The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
“The global veterinary software market projected to grow at a CAGR of 6.1%.”
The global veterinary software market is expected to reach USD 594.3 million by 2022 from USD 442.5 million in 2017, at a CAGR of 6.1%. This market is experiencing significant growth due to the rising companion animal ownership and demand for pet insurance, growing animal health expenditure, and growing product innovation and software integration. On the other hand, lack of government incentives for the adoption of veterinary software, reluctance of veterinarians towards adopting new technologies, and lack of awareness about veterinary software in the developing countries are restricting the growth of this market.
“The practice management software segment is expected to grow at the highest CAGR during the forecast period.”
Based on product, the market is segmented into practice management software, veterinary imaging software, and other software. The practice management software segment is projected to register the highest CAGR during the forecast period. Veterinary practice management software helps veterinarians in appointment management, billing & invoicing, boarding management, maintaining patient records, prescription labeling, and treatment management. This software reduces the possibilities of error and the overall cost of a veterinary healthcare facility. Such factors are likely to drive the market for veterinary practice management software.
“The exclusive small animal practices segment is expected to dominate the market during the forecast period.”
Based on practice type, the market is segmented into exclusive small animal practices, mixed animal practices, and exclusive large animal practices. The exclusive small animal practices segment held the largest share of the veterinary software market in 2017. It is projected to register the highest growth during the forecast period due to the increasing number of small pet owners and rising annual spending on pet care in developed countries.
“North America to witness the highest growth during the forecast period.”
In 2017, North America accounted for the largest share of the market followed by Europe. North America is also expected to register the highest CAGR during the forecast period. This can be attributed to factors such as the growing demand for quality pet care, increasing number of veterinarians, and growing awareness about veterinary software and the easy availability of veterinary software and services in this region.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 – 30%; Tier 2 - 42%; Tier 3 - 28%
- By Designation: C-level- 25%; D-level- 45%; Others- 30%
- By Region: North America-48%; Europe-29%; Asia Pacific-19%; Rest of the World-4%
List of companies profiled in the report
• Henry Schein (US)
• IDEXX Laboratories (US)
• Patterson Companies (US)
• Vetter Software (US)
• Animal Intelligence Software (US)
• Timeless Veterinary Systems (Canada)
• Britton’s Wise Computer (US)
• ezyVet Limited (New Zealand)
• FirmCloud Corporation (US)
• MedaNext, (US)
• OR Technology (Oehm Und Rehbein GmbH) (Germany)
• VIA Information Systems (US)
• Hippo Manager Software (US)
• Finnish Net Solutions (Finland)
• Carestream (Canada)
• ClienTrax (US)
The report provides an overview of the veterinary software market. It aims at estimating the market size and future growth potential of this market across different segments such as product, delivery model, practice type, type, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall veterinary software market and its subsegments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies. The report also will also help stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.