The global Veterinary Software Market is estimated to touch US$ 696.0 million by the completion of the prediction period. The market was appreciated by US$ 322.8 million in the year 2016. Upsurge in occurrence of zoonotic sicknesses is an important motivator for the progress of the market. Increasing occurrence has prompted the demand for animal fitness diagnostics & checking facilities. This is estimated to motivate the progress of the market above the period of prediction. The veterinary software market is estimated to develop at a CAGR of 8.9% for the duration of the prediction.

The increasing acceptance of combined software arrangements for diagnostics & treatment is expected to trigger the development above the subsequent years. The information system about the fitness of the pet, that permits actual examination of the occurrence of sicknesses will assist scientists to improve therapeutics. The combination of these resolutions in research laboratory is additional motivator of the development for veterinary reference laboratories. The veterinary software market on the source of Type of End Use could span Reference Laboratories, Hospitals/Clinics.

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The veterinary software industry on the source of Type of Practice could span Food Producing Animals, Mixed Animals, Equine, Small Animals and Others. The subdivision of small animal practices has ruled the market in the recent past year. It is too anticipated to record the maximum progress percentage for the duration of the prediction. The development of this subdivision is credited to the growing yearly expenditure on pet upkeep in industrialized nations and growing sum of small pet holders. The veterinary software on the source of Mode of Delivery could span Cloud/Web-Based, On Premise.

The veterinary software market on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into Imaging Software, Practice Management Software. The subdivision of Practice Management Software was responsible for the biggest stake of the market of veterinary software, during the recent past year. Such as this software decreases the opportunities of mistake and the general price of a veterinary healthcare ability.

The veterinary software industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction period could span North America [U.S., Canada], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil, Mexico], Middle East & Africa [South Africa].

By the source of geography, North America has ruled the market of veterinary software in recent past year. Europe followed suit. The major stake of this geographic subdivision is mainly credited to the growing government funds toward the increasing demand for superior pet upkeep. Additional development aspects consist of increasing consciousness about veterinary software and the informal obtainability of it along with the services in this area.

The Asia Pacific’s provincial market is expected to observe beneficial CAGR throughout the period of prediction owing to increasing demand for veterinary practice management. This is a consequence of unceasingly rising populace of livestock, growing demand for animal resultant foodstuff products, and growing acceptance of pet in this area.

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The statement revises Trades in terms of intake of veterinary software in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. The various companies operating in this market are accepting a number of policies, for instance product presentations& upgradations, contracts, corporations, and group effort to broaden their product ranges and increase their existence in the market.

Some of the important companies operating in the field are Henry Schein, Inc., IDEXX Laboratories, Patterson Companies, Inc., ClienTrax, Finnish Net Solutions, VIA Information Systems, MedaNext, Timeless Veterinary Systems, Vetter Software, Care stream, Hippo Manager Software, OR Technology [Oehm Und Rehbein GmbH], FirmCloud Corporation, Brittons Wise Computer, and Animal Intelligence Software.

Market Segment:

Veterinary Software Product Outlook (Revenue, USD Million, 2014 - 2025)
• Practice Management Software
• Imaging Software

Veterinary Software Delivery Mode Outlook (Revenue, USD Million, 2014 - 2025)
• On Premise
• Cloud/Web-Based

Veterinary Software Practice Type Outlook (Revenue, USD Million, 2014 - 2025)
• Small Animals
• Mixed Animals
• Equine
• Food Producing Animals
• Others

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Veterinary Software End-use Outlook (Revenue, USD Million, 2014 - 2025)
• Hospitals/Clinics
• Reference Laboratories

Veterinary Software Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• Japan
• China
• India
• Latin America
• Mexico
• Brazil
• MEA
• South Africa

The veterinary software market to grow from USD 442 million in 2017 to USD 594 million by 2022, at a CAGR of 6.1% during the forecast period

The major factors that are expected to be driving the veterinary software market are rising companion animal ownership and demand for pet insurance with growing animal health expenditure. However, 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 growth of Veterinary Software Industry.

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By delivery model, the on-premise delivery model segment is expected to dominate the veterinary software market.

On the basis of delivery model, the global veterinary software market is segmented into two broad categories—on-premise model, and web-based/cloud-based model. The on-premise model segment is estimated to account for the largest share of the global veterinary software market in 2017. The large share of this segment can be attributed to the advantages of the on-premise delivery model, such as the low risk of data breach, flexible connection bandwidth, and the availability of easy customization options.

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By practice type, the exclusive small animal practices segment is expected to register the highest CAGR during the forecast period.

On the basis of practice type, the veterinary software market is segmented into exclusive small animal practices, mixed animal practice, and exclusive large animal practices. The exclusive small animal practices segment is expected to register the highest CAGR during the forecast period. The high growth in this segment can be attributed to the increasing number of small pet owners and rising annual spending on pet care in developed countries.

The North America Veterinary Software Industry is expected to grow at the highest CAGR during the forecast period

North America is expected to witness the highest growth from 2017 to 2022, owing to the growing demand for quality pet care. This, in turn, is encouraging veterinarian practices to adopt technology solutions such as digital imaging systems and veterinary practice management software for better diagnosis. Other growth factors include growing awareness about veterinary software and the easy availability of veterinary software and services in this region.

