Veterinary Software Global Market Report 2022

Veterinary Software Global Market Report 2022

  • June 2022 •
  • 175 pages •
  • Report ID: 6284373 •
  • Format: PDF
Major players in the veterinary software market are Animal Intelligence Software, Inc, Carestream Health, Inc, Clientrax, Ezyvet Ltd, Finnish Net Solutions Oy, Firmcloud Corporation, Henry Schein, Inc, Hippo Manager Software Inc, IDEXX Laboratories, Inc, OR Technology, Patterson Companies Inc, Timeless Veterinary Systems, Vetter Software, Inc, Via Information System, VetZ Limited, Covetrus, Inc, Vetspire — Fgspire, Inc, MWI Animal Health, Petabyte Technology, and Three Plus Group Oy.

The global veterinary software market is expected to grow from $0.81 billion in 2021 to $0.89 billion in 2022 at a compound annual growth rate (CAGR) of 9.60%. The veterinary software market is expected to reach $1.14 billion in 2026 at a CAGR of 6.44%.

The veterinary software market consists of sales of veterinary software solutions by entities (organizations, sole traders, and partnerships) that refer to software tools designed to assist veterinary practices, pet care clinics, specialists and independent practices, in managing their day-to-day operations.These software’s feature 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.

The main types of veterinary software are veterinary practice management software, veterinary imaging software, other product types.The veterinary practice management software is an internet tool that aids a veterinary clinic’s or hospital’s day-to-day operations.

They are divided into various types such as integrated software, stand-alone software and practiced in various ways such as exclusive small animal practices, mixed animal practices, exclusive large animal practices. The delivery modes are on-premise, cloud/web-based used by hospitals/clinics, reference laboratories.

North America was the largest region in the veterinary software market in 2021. The regions covered in the veterinary software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The surge in spending on animal health is expected to propel the growth of the veterinary software market.The pet owners across the globe are considering their pets as part of their family and spending equally on their health.

The increase in animal spending and growing number of pets are allowing hospitals and clinics to spend more on the veterinary software to provide seamless and customer-friendly experience.For instance, according to AAHA, American Animal Hospital Association, in 2019, the average spending on a pet was estimated to be USD 140 per month that contributed to 55 percent on food and 24 percent on veterinary care and pet insurance.

Such increase in health spending is expected to boost veterinary software market during 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 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.

In June 2021, IDEXX Laboratories Inc, a US-based provider of veterinary diagnostics and software, has acquired ezyVet, for an undisclosed amount. Through this acquisition, IDEXX Laboratories strengthens its cloud-based PIMS options for veterinary hospitals, universities, and corporate groups for covering the needs of both specialty clinics and general practice. ezyVet is a New Zealand-based developer of next generation in cloud-based veterinary practice management software.

The countries covered in the veterinary software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.