HOME Top Market Reports Veterinary Software Market by Product (Practice Management, Imaging, BI, Marketing), Delivery Model (On Premise, Cloud), Practice (Small Animal, Mixed, Large, Equine, Bovine), End User (Hospitals, Clinics, ASC, Emergency) - Global Forecast to 2022

Veterinary Software Market by Product (Practice Management, Imaging, BI, Marketing), Delivery Model (On Premise, Cloud), Practice (Small Animal, Mixed, Large, Equine, Bovine), End User (Hospitals, Clinics, ASC, Emergency) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: HIT 3240

 

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[169 Pages Report] The global veterinary software market is expected to reach USD 594.3 million by 2022 from USD 421.4 million in 2016, at a CAGR of 6.1%. Rising companion animal ownership and demand for pet insurance with growing animal health expenditure are some of the major factors responsible for driving this market. Moreover, growing product innovation and software integration by market players to help their clients with better practice outcomes, and the growing consolidation of the veterinary healthcare industry are other prominent factors that are likely to propel the growth of this market. The base year considered for the study is 2017, and the forecast has been provided for the period between 2018 and 2023.

Market Dynamics

Drivers

  • Rising companion animal ownership
  • Growing product innovation and integration for better practice outcomes
  • Rising demand for pet insurance and growing animal health expenditure
  • Growing consolidation of the veterinary healthcare industry

Restraints

  • Lack of government incentives
  • Lack of awareness about veterinary software in developing countries

Opportunities

  • Web-based/cloud-based models
  • Penetration in emerging economies through education and training initiatives  

Challenges

  • Meeting region-wise requirements for software functions
  • Reluctance to adopt new technologies
  • Shortage of veterinary

Growing product innovation and integration for better practices outcomes drives the global veterinary software market

Product enhancement is one of the key growth strategies adopted by players operating in the veterinary software market. This includes the launch of new software and services, product upgrades, and the development of mobile applications (through which veterinarians can access patient databases through their cell phones and tablets from remote locations). Since veterinarians in developed countries such as the US, UK, and Canada are open to adopting new technologies, various new and advanced products are being launched in these countries. Additionally, the majority of companies are developing and commercializing business intelligence software. This software is designed to track and identify the progress of veterinary practices by automatically compiling data from practice management software to help increase the practice revenue. Such product innovations aimed at better practice outcomes are expected to generate significant interest among veterinarians and aid the growth of the overall veterinary software market.

The following are the major objectives of the study.

  • To define, describe, and forecast the global veterinary software market on the basis of product, practice type, delivery model, type, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the market leaders
  • To forecast the size of the market with respect to five regions: North America, Europe, Asia Pacific, and the Rest of the World
  • To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
  • To track and analyze competitive developments in the veterinary software market, such as agreements, collaborations, acquisitions, product launches, expansions, and R&D activities

During this research study, major players operating in the veterinary software market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.

Veterinary Software Market

To know about the assumptions considered for the study, download the pdf brochure

The veterinary software market comprises a network of players involved in the product development; raw material supply; and post-sales services. Key players considered in the analysis of the veterinary software market are Henry Schein, Inc. (US), IDEXX Laboratories, Inc. (US), Patterson Companies, Inc. (US), Vetter Software, Inc. (US), Animal Intelligence Software, Inc. (US), Timeless Veterinary Systems, Inc. (Canada), Britton's Wise Computer, Inc. (US), ezyVet Limited (New Zealand), FirmCloud Corporation (US), MedaNext, Inc. (US), OR Technology (Oehm Und Rehbein GmbH) (Germany), VIA Information Systems (US), Hippo Manager Software, Inc. (US), Finnish Net Solutions (Finland), Carestream Health (Canada), and ClienTrax (US).

