AVMA issues report on the market for veterinarians

ECON_4_Mkt-for-VetsThe American Veterinary Medical Association (AVMA) today released its 2015 AVMA Report on the Market for Veterinarians. The fourth installment of the AVMA’s six-part 2015 Veterinary Economic Report series, the report includes information on the compensation trends in veterinary medicine, the demand for new veterinarians, the supply of labor and a forecast of the market for veterinarians. Our 2015 AVMA Report on the Market for Veterinarians attempts to detail and explain the current market based on the latest data and information from a variety of sources. It takes into account a complex set of horizontally related veterinary markets that include practitioners across a wide spectrum of species, as well as those in public health, industry and academia. We also explore such topics as compensation, the supply of labor, veterinarians’ satisfaction with their current employment and what the future may hold in terms of the market for veterinarians. The report series is designed to help veterinarians better understand the markets they operate in and the factors that affect their livelihood. The 2015 AVMA Report on the Market for Veterinarians can be purchased online from the AVMA Store as part of the six-installment series, and free summaries of the first four published reports also are available. The price for the series is $249 for AVMA members and $499 for nonmembers. The remaining two reports will be available upon publication. The reports and their scheduled publication dates are:

  • The AVMA Report on Veterinary Markets (January)
  • The AVMA Report on Veterinary Employment (March)
  • The AVMA Report on Veterinary Debt and Income (May)
  • The AVMA Report on the Market for Veterinarians (July)
  • The AVMA Report on Veterinary Capacity (September)
  • The AVMA Report on the Market for Veterinary Education (September)

Here’s a brief summary of what each report explores:

  • The AVMA Report on Veterinary Markets: Provides data and information about general U.S. economic conditions, the markets for veterinary education, veterinarians and veterinary services, and workforce capacity utilization.
  • The AVMA Report on Veterinary Employment: We surveyed veterinarians across the country and across the profession to better understand employment, unemployment and underemployment, as well as the factors affecting each.
  • The AVMA Report on Veterinary Debt and Income: This report takes an in-depth look at salaries for new and existing veterinarians and their veterinary education debt load, as well as debt-to-income ratios and the net present value of a veterinary career.
  • The AVMA Report on the Market for Veterinarians: Ever wonder about the supply of and demand for veterinarians, what type of work they do and how much they are compensated? This report explores the demographics of the profession.
  • The AVMA Report on Veterinary Capacity: This report includes our excess capacity forecast and explores our capacity utilization survey, descriptive statistics for capacity utilization and the factors affecting capacity utilization.
  • The AVMA Report on the Market for Veterinary Education: The market for veterinary education is the beginning of the pipeline to the market for veterinary services. This report looks at the types of students applying to veterinary school, and the supply of and demand for veterinary education.

8 thoughts on “AVMA issues report on the market for veterinarians

  1. This was the fourth report in the series and each time one of the reports has been advertised the same comments have been posted. Each time I provided the facts surrounding the decision to price the report series. To my knowledge however, I have never seen these comments in response to the advertisement of the Report on Veterinary Compensation or the Report on Veterinary practice Business Measures. Both are sold and that data is now included in the Report series. In addition, no one has complained about the Pet Demographic Survey purchase price and yet much of that data will be used for analysis and the results will be found in the report series.
    If you would like to learn more about the decision to sale the report series please see https://www.avma.org/PracticeManagement/BusinessIssues/economics/Pages/Value-and-Revealed-Preferences.aspx
    If you would like to see/hear what other economists, outside of AVMA think of the reports or the results that they have come up with from the same data, read the reports and/or come to the AVMA 2015 Veterinary Economic Summit. We have university and nonprofit economist from around the country working independently with our data to validate or refute our findings. Over the next several years much of this work will be finding it’s way into various economics journals and hopefully this will stimulate other economists to use our data for applied research. This year we allocated $338,000 to support graduate students, post-docs and university faculty to conduct both cutting edge economic research and to check our survey methods, analytic methods and economic theory.
    We believe that if you read the full body of research that is contained in the report series, you will clearly begin to see the pattern of our efforts, identifying the veterinary profession’s economic problems and the factors that contribute to them. Through this pattern of systematic research the profession will be able to make changes to obtain greatest gains in performance with the least investment. But then again, if you already know the problem and have the solution this report series will not be worth reading no matter what the price.

  2. I agree I will never pay to read results, those of us that own practices can tell you exactly what is wrong with our profession, and I won’t charge anything!

  3. I also must agree with my colleagues. We pay our dues which are to high and yet that is not enough. We now have to pay more money to get this and other reports.
    Apparently the AVMA has become a large bureaucracy that cares more for itself than its members.
    I would suggest in the future for all members if the AVMA or one of its hired consultants wants any information from its members we start charging for our time so we can then pay these ridiculous fees. I know I have done my last free survey response for the AVMA.
    The AVMA 30 years ago was not some huge financial machine but rather an organization that was truly available to its members.

  4. So what is the benefit of being an AVMA member for all of these years? Just so I can pay another $250 for this report?? Whose idea was that?

  5. I have to agree with my colleagues. The 2015 AVMA Report on the Market for Veterinarians is the sort of publication that should not cost members anything, much less $249. Presumably the data for this report came from the very veterinarians who are now supposed to pay to read about their own input. How about I just call ten of my colleagues and ask them, “How’s it going?” I’ll bet those conversations would yield the same results as this report. I understand that there are overhead expenses associated with publishing something of this magnitude, however IMO this the kind of thing that a professional trade organization should be doing for its members anyway.

  6. So I pay my dues and then I’m suppose to pay more money to actually get something useful from the AVMA? Good job guys! Very Helpful indeed.

  7. Little more than continued propaganda. I would love for a non AVMA employed economist to look at the data and give us the truth, of course for the fee of 250$…if you are a member.