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Veterinary Software Market

Veterinary Software Market Size, Share & Segment By Product (Veterinary Practice Management Software, Veterinary Imaging Software), By Delivery Model (On-Premise Model, Web-Based/Cloud-Based Model), By Practice Type (Exclusive Small Animal Practices, Mixed Animal Practices, Predominantly Small Animal Practices, Predominantly Large Animal Practices, Exclusive Large Animal Practices, Exclusive Equine Practices, Exclusive Bovine Practices), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/2197 | July 2022 | Region: Global | 134 Pages

Report Scope & Overview:

The Veterinary Software Market Size was valued at USD 621 million in 2021, and is expected to reach USD 1129 million by 2028, and grow at a CAGR of 8.9% over the forecast period 2022-2028.

Veterinary software is a term used to describe a software program used to identify, treat, and prevent animal disease. A software program like this one organizes patient data, scheduling, and treatment planning. Veterinary software assists the veterinary healthcare sector in managing daily responsibilities associated with an animal clinic that are unrelated to the practice of medicine, such as patient and client information capture, billing duties, appointment scheduling, client contact, and report creation. Such a system is intended to give customers a better veterinary experience, and the software is proving to be helpful for veterinarians, nurses, and technicians to administer treatments effectively.

Veterinary Software Market

A number of factors, including the incidence of zoonotic illnesses, an increase in pet ownership, and a rise in the demand for animal health diagnostics and monitoring services, are expected to contribute to the market for veterinary software expanding significantly during the forecast period. In addition, the pet business has expanded rapidly over time. As a result of cultural shifts, reports claim that households now own more pets or companion animals than they did previously. Growing pet ownership and increased veterinarian services are driving the Veterinary Software Industry's market expansion.

MARKET DYNAMICS

DRIVERS

  • More people owning pets as pets

  • Growth for New Products and Integration of Improved Clinical Outcomes

  • Increasing Cost of Animal Health and Increasing Demand for Pets Insurance

  • Consolidation of the Animal Health Industry is Growing

RESTRAINTS

  • Insufficient government incentives

  • The absence of knowledge about veterinary software in developing nations

OPPORTUNITIES

  • Web and cloud-based models

  • The Role of Education and Training in Emerging Economic Entry

CHALLENGES

  • Meeting Region-Specific Software Function Requirements

  • Indifference toward Using New Technologies

  • Veterinarians are in short supply in developing nations.

IMPACT OF COVID-19

The pandemic's initial cases were not very concerning, but the subsequent increase in cases, infection rate, and mortality rate, which formed part of the projected period for examining the growth of the veterinary software industry, caused a commotion and devastation. One of the biggest problems was that nobody anticipated the pandemic to take the course it did. The increasing number of infections and fatalities was sufficient to cause a shift in people's dietary habits. In addition, bans were imposed on governments around the world, resulting in severe shortages of ready-to-produce equipment, followed by shortages of workers that would affect market demand and supply chains during the speculative period.

The limits on the closure and operation of the veterinary software market are being relaxed in order to assist the market in getting back to working as there is a growing need to restore normalcy and for firms to cover losses and create in accordance with the general demand. Additionally, there has been a significant amount of funding and investment made in research and development projects that will aid in bringing these items to a wider audience globally and, as a result, help in creating a favourable attitude and demand for the market's goods and services.

By Product

veterinary imaging software, Practice management software, and miscellaneous software are the three categories into which the worldwide veterinary software market is divided. The category for veterinary practice management software is anticipated to experience the greatest CAGR throughout the forecast period. Veterinarians can handle appointments, billing and invoicing, boarding, patient records, medication labelling, and treatment plans with the aid of veterinary practice management software. This software lowers the potential for error and the overall expense of a veterinary healthcare institution. These elements will probably propel the veterinary practice management software market.

By Delivery Model

On-premise and web-based/cloud-based models make up the two main segments of the global veterinary software industry. According to estimates, the worldwide veterinary software industry is dominated by the on-premise model sector. The on-premise delivery model's benefits, such as its minimal risk of data breach, adaptable connection bandwidth, and accessibility of simple customization options, can be credited with the huge proportion of this market.

