Veterinary Industry Summary: Sept 25-Oct 1, 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
Sept 25-Oct 1, 2022
Our hearts go out to those affected by Hurricane Ian as it made landfall and caused mass destruction last week. U.S. veterinary practices felt the impact as year-over-year revenue growth slowed to 1.7% and growth in visits slowed to -5.7%. Revenue from professional services was at 3.3% year-over-year, while months of heartworm and flea/tick protection dispensed were down again this past week. Product revenue was down this past week at -2.4% growth. 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 1.7% this past week while visits continue to lag behind and were down -5.7% year-over-year this past week. Both metrics are down compared to what we saw the week prior.
Heartworm and flea/tick protection dispensed and revenue from products were down this past week, while revenue from services was up 3.3%. Compared to the week prior, all metrics are down, likely due to the hurricane.
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 saw it climb in September and now it appears to be on the decline.
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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