Veterinary Industry Summary: September 10–16, 2023
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
September 10–16, 2023
A recent study conducted by researchers at Boston University School of Public Health found that nearly half of U.S. dog owners are hesitant to vaccinate their dogs against rabies and other diseases.
Published in the journal Vaccine, the survey was conducted between March 30 and April 10, 2023. Findings show signs of a COVID vaccine “spillover” effect in the U.S. — that people who hold negative attitudes toward human vaccines are more likely to feel negatively about vaccinating their pets.
Of the 2,200 U.S. dog owners surveyed:
- Nearly 40% believe canine vaccines are unsafe.
- More than 20% believe canine vaccines are ineffective.
- 30% consider canine vaccines to be medically unnecessary.
- 37% believe canine vaccination could cause their dogs to develop autism.
As year-over-year visits continue to drop, the importance of consistent client communication and education between visits cannot be underestimated.
Check out the Veterinary Industry Tracker for daily stats.
| +2.7% Revenue YoY (Last Week) |
-3.4% Visits YoY (Last Week) |
Year-over-year revenue and visits were on the decline again last week, with revenue falling to 2.7% from 3.3% and visits falling to -3.4% from -1.9% the previous week.
 -8.3%Heartworm YoY |
-6.6% Flea/Tick YoY |
 +4.3%Services YoY |
-1.3% Products YoY |
After a slight rebound two weeks ago, months of parasiticide protection dispensed fell last week. Year-over-year heartworm fell from -5.4% to -8.3%, and flea/tick fell from -3.6% the week prior to -6.6% last week. Revenue from services and products also dropped from the previous week, although year-over-year services revenue was still up 4.3%.
| +6.5% Revenue YoY (Last 12 Months) |
-1.9% Visits YoY (Last 12 Months) |
The rolling 14-day trendline shows year-over-year revenue and visits holding fairly steady last week after declining since mid-August.
| 5,053 Practices |
2.0M Revenue per Practice (Last 12 Months) |
10.5K Visits per Practice (Last 12 Months) |
Massachusetts and North Carolina continued to experience the highest average growth in year-over-year revenue for the past 12 months at 11.5% and 11.3% respectively. And, while year-over-year visits in both states also improved (1.2% for Massachusetts and 1.7% for North Carolina), Tennessee experienced the highest average growth in visits at 2.5%.
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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