We continue to measure the pressures that veterinarians, clinics and pet owners are under. We look at how they are coping with these pressures and start to build a picture of how the veterinary industry should adapt.

PERSONAL IMPACT SUMMARY:

1.     The rising cost of living continues to impact veterinary professionals. Veterinary professionals remain worried at keeping up with the cost of living, with worry levels particularly rising in UK and FR.
2.     There is some improvement in financial performance. Revenue from products sold in practice continues to suffer, with no perceived changes since last wave. Revenue from pet nutrition is the area showing the greatest decrease overall in most markets.
3.     …But many veterinary professionals continue to struggle. In UK and US, a greater proportion of veterinarians report they are doing worse financially versus doing better, with vet nurses/techs struggling most. Although the use of cost saving measures falls slightly in the UK, an increasing number of UK veterinarians are resorting to dipping into their savings as worry levels increase.

VETERINARY BUSINESS IMPACT SUMMARY:

1.     Veterinarians are feeling the pressure in their professional lives. While job satisfaction remains stable overall, over half of veterinarians in the UK and US report that they are stressed in their jobs, with 3 in 5 practices currently understaffed and staff availability heavily impacted in these markets.
2.     The cost of living continues to impact product-based revenue. There is some improvement in financial performance. Financial performance continues to recover for Spanish veterinarians as worry levels fall slightly, but they remain most worried overall.
3.     The continued relevance of cost-saving alternatives is evident in changes to clinical treatments, recommendations and routines. Among veterinarians in the UK, France and US, there is an increase in offering cheaper medication alternatives. Offering cheaper nutrition alternatives also continues to show an increase as a cost saving measure in France and the UK. Vaccination volume is decreasing in UK, in particular.