Veterinary Software Market Expected to Reach $906.1 Million by 2030 | Business Intelligence Insights (BII)

Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-01-04  

     

Market Scope of Veterinary Software Market

The Global Veterinary Software Market was valued at USD 572.8 million in 2021 and is predicted to increase at a CAGR of 5.9% to USD 906.1 million by 2030. Rising companion animal ownership and the need for pet insurance, together with rising animal health expenditure, are likely to drive the veterinary software industry. Veterinarians use veterinary software to streamline daily operations and complete back-office activities including accounting. It aids in the management of patient information, the planning and scheduling of treatments, and the improvement of communication and client relationships. Advanced veterinary practice management software is being used at veterinary hospitals, while scaled-down versions are used in small clinics.

The increased prevalence of zoonotic illnesses, as well as the increasing demand for animal health diagnostics, are among the important drivers driving market expansion. Veterinary software keeps drug databases up to date, increases efficiency, and saves time. As a result, a large increase in the demand for managing daily tasks in animal clinics and hospitals is fuelling market expansion. Additionally, the increasing adoption of technologically advanced software, such as cloud-based practice management systems, which give solutions for all operations in a single platform, is propelling market expansion. This advanced software aids in the monitoring of business profitability, the storage of diagnostic pictures, the integration of patient data and performance tracking, the ordering of drug inventory, and the access of data from a portable device. It is a low-cost software solution for pet health practices that can be remotely shared with other veterinarians for purposes such as dual treatments, consultations, and training. It is giving better care to animals, which is driving the market growth. Other factors such as increased availability of pet insurance, rising pet population, rising animal healthcare spending, increasing demand for animal-derived food items, and an increase in the number of veterinary practitioners are expected to provide a positive outlook for the industry.

Key Highlights of the Report

  • Due to rising customer demand and the low cost of these systems, practice management software will account for more than 65.0 percent of total revenue in 2021. These systems assist practitioners in supporting and recording various standards of care protocols, and healthcare recommendations, keeping track of the patient's health with invoicing and billing, resource management, inventory tracking, and overall treatment procedure management. Such PMS benefits are expected to propel segment expansion during the predicted period. PMS contributes to enhancing animal health care by providing effective workflow management solutions in veterinary care facilities.
  • On-premise solutions will dominate the whole industry in 2021, with a revenue share of more than 50.0 percent because of their low cost and extensive availability. The cost of these platforms, however, is higher because it includes the cost of the complete system as well as the hardware and software bundle. This is projected to be a barrier to the growth of on-premise services. Because of the related benefits, the cloud/web-based solutions market is expected to grow at a profitable CAGR throughout the projection period. Users can access health information remotely, and these solutions help to reduce the risk of information misuse.
  • North America is predicted to develop the fastest market during the forecast period, owing to the rising demand for high-quality pet care. This, in turn, encourages veterinarian clinics to use technology solutions for improved diagnoses, such as digital imaging devices and veterinary practice management software. Other major causes include increased awareness of veterinary software and the ease with which veterinary software and services are available in this region. This is due to the fact that the majority of vendors in this industry have operations in North America. The growing number of veterinarians is also a major driver of the North American veterinary software market.
  • The report contains qualitative and quantitative research on the global Veterinary Software Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

List of Key Players in the Global Veterinary Software Market:

  • Henry Schein, Inc. (US)
  • IDEXX Laboratories, Inc. (US)
  • Patterson Companies, Inc. (US)
  • Vetter Software, Inc. (US)
  • Animal Intelligence Software, Inc. (US)
  • Timeless Veterinary Systems, Inc. (Canada)
  • Britton's Wise Computer, Inc. (US)
  • ezyVet Limited (New Zealand)
  • FirmCloud Corporation (US)
  • OR Technology (Oehm Und Rehbein GmbH) (Germany)
  • VIA Information Systems (US)
  • Hippo Manager Software, Inc. (US)
  • Finnish Net Solutions (Finland)
  • Carestream Health (Canada)
  • ClienTrax (US).

Segmentation

By Product

  • Veterinary Practice Management Software
  • Veterinary Imaging Software
  • Other Software

By Delivery Model

  • On-Premise Model
  • Web-Based/Cloud-Based Model

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 Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
  • The Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • The Middle East & Africa
  • UAE
  • South Africa
  • Rest of Middle East & Africa(MEA)


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