Increasing companion ownership of animals, increasing spending on animal welfare, increasing product creativity and software integration are driving the demand for the market.
The Global Veterinary Software Market is projected to reach USD 771.6 million in 2027. A major driving force behind the development of this market is an increasing prevalence of zoonotic diseases. The increased prevalence of animal health diagnosis and monitoring services caused demand, which is anticipated to boost market growth during the forecast period.
The increasing implementation of integrated diagnostic and treatment software systems is projected to boost growth in the years ahead. Pet health Information Systems to help researchers develop therapeutic products that enable an analysis of disease prevalence in real time. Another growth propeller for veterinary reference laboratories is the application of these solutions in laboratories.
In addition, zoonotic diseases pose a significant public health burden due to lack of funding and health infrastructure, particularly in tropical areas. A rise in willingness to pay for animal healthcare will drive the adoption over the forecast period of animal health diagnostics and imaging software.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
IDEXX Laboratories, Inc., Hippo Manager Software, Inc., VetZ Limited, Esaote SpA, Henry Schein, Inc., Patterson Companies, Inc., ClienTrax, Onward Systems, Inc., VIA Information Systems and eVetPractice, among others.
Market Segmentation by Types:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Practice Management Software
- Imaging Software
Delivery Mode Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Practice Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Small Animals
- Mixed Animals
- Food-producing Animals
End-Use Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Reference Laboratories
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Veterinary Software market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Further key findings from the report suggest
- The predominant proportion of practical management systems has been the benefits with its use, including maintaining medical records, billing, scheduling appointments and patient follow-up.
- Due to increased investments from veterinary product manufacturers, coupled with the introduction of modern solutions, image software is anticipated to see lucrative CAGR in the following year.
- The most revenue shares in food-producing animals is attributed to increased market demand.
- The increase in the processing of animal foods would lead to substantial reductions in prices and help meet the rising worldwide demand for such food products. Furthermore, animal welfare organizations strive to achieve high food security.
- Due to the increasing number of animal owners in this area, the veterinary software market in North America is dominant.
- In June 2020, a leading provider of animal health technology solutions for pets, the Trupanion and the Vetter Software has today announced an association between the cloud-based veterinary practice management software of Vetter Software and Trupanion’s proprietary patented software that enables direct payment on check-out for the veterinarian.
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