Veterinary Software Market Growth Size Analysis Report 2019

Market Overview:

The ****** veterinary software market is anticipated to reach USD 594.3 million by 2023 from USD 421.4 million in 2018, at a CAGR of 6.1%. Growing companion animal possession and demand for pet insurance with growing animal health expenditure are a number of the leading factors accountable for driving this market. Furthermore, growing product innovation and software integration by market players to assist their shoppers with higher practice outcomes, and the increasing consolidation of the veterinary healthcare business are other outstanding factors that are probable to propel the expansion of this market. The veterinary software these days fulfills different needs from boarding management, appointment setting, constant reminders, and patient records to treatment management and more. The veterinary software market also serves the demand for a non-invasive technique of capturing pictures for diagnostic functions.

Market Drivers and Restraints:

Many market drivers, restraints and opportunities have influenced market growth worldwide. Factors like a sudden increase in the variety of pet owners, the emergence of the care center, growing counts of veterinary practitioners and dependency on digital radiology instruments are the foremost outstanding market drivers. Alternative drivers favoring business enlargement includes continuous product development and innovations, integration of tool to attain paramount practice results. However, lack of awareness and weak government incentives have hindered market growth to a more considerable extent. On the opposite hand, reluctance to embrace new and innovative edge system is additionally preventing the market growth. Furthermore, market penetration in growing economies through coaching and academic programs would open new avenues for the veterinary software industry.

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Report segmented as:

By Product:

  • Practice Management Software
  • Imaging Software

By Delivery Model:

  • On-Premise
  • Web-based

By Practice Type:

  • Small Animal
  • Mixed
  • Large Animal
  • Equine

By End-use:

  • Hospitals
  • Reference Laboratories

Geographical Analysis:

The North American regional market for veterinary software held the most significant revenue share as of 2018 and is expected to maintain its position completely within the forecast period. Presence of well-established firms, advanced healthcare IT infrastructure, and a high spending capability of pet owners are accountable for the most significant revenue share of this sector. The Asia Pacific regional market is estimated to witness profitable CAGR during the forecast period because of the rising demand for veterinary practice management, which is a result of constant growing livestock population, rising demand for animal-derived food products, and increasing pet adoption in this region.

Important Market Players:

The veterinary software market comprises a network of players involved in the product development; raw material supply; and post-sales services. Major 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).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:

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Email: abhishek@marketdataforecast.com

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