Veterinary Software Market By Product (Veterinary Practice Management Software, Veterinary Imaging Software, and Other Software). By Delivery Model (On-Premise Model, and 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, and Exclusive Bovine Practices)

Veterinary Software Market Overview

Some of the primary drivers driving the global market's growth are an increase in companion animal ownership, an increase in expenditure on animal health, and an increase in the necessity for streamlining daily chores in veterinary facilities. Veterinary software goes beyond practice management optimization to meet the needs of veterinary professionals. Offering interfaces to animal clinics and hospitals, maintaining a drug database for veterinary-focused pharmacies to consult, streamlining and assuring industry compliance, and providing tools to promote client engagement are all examples of veterinary software functionalities. 
Several factors, including the incidence of zoonotic illnesses, expanding companion animal ownership, and increased demand for animal health diagnostics and monitoring services, are expected to drive growth in the Veterinary software market over the forecast period. Furthermore, the pet sector has seen exponential expansion throughout the years. According to the surveys, pet or companion animal ownership has increased dramatically among households as a result of cultural changes. Rising veterinarian services due to increased pet ownership are propelling the Veterinary Software Market forward. Additionally, there is a rise in the use of integrated software systems for diagnosis and treatment for more efficient treatment delivery, which is driving product innovation for enhanced practice outcomes. This, together with rising demand for pet insurance and rising animal health expenditure, is likely to drive market growth further. Furthermore, software integration has the ability to minimize labor time and error rates, as well as improve productivity and patient care quality, hence increasing market demand.

Market Size

According to Business Intelligence Insights "Veterinary Software Market is expected to grow from USD 572.8 million  in 2021 to USD 906.1 million by 2027, at a CAGR of 5.9% during the forecast period 2022-2028

Covid -19 Impact Analysis

The rapid spread of the COVID-19 pandemic had a huge impact on the global economy. The introduction of the novel coronavirus severely destroyed numerous enterprises of all sizes. Additionally, the COVID-19 pandemic decimated the healthcare infrastructure of different developed, emerging, and underdeveloped nations, leaving them unable to meet the patients' healthcare needs. Moreover, in order to halt the spread of the infection, governments around the world implemented an industrial shutdown, which caused all industries to shut down or slow down. Veterinary services, on the other hand, are regarded as critical in most places and remained operational even during the lockdown. This has considerably contributed to the sustained use of veterinary software.
Following the release of COVID-19, veterinary practice management software is expected to see increased demand because of the requirement for remote patient monitoring, telehealth solutions, and customized client communication made possible by this software.

Market Dynamics

•    Drivers
o    Increased ownership of companion animals
o    Increased spending on animal health

•    Restraints
o    Inadequate veterinary infrastructure in developing countries
o    Incentives from the government are lacking.

Segmentation Insights

By Product

Practice Management Software category dominated the market with more than 65% of the market share

Veterinarians utilize veterinary practice management software to manage patient information, treatment planning, and scheduling, as well as back-office operations such as bookkeeping. The practice management software is intended to 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.

 

By Delivery Model

On-Premise Solutions category dominated the market with more than 50% of the market share

The advantages of the on-premise delivery model, such as the low risk of a data breach, variable connection bandwidth, and the availability of simple customization choices, account for a major proportion of this market. Furthermore, on-premise veterinarian software enables practitioners to manage all pet and owner-related data on their own devices' databases. This feature eliminates the possibility of unwanted access to this information. 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.

By Product
•    Veterinary Practice Management Software
•    Veterinary Imaging Software
•    Other 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 Region
•    North America
o    U.S.
o    Canada
•    Europe 
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe
•    The Asia Pacific 
o    China
o    India
o    Japan
o    Rest of Asia Pacific
•    Latin America 
o    Brazil
o    Mexico
o    Rest of Latin America
•    The Middle East and Africa 
o    UAE
o    South Africa
o    Rest of the Middle East and Africa (MEA)

Key Players

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).

Regional Insights

North America dominated the market with more than 40% of the market share

The existence of well-established enterprises, advanced healthcare IT infrastructure, and the high spending capacity of pet owners account for the majority of this segment's revenue share. There are numerous prospects for PMS implementation in this region, providing attractive opportunities for investors in this market. The growing number of pet health organizations, such as the World Small Animal Veterinary Association, together with increased pet care expenditure by individuals and governments, is likely to drive market expansion in this region even further

Table

Report Attributes	Details
Market Size Value in 2021	USD 572.8 million
Market Size Value in 2027	USD 906.1 million
Growth Rate	+5.9%
Base Year	2021
Forecast Period	2021-2030
Historical Data	2018-2020
Forecast Units	(USD Million)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Product, By Delivery Model, By Practice Type, By Region
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

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