Top Market Shifts Transforming the Veterinary Software Market Landscape: Key Insights

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What Will the Veterinary Software Industry Market Size Be by 2025?
Over the past few years, the veterinary software market has seen consistent growth. The market value is expected to rise from $0.95 billion in 2024 to $1 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 4.8%. Factors driving this growth in the historical period have been an increase in pet ownership, needs for regulatory compliance, improvement in patient care, integration with laboratory services, and efficiency in business management.

What's the Long-Term Growth Forecast for the Veterinary Software Market Size Through 2029?
It is anticipated that the veterinary software market will undergo rapid expansion in the coming years. Projections suggest a growth to $1.46 billion by 2029, with a compound annual growth rate (CAGR) of 10.0%. Factors contributing to this increase during the forecast period include the implementation of telemedicine, an emphasis on preventive care, enhanced usage of data analytics, interoperability and integration, and the addition of specialty services. Predominant trends during this time are expected to be electronic health records (EHR) for animals, remote surveillance of animal well-being, inventory regulation in veterinary clinics, client interaction and learning platforms, as well as adherence to veterinary protocols.

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What Are the Key Growth Drivers Fueling the Veterinary Software Market Expansion?
The veterinary software market is predicted to expand, driven by a rise in animal health expenditure. Globally, pet owners regard their pets as family members and accordingly invest in their healthcare. This growing incidence of pet ownership and increased expenditure on animal health enable hospitals and clinics to invest more in veterinary software, thereby enhancing their customer experience. For example, a UK-based report by RSPCA in October 2023 indicated that 81% of pet owners expressed concerns over escalating pet care costs, a rise from 68% in 2022. This escalated expenditure on animal health is anticipated to stimulate the veterinary software market's growth during the forecast period.

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What Are the Key Trends Driving Veterinary Software Market Growth?
The emergence of modern technology is becoming a significant trend in the veterinary software market. The firms in this sector are focusing on the creation of innovative products, embedded with advanced technology, to augment the efficiency of the veterinary care industry's players. For example, in January 2022, Covetrus Inc., a firm based in the US that supplies animal health products and associated services, introduced a new cloud-based veterinary operating system called Covetrus Pulse. This innovative system is capable of generating, refreshing, and authorizing prescriptions, personalizing and customizing dashboards with preferred third-party apps, and facilitating communication with colleagues and customers via a centralized operating system. All this data is securely stored in the cloud, permitting easy retrieval whenever necessary.

How Is the Veterinary Software Market Segmented?
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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Which Companies Are Leading the Charge in Veterinary Software Market Innovation?
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

Which Regions Are Leading the Global Veterinary Software Market in Revenue?
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.

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