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.
| +5.5% Revenue YoY (Last Week) |
-2.3% 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.
 -2.9%Heartworm YoY |
-1.7% Flea/Tick YoY |
 +7.0%Services YoY |
+1.4% Products YoY |
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.
| +6.2% Revenue YoY (Last 12 Months) |
-1.8% 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.
| 4,637 Practices |
1.9M Revenue per Practice (Last 12 Months) |
10.8K 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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