The veterinary practice management software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Veterinary Practice Management Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The veterinary practice management software market size has grown strongly in recent years. It will grow from $0.35 billion in 2023 to $0.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to the incidence of zoonotic illnesses, the expansion of companion animal ownership, the increased spending capacity of pet owners, the rise in the need for telemedicine and remote services, and the and the rise in software applications in the veterinary healthcare industry.
The veterinary practice management software market size is expected to see strong growth in the next few years. It will grow to $0.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing pet ownership, rising awareness regarding animal health, a growing number of farm animals, a rising number of veterinary hospitals, and rising demand for pet insurance. Major trends in the forecast period include technological advancements, artificial intelligence (AI) and machine learning, cloud-based solutions, the expansion of telemedicine services, and integration with wearable technology.
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Scope Of Veterinary Practice Management Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Veterinary Practice Management Software Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the veterinary practice management software market are focused on developing next-generation innovative solutions, such as pet owner engagement software, to improve communication and interactions with veterinary clients. Pet owner engagement software is a solution that seamlessly integrates veterinarian clinics and clients using up-to-date digital tools to effectively interact with pet owners in a single, user-friendly interface. For instance, in February 2024, IDEXX Laboratories, Inc., a US-based company specializing in developing, manufacturing, and distributing products and services for companion animal veterinarians, launched Vello. This appointment scheduling system enables veterinarians to connect with pet owners. It offers automated appointment reminders and confirmations, reducing no-shows and saving time for veterinary teams. Initial Vello users reported an average 19% reduction in no-show rates. It has an online scheduling tool that allows pet owners to easily schedule appointments straight from health service reminders or the Vello software. It provides convenient access to pet health records, appointment information, prescription history, and test results via a mobile web browser, eliminating the need to download an app.
The veterinary practice management software market covered in this report is segmented –
1) By Product: Appointment Scheduling Software, Electronic Medical Records, Integrated Veterinary Practice Solutions, Inventory Management, Medical Billing Software
2) By Deployment: On-Cloud, On-Premise
3) By Practice Type: Companion Animals, Mixed Animal, Food Producing, Equine, Other Practice Types
4) By End-User: Veterinary Hospitals, Veterinary Referral And Specialty Practices, Ambulatory Veterinary Services, Veterinary Clinics
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Regional Insights –
North America was the largest region in the veterinary practice management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary practice management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the veterinary practice management software market are Patterson Companies Inc., Covetrus Inc., IDEXX Laboratories Inc., Chetu Inc. , Hippo Manager Veterinary Software Inc., Timeless Veterinary Systems International Limited, StringSoft, Vetstoria, ClienTrax , Provet Cloud, Shepherd Veterinary Software LLC, SpecVet LLC, VetlinkPRO, VetBadger, Vetspire LLC, VetEnvoy, Animal Intelligence Software, Advanced Technology Corp., DaySmart Software, VETport LLC, NaVetor, VetBlue, VETbuddy
Table of Contents
1. Executive Summary
2. Veterinary Practice Management Software Market Characteristics
3. Veterinary Practice Management Software Market Trends And Strategies
4. Veterinary Practice Management Software Market – Macro Economic Scenario
5. Global Veterinary Practice Management Software Market Size and Growth
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32. Global Veterinary Practice Management Software Market Competitive Benchmarking
33. Global Veterinary Practice Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Veterinary Practice Management Software Market
35. Veterinary Practice Management Software Market Future Outlook and Potential Analysis
36. Appendix
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