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Veterinary Software Market Share, Business Growth Statistics, Key Trends, Market Insights, And Forecast To 2032
Veterinary Software Market Analysis
The Business Research Company's Veterinary Software Global Market Report 2023 identifies surge in spending on animal health as the major driver for the veterinary software market's growth in the forecast period. 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.
The global veterinary software market size will grow from $0.89 billion in 2022 to $0.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the veterinary software is expected to grow to $1.26 billion in 2027 at a CAGR of 7.2%.
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Major competitors 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.
A key trend in the veterinary software market includes technological advancement. 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; personalises dashboards; customises 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.
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The veterinary software market 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the veterinary software market.
The Business Research Company's "Global Veterinary Software Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Veterinary Software Market Include:
1. Executive Summary
2. Veterinary Software Market Characteristics
3. Veterinary Software Market Trends And Strategies
4. Veterinary Software Market - Macro Economic Scenario
5. Veterinary Software Market Size And Growth
…….
26. Africa Veterinary Software Market
27. Veterinary Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Veterinary Software Market
29. Veterinary Software Market Future Outlook and Potential Analysis
30. Appendix
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