Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

October 8–14, 2023

Last week, veterinary practices experienced year-over-year revenue growth, although that growth fell 3.3% over the past three weeks, and visits continued to decline.

 

Check out the Veterinary Industry Tracker for daily stats.

 

 

+2.9% Revenue YoY (Last Week)

-2.6% Visits YoY (Last Week)

 

Year-over-year revenue and visits dropped again last week. While revenue was still up 2.9%, it fell from 3.6% the week prior. Visits also declined, falling to -2.6% from -1.6% the previous week.

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-9.6% Heartworm YoY

-5.0% Flea/Tick YoY

 

 

+4.3% Services YoY

-0.8% Products YoY

 

 

Months of parasiticide protection dispensed fell last week. Year-over-year heartworm was -9.6%, falling from -7.2% the week prior, and flea/tick was -5.0%, a decline from -2.9% the previous week. Revenue from services and products continued to decline, with year-over-year services revenue up 4.3%, falling from 5.0% the previous week, and year-over-year products revenue down -0.8%, compared to 0.3% the week prior.

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+6.5% Revenue YoY (Last 12 Months)

-1.8% Visits YoY (Last 12 Months)

 

 

The rolling 14-day trendline shows year-over-year revenue and visits leveling off after rebounding over the last three weeks.

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4,988 Practices

2.0M Revenue per Practice (Last 12 Months)

10.5K Visits per Practice (Last 12 Months)

 

 

Year-over-year revenue was up 12.4% in Massachusetts last week, while Tennessee and North Carolina experienced the highest year-over-year visits growth at 2.5% and 1.9% respectively.

For daily state-specific stats, see the Premium Veterinary Industry Tracker at VeterinaryAnalytics.com.

*Numbers are subject to change based on data availability and PIMS adjustments.

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