The global veterinary software market is expected to reach USD 3.02 billion by 2030, registering a CAGR of 12.66% over the forecast period, according to a new report by Grand View Research, Inc. The associated benefits such as efficiency optimization, lower running client, enhanced client experience are key adoption drivers for veterinary software. Moreover, rising digitization and technology advancement such as Artificial Intelligence (AI), 3D printing, Telemedicine etc. are further changing the veterinary industry landscape by providing lucrative growth opportunities in coming years.
The market presents plenty of opportunities for expansion and novelty, attributable to industry demands, innovations in technology, and evolving consumer demands. Telemedicine has become increasingly popular in veterinary care, particularly since the COVID-19 pandemic. By providing telemedicine features that enable veterinarians to consult with patients and monitor them from a distance, veterinary software can take advantage of this trend and broaden its scope of practice. Veterinarian diagnostics might undergo a revolution thanks to AI and machine learning. Diagnostic accuracy and treatment outcomes can be enhanced by software solutions that use artificial intelligence (AI) for analyzing images, predictive analytics, and disease detection. Businesses of veterinary software can look into ways to grow internationally. Software that supports multi-language and multi-currency capabilities can meet the needs of clinics worldwide as veterinary care becomes more globally distributed.
Market players in the veterinary software space are strategically using mergers and acquisitions to expand their product lines and solidify their positions in the industry. To incorporate the latest innovations and broaden their service offerings, large corporations are purchasing smaller, innovative companies. Concurrently, there is a widespread use of collaboration and partnership strategies, as businesses form alliances to gain access to complementary expertise, expand their market reach, and provide more complete solutions. These adaptable tactics enable veterinary software suppliers to meet the varied demands of the changing veterinary sector, maintain their competitiveness, and take advantage of synergies. For instance, in February 2024, Instinct Science with the assistance of Mainsail partners acquired VetMedux, which is a veterinary education providing company.
Furthermore, in May 2023, Hippo Manager partnered with Text Request. Users of Hippo Manager Software have access to Text Request's texting module directly from the Hippo Manager interface by using the Text Requests Chrome extension. This means that veterinary clinics can now use the same software they use to manage their daily operations to text clients to set up appointments, send reminders, and more.
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By product, Practice Management Software (PMS) segment dominated market with a share of over 56.80% in 2023 and is expected to grow at CAGR of 10.28% during forecast period due to rising number of veterinary clinics and hospital
In terms of delivery mode, cloud/ web-based segment attributed to largest market share in 2023 and is projected to grow at fastest growth rate from 2024 to 2030 owing to a easy scalability as well as ease of use of cloud-based softwares
In terms of practice type, small animals segment accounted for highest market share in 2023. The segment includes software revenue from veterinarian practices that treat small companion animals (dogs and cats) as their primary source of care. Veterinarians and veterinary clinics can more efficiently manage their daily activities and deliver high-quality animal care with the aid of small animal PMS, a specialized tool
By end use, Veterinary Hospitals/ Clinics segment held highest share of market in 2023 due to the accelerating digitization of veterinary practices and the growing awareness of the advantages that software provides to both patient care and business operations are what are driving the overall growth of the hospitals/clinics segment
By region, North America attributed to largest share of about 35.85% of market in 2023. Conversely, Asia Pacific region is anticipated to grow fastest at about 16.49% in coming years
Multiple integrations of veterinary softwares, increasing number of veterinary hospitals/clinics, increasing animal population globally leading to increase in adoption of telehealth softwares, rising prevalence of animal diseases leading to increase in veterinary patient volume are expected to drive market growth
Grand View Research has segmented the global veterinary software market based on product, delivery mode, practice type, end-use, and region:
Veterinary Software Product Outlook (Revenue, USD Million, 2018 - 2030)
Practice Management Software
Imaging Software
Telehealth Software
Others
Veterinary Software Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)
Cloud/Web-Based
On-premise
Veterinary Software Practice Type Outlook (Revenue, USD Million, 2018 - 2030)
Small Animals
Mixed Animals
Equine
Food-producing Animals
Other Practice Types
Veterinary Software End Use Outlook (Revenue, USD Million, 2018 - 2030)
Veterinary Hospitals/Clinics
Reference Laboratories
Veterinary Software Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Netherlands
Russia
Sweden
Switzerland
Ireland
Poland
Rest of Europe
Asia Pacific
Japan
China
India
South Korea
Australia
Thailand
Indonesia
Philippines
Malaysia
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LA
Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Iran
Turkey
Israel
Rest of Middle East & Africa
List of Key Players of Veterinary Software Market
Idexx Laboratories
Covetrus Inc. (Henry Schein)
Hippo Manager
Shepherd Veterinary Software
DaySmart Software
Digitail
ProVet (NordHealth)
OnwardVet
Asteris
Carestream Health
Heska Corporation (Mars Inc.)
Oehm und Rehbein GmbH
VetStoria
Instinct Science, LLC
Planmeca OY
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