USD 1.16 billion
Veterinary Software Market Size, Share, Growth Analysis, By Product, By Delivery Model, By Practice Type, By Type, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45A2392 |
Region:
Global |
Published Date: December, 2024
Pages:
192
|Tables:
0
|Figures:
0
Veterinary Software Market Insights
Veterinary Software Market size was valued at USD 1455.57 Million in 2023 and is poised to grow from USD 1639.85 Million in 2024 to USD 3777.38 Million by 2032, growing at a CAGR of 12.66% during the forecast period (2025-2032).
The market is driven by factors such as the increasing adoption of veterinary software integration, the number of veterinary clinics/clinics, the widespread use of telehealth software, and the rise of veterinary diseases, the veterinary industry is undergoing a digital transformation. To improve efficiency, streamline administration and improve patient care, practices are slowly shifting from documentation to the use of software. Veterinary hospitals are looking for veterinary software that allows them to connect effortlessly to external databases and other platforms, such as imaging software, telehealth software, etc. Healthcare management and data exchange is enabled by such integration. Analytical technologies commonly integrated with veterinary software to provide insightful information about patient demographics, treatment outcomes, and clinical performance can help hospitals optimize their operations and share these findings make data-driven decisions. Various technological advances that drive innovation, improve software integration, and improve the overall performance of these veterinary software systems and impact the market. Healthcare facilities can use these insights to improve their operations and make data-driven decisions.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
The practice management software (PMS)
Fastest Growth
The veterinary telehealth software
Growth Rate
13.3% CAGR
Global Veterinary Software Market ($ Bn)
Country Share for North America Region (%)
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Veterinary Software Market Segmental Analysis
Global Veterinary Software Market is segmented by Product, Delivery Model, Practice Type, Type, End User, and region. Based on Product, the market is segmented into Veterinary Practice Management Software, Veterinary Imaging Software, Other Software. Based on Delivery Model, the market is segmented into On-Premise Model, Web-Based/Cloud-Based Model. Based on Practice Type, the market is segmented into Exclusive Small Animal Practices, Mixed Animal Practices, Exclusive Large Animal Practices. Based on Type, the market is segmented into Integrated Software, Standalone Software. Based on End User, the market is segmented into Veterinary Hospitals and Referral Practices, Clinics and Ambulatory Practices, Specialty and Emergency Hospitals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product Type
The practice management software (PMS) segment led the market with the highest revenue share of 56.80% in 2023, supported by observing standard practices and numerous healthcare guidelines recorded by this system due to its widespread use in the clinics and hospitals in developed and developing countries. In addition to helping with billing and billing, inventory management, inventory management, and treatment plan management, it also monitors patient health status and consequently drives PMS benefits and operational efficiencies high. These factors are expected to fuel the growth of the market during the forecast period. Improvements in strategic planning by key players are expected to drive segment expansion during the forecast period. For example, MWI Animal Health launched an enhanced the PetPage Patient Portal, a web and mobile application platform for the pet wellness, in May 2023. The software is delivered to the Program through MWI's cloud-based AllyDVM veterinary software suite is for veterinary agencies and their customers for make it easier for pet owners to communicate by allowing them a smartphone remotely.
The veterinary telehealth software segment is expected to grow at the fastest pace at a CAGR of 19.65% during the forecast period, owing to increasing demand for telehealth services and adoption of telemedicine in veterinary practice.Together, the increasing adoption of centralized virtual consulting is driving the rapid growth of this segment. The veterinary telehealth software segment is playing a transformative role in the veterinary software market, significantly enhancing how veterinary services are delivered. As pet owners demand more convenient and convenient care for their animals, telehealth solutions provide essential access for remote consultations, assessments and follow-up appointments. This software allows veterinarians to with pet owners communicate via video calls, messages and digital notifications, allowing for customization, reduced visitation requirements, especially for routine inspections or non-emergency situations.
Veterinary telehealth software also streamlines the assessment process by allowing veterinarians to remotely assess a pet’s condition quickly and determine if hospitalization is warranted. It also helps veterinary agencies run their business more efficiently. The software is especially useful in rural or underserved areas where access to veterinary services is limited. Facilitating remote monitoring expands veterinary practices, allowing services to be delivered to a wider population.
