VETERINARY SOFTWARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global veterinary software market is estimated to be valued at USD 1.24 Bn in 2024 and is expected to exhibit a CAGR of 7.2% during the forecast period (2024-2031). Veterinary software allows veterinarians to effectively manage their practice and provide quality care to patients. It offers various capabilities including patient and client management, digital health records, appointment scheduling, inventory control, and billing. The software automates routine tasks and facilitates streamlined workflows. This boosts efficiency and ensures compliance with best practices. It also enables convenient access to patient data from any location. This is beneficial for both veterinarians and pet owners in an increasingly digital world. Remote care is becoming more important and veterinary software supports delivery of such services through telehealth integrations. As demand for quality pet care rises, driven by humanization of pets, veterinary software will continue gaining adoption among practices to enhance service delivery.
Market Dynamics:
Some key factors driving the veterinary software market include growing companion animal population globally, rising veterinary healthcare expenditure, increasing preference for digitization of practice management, and need for better clinical outcomes. However, high costs associated with software deployment and upgrades along with lack of IT expertise in certain veterinary practices are major restraints. Advanced analytics capabilities in software to enable data driven decisions and emerging paradigms like cloud computing are opening up new opportunities. Additionally, focus on personalized medicine and preventive care through digital tools holds promise for market players.
Key Features of the Study:
- This report provides in-depth analysis of the global veterinary software market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global veterinary software market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Idexx Laboratories, Covetrus Inc., Shepherd Veterinary Software, DaySmart Software, ProVet , Asteris, Carestream Health, Heska Corporation, VetStoria, Planmeca OY, Instinct Science LLC, OnwardVet, VETport, ezyVet, and PetDesk
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global veterinary software market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global veterinary software market
Market Segmentation
Market Segmentation
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