U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Veterinary Software Market ” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
The veterinary software comprises the tools required for streamlining the daily tasks of a veterinary professional. These veterinary software primarily include veterinary practice management software and veterinary imaging software. The important features offered by them include appointment scheduling, inventory management, electronic health records management, payment portal integration, automated reminders, client communication support, veterinary image storage and management, and more. Factors such as rise in number of pet owners, increase in awareness of animal health, and rise in need for streamlining the veterinary hospitals tasks are primarily driving the growth of the global veterinary software market.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Further, the increase in government animal welfare initiatives across different countries and advanced technologies adoption in the veterinary industry is boosting the growth of this market. However, lack of skilled veterinary professionals to operate the veterinary software is impeding the market growth. On the contrary, increase in adoption of cloud-based technologies amongst veterinarians is expected to offer lucrative opportunities in this market.
The global veterinary software market is segmented into product type, deployment, software type, practice type, end user, and region. By product type, it is divided into veterinary practice management software, veterinary imaging software and others. In terms of software type, it is bifurcated into integrated software and stand-alone software. Depending on deployment, it is categorized into cloud and on-premise. According to practice type, the veterinary software market is segregated into exclusive small animal practices, mixed animal practices and exclusive large animal practices. Exclusive large animal practices are further divided into equine and bovine practices. As per end user, it is fragmented into hospitals or clinics and reference laboratories. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global veterinary software market along with the current & future trends to elucidate the imminent investment pockets.
– Information about key drivers, restrains, and opportunities and their impact analyses on the market size is provided in the report.
– Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
– The quantitative analysis of the global veterinary software market from 2019 to 2027 is provided to determine the market potential.
KEY MARKET PLAYERS
– Animal Intelligence Software, Inc.
– ClienTrax
– Covetrus, Inc.
– Hippo Manager Software Inc.
– IDEXX Laboratories, Inc.
– MWI Animal Health
– Patterson Companies Inc.
– Petabyte Technology
– Three Plus Group
– Timeless Veterinary Systems
– Vetspire – fgspire, Inc.
– Vetter Software, Inc.
– VetZ GmbH
– VIA Information Systems
KEY MARKET SEGMENTS
By Product type
– Veterinary Practice Management Software
– Veterinary Imaging Software
– Others
By Type
– Integrated Software
– Standalone Software
By Deployment
– On-premise
– Cloud
By Practice type
– Exclusive Small Animal Practices
– Mixed Animal Practices
– Exclusive Large Animal Practices
o Exclusive Equine Practices
o Exclusive Bovine Practices
By End user
– Hospitals/Clinics
– Reference Laboratories
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By Region
– North America
o U.S.
o Canada
– Europe
o UK
o Germany
o France
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
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