Veterinary Industry Summary: Oct 23-29, 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
Oct 23-29, 2022
As the month of October winds down, Americans gear up for daylight savings, fall weather, and a fast-approaching holiday season. This past week, U.S. veterinary practices saw that year-over-year revenue growth was up 3.7% while growth in visits dropped to -4.9%. Revenue from professional services was up 5.7% year-over-year, we also saw months of heartworm and flea/tick protection dispensed drop even lower this past week. You can see more details below and check out the Veterinary Industry Tracker for daily stats.
| +3.7% Revenue YoY (Last Week) |
-4.9% Visits YoY (Last Week) |
Revenue growth was up again this past week at 3.7% which is slightly higher than the week before and visits dropped further to -4.9% year-over-year this past week.
 -6.8%Heartworm YoY |
-8.9% Flea/Tick YoY |
 +5.7%Services YoY |
-2.0% Products YoY |
Heartworm and flea/tick protection dispensed continued to decline this past week from the week prior. Product revenue was still down -2.0% year-over-year, but we saw a slight increase in service revenue.
| +6.1% Revenue YoY (Last 12 Months) |
-2.2% Visits YoY (Last 12 Months) |
The rolling 14-day trendline for revenue and visits growth year-over-year was noticeably higher in 2021 before declining in January 2022. This spiked significantly in February and slightly in July but appears to be settling in overall at a lower rate than what we saw in 2021. We saw it climb in September and fluctuate in October, ultimately ending last month a bit down.
| 4,604 Practices |
1.9M Revenue per Practice (Last 12 Months) |
10.6K Visits per Practice (Last 12 Months) |
Maine is the top state for year-over-year revenue growth on average for the past 12 months, with 11.3% growth. For daily state-specific stats, please see the Premium Veterinary Industry Tracker.
*Numbers are subject to change based on data availability and PIMS adjustments.
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