NEW
YORK, June 26, 2024 /PRNewswire/ -- The
global veterinary software market size is estimated to
grow by USD 164.9 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 5.41% during the forecast
period. Rising pet population is driving market
growth, with a trend towards rising awareness about
disease prevention and pet insurance. However, shortage of
veterinary clinics in developing countries poses a challenge.
Key market players include Animal Intelligence Software Inc.,
Brittons Wise Computer Inc., Carestream Health Inc., ClienTrax,
DaySmart Software, Esaote Spa, FirmCloud Corp., Henry Schein Inc.,
Heska Corp., Hippo Manager Software Inc., IDEXX LABORATORIES INC.,
Nordhealth AS, Oehm und Rehbein GmbH, Onward Systems Inc., Petabyte
Technology Inc., Timeless Veterinary Systems Inc., VETport LLC,
Vetspire LLC, VIA Information Systems, and Vitus Animal Health
Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Practice
management software and Imaging software), Deployment (On-premise
and Cloud-based), and Geography (North America, Europe, APAC,
Middle East and Africa, and South America)
|
Region
Covered
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Key companies
profiled
|
Animal Intelligence
Software Inc., Brittons Wise Computer Inc., Carestream Health Inc.,
ClienTrax, DaySmart Software, Esaote Spa, FirmCloud Corp., Henry
Schein Inc., Heska Corp., Hippo Manager Software Inc., IDEXX
LABORATORIES INC., Nordhealth AS, Oehm und Rehbein GmbH, Onward
Systems Inc., Petabyte Technology Inc., Timeless Veterinary Systems
Inc., VETport LLC, Vetspire LLC, VIA Information Systems, and Vitus
Animal Health Inc.
|
Key Market Trends Fueling Growth
The veterinary software market is experiencing significant
growth due to the rising demand for animal health diagnostics and
preventive healthcare. Pet owners are prioritizing their pets'
wellbeing, leading to increased veterinary visits and vaccinations.
This trend is fueled by heightened awareness of various animal
diseases and the availability of pet insurance. Veterinary software
plays a crucial role in managing animal data, enabling veterinary
professionals to focus on delivering effective animal-centered
services.
The animal healthcare industry is rapidly embracing technology,
with veterinary software becoming a trending solution for practice
management. These software systems enable efficient delivery of
veterinary services, offering features like appointment scheduling,
patient record management, billing, and inventory control. Delivery
of veterinary services is crucial, and software solutions help
streamline processes, ensuring optimal patient care. Models and
practices adopt these systems for improved productivity and
enhanced client experience. The market for veterinary software is
expanding, with companies developing innovative features to cater
to the evolving needs of the industry.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The veterinary software market in APAC faces challenges due to
insufficient regulations and resources for pet care. Countries like
India, Sri Lanka, China, Indonesia, and the
Philippines lack adequate veterinary clinics and services,
hindering market expansion. The scarcity of regulatory bodies and
organizations in these regions prioritizes the safety of endangered
species over domestic pets. For instance, Haryana, India's significant livestock rearing state,
experiences a shortage of veterinary surgeons. Consequently, the
absence of well-established veterinary facilities in developing
countries poses a significant obstacle to the growth of the
veterinary software market during the forecast period.
- The veterinary software market faces several challenges in
delivering optimal solutions for animal healthcare providers. These
include the need for conditional reporting and integration with
various clinical instruments. Additionally, software must be
user-friendly and adaptable to different practice sizes and
specialties. Data security and compliance with regulations such as
HIPAA are also significant concerns. Furthermore, software should
offer efficient inventory management and enable seamless
communication between staff members and clients. Lastly, the
ability to handle telemedicine and remote patient monitoring is
becoming increasingly important. Addressing these challenges
requires continuous innovation and collaboration between software
developers and veterinary professionals.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This veterinary software market report extensively covers market
segmentation by
- Product
- 1.1 Practice management software
- 1.2 Imaging software
- Deployment
- 2.1 On-premise
- 2.2 Cloud-based
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Practice management software- The veterinary
software market experienced significant growth in 2023, with
practice management software (PMS) leading the revenue share. PMS
streamlines workflows, documents care protocols, monitors patient
health, and manages resources in veterinary practices. New
features, such as direct access to lab results and integration of
all clinic processes, enhance efficiency and reduce medical errors.
These advantages are expected to fuel segment growth and boost the
overall market expansion during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The veterinary software market caters to the unique needs of
hospitals and clinics in the animal healthcare sector. These
solutions enable effective practice management, including billing
and invoicing, resource management, and inventory control. They
also facilitate the implementation of health guidelines for
companion animal ownership and pet insurance. Veterinary software
plays a crucial role in managing animal health expenditure and
streamlining veterinarian operations. Furthermore, advanced
veterinary software includes veterinary imaging software, enhancing
the quality of pet care through digital imaging systems. These
systems contribute significantly to the veterinary industry's
overall growth and efficiency.
Market Research Overview
The Veterinary Software Market encompasses a range of solutions
designed to assist veterinary practices in managing their
operations more efficiently. These software solutions include
practice management systems, electronic health records, veterinary
billing software, and animal clinic management systems. They offer
features such as appointment scheduling, inventory management,
patient record keeping, and billing and invoicing capabilities. The
market is driven by the increasing demand for digitalization in the
veterinary industry, the need for streamlined operations, and the
growing trend towards telemedicine and remote consultations. The
software solutions also help veterinary practices comply with
regulatory requirements and improve patient care through
data-driven insights.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Practice Management Software
- Imaging Software
- Deployment
-
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio