Veterinary Industry Summary: September 2022

Kate Zirkle
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Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA

 

September 2022 Monthly Recap

We have officially entered fall and U.S. pet owners continue to face inflation as cooler weather rolls in. Let’s look at veterinary industry stats for the month of September to see how this impacted U.S. veterinary practices. Compared to August, September’s year-over-year revenue stayed pretty consistent, and we still saw a slight decline in months of heartworm and flea/tick protection dispensed. These metrics are based on transactional data from around 4,600 veterinary practices across the United States. See more details below and check out the Veterinary Industry Tracker.

 

SEPTEMBER 2022
Growth in Revenue and Visits
A line graph showing revenue and visits per practice, for a 14 day rolling period.

 

+5.9%
Revenue YoY
-2.7%
Visits YoY

 

Revenue growth was almost 6% while visits continue to lag behind and were down -2.7% year-over-year in September. Both metrics are higher than what we saw in August.

 


Months of Parasiticide Protection Dispensed
-2.8%
Heartworm YoY
-2.7%
Flea/Tick YoY
Service vs Product Revenue Breakdown
+7.3%
Services YoY
+2.1%
Products YoY

 

Months of heartworm and flea/tick protection dispensed increased in September but are still behind year-over-year, while revenue from services and products were both up. Each of these metrics are up compared to August.

 


Revenue Growth by State
A U.S. map, using color shades to show revenue growth by state.

 

Louisiana
16.2% Revenue YoY
Maine
12.3% Revenue YoY
Tennessee
10.1% Revenue YoY

 

Our top three performing states for average year-over-year veterinary revenue growth for September are Louisiana, Maine, and Tennessee. 

 

*Numbers are subject to change based on data availability and PIMS adjustments.

 


Need additional stats? You got it.

The Premium Veterinary Industry Tracker lets you drill into revenue categories, visit types, date ranges, states, and more.

 

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