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Key Market Players:

Henry Schein (US), IDEXX Laboratories (US), Patterson Companies (US), Vetter Software (US), Animal Intelligence Software (US), Timeless Veterinary Systems (Canada), Brittons Wise Computers (US), ezyVet Limited (New Zealand), FirmCloud Corporation (US), MedaNext (US), OR Technology (Oehm Und Rehbein GmbH, Germany), VIA Information Systems (US), Hippo Manager Software (US), Finnish Net Solutions (Finland), Carestream (Canada), and ClienTrax (US)

 The growth of this market is majorly driven by factors such as the rising companion animal ownership, growing animal healthcare expenditure, growing product innovation and software integration, and the consolidation of the veterinary healthcare industry.

What the Market Looks Like?

Predicted to grow at a CAGR of 6.1% during the forecast period, the global Veterinary Software market is estimated to reach USD 594 million by the end of 2022.

“Veterinary practice management software segment dominated the market in 2017”

Based on product, the veterinary software market is segmented into veterinary practice management software, veterinary imaging software, and other software. The veterinary practice management software segment accounted for the largest share of the market in 2017.

“Exclusive small animal practices segment dominated the veterinary software market, by practice type, in 2017”

Based on practice type, the veterinary software market is segmented into exclusive small animal practices, mixed animal practices, and exclusive large animal practices. The exclusive small animal practices segment dominated the market in 2017 and is estimated to grow at the highest CAGR during the forecast period.

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Geographical growth scenario of Veterinary Software Market

In 2017, North America was the largest regional market for veterinary software, followed by Europe. The high demand for veterinary software in North America can primarily be attributed to the growing demand for quality pet care in the region. 

Leading market players

The prominent players in the Veterinary Software market include Henry Schein (US), IDEXX Laboratories (US), Patterson Companies (US), Vetter Software (US), Animal Intelligence Software (US), Timeless Veterinary Systems (Canada), Brittons Wise Computers (US), ezyVet Limited (New Zealand), FirmCloud Corporation (US), MedaNext (US), OR Technology (Oehm Und Rehbein GmbH, Germany), VIA Information Systems (US), Hippo Manager Software (US), Finnish Net Solutions (Finland), Carestream (Canada), and ClienTrax (US).

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The growth of this market is majorly driven by factors such as the rising companion animal ownership, growing animal healthcare expenditure, growing product innovation and software integration, and the consolidation of the veterinary healthcare industry. 

The Veterinary Software market is projected to reach USD 594 million by 2022 from USD 422 million in 2017, at a CAGR of 6.1%.

Market Dynamics 

+ Drivers 

+ Rising Companion Animal Ownership
+ Growing Product Innovation and Integration for Better Practice Outcomes
+ Rising Demand for Pet Insurance with Growing Animal Health Expenditure
+ Growing Consolidation of the Veterinary Healthcare Industry 

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Veterinary practice management software segment dominated the market in 2017 
The veterinary software market is segmented into veterinary practice management software, veterinary imaging software, and other software. The veterinary practice management software segment accounted for the largest share of the market in 2017. The demand for this software is higher among veterinarians as it helps reduce the possibilities of errors and improve the cost-efficiency of operations. 

Exclusive small animal practices segment dominated the veterinary software market, by practice type, in 2017 
The veterinary software market is segmented into exclusive small animal practices, mixed animal practices, and exclusive large animal practices. The exclusive small animal practices segment dominated the market in 2017 and is estimated to grow at the highest CAGR during the forecast period. This can primarily be attributed to the increasing companion animal population and the rising annual spending on pet care in developed countries. 

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The growth of Veterinary Software market is majorly driven by factors such as the rising companion animal ownership, growing animal healthcare expenditure, growing product innovation and software integration, and the consolidation of the veterinary healthcare industry.

Market Size

The global Veterinary Software Market is projected to reach USD 594 million by 2022 from USD 421 million in 2017, at a CAGR of 6.1%.

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“Veterinary practice management software segment dominated the market in 2017”

Based on product, the veterinary software market is segmented into veterinary practice management software, veterinary imaging software, and other software. The veterinary practice management software segment accounted for the largest share of the market in 2017. The demand for this software is higher among veterinarians as it helps reduce the possibilities of errors and improve the cost-efficiency of operations.

“Exclusive small animal practices segment dominated the veterinary software market, by practice type, in 2017”

Based on practice type, the veterinary software market is segmented into exclusive small animal practices, mixed animal practices, and exclusive large animal practices. The exclusive small animal practices segment dominated the market in 2017 and is estimated to grow at the highest CAGR during the forecast period. This can primarily be attributed to the increasing companion animal population and the rising annual spending on pet care in developed countries.

 Recent Developments

• IDEXX Neo (January 2016), rVetLink (June 2017), and IDEXX Web PACS (September 2015) are some of the products launched by the IDEXX Laboratories in the last few years.
• eVetPractice (2017), RxWorks (2016), and Vetstreet (2016) are some of the recent acquisitions made by the Henry Schein (US).

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