Source: AVMA News
A recent analysis by Brakke Consulting, commissioned by the AVMA, indicates that the number of U.S. Veterinary graduates will likely meet the demand for veterinarians through 2035. The report, which focuses on supply and demand trends, highlights that while the number of companion animal veterinarians is projected to grow faster than the number of pets and pet-owning households, no overall excess capacity or shortage of veterinarians is expected.
The study notes that economic fluctuations, such as those seen during the Great Recession and COVID-19 pandemic, impact pet care spending, but the Veterinary market is stabilizing after pandemic-driven surges. The report also addresses the potential influence of 13 proposed Veterinary schools on future supply. Although some argue that the U.S. faces a veterinarian shortage, Brakke’s analysis, based on supply-demand models, suggests a balanced market, with demand needing to grow alongside increasing Veterinary graduates to avoid economic disruptions in pricing and wages.
Read the full story HERE: https://www.avma.org/news/no-dire-shortage-veterinarians-anticipated-coming-years