
Sign up to save your podcasts
Or


A look at topics that I'm excited to explore at WVC 2024:
Research from Demandsage 2.0 indicates that on a worldwide basis, 23% of men and 21.8% of women own a smartwatch. In the U.S., that number is even smaller, as 12.2% of Americans are reported to use a smartwatch or a fitness tracker.
If you've experienced the joy of adopting a pet, you know that the wonderful feeling of welcoming a new family member to your home is often preceded by involves numerous challenges that can be both cumbersome and emotionally draining. Prospective pet owners frequently encounter a convoluted and extended application process, necessitating comprehensive questionnaires about their living conditions, lifestyle, and prior experiences with pets. This detailed scrutiny, while crucial for ensuring a suitable match between the pet and its future home, can be overwhelming.
On the latest episode of Petworking, I was fortunate enough to be joined by 🐾Yvethe Tyszka, Vice President of Marketing, and Bob Kalill, Vice President of Research and Product Development at Zesty Paws (part of H&H Group). Zesty Paws is the top pet supplement brand in the U.S., as verified by Euromonitor.
Yvethe, Bob and I discussed the rapid growth of the pet supplements market, and the current trends in the category. Whereas supplements used to be something that pet parents would only give to their dog or cat if recommended by a veterinarian, it has now blossomed into a $2B market, that experienced 15% YOY growth in 2023, and is expected to grow 10% to $2.2B in 2024. This is a far cry from the 2-5% YOY growth that Packaged Facts predicted in 2020, when Yvethe joined Zesty Paws.
As we explored the evolution of the pet supplements market, Yvethe, Bob and I discussed:
As a user of an NAD booster myself, and a pet parent that gives an NAD booster to Peony, I was excited to have a chance to discuss the science behind Healthy Aging and NAD boosters in general with Bob.
Tune into the episode to catch the full details of my conversation with Bob and Yvethe, and if you're interested in trying Healthy Aging, let us know in the comments and we'll send you an exclusive discount code. It's a great holiday gift for your senior dog.
Happy Holidays, everyone!
In the previous episode of Petworking, Daryl Hatton and I delved into the difficult topic of financial euthanasia and its role in the increasing compassion fatigue among veterinarians. We highlighted the alarming mental health crisis in the veterinary field, underscored by a high suicide rate and the startling statistic from Royal Canin that 70% of veterinarians have known a colleague or peer who died by suicide. Mars Petcare's projection of a 41,000 veterinarian shortage in the U.S. by 2030 due to burnout and exit from the profession paints a grim picture.
This week, we shift focus to another significant challenge in veterinary medicine: non-compete agreements. Joining us is Paul Diaz, founder of Offer First, and my college friend and legal expert, Henry Whitehead. They bring a blend of personal experience and legal insight into the impacts of non-competes on veterinarians' careers and mental health. Our discussion covers the legal nuances, emotional toll, economic consequences, and ethical considerations of these agreements, especially in light of the FTC's anticipated vote on banning such clauses in employment agreements by 2024.
Why the enforceability of non-compete agreements is highly dependent on state law and specific circumstances
Employer motivation for utilizing non-compete agreements, and alternative methods for protecting business interests while ensuring better care for animals and improved working conditions for veterinarians
The emotional health impacts on those subjected to non-compete agreements and the potential for limiting career mobility
The economic impacts of non-compete agreements, specifically with respect to depressing veterinary wages
The financial risk associated with defending against a non-compete lawsuit, and why it's generally more cost-effective to hire a lawyer for front-end contract negotiation. Non-competes might not always be enforceable, but the risk and expense of defending against them can be significant
The relationship between the projected shortage of veterinarians and the use of non-compete agreements. At a time when pet parents' access to veterinary care is severely limited, is it ethical to limit veterinarians' ability to practice for the sake of preserving business interests?
Why some leading veterinary businesses have abandoned the use of non-competes, and whether we could see this model replicated in the near future, not withstanding the fact that the FTC is expected to vote on a rule to ban non-compete clauses in employment agreements in April 2024
This week on Petworking, I sat down with Daryl Hatton, CEO of ConnectionPoint, to discuss some crucial and timely issues, related to the need for crowdfunding solutions in veterinary care. ConnectionPoint's Petfundr brand is specifically designed for pet-related projects and needs. It operates similarly to other crowdfunding platforms like Kickstarter or GoFundMe but is focused exclusively on pets and animals.
Considering the financial challenges many pet owners face, the concept of Petfundr as a specialized crowdfunding platform for pet-related needs is innovative and addresses a significant gap in pet care funding. Here are some key takeaways and reflections from the episode:
Financial Euthanasia and Veterinary Burnout: The issue of financial euthanasia not only affects pet owners but also takes a toll on veterinarians.