Analysis by Practice Type
The exclusive small animal practices segment led the veterinary software market growth with the largest revenue share of 60.37% in 2023. This segment includes software revenue from veterinary services for small companion animals (dogs and cats) as their primary care source. Veterinarians and veterinary clinics can better manage their daily activities and provide higher quality veterinary care with the help of specialized equipment of small animal PMS support. The key drivers of market growth in this segment are factors a production, software integration and increasing practice management opportunities in small animal practices.
For example, spending on pets in 2013 was $57.8 million, according to November 2023 data from the U.S. Department of Agriculture. According to the Bureau of Labor Statistics. By the end of 2021, this amount has grown to $102.8 million, an increase of 77.9% in just 8 years. This shows how the importance of equipment, advanced systems, and above all programs and software has increased. Major companies are introducing new products to the market due to the growing veterinary interest in small-animal software.
The mixed animal practices segment plays an important role in the demand for veterinary software, as these practices deal with a variety of species including companions, livestock, and exotic species. The demand of veterinary software providers is pushing to develop scalable, flexible solutions to meet these demands.
Additionally, mixed-animal practices are increasingly adopting mobile-enabled cloud-based veterinary software to increase accessibility and streamline collaboration in both clinical and field settings. This capability provides veterinarians can access critical information remotely, improving the quality and speed of care, especially for livestock animals. Consequently, growth in the livestock business mix segment includes innovation and flexibility from software providers, expanding the capacity of the veterinary software industry to handle a variety of veterinary applications a extends the solution.
Global Veterinary Software Market By Product Type (%)
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Veterinary Software Market Regional Insights
North America dominates the veterinary software industry with a revenue share of 35.85% in 2023. The presence of well-established competitors and the increasing need for maintenance from veterinary hospitals to support the daily operations and it is driving this market. This lets you know the number of patients, appointments, and routine tasks that go along with running a veterinary clinic. With so many big animal health companies, the U.S. has a lot to offer in the market forecast. Growing innovations in veterinary software are expected to help expand the veterinary software market industry. For example, in April 2023, DaySmart Software acquired ReCPro Software, a specialist leisure management software provider, expanding its portfolio to support the leisure vertical. The purpose was to provide ReCPro customers with DaySmart based solutions cloud based and customer service -Strengthened to service departments.
The veterinary software market in Asia-Pacific is expected to grow at the fastest CAGR during the forecast period. The market is expanding rapidly in Asia-Pacific, which can be attributed to the increasing number of pets, demand for animal products and increasing incidence of viral diseases including veterinary practices in developing countries such as China and India and to save time and focus on patient care. Software is gradually adopted. Availability of well-established competitors and cutting-edge software solutions has helped the market expansion significantly. For example, FUJIFILM Healthcare Asia-Pacific Pte. Ltd. expanded its healthcare business in Thailand in February 2023. As part of a single facility, Total Healthcare Solution, the company unveiled cutting-edge diagnostic image and case solutions with cutting-edge medical image analysis & Artificial Intelligence.
Global Veterinary Software Market By Geography
- Largest
- Fastest
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Veterinary Software Market Dynamics
Veterinary Software Market Drivers
Increasing Adoption of Pet Insurance
- Increased pet ownership and increased awareness of animal health issues are driving the global adoption of pet insurance. As pet owners are more concerned about the health and welfare of their animals and are willing to invest in medical insurance policies this has increased the number of veterinary tourists, increasing the demand for veterinary services and facilitating operations has been increased. Integrating pet insurance information into veterinary software reduces the administrative burdens and ensures better communication between insurers, pet owners and veterinarians.
Growing Need for Effective Behavior Management
- From small hospitals to large hospitals, veterinary practices are facing increasing pressure to manage their operations. Veterinary software program solutions offer a complete technique to coping with the entirety from scheduling appointments to coping with the patient records to billing and inventory control. Veterinary software no longer simplest improves the accuracy of document preserving however additionally enhances the patient enjoy by using facilitating processes consisting of the appointments, observe-up tests, and communique with pet owners. Thus, the growing need to do this work is a key driver for the use of these programs in grant programs.
