Press release
Rising Pet Health Expenditure Fuels Growth In Veterinary Software Market: A Key Driver Powering Veterinary Software Market Growth In 2025
Veterinary Software
What Is the Projected Growth of the Veterinary Software Market?
The size of the veterinary software market has been experiencing gradual growth over the past few years. The market is predicted to expand from $0.95 billion in 2024 to reach $1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.8%. The previous growth can be credited to factors such as a rise in pet ownership, the need to meet regulatory compliance, improved patient care, the integration with laboratory services, and greater business management efficiency.
The market size of veterinary software is poised for a swift expansion in the coming years, with an expected growth to $1.46 billion by 2029, and a compound annual growth rate (CAGR) of 10.0%. Factors contributing to this growth during the forecast period include the embrace of telemedicine, prioritization of preventive care, enhanced usage of data analytics, streamlined integration and interoperability, and growth in specialty services. Key trends for this period include the adaptation of electronic health records (EHR) for animals, the remote tracking of animal wellbeing, inventory control for veterinary clinics, client-associated communication and educational tools, and adherence to veterinary regulations.
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What Are the Different Veterinary Software Market Segments?
The veterinary software market covered in this report 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 Or Web-Based
5) By End User: Hospitals Or Clinics, Reference Laboratories
Subsegments:
1) By Veterinary Practice Management Software: Appointment Scheduling, Billing And Invoicing, Client Communication Tools, Electronic Medical Records (EMR), Inventory Management
2) By Veterinary Imaging Software: Radiology Software, Ultrasound Imaging Software, CT And MRI Imaging Software, Image Analysis And Storage Solutions
3) By Other Product Types: Laboratory Information Management Systems (LIMS), Telemedicine Software, Client Management And marketing Tools, Inventory And Supply Chain Management Software
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What Are the Primary Drivers Shaping the Veterinary Software Market?
The escalation in animal health expenditures is predicted to stimulate the expansion of the veterinary software market. Globally, pet owners are treating their pets as family members, matching their healthcare spending to that of human family members. The rise in spending on animals, coupled with the increasing number of pets is facilitating hospitals and clinics to invest more in veterinary software in order to enhance service offerings and customer satisfaction. In October 2023, UK's RSPCA's 2023 animal kindness index report suggested that 81% of pet owners expressed concerns about the rising costs of pet care, a significant increase from the 68% in 2022. This uptick in healthcare expenditures for pets will likely fuel the growth of the veterinary software market through the forecast period.
Which Companies Are Leading in the Veterinary Software Market?
Major companies operating in the veterinary software market include Henry Schein Inc., Zoetis, Patterson Companies Inc., Covetrus Inc., IDEXX Laboratories Inc., Carestream Health Inc., 2i Nova, MWI Animal Health, Sure Petcare, Ezyvet Ltd., Hippo Manager Software Inc., Timeless Veterinary Systems, Petabyte Technology, ImproMed, Finnish Net Solutions Oy, Clientrax, Business Infusions, Vetspire, Firmcloud Corporation, OR Technology, Vetter Software Inc., Animal Intelligence Software Inc., VetZ Limited, Via Information System, VetVision, Quantified Veterinary Care, GalaxyVet, Animal Practice Management Solutions, Masterpiece Veterinary
What Are the Major Trends Shaping the Veterinary Software Market?
Emerging technologies are gaining traction as a noteworthy trend within the arena of veterinary software. Firms in this sector are focusing their efforts on developing cutting-edge products equipped with sophisticated technologies to augment the operational efficacy of entities within the veterinary care domain. For example, Covetrus Inc., an American company leading in animal health product provision and related services, debuted its innovative cloud-based veterinary operating system, Covetrus Pulse, in January 2022. This platform facilitates the creation, renewal, and approval of prescriptions, offers personalized, customizable dashboards integrated with chosen third-party apps, and enables communication with co-workers and clients via a centralized operating system. Crucially, all this data is securely stored in the cloud and can be accessed as needed.
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What Are the Top Revenue-Generating Geographies in the Veterinary Software Market?
North America was the largest region in the veterinary software market in 2024. The regions covered in the veterinary software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Veterinary Software Market?
2. What is the CAGR expected in the Veterinary Software Market?
3. What Are the Key Innovations Transforming the Veterinary Software Industry?
4. Which Region Is Leading the Veterinary Software Market?
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