Matt Salois, AVMA chief economist, reviews economic issues that challenge the veterinary profession. He offers perspective on three trends for veterinary hospitals, teams and owners:
• Increasing demand for veterinary services
• More pets, higher prices, but fewer visits
• Increases in debt to future income ratios for graduating veterinarians
Source: NAVC SPARK, August 16, 2019. Link. Salois also talks about future periods of economic recession calling for veterinary professionals to prepare for potential changes.
If you don’t like change, you’ll like being irrelevant even less.”
INSIGHTS: Animal health pros’ horizons are often no further than the next call, the next exam room or getting dinner on the table. Salois offers perspectives to contemplate.
I am surprised that the online competition for Veterinary pharmacy business is not listed.
Agreed Pat … good observation