By Practice Type

Exclusive big animal practices, mixed animal practices, and exclusive small animal practices make up the three segments of the veterinary software market. The category dedicated solely to small animal practices is anticipated to have the highest CAGR during the projection period. The strong growth in this market can be due to the rise in small pet ownership and annual pet care spending in industrialized nations.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Animal Intelligence Software, inc., Vetter Software, inc., Clientrax, Three Plus Group oy, Covetrus, inc., Petabyte Technology, Idexx Laboratories, inc., Patterson Companies inc., Timeless Veterinary Systems, Mwi Animal Health, Hippo Manager Software inc., Vetspire — Fgspire, inc., and other players.

MARKET SEGMENTS:

By Product

  • Veterinary Practice Management Software

  • Veterinary Imaging Software

By Delivery Model

  • On-Premise Model

  • Web-Based/Cloud-Based Model

By Practice Type

  • Exclusive Small Animal Practices

  • Mixed Animal Practices

  • Predominantly Small Animal Practices

  • Predominantly Large Animal Practices

  • Exclusive Large Animal Practices

  • Exclusive Equine Practices

  • Exclusive Bovine Practices

Veterinary Software Market

REGIONAL ANALYSIS

Due to the presence of major important players like Clien Trax, Cove trus, and Idexx Laboratories operating in the region, North America held the largest market share for veterinary software. This increase is largely attributable to the region. Additionally, significant ICT investment and early adoption of cutting-edge technology throughout the healthcare sector in this region are the main drivers of market expansion.

REGIONAL COVERAGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Veterinary Software Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 621 Million
Market Size by 2028 US$ 1129 Million
CAGR CAGR of 8.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Veterinary Practice Management Software, Veterinary Imaging Software)
• By Delivery Model (On-Premise Model, Web-Based/Cloud-Based Model)
• By Practice Type (Exclusive Small Animal Practices, Mixed Animal Practices, Predominantly Small Animal Practices, Predominantly Large Animal Practices, Exclusive Large Animal Practices, Exclusive Equine Practices, Exclusive Bovine Practices)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Animal Intelligence Software, inc., Vetter Software, inc., Clientrax, Three Plus Group oy, Covetrus, inc., Petabyte Technology, Idexx Laboratories, inc., Patterson Companies inc., Timeless Veterinary Systems, Mwi Animal Health, Hippo Manager Software inc., Vetspire — Fgspire, inc., and other players.
Key Drivers • More people owning pets as pets
• Growth for New Products and Integration of Improved Clinical Outcomes
• Increasing Cost of Animal Health and Increasing Demand for Pets Insurance
Restraints • Insufficient government incentives
• The absence of knowledge about veterinary software in developing nations


Frequently Asked Questions (FAQ) :

 The category dedicated solely to small animal practices is anticipated to have the highest CAGR during the projection period

 North America held the largest market share for veterinary software. This increase is largely attributable to the region.

 Veterinary Software Market is divided into five segments By Product, By Delivery Model, and By Practice Type

 Insufficient government incentives, and the absence of knowledge about veterinary software in developing nations are the restraints of Veterinary Software Market.

The forecast period of Veterinary Software market is 2022 to 2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Veterinary Software Market Segmentation, By Product

8.1 Veterinary Practice Management Software

8.2 Veterinary Imaging Software

 

9. Veterinary Software Market Segmentation, By Delivery Model

9.1 On-Premise Model

9.2 Web-Based/Cloud-Based Model

 

10. Veterinary Software Market Segmentation, By Practice Type

10.1 Exclusive Small Animal Practices

10.2 Mixed Animal Practices

10.3 Predominantly Small Animal Practices

10.4 Predominantly Large Animal Practices

10.5 Exclusive Large Animal Practices

10.6 Exclusive Equine Practices

10.7 Exclusive Bovine Practices

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 Animal Intelligence Software

              12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Vetter Software, inc.

12.3 Clientrax

12.4 Three Plus Group oy

12.5 Covetrus, inc.

12.6 Petabyte Technology

12.7 Idexx Laboratories, inc.

12.8 Patterson Companies inc.

12.9 Timeless Veterinary Systems

12.10 Mwi Animal Health

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

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Secondary Research

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