Veterinary Industry Summary: Sept 4-10, 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
Sept 4-10, 2022
Last week while the U.S. celebrated Labor Day and a long weekend, veterinary practices still managed to claw out some year-over-year revenue growth. Much of this revenue growth came from services, while year-over-year growth in product revenue was nearly flat. Year-over-year growth was at 6.2% for revenue and -2.0% for visits. Revenue from professional services again accounted for much of that growth in revenue, at nearly 8% year-over-year. Months of heartworm and flea/tick protection dispensed were down again this past week. Product revenue was up slightly at 1.2% growth, the same as what we saw the week prior. You can see more details below and check out the Veterinary Industry Tracker for daily stats.
| +6.2% Revenue YoY (Last Week) |
-2.0% Visits YoY (Last Week) |
Revenue growth was at 6.2% this past week while visits continue to lag behind and were down -2.0% year-over-year this past week. Both metrics are down slightly compared to what we saw the week prior.
 -2.5%Heartworm YoY |
-3.4% Flea/Tick YoY |
 +7.8%Services YoY |
+1.2% Products YoY |
Heartworm and flea/tick protection dispensed were down again this past week, while revenue from services was up clost to 8% and revenue from products was again up 1.2%. Compared to the week prior, heartworm and flea/tick protection dispensed was up, while revenue from services was down and revenue from products was the same.
| +6.3% Revenue YoY (Last 12 Months) |
-1.6% 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 again starting to see it climb heading into September.
| 4,654 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 11.1% 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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