Insights on the Veterinary Software Global Market to 2027 - Increasing Number of Companion Pet Owners are Driving Growth
DUBLIN, April 28, 2022 /PRNewswire/ -- The "Global Veterinary Software Market Size, Share & Industry Trends Analysis Report By Product (Practice Management Software and Imaging Software), By Delivery Mode, By End-use, By Practice Type, By Regional Outlook and Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
The Global Veterinary Software Market size is expected to reach $919.2 million by 2027, rising at a market growth of 9.4% CAGR during the forecast period.
Veterinary software helps veterinary and equine practices, hospitals, and clinics to run smoothly. Patient data, patient's certificates, customer history, and appointment administration are all included in these systems. Veterinary software includes various other features such as farm Management software, Horse software, and Kennel software.
In addition, veterinary medicine is the discipline of medicine that deals with animal disease, disorder, and injury diagnosis, prevention, control, and treatment. Aside from that, it also deals with animal husbandry, breeding, nutrition research, and product creation. Veterinary medicine covers a large range of animal species, including domesticated and wild, as well as a wide range of diseases that can affect them. Veterinary medicine is frequently practiced, both under professional supervision as well as without it.
Professional care is usually provided by a veterinary physician, also called a veterinarian, veterinary surgeon, or vet, although it can also be provided by para-veterinary workers like veterinary nurses and technicians. Other paraprofessionals with specific expertise, such as animal physiotherapy or dentistry, and species-specific jobs, such as farriers, can perform this.
Veterinary software can be used on a web or mobile device application, but it is often available for both, and it helps vet clinic employees to handle both the animals that are their patients and the pet owners who are their clients. Veterinarians and their staff work with both pets and their owners at the same time, using veterinary practice management software to keep track of everything.
COVID-19 Impact Analysis
The rapid diffusion of the COVID-19 pandemic had a significant impact on the economy of the world. Numerous businesses, irrespective of their sizes, were completely demolished by the advent of the novel coronavirus. Moreover, the COVID-19 pandemic also devastated the healthcare infrastructure of various developed, developing, and under-developed nations as they were unable to fulfill the healthcare requirements of the patients. In addition, for the containment of the spread of the infection, governments all over the world imposed an industrial lockdown, due to which, all the industries were either shut or slowed down.
However, veterinary services are considered vital services in most areas, and they were operational even throughout the lockdown. This has contributed significantly to the continued utilization of veterinary software.
Market Growth Factors:
An increasing number of companion pet owners
The number of pet owners has risen dramatically in recent years around the world, and this trend is estimated to continue in the following years. In the modern era, there is a significant number of people who are adopting companion pets such as dogs, cats, and others. In addition, companion pet adoption is rapidly becoming a trend all over the world. There are several benefits of adopting companion pets, for instance, adopting a companion pet tremendously reduces loneliness in people. According to the News in Health, having a companion pet significantly reduces the stress and heart health of pet owners.
Moreover, the organization also mentioned that interacting with a pet can dramatically reduce the risk of cortisol and lower blood pressure in people.
The advent of cloud and web-based models
The on-premise veterinary software offers various features to its users. However, it needs a heavy desktop to be operated. Due to this, the focus of people is considerably shifting toward cloud or web-based veterinary software. Web-based/cloud-based software is gaining popularity in the veterinary software industry because it offers numerous benefits such as reduced upfront, maintenance, and operational costs, data centralization capabilities, increased interoperability, storage flexibility, and automated upgradation.
Despite the fact that there are only a few manufacturers who are selling web-based/cloud-based veterinary software, several established players, as well as new entrants, are also focusing on this market sector to leverage the advantages of the possible growth prospects. Because this sector of the market has a small number of players, companies can enhance their market positions by efficiently fulfilling the customers' demand for web and cloud-based veterinary software and services.
Marketing Restraining Factor:
Lack of government support and efforts
Animal welfare is continuously becoming a major focus of people and NGOs across the world. However, governments around the world offer minimal support to the veterinary software industry. In comparison to healthcare IT solutions, like human EHR, veterinary software adoption is quite low all over the world. This can be ascribed to the lack of government efforts and funds for veterinary software deployment in clinics and hospitals. This factor is restricting various new players from entering the veterinary software market. Moreover, there is a lack of government funds and investment in animal care, due to which, animal care clinics and hospitals are unable to deploy veterinary software across their infrastructure.
Additionally, government assistance for the installation of veterinary software is extremely limited in emerging nations. Companies find it difficult to operate in these areas as a result of this. Therefore, the lack of government efforts toward animal welfare is hindering the growth of the veterinary software market.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Veterinary Software Market
Chapter 4. Global Veterinary Software Market by Product
4.1 Global Practice Management Software Market by Region
4.2 Global Imaging Software Market by Region
Chapter 5. Global Veterinary Software Market by Delivery Mode
5.1 Global On-premise Market by Region
5.2 Global Cloud Market by Region
Chapter 6. Global Veterinary Software Market by End-use
6.1 Global Hospitals/Clinics Market by Region
6.2 Global Reference Laboratories Market by Region
Chapter 7. Global Veterinary Software Market by Practice Type
7.1 Global Food-producing Animals Market by Region
7.2 Global Small Animals Market by Region
7.3 Global Mixed Animals Market by Region
7.4 Global Equine Market by Region
7.5 Global Others Market by Region
Chapter 8. Global Veterinary Software Market by Region
Chapter 9. Company Profiles
9.1 Animal Intelligence Software, Inc.
9.1.1 Company Overview
9.2 Onward Vet
9.2.1 Company Overview
9.3 Veterinary Information Systems
9.3.1 Company Overview
9.4 ClienTrax
9.4.1 Company Overview
9.5 VetZ GmbH (Heska Corporation)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.6 Hippo Manager Veterinary Software, Inc.
9.6.1 Company Overview
9.7 IDEXX Laboratories, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.5.2 Acquisition and Mergers
9.8 Henry Schein, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Product Launches and Product Expansions:
9.8.4.2 Acquisition and Mergers
9.9 Patterson Companies, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Partnerships, Collaborations, and Agreements:
9.9.4.2 Acquisition and Mergers
For more information about this report visit https://www.researchandmarkets.com/r/pk8m1u
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