The Business Research Company’s report on the Veterinary Software Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the veterinary software market in recent years?
The surge in spending on animal health is expected to propel the growth of the veterinary software market. Pet owners across the globe are considering their pets as part of their family and are spending equally on their health. The increase in animal spending and the growing number of pets are allowing hospitals and clinics to spend more on veterinary software to provide a seamless and customer-friendly experience. For instance, in October 2023, according to the UK-based report RSPCA’s animal kindness index for 2023 shows that 81% of pet owners were worried about the increased costs of pet care. Up from 68% in 2022 .Such an increase in health spending is expected to boost the veterinary software market during the forecast period.
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What is the projected market size of the veterinary software industry, and how is it expected to grow?
The veterinary software market size has grown steadily in recent years. It will grow from $0.95 billion in 2024 to $1 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to increase in pet ownership, regulatory compliance needs, enhanced patient care, integration with laboratory services, business management efficiency.
The veterinary software market size is expected to see rapid growth in the next few years. It will grow to $1.46 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to telemedicine adoption, focus on preventive care, increased data analytics use, interoperability and integration, expansion of specialty services. Major trends in the forecast period include electronic health records (EHR) for animals, remote monitoring of animal health, inventory management for veterinary clinics, client communication and education platforms, compliance with veterinary regulations.
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Who are the key players driving competition in the veterinary software market?
Major companies operating in the veterinary software market include Henry Schein Inc., Zoetis, Patterson Companies Inc., Covetrus Inc., IDEXX Laboratories Inc., Carestream Health Inc., 2i Nova, MWI Animal Health, Sure Petcare, Ezyvet Ltd., Hippo Manager Software Inc., Timeless Veterinary Systems, Petabyte Technology, ImproMed, Finnish Net Solutions Oy, Clientrax, Business Infusions, Vetspire, Firmcloud Corporation, OR Technology, Vetter Software Inc., Animal Intelligence Software Inc., VetZ Limited, Via Information System, VetVision, Quantified Veterinary Care, GalaxyVet, Animal Practice Management Solutions, Masterpiece Veterinary
What key trends are expected to drive the veterinary services market during the forecast period?
Technological advancements are a key trend gaining popularity in the veterinary software market. The companies operating in the veterinary software market are focusing on developing innovative products with advanced technologies to increase the operational capabilities of entities operating in the veterinary care sector. For instance, in January 2022, Covetrus Inc., a US-based provider of animal health products and related services, launched Covetrus Pulse, an innovative cloud-based veterinary operating system. Covetrus Pulse creates, renews, and approves the prescriptions; personalizes dashboards; customizes them with preferred third-party apps; and communicates with co-workers and clients through a central operating system. All of this information is stored in the cloud, through which data can be retrieved as and when required.
Which key geographies are driving the growth of the veterinary software market?
North America was the largest region in the veterinary software market in 2024. The regions covered in the veterinary software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the veterinary software market?
The veterinary software market covered in this report is segmented –
1) By Product Type: Veterinary Practice Management Software, Veterinary Imaging Software, Other Product Types
2) By Type: Integrated Software, Stand-Alone Software
3) By Practice Type: Exclusive Small Animal Practices, Mixed Animal Practices, Exclusive Large Animal Practices
4) By Delivery Mode: On-Premise, Cloud Or Web-Based
5) By End User: Hospitals Or Clinics, Reference Laboratories
Subsegments:
1) By Veterinary Practice Management Software: Appointment Scheduling, Billing And Invoicing, Client Communication Tools, Electronic Medical Records (EMR), Inventory Management
2) By Veterinary Imaging Software: Radiology Software, Ultrasound Imaging Software, CT And MRI Imaging Software, Image Analysis And Storage Solutions
3) By Other Product Types: Laboratory Information Management Systems (LIMS), Telemedicine Software, Client Management And marketing Tools, Inventory And Supply Chain Management Software
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How is the veterinary software market defined?
The veterinary software refers to software tools designed to assist veterinary practices, pet care clinics, specialists, and independent practices in managing their day-to-day operations. This software features basic tools such as electronic medical records, staff management, appointment scheduling, schedule coordination, and others. This software also reduces paperwork and offers more convenience and insights from historic data to manage the veterinary business.
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