Major Market Developments

  • In 2017, Henry Schein acquired eVetPractice. This acquisition strengthened the company’s product line for veterinary practice management solutions.
  • In 2016, Patterson Veterinary signed an agreement with VetSuccess, as per which VetSuccess will join Patterson’s Signature Solutions Solutions suite of products and services enabling Patterson’s customers access to customized VetSuccess reports.
  • In 2016, Patterson Veterinary partnered with Vetter Software to develop eShelf, a cloud-based software that provides veterinarians with a way to manage inventory in their clinics. The software allows veterinarians to set alerts for product reorders and place orders with Patterson directly from their Vetter Software accounts.
  • In 2015, Timeless Veterinary Systems partnered with Veterinary Pharmacy Reference On-line to develop and release a new web-based Veterinary Pharmacy Reference software.

Target Audience

  • Veterinary Software and Service Vendors
  • Veterinary IT Service Providers
  • Research and Consulting Firms
  • Veterinary Practices (Hospitals, Veterinarian Groups, Community Clinics, and Outpatient Clinics)
  • Venture Capitalists
  • Government Agencies
  • Veterinary Societies and Associations

Report Scope

Veterinary Software Market, by Product

  • Practice Management Software
  • Veterinary Imaging Software
  • Other Software

Veterinary Software Market, by Delivery Model

  • On-premise Model
  • Web-based/Cloud-based Model

Veterinary Software Market, by Practice Type

  • Exclusive Small Animal Practices
    • Predominately Small Animal Practices
    • Predominately Large Animal Practices
  • Mixed Animal Practice
  • Exclusive Large Animal Practices
    • Exclusive Equine Practices
    • Exclusive Bovine Practices

Veterinary Software Market, by Type

  • Integrated Software
  • Standalone Software

Veterinary Software Market, by End User

  • Veterinary Hospitals and Referral Practices
  • Clinics and Ambulatory Practices
  • Specialty and Emergency Hospitals

Veterinary Software Market, by Region

  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • RoE
  • Asia Pacific
  • Rest of the World (RoW)

Critical questions which the report answers

  • What are new application areas which the veterinary software companies are exploring?
  • Which are the key players in the market and how intense is the competition?

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client’s specific requirements. The available customization options are as follows:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Secondary Data
    2.2 Primary Data
           2.2.1 Key Data From Primary Sources
    2.3 Key Industry Insights
    2.4 Market Size Estimation
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions for the Study

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Veterinary Software Market Overview
    4.2 Global Market, By Type, 2017–2022
    4.3 Global Market, By Practice Type, 2017 vs 2022 (USD Million)
    4.4 Geographic Analysis: Global Market in Europe, By Product
    4.5 Geographical Snapshot of the Global Market

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Companion Animal Ownership
                    5.2.1.2 Growing Product Innovation and Integration for Better Practice Outcomes
                    5.2.1.3 Rising Demand for Pet Insurance With Growing Animal Health Expenditure
                    5.2.1.4 Growing Consolidation of the Veterinary Healthcare Industry
           5.2.2 Restraints
                    5.2.2.1 Lack of Government Incentives
                    5.2.2.2 Lack of Awareness About Veterinary Software in Developing Countries
           5.2.3 Opportunities
                    5.2.3.1 Web-Based/Cloud-Based Models
                    5.2.3.2 Penetration in Emerging Economies Through Education and Training
           5.2.4 Challenges
                    5.2.4.1 Meeting Region-Wise Requirements for Software Functions
                    5.2.4.2 Reluctance to Adopt New Technologies
                    5.2.4.3 Shortage of Veterinary Practitioners in Developing Countries

6 Industry Insights (Page No. - 43)
    6.1 Pest Analysis
           6.1.1 Political Factors
           6.1.2 Economic Factors
           6.1.3 Social Factors
           6.1.4 Technological Factors
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Competitive Rivalry

7 Veterinary Software Market, By Product (Page No. - 47)
    7.1 Introduction
    7.2 Veterinary Practice Management Software
    7.3 Veterinary Imaging Software
    7.4 Other Software

8 Veterinary Software Market, By Delivery Model (Page No. - 56)
    8.1 Introduction
    8.2 On-Premise Model
    8.3 Web-Based/Cloud-Based Model

