Veterinary Practices Brace for Recession: Are You Ready for the Coming Downturn?

Veterinary medicine in the United States may have long been considered “recession-resistant,” but new research suggests that the industry is far from immune to economic cycles. In a study titled Anticipating the Downturn: Business Cycle Forecasting for Veterinary Practice Strategy in the United States, researchers used advanced time-series econometrics to analyze veterinary-specific inflation and expenditure patterns, revealing a distinct business cycle for veterinary services that often lags behind the broader economy by years.