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Veterinary Software Market by Product, Delivery Model, Practice, End User - Global Forecast to 2022

Veterinary Software Market: Global Forecast until 2022

  • April 2018
  • 171 pages
  • ID: 2832652
In this report:
The overall veterinary software market is expected to grow at a moderate CAGR of ##.##% from 2017 to 2022.
The veterinary software market is expected to reach USD ##.## million by 2022 from USD ##.## million in 2017, at a CAGR of ##.##%.
This market is expected to reach USD ##.## million by 2022 from USD ##.## million in 2017, at a CAGR of ##.##% during the forecast period.

Summary

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The overall veterinary software market forecasted to grow at a CAGR (Compound annual growth rate) of 6.10 percent.

The overall veterinary software market is forecasted to reach $594.30M by 2022 from $442.50M in 2017, at a compound annual growth rate (CAGR) of 6.10 percent. This industry is experiencing significant increase due to the growing companion animal ownership and demand for pet insurance, increasing animal health expenditure, and increasing product innovation and software integration. On the other hand, lack of government incentives for the adoption of veterinary software, reluctance of veterinarians towards adopting new technologies, and lack of awareness about veterinary software in the developing countries are restricting the increase of this market.

The practice management software segment is anticipated to grow at the maximal compound annual growth rate (CAGR) during the outlook period.

Established on product, the sector is divided into practice management software, veterinary imaging software, and other software.The practice management software segment is expected to record the highest CAGR (Compound annual growth rate) during the estimate period.

Veterinary practice management software benefits veterinarians in appointment management, billing & invoicing, boarding management, maintaining patient records, prescription labeling, and treatment management.This software reduces the possibilities of error and the global cost of a veterinary healthcare facility.

Such factors are likely to drive the industry for veterinary practice management software.

The exclusive small animal practices segment is forecasted to dominate the sector during the outlook period.

Established on practice type, the sector is divided into exclusive small animal practices, mixed animal practices, and exclusive big animal practices.The exclusive small animal practices segment held the most important share of the veterinary software market in 2017.

It is expected to register the more considerable rise during the forecast period due to the growing number of small pet owners and increasing annual spending on pet care in developed countries.

North America to witness the more significant increase during the estimate period.

In 2017, North America continent recorded for the biggest share of the market succeeded by EU.North America (NA) is also anticipated to register the highest compound annual growth rate (CAGR) during the outlook period.

This can be connected to Elements such as the increasing demand for quality pet care, rising number of veterinarians, and increasing awareness about veterinary software and the easy availability of veterinary software and services in this area.

The primary interviews conducted for this business report can be categorized as follows:

• By Company category: Tier 1 - 30.0 percent; Tier 2 - 42.0 percent; Tier 3 - 28.0 percent

• By Description: C-level- 25.0 percent; D-level- 45.0 percent; Others- 30.0 percent

• By Area: North America continent - 48.0 percent; Europe (EU) - 29.0 percent; Asia Pacific (APAC) - 19.0 percent; Rest of the globe - 4.0 percent

List of firms decribed in the market research

• Henry Schein

• IDEXX Laboratories

• Patterson Firms

Segment Research

The industry report offers an overview of the veterinary software market.It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including product, delivery model, practice type, category, end-user, and area.

Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them with the closest approximations of revenues for the global veterinary software market and its sub-segments.This industry report will facilitate partners to comprehend the competitive landscape better and acquire business insights to position their businesses and help firms make suitable go-to-market approaches.

The market research also will also help partners comprehend the pulse of the sector and offer them with info concerning main market drivers and alternatives.

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