Description
Global Veterinary Software Market Research Report—Forecast till 2027
Market Dynamics
the Global Veterinary Software Market is anticipated to exhibit a CAGR of 7.46% to surpass USD 804.94 Million during the review period. The veterinary software is an application that helps to manage the reports, invoicing and billing, appointments, and tasks, and more about the animals. The global market expansion is attributed to companion animal ownership, the increasing prevalence of animal diseases, and a rise in pet insurance with growing animal health expenditure.
The global Veterinary software market is attributed to the increase in companion animal ownership, rising prevalence of animal diseases, and a rise in pet insurance with expanding animal health expenditure. Additionally, with the increase in the number of companion animals, owners are becoming aware of their pets’ health and nutrition, and therefore seeking veterinary services is expected to create the demand for veterinary software in veterinary hospitals & clinics during the review period. However, the inadequacy of government supports for software acceptance and unwillingness to adopt the latest technologies are posing hurdles to the market growth on the country level.
Market Segmentation
Global Veterinary Software Market has been categorized based o Software Type, Deployment, Data Type, and End User.
Based on software type the Global Veterinary Software Market has been classified into practice management software, diagnostic software, inventory management software, and others.
Based on deployment type the global market has been bifurcated into on-premises and cloud-based. The data type segment divides the global veterinary software market into patient EMR (Pets), medical supplies & stock data, customer data, and others. In terms of end-use category, the global veterinary software market has been divided into veterinary hospitals & clinics, research laboratories, educational institutes, and others.
Regional Analysis
Geographically, the Global Veterinary Software Market has been studied across four major regions namely Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is expected to lead the global veterinary software market owing to the increase in companion animal ownership, rising expenditure on animal healthcare, growing prevalence of animal diseases, and the increasing number of veterinarians in the region.
Europe is estimated to contribute the second largest during the forecast period. The regional market is attributed to the increasing number of major companies such as Covetous and ezyVet that are involved in the development of veterinary software.
Asia-Pacific is anticipated to be the fastest-growing market of the global veterinary software market because the region includes rising nuclear families preferring to have pets, growing investments in clinics and care facilities by vets, and rising disposable income.
The Middle East & Africa is expected to show comparatively slow growth during the review period. The regional market is attributed to the lack of specific laws for pet ownership in the region, and less pet ownership as compared to other geographics, and ultimately less requirement of animal care in the region.
Major Players
The major competitors in the Global Veterinary Software Market are ServiceVet Technologies LLC (US), Clientrax (US), ezyVet (New Zealand), Covetrus (US), Hippo Manager Software Inc. (US), Idexx Laboratories Inc. (US), Patterson Vet Supply, Inc. (US), Vetter Software Inc. (US), OR Technology (Germany), Finnish Net Solutions (Finland), and others.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.