The veterinary industry continued to grow in 2025, but the path to that pandemic. Transaction volume declined across every region, and new client acquisition remained below prior-year levels. At the same time, Stronger ATC, driven by diagnostics, professional services, and other medical care, helped offset the decline in visit frequency. This shift on how effectively hospitals deliver comprehensive care during each visit. For many practices, this environment required greater operational discipline. Pricing strategies, service utilization, staffing alignment, and maintaining financial performance. While the growth environment may be more measured than in recent years, the data show that practices that can adapt their operations continue to perform well.