Veterinary Software Market Growth of USD 161.37 Million | Evolving opportunities with Animal Intelligence Software Inc., Brittons Wise Computer Inc. and Covetrus Inc.

NEW YORK, 20 December 2021 / PRNewswire / – 41% of growth will come from North America for the veterinary software market. The United States is a key market for veterinary software in North America. Market growth in this region will be faster than market growth in Europe, MEA and South America. Rising pet insurance, high number of pet owners, and technological developments in the field of diagnostics will facilitate the growth of the veterinary software market in North America during the forecast period . The veterinary software market is expected to grow by $ 161.37 million at 5.81% CAGR from 2021 to 2026, according to Technavio’s latest research report.

Attractive Opportunities in Veterinary Software Market by Deployment and Geography – Forecast and Analysis 2022-2026

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The veterinary software market covers the following areas:

Veterinary Software Market Driver
The global pet population is increasing as more and more households adopt pets. For example, about two-thirds of American households have at least one pet, most of which are dogs. The need to own a pet in the United States stems from the belief that animals make a positive contribution to human life. Other countries, like China, have come a long way in having pets, which was once considered illegal. Brazil and India are also witnessing a significant increase in their pet populations. A study on the psychology of pet owners shows that the majority of pet owners believe their pets have a positive impact on their physical and mental health, which has resulted in the growth of the pet market. the The increasing adoption of pets has increased the demand for pet care, veterinary services and veterinary visits.

Veterinary Software Market Challenges
Countries, especially in APAC, such as India, Sri Lanka, China, Indonesia and the Philippines do not have such strict regulations guiding pet safety. Those countries lack adequate veterinary clinics and pet care services which will hamper the growth of the market during the forecast period. This is due to the lack of organizations and authorities to regulate these matters. The governments of these countries focus primarily on the security of endangered species. Thus, the lack of properly established animal services in developing countries will hamper the growth of the market during the forecast period.

Veterinary Software Market – Segmentation

the veterinary software market the analysis includes deployment (on-premise and in the cloud) and geography (North America, Europe, APAC, South America, and MEA).

The growth of the veterinary software market share by the on-site segment will be important for income generation. Veterinary on-site deployment software is considered highly secure because it is managed and maintained by end users such as hospitals and other associated clinics. End users have full control over on-premise solutions due to monitored and restricted access, and this also allows them to customize veterinary software solutions as needed. This market segment is dominated by large organizations that are more concerned with functionality than cost. These organizations mainly deal with very critical data, so they increasingly rely on the on-premise model as it is more secure with end-to-end quality control and no third-party interference.

Companies mentioned

  • Animal intelligence software inc.

  • Brittons Wise Computer Inc.

  • Covetrus Inc.

  • EzyVet software and applications

  • FirmCloud Corp.

  • IDEXX Laboratories Inc.

  • Oehm und Rehbein GmbH

  • Timeless Veterinary Systems Inc.

  • Vetter Software Inc.

  • VIA Information Systems

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Scope of the veterinary software market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 5.81%

Market growth 2022-2026

$ 161.37 million

Market structure

Fragmented

Annual growth (%)

5.13

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 41%

Main consumer countries

United States, Germany, United Kingdom, France and China

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Animal Intelligence Software Inc., Brittons Wise Computer Inc., Covetrus Inc., ezyVet Software and Applications, FirmCloud Corp., IDEXX Laboratories Inc., Oehm und Rehbein GmbH, Timeless Veterinary Systems Inc., Vetter Software Inc. and VIA Information Systems

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

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