The Fed's 2022 Economic Well-Being of U.S. Households survey noted that approximately 37% of Americans would struggle to cover a $400 emergency expense without resorting to credit, borrowing from family, selling assets, or obtaining a loan. The unfortunate consequence of this situation is that many pets are euthanized for otherwise treatable conditions, because their owners did not have the necessary funds to pay for the treatment. This is referred to as "financial euthanasia," and spots.com estimates that approximately 500,000 animals fall victim to financial euthanasia each year.
By providing an alternative funding route, platforms like Petfundr can alleviate some of the emotional burdens on veterinarians and pet owners alike.
The Limitations of Pet Insurance: Pet insurance would be one solution to this problem, but according to the latest statistics from NAPHIA, the pet insurance market in the United States covers just under 5 million pets, which includes both dogs and cats. Approximately 80% of these insured pets are dogs, but with at least 65 million dogs in the U.S., the overall penetration rate of pet insurance is still relatively low at ~4%, meaning over 60 million dogs do not have pet insurance. Consequently, these pet parents might face financial challenges if their pet develops a health condition that requires expensive treatment. highlighting the importance of solutions like crowdfunding, angel funds, or more accessible insurance options to help manage veterinary costs. This situation underscores the need for greater awareness and possibly more affordable or comprehensive pet insurance options to help mitigate the financial burden of pet healthcare.
Other limitations with pet insurance as a remedy to the issues of families being unable to afford veterinary care and resorting to financial euthanasia are:
Pet insurance does not cover pre-existing conditions, meaning that pet parents with older dogs and cats don't have a means of ensuring that their pet will be covered for all possible conditions.
Pet insurance often operates on a reimbursement model, which can be problematic for pet owners who cannot afford to pay upfront for expensive treatments.
Angel Fund Concept: Daryl and I also discussed the idea of an "Angel Fund", where customers of a veterinary clinic contribute to a fund that helps pet owners who cannot afford emergency treatments. In the frantic moments surrounding a medical emergency, this fund would allow underfunded pet parents to make decisions about their pet's treatment purely based on the best medical course of action.
The California and New York Veterinary Medicine Associations are considering implementing statewide angel funds using Pet Funder's technology.
Enjoy the episode, and as you're reflecting on your blessings this Thanksgiving, and perhaps pondering what charities will be the recipients of your charity on Giving Tuesday, take a minute to think about the pets that are in a situation where their families cannot afford to fund their medical care. Giving families an opportunity to keep all members of their family healthy is a worthy cause to consider indeed.
The Human-Animal Bond. We've all seen it, even if we haven't realized it yet. Look around you, and in the course of a given day, I would bet that it's impossible not to see evidence of it somewhere. It's there in the gentle nudge of a dog waiting patiently for its owner outside a store, in the contented purr of a cat curled up on a sunny windowsill, and in the quiet companionship of a horse and rider silhouetted against the setting sun. It's power is felt in the shared happiness both that both dogs and pet owners derive from going on walks, or hikes, or ski adventures together. This bond transcends the simple acts of care and companionship; it's a profound connection that speaks to something deep within us all. It's a shared look of understanding, a comfort that needs no words, a mutual respect that grows over time. The human-animal bond is a testament to the empathy and kinship we are capable of, a reminder of our intrinsic need to connect with living beings, to give and receive affection, and to find joy in the presence of creatures different from ourselves.
Enjoy the episode, and please share your thoughts in the comments!
The profound emotional and psychological impact of pet ownership often serves as a catalyst for the inception of numerous pet brands. This deep, emotive connection with their pet(s) fosters a unique empathy and understanding of the intricate needs of animals, driving individuals to venture into creating solutions that address health, nutrition, comfort, and emotional well-being of pets globally.
Preventative diagnostics is a critically important component of veterinary care. In the U.S., only 40-50% of pet owners take their pets to the vet once a year. While the costs of vet visits continue to increase, the cost of not taking your pet to the vet regularly can far outweigh the cost of a vet visit.
I had the chance to meet Dr. James Templeman, Director of Nutrition at Primal Pet Foods at SuperZoo this summer, and we had a great chat about the nutritional benefits of raw, freeze-dried, and gently-cooked diets. Adding even a little bit of one of these food forms to your pet's kibble can go a long way towards improving their overall health.
Since SuperZoo, I've made a conscious effort to increase the levels of freeze-dried food in my dog, Peony's diet, and the results have been amazing. Peony was already demonstrating higher energy levels since we put her on Leap Years® in April, but switching her canned topper to a freeze-dried gravy has her running to her bowl again every morning.
While we didn't discuss Peony directly, in this episode, Dr. Templeman and I touched on the reasons more pet parents should consider including at least some minimally processed food in their pet's diet, and how pet parents can provide increased nutritional benefits to their pets, even on a budget.
This episode provides some eye-opening insight about the importance of research-backed data in making informed decisions about pet diets. Enjoy!
From the publisher's feed