Veterinary Industry Summary: October 8–14, 2023
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.
Revenue YoY (Last Week)
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.
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.
Revenue YoY (Last 12 Months)
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.
Revenue per Practice
(Last 12 Months)
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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