I wanted to share this information from VetWatch. They survey over 6,000 clinics across the USA weekly. They recently added a section called Veterinarian & Pet Owner Sentiments. Below is just some of the information I pulled from this section.
Online pharmacies continue to grow – clinic online pharmacies grew +14% 1st Quarter. Requests for online prescriptions grew 72% and Amazon and Chewy continue to lead the way for pet owner purchases.
From VetWatch.com https://www.vetwatch.com/
· Did your practice apply for any financial assistance as a result of the COVID-19 crisis? (VetWatch June Survey)
PPP SBA loan – 58.5%
No – 26.4%
PPP SBA & EID Loan – 7.5%
EID – 1.9%
Private Bank – 1.9%
Other – 1.9%
SBA, Private, LOC & Other – 1.9%
· When do you assume you will resume normal operations? (VetWatch June Survey)
Currently Operating – 22.6%
July/Aug – 41.5%
Sept/Oct – 18.9%
Nov/Dec – 5.7%
Not until 2021 – 11.3%
· How were sales on your home delivery platform for 1Q compared to what you expected? (Net = More-Less) (CRC 1,200 Vet Survey)
0.3% now 14.8%
· How many Chewy scripts are coming into your practice vs. your expectations this quarter? (Net = More-Less) (CRC 1,200 Vet Survey)
14.4% – now 18.7% – still growing
· Pet owners who requested a prescription from their veterinarian to fill online (M/A/R/C Survey)
14% – now 86%
· Pet owners online purchases for pet supplies, including toys, medicine, and food (M/A/R/C Survey)
Chewy – 37%
Amazon – 45%
Vet’s Online Pharmacy – 14%
Others – 11%