Veterinary Industry Summary: Oct 30-Nov 5, 2022

Kate Zirkle
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Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA

 

Oct 30-Nov 5, 2022

Today is Election Day in America. Be sure to exercise your civic right and vote down the ballot if you haven’t already. For U.S. veterinary practices, Halloween week resulted in year-over-year revenue growth of 3.3% and -4.2% growth in visits last week. Revenue from professional services was up 4.9% year-over-year, while months of heartworm and flea/tick protection dispensed and revenue from products were down again this past week.

You can see more details below and check out the Veterinary Industry Tracker for daily stats.

 

LAST WEEK
Revenue per Practice
A bar graph showing revenue per practice for last week, compared to the previous year.

 

+3.3%
Revenue YoY (Last Week)
-4.2%
Visits YoY (Last Week)

 

Revenue growth was up again this past week at 3.3% year-over-year, but down slightly compared to the week prior. Visits are still down but increased slightly since the week prior, at -4.2% year-over-year this past week.

 


LAST WEEK
Months of Parasiticide Protection Dispensed
-6.5%
Heartworm YoY
-6.4%
Flea/Tick YoY
Service vs Product Revenue Breakdown
+4.9%
Services YoY
-1.3%
Products YoY

 

Heartworm and flea/tick protection dispensed and product revenue were up slightly this past week compared to the week prior. Revenue from services was up nearly 5% year-over-year, but down slightly compared to the week prior.

 


LAST 12 MONTHS
Growth in Revenue and Visits
A line graph showing revenue and visits per practice, for a 14 day rolling period.

 

+5.7%
Revenue YoY (Last 12 Months)
-2.6%
Visits YoY (Last 12 Months)

 

The rolling 14-day trendline for revenue and visits growth year-over-year for the past 12 months has been consistently down in 2022 compared to 2021. This month we saw average revenue dip below 6% which is half of what we saw in April 2022 and closer to the 6.7% we saw in November 2020. Metrics are certainly not trending in the direction that one would hope.

 


LAST 12 MONTHS
Revenue Growth by State
A U.S. map, using color shades to show revenue growth by state.

 

Patient Demographics
4,601
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 10.8% 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.


Need additional stats? You got it.

The Premium Veterinary Industry Tracker lets you drill into revenue categories, visit types, date ranges, states, and more.

 

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