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The Veterinary Software Market Size was valued at USD 1.30 Billion in 2023 and is expected to reach USD 3.79 Billion by 2032 and grow at a CAGR of 13.29% over the forecast period 2024-2032.
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 is 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.
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.
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.
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 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 favorable 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 labeling, 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.
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
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.
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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
Some of the major key players are 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.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.30 billion |
| Market Size by 2032 | US$ 3.79 billion |
| CAGR | CAGR of 13.29% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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 |
Ans: The Veterinary Software Market size was valued at US$ 1.30 billion in 2023.
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.
Ans: The Veterinary Software Market is to grow at a CAGR of 13.29% over the forecast period 2024-2032.
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- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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