9 Veterinary Software Market, By Practice Type (Page No. - 63)
    9.1 Introduction
    9.2 Exclusive Small Animal Practices
    9.3 Mixed Animal Practices
           9.3.1 Predominantly Small Animal Practices
           9.3.2 Predominantly Large Animal Practices
    9.4 Exclusive Large Animal Practices
           9.4.1 Exclusive Equine Practices
           9.4.2 Exclusive Bovine Practices

10 Veterinary Software Market, By Type (Page No. - 79)
     10.1 Introduction
     10.2 Integrated Software
     10.3 Standalone Software

11 Veterinary Software Market, By End User (Page No. - 84)
     11.1 Introduction
     11.2 Veterinary Hospitals and Referral Practices
     11.3 Clinics and Ambulatory Practices
     11.4 Specialty and Emergency Hospitals

12 Veterinary Software Market, By Region (Page No. - 92)
     12.1 Introduction
     12.2 North America
             12.2.1 US
             12.2.2 Canada
     12.3 Europe
             12.3.1 UK
             12.3.2 Germany
             12.3.3 Rest of Europe
     12.4 Asia Pacific (APAC)
     12.5 Rest of the World (RoW)

13 Competitive Landscape (Page No. - 132)
     13.1 Overview
     13.2 Market Share Analysis
     13.3 Competitive Situation and Trends
             13.3.1 Agreements and Partnerships
             13.3.2 Product Launches and Upgrades
             13.3.3 Acquisitions

14 Company Profiles (Page No. - 137)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Henry Schein
     14.2 Idexx Laboratories
     14.3 Patterson Companies
     14.4 Vetter Software
     14.5 Animal Intelligence Software
     14.6 Timeless Veterinary Systems
     14.7 Ezyvet Limited
     14.8 Britton’s Wise Computer
     14.9 Firmcloud Corporation
     14.10 Clientrax
     14.11 Via Information System
     14.12 Hippo Manager Software
     14.13 Finnish Net Solutions
     14.14 Carestream Health
     14.15 Or Technology (OEHM UND Rehbein GmbH)

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 161)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details


List of Tables (126 Tables)