Veterinary Software Market Restraints
Initial High Cost of Implementing Software
- The main barrier to wider adoption of veterinary software is the high initial cost. The prices related to purchasing and customizing the software solutions can be prohibitive, mainly for small unbiased veterinary practices. As a result, many small hospitals select to retain the usage of conventional techniques which include paper-based totally information or simple digital systems, proscribing their capability to use advanced software capabilities, specifically in practices that have no longer of extra increase economic burden remains a constraint on marketplace growth. These prices are often compounded by the need for ordinary software updates, ongoing technical assistance and group of workers' education.
Lack of Technical Knowledge
- Another major challenge that hinders veterinary policy implementation is the lack of technical expertise among veterinarians. Even with software programs in location, workers can battle with generation and resulting in misuse or abuse of device assets. Many veterinary clinics, especially in the rural or underserved areas, lack the skilled IT personnel to broaden and hold complicated software systems.
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Veterinary Software Market Competitive Landscape
There is intense competition in the veterinary software market growth due to the presence of well-established companies and new start-ups. These organizations are actively pursuing strategic initiatives aimed at increasing their market share and market presence. Large and small businesses use different strategies to gain competitive advantage. Furthermore, advanced and comprehensive support management strategies can be facilitated through strategic alliances and collaborative software development partnerships with other players in the industry.
Top Player’s Company Profiles
- Henry Schein
- IDEXX Laboratories
- Patterson Companies
- Animal Intelligence Software
- Timeless Veterinary Systems
- Britton’s Wise Computer
- FirmCloud Corporation
- Clientrax
- VIA Information System
- Hippo Manager Software
- Finnish Net Solutions
- OR Technology (OEHM und Rehbein GmbH)
Recent Developments
- In April 2024, the market merged with Weave Shepherd and enhanced its capabilities in customer engagement and professional communication.
- In January 2024, Covetrus unveiled its VetSuite solution at VMX 2024, which provided a combination of technology and services to streamline veterinary services and improve pet care. The company partnered with Zoetis Diagnostics to exchange information that is not done, improved veterinarians’ diagnostic capabilities and improved patient care.
- In November 2023, a new laboratory for Antec Diagnostics opened in Warwick. For the debut, Antec’s first comprehensive and scalable portfolio—including software solutions, internal analysis, images and reference labs has arrived in the UK.
Veterinary Software Key Market Trends
- Cloud-based Veterinary Solutions: The shift to cloud-based veterinary software is one of the major factors in the veterinary software market trend. These platforms enable veterinarians to access real-time data from any location, which is particularly advantageous for the mobile veterinary services or multi-site practices-based systems provide advanced safety management, data backup, and are easily integrated with other digital tools such as the telemedicine platforms, making it an attractive option for modern veterinary medicine.
- Integrating Artificial Intelligence (AI) Into Veterinary Medicine: Artificial intelligence (AI) plays an increasingly important role in veterinary software, delivering advanced AI-powered diagnostic tools, treatment planning, and data-intensive patient tracking software assist veterinarians in making accurate diagnoses, predicting outcomes and providing appropriate treatment. Machine learning algorithms are also used, to help diagnose diseases faster.
Veterinary Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the veterinary software market share is growing exponentially due to increasing adoption of pet insurance and demand for effective behaviour management. However, high implementation costs and the lack of technical expertise are limitations for the small hospitals. Key trends such as the integration of cloud-based solutions and AI are changing veterinary practice, enabling access and technological advancements. These trends are driving the digital revolution in the industry and promise to improve veterinary services and enhance the quality of care. Veterinary clinics are looking for veterinary software that allows them to connect effortlessly to external databases and other platforms, such as imaging software, telehealth software, etc. Healthcare management and data exchange is enabled by such integration. Analytical technologies commonly integrated with veterinary software to provide insightful information about patient demographics, treatment outcomes, and clinical performance can help hospitals optimize their operations and share these findings make data-driven decisions. A variety of technological advances that create new services, improve software integration, and enhance the overall performance of these veterinary software systems. Continued efforts to integrate healthcare and IT to create useful technologies for consumption, diagnose and treat the effects of diseases in human animals.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.16 billion |
| Market size value in 2031 | USD 3.57 billion |
| Growth Rate | 13.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Veterinary Software Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Veterinary Software Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Veterinary Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Veterinary Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Veterinary Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Veterinary Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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