Mordor Intelligence has published a new report on the Veterinary Software Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
The global veterinary software market is poised for significant growth, with projections indicating an increase from USD 1.85 billion in 2025 to USD 2.48 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.1%. This expansion is driven by technological advancements and rising pet ownership.
Veterinary software encompasses a range of digital tools designed to streamline the operations of veterinary practices, including practice management, imaging, and patient records. The increasing adoption of companion animals, coupled with the need for efficient practice management, has led to a surge in demand for advanced veterinary software solutions. The COVID-19 pandemic further accelerated this trend, as many individuals sought companionship through pets during periods of social isolation.
Key Trends Driving Market Growth
- Technological Innovations and Product Integration
The veterinary software market is experiencing significant growth due to technological innovations and product integration. The integration of software solutions with diagnostic and laboratory equipment has streamlined data management, allowing for seamless sharing of patient information among veterinary professionals. This integration enhances diagnostic accuracy and treatment planning, contributing to improved patient outcomes.
- Rising Pet Ownership and Expenditure on Animal Healthcare
The increasing adoption of companion animals has led to a heightened demand for veterinary services and, consequently, veterinary software solutions. For instance, according to the American Pet Products Association’s 2020-2021 National Pet Owners Survey, 67% of U.S. households, or approximately 85 million families, own a pet. This rise in pet ownership has been accompanied by increased spending on animal healthcare, further driving the need for efficient practice management solutions.
- Impact of the COVID-19 Pandemic
The COVID-19 pandemic has had a significant impact on the veterinary software market. The pandemic caused drastic changes to people’s normal routines, with social distancing and lockdowns in place across the world. Many people were suffering from loneliness, which had a negative impact on their mental health. Therefore, during the lockdown period, many people adopted companion animals. For instance, according to the PDSA PAW report published in June 2021, 2.0 million people in the United Kingdom owned pets between March 2020 and May 2021. Consequently, owing to the high rate of adoption, the demand for veterinary software solutions was quite high during the pandemic and is expected to maintain an upward trend over the forecast period.
Report Overview: https://www.mordorintelligence.com/industry-reports/veterinary-software-market-
Market Segmentation
The veterinary software market is segmented based on product, delivery model, animal type, and geography:
- By Product
- Practice Management Software: Tools designed to manage daily operations, including appointment scheduling, billing, and patient records.
- Veterinary Imaging Software: Solutions that facilitate the storage, retrieval, and analysis of diagnostic images.
- Other Products: Includes specialized software for laboratory management, telemedicine, and inventory control.
- By Delivery Model
- On-Premise: Software installed and operated from within the veterinary clinic’s infrastructure.
- Cloud-Based: Solutions hosted on remote servers, offering accessibility from multiple locations and devices.
- By Animal Type
- Companion Animals: Software tailored for pets such as dogs, cats, and birds.
- Farm Animals: Solutions designed for livestock management, including cattle, sheep, and poultry.
- By Geography
- North America: Holds the largest market share, driven by high pet ownership rates and substantial investment in animal healthcare infrastructure.
- Europe: Features a well-established veterinary sector with increasing adoption of advanced software solutions.
- Asia-Pacific: Expected to experience the highest growth rate, attributed to rising pet adoption and expanding veterinary services.
- Middle East and Africa: Demonstrates growing potential with improving veterinary care facilities and increased focus on animal health.
- South America: Shows steady development with initiatives to enhance veterinary practice management.
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Key Players in the Market
The veterinary software market is moderately competitive, with several key players contributing to its growth:
- Carestream Health: A leading provider of imaging software solutions, enhancing diagnostic capabilities in veterinary practices.
- IDEXX Laboratories Inc.: Offers a comprehensive suite of veterinary software products, including practice management and diagnostic tools.
- Patterson Companies, Inc.: Provides integrated software solutions aimed at improving operational efficiency in veterinary clinics.
- Animal Intelligence Software, Inc.: Specializes in customizable software solutions for both companion and large animal practices.
- Covetrus Inc.: Delivers a range of software products focused on enhancing veterinary practice management and client engagement.
These companies are at the forefront of innovation in veterinary software, continually enhancing product offerings to meet evolving healthcare needs.
Conclusion
The global veterinary software market is on a steady growth trajectory, driven by factors such as technological advancements, rising pet ownership, and the increasing need for efficient practice management solutions. As the demand for comprehensive veterinary care continues to escalate, key industry players are expected to continue innovating to meet these needs, thereby contributing to improved healthcare outcomes for animals worldwide.
Industry Related Reports
Veterinary Telehealth Market: The Veterinary Telehealth Market Report is segmented based on animal type, service type, and geography. The animal type segment includes companion animals and livestock animals. The service type category covers telemedicine, teleconsulting, telemonitoring, and other related services. Additionally, the report provides a regional analysis spanning North America, Europe, Asia-Pacific, and the Rest of the World.
Veterinary Telemetry Systems Market: The Veterinary Telemetry Systems Market Report is categorized by product, application, end user, and geography. The product segment includes vital signs monitors, ECG/EKG monitors, wearables, anesthesia machines, and other related products. Applications are divided into respiratory, cardiology, neurology, and other medical conditions. End users comprise veterinary hospitals, veterinary clinics, and other relevant entities. The report also provides a comprehensive regional analysis covering North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
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