Table 1 Pet Population, By Animal, 2014–2016 (Million)
Table 2 Veterinary Software Market, By Product, 2015–2022 (USD Million)
Table 3 Global Market for Veterinary Practice Management Software, By Region, 2015–2022 (USD Million)
Table 4 North America: Market for Practice Management Software, By Country, 2015–2022 (USD Million)
Table 5 Europe: Market for Practice Management Software, By Country, 2015–2022 (USD Million)
Table 6 Veterinary Software Market for Veterinary Imaging Software, By Region, 2015–2022 (USD Million)
Table 7 North America: Market for Veterinary Imaging Software, By Country, 2015–2022 (USD Million)
Table 8 Europe: Market for Veterinary Imaging Software, By Country, 2015–2022 (USD Million)
Table 9 Veterinary Software Market for Other Software, By Region, 2015–2022 (USD Million)
Table 10 North America: Market for Other Software, By Country, 2015–2022 (USD Million)
Table 11 Europe: Market for Other Software, By Country, 2015–2022 (USD Million)
Table 12 Global Market, By Delivery Model, 2015–2022 (USD Million)
Table 13 Global Market for On-Premise Model, By Region, 2015–2022 (USD Million)
Table 14 North America: Market for On-Premise Model, By Country, 2015–2022 (USD Million)
Table 15 Europe: Market for On-Premise Model, By Country, 2015–2022 (USD Million)
Table 16 Veterinary Software Market for Web-Based/Cloud-Based Model, By Region, 2015–2022 (USD Million)
Table 17 North America: Market for Web-Based/Cloud-Based Model, By Country, 2015–2022 (USD Million)
Table 18 Europe: Market for Web-Based/Cloud-Based Model, By Country, 2015–2022 (USD Million)
Table 19 Veterinary Software Market, By Practice Type, 2017–2022 (USD Million)
Table 20 Global Market for Exclusive Small Animal Practices, By Region, 2015–2022 (USD Million)
Table 21 North America: Market for Exclusive Small Animal Practices, By Country, 2015–2022 (USD Million)
Table 22 Europe: Market for Exclusive Small Animal Practices, By Country, 2015–2022 (USD Million)
Table 23 Veterinary Software Market for Mixed Animal Practices, By Type, 2015–2022 (USD Million)
Table 24 Global Market for Mixed Animal Practices, By Region, 2015–2022 (USD Million)
Table 25 North America: Market for Mixed Animal Practices, By Country, 2015–2022 (USD Million)
Table 26 Europe: Market for Mixed Animal Practices, By Country, 2015–2022 (USD Million)
Table 27 Veterinary Software Market for Predominantly Small Animal Practices, By Region, 2015–2022 (USD Million)
Table 28 North America: Market for Predominantly Small Animal Practices, By Country, 2015–2022 (USD Million)
Table 29 Europe: Market for Predominantly Small Animal Practices, By Country, 2015–2022 (USD Million)
Table 30 Veterinary Software Market for Predominantly Large Animal Practices, By Region, 2015–2022 (USD Million)
Table 31 North America: Market for Predominantly Large Animal Practices, By Country, 2015–2022 (USD Million)
Table 32 Europe: Market for Predominantly Large Animal Practices, By Country, 2015–2022 (USD Million)
Table 33 Global Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Million)
Table 34 Veterinary Software Market for Exclusive Large Animal Practices, By Region, 2015–2022 (USD Million)
Table 35 North America: Market for Exclusive Large Animal Practices, By Country, 2015–2022 (USD Million)
Table 36 Europe: Market for Exclusive Large Animal Practices, By Country, 2015–2022 (USD Million)
Table 37 Global Market for Exclusive Equine Practices, By Region, 2015–2022 (USD Million)
Table 38 North America: Market for Exclusive Equine Practices, By Country, 2015–2022 (USD Million)
Table 39 Europe: Market for Exclusive Equine Practices, By Country, 2015–2022 (USD Million)
Table 40 Veterinary Software Market for Exclusive Bovine Practices, By Region, 2015–2022 (USD Million)
Table 41 North America: Market for Exclusive Bovine Practices, By Country, 2015–2022 (USD Million)
Table 42 Europe: Market for Exclusive Bovine Practices, By Country, 2015–2022 (USD Million)
Table 43 Veterinary Software Market, By Type, 2015–2022 (USD Million)
Table 44 Integrated Veterinary Software Market, By Region, 2015–2022 (USD Million)
Table 45 North America: Market, By Country, 2015–2022 (USD Million)
Table 46 Europe: Market, By Country, 2015–2022 (USD Million)
Table 47 Standalone Veterinary Software Market, By Region, 2015–2022 (USD Million)
Table 48 North America: Market, By Country, 2015–2022 (USD Million)
Table 49 Europe: Market, By Country, 2015–2022 (USD Million)
Table 50 Veterinary Software Market, By End User, 2015–2022 (USD Million)
Table 51 Veterinary Software Market for Veterinary Hospitals and Referral Practices, By Region, 2015–2022 (USD Million)
Table 52 North America: Market for Veterinary Hospitals and Referral Practices, By Country, 2015–2022 (USD Million)
Table 53 Europe: Market for Veterinary Hospitals and Referral Practices, By Country, 2015–2022 (USD Million)
Table 54 Veterinary Software Market for Clinics and Ambulatory Practices, By Region, 2015–2022 (USD Million)
Table 55 North America: Market for Clinics and Ambulatory Practices, By Country, 2015–2022 (USD Million)
Table 56 Europe: Market for Clinics and Ambulatory Practices, By Country, 2015–2022 (USD Million)
