Commentary Growth in core vaccines, kennel cough vaccine and surgery at this point in the new year is good news. While invoices, patient and client numbers are still negative, these results are much improved over what was seen mid-November <Link>. Prevention medicine requires proactive communication.” Consider sharing this market information as part of employee … [Read more...]
VetWatch shows more dollars YOY, fewer pets, fewer invoices
VetWatch year end report for the ~3,000 reporting practices shows: For the month ending December 31, 2022, aggregate YTD practice revenues are at + 4.5 percent net growth versus YTD 2021 Period performance growth in unique patients (pets) is at (-1.9 percent) Unique client and invoice growth posted (-2.0 percent) and (-3.1 percent) growth respectively vs PYTD … [Read more...]
Petflation: Inflation’s impact on pet industry
Inflation is strong in the pet market says John Gibbons. The Consumer Price Index has shown four straight months of double-digit, year-over-year monthly percentage increases. These are the first increases of more than 10 percent since 1981. We’re sharing quotes from two sources that present economic trends in the animal health industry. Inflation historically affects pet … [Read more...]
Possible connection between Lyme disease and Alzheimer’s
Commentary In 2022 we’ve shared the advancing movement of ticks <Link>, that Lyme-carrying ticks live longer <Link> and have seen articles indicating tick-borne diseases and illnesses are on the rise <Link>. While the latest Vetwatch® report shows parasite product growth at 1.4 percent year over year, one might conclude that tick risks are more prevalent … [Read more...]
VetWatch™ Commentary, for Week 19 – thru May 14, 2022
Complimentary Content Trends from more than 32,000 practices and shelters help animal health professionals understand shifts in our industry’s business. The data captures purchasing trends reported for practices & shelters of core therapeutic and supply categories. The VetWatch™ weekly report provides the option to see trends by geographies, a significant benefit for … [Read more...]
Catching up or just back to normal?
Opinion The recent Vetwatch™ Commentary provides consistent data to help assess the scope, velocity and significance of developments in the veterinary care sector across the United States. Following more current trends, the national 3-week rolling average for practice revenue growth fell to -9.1 percent. None of the nine census divisions posted positive revenue growth for … [Read more...]
VetWatch™ then and now shows continued growth
Providing consistent data on practice visits and revenues, the VetWatch™ weekly insight reports and commentary brings practices and industry a perspective on demand, especially in the pet segments. We’ve linked to the current report and the report from a year ago. Take a few minutes to compare these commentaries. We’ve come a long ways in the past 12 months!” Source: Vet … [Read more...]
VetWatch commentary reveals pet owner influencers, satisfaction
Opinion These excerpts from the VetWatchSM Commentary for Week 37 - thru September 18, 2021 are important because they reveal the value of current market trends and changes in pet owner mindshare. Excerpt: “As of September 18, 2021, year-over-year growth remains robust though continues to slow versus the previous year.” Question: Does -0.2 percent seem minimal to … [Read more...]
Usage rates for non-medical pet care services show positive trends
Complimentary Content Dog grooming is the marquee non-medical pet care service. Its usage rates rose from 25 percent in 2012/2013 to 41 percent in 2018/2019, dipping only slightly in the wake of Covid. Among dog owners overall, usage rates for nonmedical services edged up from 44 percent in 2012/2013 to 50 percent in 2019/2020, before dipping slightly due to the … [Read more...]
Clients with new pets need more time with vets: Part 2
Opinion In last week’s AHD Bulletin, we urged veterinary teams to consider spending more time with new and existing clients presenting new pets. We asserted the need for onboarding processes or guidelines as paramount to developing long-term relationships with pet owners, the health of pets and the revenue that flows from interactions with happy, engaged clients. AAHA’s … [Read more...]
VetWatch shares remix of pet ownership
Complimentary The VetWatch Commentary thru August 14th remains positive while a bit softer. Beyond the economic measurements, the veterinarian and pet owner sentiments section draws attention to findings from an eighth wave of M/A/R/C research and information from Packaged Facts and MRI-Simmons National Consumer Study that may disrupt some generalized assumptions: … [Read more...]
VetWatch commentary could raise questions
OPINION Capturing the amount of source data about product sales and client transactions, then assembling it consistently takes much time and commitment. The efforts and vision over the last decade-plus have allowed Animalytix to lead the development of VetWatchSM. THANK YOU! The sustained overall growth bodes well for the industry in the near term. However, it is … [Read more...]
Purchase growth plateaus, but still ahead of 2020, VetWatch™
Monitoring the scope, velocity and importance of developments in the U.S. veterinary care sector, VetWatch™ helps veterinary hospitals and the animal health industry stay on top of the ever-changing landscape affected by current events through multiple sources of real-time data. Source: VetWatch, week ending July 3, 2021. Link. For the week ending July 3, aggregate YTD … [Read more...]
VetWatch Commentary thru April 17, 2021, Week 15
Complimentary Sponsored Content For the week ending April 17, 2021, the canine and feline core vaccine indices combined and expanded with the inclusion of the lifestyle vaccines for Lyme, Lepto, and FeLV shot up to a robust +29.3 percent YTD across the more than 32,000 practices and shelter locations in the Animalytix Marketplace. The growth in unique patients was up at … [Read more...]
VetWatch’s week 52 report shows continued promise
Complimentary Content The final week for 2020 reporting for VetWatch shows the canine and feline core vaccine indices ended at a robust 9.0 percent YTD growth across the 32,000+ practices and shelter locations in the Animalytix Marketplace. Other key findings include: Revenue growth year to date for the week remained positive in all areas of the country, averaging … [Read more...]