Veterinary Industry Summary: Sept 18-24, 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
Sept 18-24, 2022
As the east coast prepared for Hurricane Ian, U.S. veterinary practice year-over-year revenue growth slowed to 5.5% last week. Visits and product revenue growth continues to be lackluster. Year-over-year growth was at -2.3% for visits. Revenue from professional services was at 7.0% year-over-year, while months of heartworm and flea/tick protection dispensed were down again this past week. Product revenue was up slightly at 1.4% growth, close to what we saw the week prior. You can see more details below and check out the Veterinary Industry Tracker for daily stats.
Revenue YoY (Last Week)
Visits YoY (Last Week)
Revenue growth was at 5.5% this past week while visits continue to lag behind and were down -2.3% year-over-year this past week. Both metrics are down slightly compared to what we saw the week prior.
Heartworm and flea/tick protection dispensed were down again this past week, while revenue from services was up 7% and revenue from products was up 1.4%. Compared to the week prior, heartworm protection dispensed and product and service revenue were up, while flea/tick protection dispensed was down slightly.
Revenue YoY (Last 12 Months)
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’re now seeing it climb in September.
Revenue per Practice
(Last 12 Months)
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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