Table 57 Veterinary Software Market for Specialty and Emergency Hospitals, By Region, 2015–2022 (USD Million)
Table 58 North America: Market for Specialty and Emergency Hospitals, By Country, 2015–2022 (USD Million)
Table 59 Europe: Market for Specialty and Emergency Hospitals, By Country, 2015–2022 (USD Million)
Table 60 Veterinary Software Market, By Region, 2015–2022 (USD Million)
Table 61 North America: Veterinary Software Market, By Country, 2015–2022 (USD Million)
Table 62 North America: Market, By Product, 2015–2022 (USD Million)
Table 63 North America: Market, By Delivery Model, 2015–2022 (USD Million)
Table 64 North America: Market, By Practice Type, 2015–2022 (USD Million)
Table 65 North America: Market for Mixed Animal Practices, By Type, 2015–2022 (USD Million)
Table 66 North America: Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Million)
Table 67 North America: Market, By Type, 2015–2022 (USD Million)
Table 68 North America: Veterinary Software Market, By End User, 2015–2022 (USD Million)
Table 69 US: Veterinary Software Market, By Product, 2015–2022 (USD Million)
Table 70 US: Market, By Delivery Model, 2015–2022 (USD Million)
Table 71 US: Market, By Practice Type, 2015–2022 (USD Million)
Table 72 US: Market for Mixed Animal Practices, By Type, 2015–2022 (USD Million)
Table 73 US: Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Million)
Table 74 US: Market, By Type, 2015–2022 (USD Million)
Table 75 US: Market, By End User, 2015–2022 (USD Million)
Table 76 Canada: Veterinary Software Market, By Product, 2015–2022 (USD Million)
Table 77 Canada: Market, By Delivery Model, 2017–2022 (USD Million)
Table 78 Canada: Market, By Practice Type, 2017–2022 (USD Million)
Table 79 Canada: Market for Mixed Animal Practices, By Type, 2015–2022 (USD Million)
Table 80 Canada: Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Million)
Table 81 Canada: Market, By Type, 2015–2022 (USD Million)
Table 82 Canada: Market, By End User, 2015–2022 (USD Million)
Table 83 Europe: Veterinary Software Market, By Country, 2015–2022 (USD Million)
Table 84 Europe: Market, By Product, 2015–2022 (USD Million)
Table 85 Europe: Market, By Delivery Model, 2015–2022 (USD Million)
Table 86 Europe: Market, By Practice Type, 2015–2022 (USD Million)
Table 87 Europe: Market for Mixed Animal Practices, By Type, 2015–2022 (USD Million)
Table 88 Europe: Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Million)
Table 89 Europe: Market, By Type, 2015–2022 (USD Million)
Table 90 Europe: Market, By End User, 2015–2022 (USD Million)
Table 91 UK: Veterinary Software Market, By Product, 2015–2022 (USD Million)
Table 92 UK: Market, By Delivery Model, 2015–2022 (USD Million)
Table 93 UK: Market, By Practice Type, 2015–2022 (USD Million)
Table 94 UK: Market for Mixed Animal Practices, By Type, 2015–2022 (USD Million)
Table 95 UK: Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Million)
Table 96 UK: Market, By Type, 2015–2022 (USD Million)
Table 97 UK: Market, By End User, 2015–2022 (USD Million)
Table 98 Germany: Pet Population, 2012–2016 (In Billion)
Table 99 Germany: Veterinary Software Market, By Product, 2015–2022 (USD Million)
Table 100 Germany: Market, By Delivery Model, 2015–2022 (USD Million)
Table 101 Germany: Market, By Practice Type, 2015–2022 (USD Million)
Table 102 Germany: Market for Mixed Animal Practices, By Type, 2015–2022 (USD Million)
Table 103 Germany: Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Million)
Table 104 Germany: Market, By Type, 2015–2022 (USD Thousand)
Table 105 Germany: Veterinary Software Market, By End User, 2015–2022 (USD Million)
Table 106 RoE: Veterinary Software Market, By Product, 2015–2022 (USD Million)
Table 107 RoE: Market, By Delivery Model, 2015–2022 (USD Million)
Table 108 RoE: Market, By Practice Type, 2015–2022 (USD Million)
Table 109 RoE: Market for Mixed Animal Practices, By Type, 2015–2022 (USD Million)
Table 110 RoE: Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Million)
Table 111 RoE: Market, By Type, 2015–2022 (USD Million)
Table 112 RoE: Veterinary Software Market, By End User, 2015–2022 (USD Million)
Table 113 APAC: Veterinary Software Market, By Product, 2015–2022 (USD Million)
Table 114 APAC: Market, By Delivery Model, 2015–2022 (USD Million)
Table 115 APAC: Market, By Practice Type, 2015–2022 (USD Million)
Table 116 APAC: Market for Mixed Animal Practices, By Type, 2015–2022 (USD Million)
Table 117 APAC: Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Million)
Table 118 APAC: Market, By Type, 2015–2022 (USD Thousand)
Table 119 APAC: Veterinary Software Market, By End User, 2015–2022 (USD Million)
Table 120 RoW: Veterinary Software Market, By Product, 2015–2022 (USD Million)
Table 121 RoW: Market, By Delivery Model, 2015–2022 (USD Million)
Table 122 RoW: Market, By Practice Type, 2015–2022 (USD Million)
Table 123 RoW: Market for Mixed Animal Practices, By Type, 2015–2022 (USD Thousand)
Table 124 RoW: Market for Exclusive Large Animal Practices, By Type, 2015–2022 (USD Thousand)
Table 125 RoW: Market, By Type, 2015–2022 (USD Thousand)
Table 126 RoW: Veterinary Software Market, By End User, 2015–2022 (USD Million)


