The 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,” said AVMA Economics Director Michael Dicks, PhD. “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 three other 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.