Veterinary Industry Summary: Oct 9-15, 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
Oct 9-15, 2022
October is here and the temperatures are dropping across the country. As the fall season rolled in, U.S. veterinary practices saw that year-over-year revenue growth was up 3.4% while growth in visits dropped to -4.1%. Revenue from professional services was up 5.0% year-over-year, we also saw months of heartworm and flea/tick protection dispensed drop this past week. You can see more details below and check out the Veterinary Industry Tracker for daily stats.
| +3.4% Revenue YoY (Last Week) |
-4.1% Visits YoY (Last Week) |
Revenue growth was up again last week at 3.4% which is slightly lower than the week before and visits dropped further to -4.1% year-over-year this past week. Both metrics are down from the week prior.
 -3.4%Heartworm YoY |
-6.0% Flea/Tick YoY |
 +5.0%Services YoY |
-1.0% Products YoY |
Heartworm and flea/tick protection dispensed and revenue from products have declined this past week from the week prior, we also saw a decline in revenue from services and products.
| +6.0% Revenue YoY (Last 12 Months) |
-2.1% 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 now it appears to be on the decline.
| 4,619 Practices |
1.9M Revenue per Practice (Last 12 Months) |
10.7K 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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