List of Figures (41 Figures)

Figure 1 Veterinary Software Market Segmentation
Figure 2 Research Design
Figure 3 Key Data From Secondary Sources
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 7 Data Triangulation Methodology
Figure 8 Veterinary Software Market, By Product (2017 vs 2022)
Figure 9 Global Market, By Delivery Model (2017 vs 2022)
Figure 10 Veterinary Software Market, By Practice Type (2017 vs 2022)
Figure 11 Global Market for Mixed Animal Practices, By Type (2017 vs 2022)
Figure 12 Veterinary Software Market for Exclusive Large Animal Practices, By Type (2017 vs 2022)
Figure 13 Global Market, By Type (2017 vs 2022)
Figure 14 Veterinary Software Market, By End User (2017 vs 2022)
Figure 15 Global Market, By Region, 2017–2022
Figure 16 Rising Companion Animal Ownership is One of the Major Factor Driving the Growth of the Global Veterinary Software Market
Figure 17 Integrated Software Segment to Register the Highest Growth Rate During the Forecast Period
Figure 18 Exclusive Small Animal Practices Will Continue to Dominate the Veterinary Software Market in 2022
Figure 19 Veterinary Practice Management Software Accounted for the Largest Share of the Veterinary Software Market in Europe in 2017
Figure 20 US Dominated the Veterinary Software Market in 2017
Figure 21 Global Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Porter’s Five Forces Analysis
Figure 23 Veterinary Practice Management Software Segment to Register the Highest Growth During the Forecast Period
Figure 24 Web-Based/Cloud-Based Model Segment to Register the Highest Growth Rate During the Forecast Period
Figure 25 Exclusive Small Animal Practices to Witness High Growth in the Forecast Period
Figure 26 Predominantly Small Animal Practices to Dominate the Veterinary Software Market for Mixed Animal Practices in 2017
Figure 27 Exclusive Equine Practices to Dominate the Veterinary Software Market for Exclusive Large Animal Practices in 2017
Figure 28 Integrated Software Segment to Register the Highest Growth Rate During the Forecast Period
Figure 29 Veterinary Hospitals and Referral Practices Segment Accounted for Over 80% of the Market Share in 2017
Figure 30 North American Market to Witness the Highest Growth Rate
Figure 31 North America: Veterinary Software Market Snapshot
Figure 32 Europe: Veterinary Software Market Snapshot
Figure 33 APAC: Veterinary Software Market Snapshot
Figure 34 RoW: Veterinary Software Market Snapshot
Figure 35 Key Developments in the Veterinary Software Market From 2014 to 2017
Figure 36 Market Evolution Framework
Figure 37 Global Market Share Analysis, By Key Player (2016)
Figure 38 Henry Schein: Company Snapshot
Figure 39 Idexx Laboratories: Company Snapshot
Figure 40 Patterson Companies: Company Snapshot
Figure 41 Onex Corporation: Company Snapshot

