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What is the current size and annual growth rate of the veterinary practice management software market?
The veterinary practice management software market size has grown strongly in recent years. It will grow from $0.37 billion in 2024 to $0.4 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. 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 $0.54 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. 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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Which major factors have contributed to the expansion of the veterinary practice management software market?
The increasing pet ownership is expected to propel the growth of the veterinary practice management software market going forward. Pet ownership is the act of owning and caring for a domesticated animal that is kept primarily for companionship and entertainment. Pet ownership is in demand due to companionship and emotional support, social media influence, and pet-friendly policies. Veterinary practice management software manages complicated clinic operations, satisfying pet owners’ expectations for high-quality care with streamlined record administration and communication capabilities. For instance, in April 2024, according to the American Pet Products Association, a US-based non-profit association, in 2023, 86.9 million US households owned a pet, which accounts for 66% as compared to 62% in 2022. Therefore, increasing pet ownership is driving the growth of the veterinary practice management software market.
How is the veterinary practice management software market segmented?
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
Subsegments:
1) By Appointment Scheduling Software: Online Appointment Booking, Automated Reminders, Calendar Management, Client Notifications, Staff Scheduling
2) By Electronic Medical Records (EMR): Patient History Management, Medical Imaging Integration, Treatment Tracking, Clinical Data Storage, E-Prescribing
3) By Integrated Veterinary Practice Solutions: All-In-One Management Systems, Practice Management Software With Integrated EMR, Veterinary Practice Analytics, CRM And Client Communication, Veterinary Workflow Automation
4) By Inventory Management: Stock Tracking And Monitoring, Supply Ordering And Replenishment, Drug Inventory Management, Expiry Tracking, Vendor Management
5) By Medical Billing Software: Insurance Billing And Claims, Payment Processing, Invoicing And Statement Generation, Billing Codes And Compliance Management, Revenue Cycle Management
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Who are the top competitors in the veterinary practice management software market?
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
Which key trends are expected to influence the veterinary practice management software market in the coming years?
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.
Which regional trends are influencing the veterinary practice management software market, and which area dominates the industry?
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.
What Does The Veterinary Practice Management Software Market Report 2025 Offer?
The veterinary practice management software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Veterinarian practice management software is a type of software that is specifically developed to streamline and improve several administrative and clinical operations within a veterinarian office, improving communication with customers and, ultimately, providing better care to vets. The main objective is to help veterinarians, veterinary technicians, and administrative personnel manage the essential aspects of running a veterinary clinic or hospital.
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