• DVM360_Conference_Charlotte,NC_banner
  • ACVCACVC
  • DVM 360
  • Fetch DVM 360Fetch DVM 360
DVM 360
dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care
dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care
By Role
AssociatesOwnersPractice ManagerStudentsTechnicians
Subscriptions
dvm360 Newsletterdvm360 Magazine
News
All News
Association
Breaking News
Education
Equine
FDA
Law & Ethics
Market Trends
Medical
Politics
Products
Recalls
Regulatory
Media
dvm360 LIVE!™
Expert Interviews
The Vet Blast Podcast
Medical World News
Pet Connections
The Dilemma Live
Vet Perspectives™
Weekly Newscast
dvm360 Insights™
Publications
All Publications
dvm360
Firstline
Supplements
Vetted
Clinical
All Clinical
Anesthesia
Animal Welfare
Behavior
Cardiology
CBD in Pets
Dentistry
Dermatology
Diabetes
Emergency & Critical Care
Endocrinology
Equine Medicine
Exotic Animal Medicine
Feline Medicine
Gastroenterology
Imaging
Infectious Diseases
Integrative Medicine
Nutrition
Oncology
Ophthalmology
Orthopedics
Pain Management
Parasitology
Surgery
Toxicology
Urology & Nephrology
Virtual Care
Business
All Business
Business & Personal Finance
Hospital Design
Personnel Management
Practice Finances
Practice Operations
Wellbeing & Lifestyle
Continuing Education
Conferences
Conference Listing
Conference Proceedings
Upcoming dvm360 Conferences
Resources
CBD in Pets
CE Requirements by State
Contests
Partners
Spotlight Series
Team Meeting in a Box
Toolkit
Top Recommended Veterinary Products
Vet to Vet
Veterinary Heroes
  • Contact Us
  • Fetch DVM360 Conference
  • Terms and Conditions
  • Privacy
  • Do Not Sell My Information
  • About Us

© 2023 MJH Life Sciences and dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care. All rights reserved.

Advertisement
By Role
  • Associates
  • Owners
  • Practice Manager
  • Students
  • Technicians
Subscriptions
  • dvm360 Newsletter
  • dvm360 Magazine
  • Contact Us
  • Fetch DVM360 Conference
  • Terms and Conditions
  • Privacy
  • Do Not Sell My Information
  • About Us
  • MJHLS Brand Logo

© 2023 MJH Life Sciences™ and dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care. All rights reserved.

DVMs cite growing concern over Internet product sales

September 1, 2003
Daniel R. Verdon

Cleveland-The majority of veterinarians say the most competitive business pressure is coming from Internet sales of veterinary products.

Cleveland-The majority of veterinarians say the most competitive business pressure is coming from Internet sales of veterinary products.

In a 2000 State of the Profession survey, the top-ranked source of competitive business pressure was from traditional veterinary clinics (56 percent). This year, veterinarians say they feel the competitive pressure from Internet sales Web sites (65 percent). The 2003 survey shows that traditional veterinary clinics, as a source of competitive business pressure, dropped to 46 percent.

Table 1: Which one source poses the most significant challenge to the success of your practice?

DVM Newsmagazine's State of the Profession survey was mailed to 1,000 veterinarians selected randomly and based on responses from 352 practitioners, achieving a 23 percent response rate.

Veterinarians were also asked to rank the "one" source that poses the most significant challenge to the success of practice. The top three responses included Internet sales Web sites (30 percent), traditional veterinary clinics (28 percent) and larger full-service hospitals (13 percent). (Table 1.)

Table 2: How competitive do you consider the market for veterinary services in the geographic region in which you practice?

However, when veterinarians were asked about the biggest challenge to the future success of practice, competition dropped to the fifth highest-ranking category. Practice income/fees topped the list by 28 percent of respondents. Other popular answers included:

  • Finding and maintaining staff, 20 percent.

Advertisement
  • Providing high quality services/facilities, 19 percent.

  • Attracting clients/client issues, 14 percent.

  • Health, time management or burnout, 12 percent.

  • Competition from clinics and over-the-counter sales, 11 percent.

However, veterinarians believe they are located in competitive locations. According to the survey, 40 percent of practitioners describe their area as highly competitive, and another 53.6 percent say it is somewhat competitive (Table 2).

Table 3: How many practices are within 5 miles of your clinic?

Additionally, 36 percent of respondents say they have five or more clinics within five miles of the practice. The mean number of practices within this five-square-mile radius is 3.3. (See Table 3.)

The majority of veterinarians say there isn't a lot of expansion occurring in their locales. Sixty-three percent of veterinarians say that no new practices have sprung up in their area over the last three years (Table 4, p. 20).

Flat expansion?

Table 4 and 5: How many Competitive practices have opened within the past 3 years? and Are your facilities and medical equipment better, worse or about the same as other practices in your area?

When asked how they compared their facilities to other practices in the area, about 38 percent believe their practices were about the same as their competition. Fifty-four percent of respondents believed their facilities and medical equipment were better than competing practices in their locales (Table 5).

When the data were cross-tabulated by the size of the practice, noticeable differences emerge. About 40 percent of solo practitioners say their facilities are better than other practices in the area, while 77 percent of practitioners in four-plus doctor practices say the same.

Table 6: Of the patients you refer to specialists, what percent do you lose as regular patients?

The majority of veterinarians (66 percent) also say they are not marketing their practices more aggressively than in the past, while one-third of practitioners say they are doing more. The top marketing strategies for practitioners included Yellow Page advertising, newsletters and direct mail and newspaper ads.

Attitudes about corporate ownership of veterinary practices is also softening. Only 23 percent of respondents say they are strongly opposed to corporate ownership for the profession. In 1994, 36 percent of practitioners said they were strongly opposed. In 2003, 32 percent of practitioners were neutral on the subject, while 21 percent in 2000 said the same.

Methodology

The majority of veterinarians do not believe they lose many cases as a result of referring patients to specialists for advanced care. In fact, 75 percent of practitioners say they don't lose clients through a specialist referral. And of those veterinarians reporting losses, the numbers of cases are extremely minimal.

Specialists

On average, veterinarians are referring about three cases a month to specialists. About 60 percent of respondents say that number is about the same in comparison to three years ago.

Larger practices also report referring more cases to specialists. In practices with four or more doctors, 42 percent say they are referring five or more cases a month. In comparison to solo practitioners, 14 percent say they are referring more than five cases a month.

About 50 percent of all referred cases are for orthopedic problems. Other top referral specialties cited by veterinarians include:

  • Ophthalmology, 33 percent

  • Surgery, 23 percent

  • Internal medicine, 19 percent

  • Oncology 19 percent

  • Dermatology, 11 percent

  • Cardiology, 5.4 percent

  • Anything beyond my expertise/difficult to diagnose, 11 percent.

Related Content:

Market TrendsOncologyOphthalmologyCardiologySurgeryOrthopedics
Study finds certain canine breeds should be screened for cancer at young ages
Study finds certain canine breeds should be screened for cancer at young ages
FHO vs total hip replacement: separating fact from fiction
FHO vs total hip replacement: separating fact from fiction
What to consider in difficult dental extractions
What to consider in difficult dental extractions

Advertisement

Latest News

Partners for Health Pets and VHMA collaboration publish white paper

Vetstoria releases its Fill Rate platform

What's new with the "Dentistry Lane" across the veterinary profession?

Meet the BlackDVM Network

View More Latest News
Advertisement