The global veterinary practice management software market was valued at US$ 292.67 Million in 2020 and is expected to reach US$ 615.40 Million by 2030, growing at a CAGR of 7.6% from 2021 – 2030.
Veterinary practice management software plays a vital role in veterinary practices and is used in day-to-day operations including scheduling appointments, capturing patient demographics, communicating with patients, managing patient information, and other daily tasks of veterinary operations. With increasing time, veterinary practice management software has become a crucial part of the veterinary practice. In simple terms, veterinary practice management software eases out the tasks of the veterinary practitioner by managing their tasks in an automated manner. Veterinary practice management software is very efficient and the patients get way more information than earlier, they will be updated about the diagnosis reports, due invoices, upcoming appointments and it even helps in the retrieval of lost medical reports, bills, or receipts. All these things lead to greater customer satisfaction and the negative response or complaints from the client will be negligible. At present, they are specifically used in veterinary hospitals & clinics, referral practices, and ambulatory veterinary clinics for streamlining tasks, product insightful business, operational reports, and reducing redundant operations.
The increase in pet companionship is increasing globally, technological advancements, increasing risks of developing chronic & infectious diseases in cattle and pets, increasing disposable income leading to more expenditure on pets, and demand for pet insurance globally are leading the global veterinary practice management software market. However, lack of awareness about veterinary software and lack of proper technology especially in developing countries, and lack of governmental support & fundings acts as a restraint to the global veterinary practice management software market. Furthermore, a hike in the number of veterinary practitioners coupled with the increased establishment of clinics marks a certain upsurge in the growth of the global veterinary practice management software market.
The global veterinary practice management software market is bifurcated on the basis of Product, Delivery Model, Animal Type, and Region. The Product segment is further divided into Practice Management Software, Veterinary Imaging, and Other Products. Among Product segment, the Practice Management Software segment dominates the market owing to its high usage by veterinary practitioners in billing & invoicing, maintaining patient records, appointment management, boarding management, prescription labeling, and treatment management. By Delivery Model, the scope of the report offers, On-Premise and Cloud-Based Software. The On-Premise segment is leading the global market because of its several advantages such as flexible connection bandwidth, low risk of data breach, and availability of easy customization options. By Animal Type, the global market is classified into Small Animal Practices, Mixed Animal Practices, and Exclusive Large Animal Practices. Among all the segments under Animal Type, Small Animal Practices is anticipated to register the highest number of CAGR during the forecast period owing to increased pet ownership and increased expenditure on pets.
Based on Region, the global veterinary practice management software market is segmented into North America, Europe, Asia-Pacific, and RoW. North America is further classified into U.S., Canada, and Mexico. Europe is further segmented into Germany, the U.K., France, Italy, Spain, Russia, and the rest of Europe. Asia-Pacific is segmented into China, Japan, India, Australia, South Korea, and the rest of APAC. The RoW includes South & Central America, the Middle East, and Africa. North America is leading the global veterinary practice management software market among all the geographies where the U.S. itself held 60% of the market share. Europe is growing at a decent rate and is expected to flourish in the forecast period.
The prominent players of the global veterinary practice management software market are Vetter Software, Inc., Animal Intelligence Software, Inc., Patterson Companies, Inc., IDEXX Laboratories, Inc., Timeless Veterinary Systems, Inc., ezyVet Limited, Britton's Wise Computer, Inc., FirmCloud Corporation, VIA Information Systems, ClienTrax, Carestream Health, and VIA Information Systems among others.
Market Segmentation And Scope Of the Global Veterinary Practice Management Software Market
By Delivery Model
By Animal Type
Rest of the World
Prominent players of the Global Veterinary Practice Management Software Market