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Veterinary Practice Management Software Market Opportunities And Strategies 2024-2033 - Growth Analysis
Veterinary Practice Management Software Market
As per the report, the veterinary practice management software market size has grown strongly in recent years. It will grow from $0.35 billion in 2023 to $0.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The veterinary practice management software market size is expected to see strong growth in the next few years. It will grow to $0.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
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Pet Ownership Surge Fuels Growth In The Veterinary Practice Management Software Market
The increasing pet ownership is expected to propel the growth of the veterinary practice management software market going forward. Pet ownership is the act of owning and caring for a domesticated animal that is kept primarily for companionship and entertainment. Pet ownership is in demand due to companionship and emotional support, social media influence, and pet-friendly policies. Veterinary practice management software manages complicated clinic operations, satisfying pet owners' expectations for high-quality care with streamlined record administration and communication capabilities. For instance, in April 2024, according to the American Pet Products Association, a US-based non-profit association, in 2023, 86.9 million US households owned a pet, which accounts for 66% as compared to 62% in 2022. Therefore, increasing pet ownership is driving the growth of the veterinary practice management software market.
Next-Gen Pet Owner Engagement Software Revolutionizes Veterinary Practice Management
Major companies operating in the veterinary practice management software market are focused on developing next-generation innovative solutions, such as pet owner engagement software, to improve communication and interactions with veterinary clients. Pet owner engagement software is a solution that seamlessly integrates veterinarian clinics and clients using up-to-date digital tools to effectively interact with pet owners in a single, user-friendly interface. For instance, in February 2024, IDEXX Laboratories, Inc., a US-based company specializing in developing, manufacturing, and distributing products and services for companion animal veterinarians, launched Vello. This appointment scheduling system enables veterinarians to connect with pet owners. It offers automated appointment reminders and confirmations, reducing no-shows and saving time for veterinary teams. Initial Vello users reported an average 19% reduction in no-show rates. It has an online scheduling tool that allows pet owners to easily schedule appointments straight from health service reminders or the Vello software. It provides convenient access to pet health records, appointment information, prescription history, and test results via a mobile web browser, eliminating the need to download an app.
The veterinary practice management software market covered in this report is segmented -
1) By Product: Appointment Scheduling Software, Electronic Medical Records, Integrated Veterinary Practice Solutions, Inventory Management, Medical Billing Software
2) By Deployment: On-Cloud, On-Premise
3) By Practice Type: Companion Animals, Mixed Animal, Food Producing, Equine, Other Practice Types
4) By End-User: Veterinary Hospitals, Veterinary Referral And Specialty Practices, Ambulatory Veterinary Services, Veterinary Clinics
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Major companies operating in the veterinary practice management software market are Patterson Companies Inc., Covetrus Inc., IDEXX Laboratories Inc., Chetu Inc. , Hippo Manager Veterinary Software Inc., Timeless Veterinary Systems International Limited, StringSoft, Vetstoria, ClienTrax , Provet Cloud, Shepherd Veterinary Software LLC, SpecVet LLC, VetlinkPRO, VetBadger, Vetspire LLC, VetEnvoy, Animal Intelligence Software, Advanced Technology Corp., DaySmart Software, VETport LLC, NaVetor, VetBlue, VETbuddy
Contents of the report:
1. Executive Summary
2. Veterinary Practice Management Software Market Report Structure
3. Veterinary Practice Management Software Market Trends And Strategies
4. Veterinary Practice Management Software Market - Macro Economic Scenario
5. Veterinary Practice Management Software Market Size And Growth
…..
27. Veterinary Practice Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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