AVMA News (cont.) 


Report shows that demand for veterinary services adjusting after COVID bump  capacity


By Malinda Larkin, AVMA News October 04, 2024, Updated October 9, 2024


A recent analysis of the drivers of supply and demand for veterinary services in the U.S. shows that the number of graduates from existing U.S. veterinary colleges is likely enough to meet demand to 2035.


Te conclusion comes from a recent analysis performed by Brakke Consulting Inc., which was commissioned by the AVMA. John Volk, a senior analyst with Brakke Consulting, will provide an overview of the report, “Forecasting Supply and Demand Indicators for US Veterinarians 2024-2035,” at the 2024 AVMA Veterinary Business and Economic Forum, October 8-9. Te analysis looked at trends in the number of veterinary graduates and pet-owning households as well as consumers’ disposable income and pet spending.


It appears likely that the number of companion animal veterinarians likely will increase faster than the number of pets and pet-owning households in coming years, according to a recent analysis performed by Brakke Consulting Inc.


“In short, the projections in this analysis do not justify a conclusion of overall excess capacity or capacity shortage by 2030 or 2035,” according to Volk.


Meanwhile, the population of veterinarians is likely to grow faster than pet owning households if all 13 proposed veterinary schools become accredited. With 33 U.S. veterinary colleges currently recognized by the AVMA Council on Education (AVMA COE), this would represent a nearly 40% increase in a 10-year period.


That means in order to avoid potential negative economic impact pet owners would have to be willing to spend more and more on pets, said Volk, in an exclusive interview with AVMA News ahead of the report’s publication.


Continued on pg. 38


Winter 2025


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