Overview and Scope
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.
Sizing and Forecast
The veterinary software market size has grown strongly in recent years. It will grow from $0.92 billion in 2023 to $0.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. 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 strong growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. 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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Segmentation & Regional Insights
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/Web-based
5) By End User: Hospitals/Clinics, Reference Laboratories
North America was the largest region in the veterinary software market in 2023. 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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Major Driver Impacting Market Growth
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, according to the report published by Finmasters 2022, a Romania-based media company, 2 out of 3 American households have pets which equals to 90.5 million houses in 2021, and Americans spent $124 billion on pets overall in 2021 which is 17% rise from the previous year. Such an increase in health spending is expected to boost the veterinary software market during the forecast period.
Key Industry Players
Major companies operating in the veterinary software market report are 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
The veterinary software market report table of contents includes:
1. Executive Summary
2. Veterinary Software Market Characteristics
3. Veterinary Software Market Trends And Strategies
4. Veterinary Software Market – Macro Economic Scenario
5. Global Veterinary Software Market Size and Growth
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32. Global Veterinary Software Market Competitive Benchmarking
33. Global Veterinary Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Veterinary Software Market
35. Veterinary Software Market Future Outlook and Potential Analysis
36. Appendix
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