The global veterinary software market is expected to reach USD 594.3 million by 2022 from USD 442.5 million in 2017, at a CAGR of 6.1%. The growth of this market is mainly driven by rising companion animal ownership and demand for pet insurance, growing animal health expenditure, and growing product innovation and software integration.

Veterinary software helps veterinary practices by automating several tasks using modules such as appointment scheduling, client screens, patient screens, visit screens, financial screens, electronic medical records, reminders, inventory control, and reporting.

The veterinary software market has been segmented, on the basis of product, into practice management software, veterinary imagining software, and other software. In 2017, the practice management software segment accounted for the largest share of the total market. Practice management software reduces the possibilities of error and the overall cost of a veterinary healthcare facility.

The veterinary software market in North America is expected to grow at the highest CAGR during the forecast period. The large share of the North American market can be attributed to the growing demand for quality pet care. This, in turn, is encouraging veterinarian practices to adopt technology solutions such as digital imaging systems and veterinary practice management software for better diagnosis. Other growth factors include growing awareness about veterinary software and the easy availability of veterinary software and services in this region. This is because most vendors operating in this market have operations in North America. The increasing number of veterinarians is also a major driver for the veterinary software market in North America.

Veterinary Software Market

Web based/Cloud-based model drive the growth of veterinary software market

Web-Based/Cloud-Based Model

The web-based/cloud-based model runs on a server that is owned and operated by the vendor. The web-based/cloud-based model offers various advantages such as data centralization capabilities, a greater level of interoperability, and automatic software upgrading. Moreover, the data on a web-based/cloud-based model can be accessed by veterinarians from any location through the internet; the data can be accessed from a range of devices such as desktops, laptops, mobile phones, and tablets.

On-Premise Model

The on-premise model uses multi-vendor architecture, which minimizes the risk of data breach and external attacks. The on-premise model allows flexibility of connection bandwidth-this feature is very important in cases where a client is dealing with heavy data file transfers. In addition, in this model, buyers have complete control over decisions regarding software upgrades.

Veterinary Software Market

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming industry applications for veterinary software?

The veterinary software market has minimal support from governments across the globe. In the US, the adoption rate of veterinary software is very low as compared to healthcare IT (HCIT) tools such as human EHR. This can be attributed to the lack of incentives or funding provided for implementing veterinary software. The slow adoption rate of veterinary software will make it difficult for small vendors to break even in the market. Moreover, in developing regions such as the Asia Pacific and Latin America, government support for the implementation of veterinary software is very low. This makes it difficult for companies to operate in these regions. Thus, the lack of government incentives is restraining the growth of the veterinary software market.

Key players in the market include Henry Schein, Inc. (US), IDEXX Laboratories, Inc. (US), Patterson Companies, Inc. (US), Vetter Software, Inc. (US), Animal Intelligence Software, Inc. (US), Timeless Veterinary Systems, Inc. (Canada), Britton's Wise Computer, Inc. (US), ezyVet Limited (New Zealand), FirmCloud Corporation (US), MedaNext, Inc. (US), OR Technology (Oehm Und Rehbein GmbH) (Germany), VIA Information Systems (US), Hippo Manager Software, Inc. (US), Finnish Net Solutions (Finland), Carestream Health (Canada), and ClienTrax (US). These players are increasingly undertaking mergers and acquisitions, and product launches to introduce new technologies and products in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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