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Veterinary Practice Management Software Market worth $603.64 million by 2030, growing at a CAGR of 6.56% - Exclusive Report by 360iResearch
Veterinary Practice Management Software Market | 360iResearch
The Global Veterinary Practice Management Software Market to grow from USD 362.84 million in 2022 to USD 603.64 million by 2030, at a CAGR of 6.56%.
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Veterinary practice management software aids in handling the day-to-day operations of a veterinary practice, including scheduling appointments, pet vaccinations, and genetic disease management. VPMS is used to streamline tasks, reduce redundant processes, and produce insightful business and operational reports in veterinary clinics and hospitals, which help in making better business decisions. The continuous digitization of veterinary care activities worldwide enables rapid adoption of veterinary practice management software (VPMS), allowing for maintaining animal health records, including data associated with disease prediction, prevention, monitoring, diagnosis, and treatment. In addition, the rise in the number of zoonotic and chronic diseases in pets and livestock increases the need for efficient and comprehensive veterinary practice management software. However, technical limitations such as data migration from legacy systems, data privacy and security breaches, and glitches after software updates impeded the adoption of veterinary practice management software (VPMS). Nevertheless, the technological advancements in VPMS with AI and ML and the adoption of VPMS to streamline pet insurance activities are generating prospects for the growth of VPMS.
The global veterinary practice management software market is experiencing significant growth across various regions, including North America, Europe, Middle East & Africa (EMEA), and Asia-Pacific. In the United States and Canada, numerous start-ups are developing advanced technological solutions for veterinary practice management due to the high demand for innovation. Initiatives are being implemented to improve veterinary service quality by integrating advanced technologies such as telemedicine, mobile applications, and real-time reporting. European Union veterinary practices are increasingly adopting cloud-based software solutions due to heightened awareness of digital benefits and strict data protection regulations. The EMEA region faces an ongoing need for more efficient veterinary clinic workflows as a result of population growth and rising pet ownership rates. The Asia-Pacific market offers immense growth opportunities for veterinary practice management software adoption due to its vast animal healthcare industry. Factors contributing to this growth include rapidly increasing pet ownership rates in metropolitan areas, rising consumer awareness about animal health issues, and supportive government policies promoting research in animal healthcare. High levels of investment have been observed in China and India from both domestic and international players seeking market expansion. International organizations such as the World Organization for Animal Health (OIE) actively collaborate with governments and stakeholders to promote animal health through knowledge sharing, capacity-building activities, and policy advocacy. Investment in this market has substantially grown over recent years, with leading players investing heavily in product development or strategic partnerships/acquisitions to expand their presence. Numerous global initiatives are geared towards improving animal healthcare services, including training programs on managing veterinary practices and collaborations among industry stakeholders to develop integrated solutions catering to evolving customer needs.
Market Segmentation & Coverage:
This research report categorizes the Veterinary Practice Management Software Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Appointment Scheduling Software, Electronic Medical Records, Integrated Veterinary Practice Solutions, Inventory Management, and Medical Billing Software. The Electronic Medical Records commanded largest market share of 34.72% in 2022, followed by Appointment Scheduling Software.
Based on Practice Type, market is studied across Large Animal Practices, Mixed Animal Practices, and Small Animal Practices. The Mixed Animal Practices commanded largest market share of 39.54% in 2022, followed by Small Animal Practices.
Based on Deployment, market is studied across On-Cloud and On-Premise. The On-Premise commanded largest market share of 65.72% in 2022, followed by On-Cloud.
Based on End-User, market is studied across Ambulatory Surgical Units, Referral/Specialty, and Veterinary Hospitals & Clinics. The Veterinary Hospitals & Clinics commanded largest market share of 73.33% in 2022, followed by Referral/Specialty.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 42.52% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Veterinary Practice Management Software Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Veterinary Practice Management Software Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Veterinary Practice Management Software Market, highlighting leading vendors and their innovative profiles. These include AlisVet Software by InformaVet Inc., Animal Intelligence Software Inc., Chetu, Inc., ClienTrax, Covetrus, Inc., DaySmart Software, Inc., EasyDVM LLC, Eclipse Veterinary Software Ltd., EzOfficesystems Ltd., GlobalVetLink, L.C., Henry Schein, Inc., Hippo Manager Software, Inc., IDEXX Laboratories, Inc., Just Vet Solutions Inc., NaVetor, Onward Systems Inc., Provet Cloud, Shepherd Veterinary Software, LLC, SpecVet, LLC, StringSoft, Inc., VetBlue by FirmCloud Corp., VetFM by InfoMatrix, LLC, VetIT by National Veterinary Services Limited, VETport LLC, Vetstar by Advanced Technology Corp., Vetstoria Limited, VetZ GmbH, VIA Information Systems, VitusVet, and Weave Communications, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Veterinary Practice Management Software Market, by Product
7. Veterinary Practice Management Software Market, by Practice Type
8. Veterinary Practice Management Software Market, by Deployment
9. Veterinary Practice Management Software Market, by End-User
10. Americas Veterinary Practice Management Software Market
11. Asia-Pacific Veterinary Practice Management Software Market
12. Europe, Middle East & Africa Veterinary Practice Management Software Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Veterinary Practice Management Software Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Veterinary Practice Management Software Market?
3. What is the competitive strategic window for opportunities in the Veterinary Practice Management Software Market?
4. What are the technology trends and regulatory frameworks in the Veterinary Practice Management Software Market?
5. What is the market share of the leading vendors in the Veterinary Practice Management Software Market?
6. What modes and strategic moves are considered suitable for entering the Veterinary Practice Management Software Market?
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