The global veterinary software market is expected to reach USD 696.0
million by 2025, growing at a CAGR of 8.9%, according to a new report by Grand
View Research, Inc. Increase in prevalence of zoonotic diseases is a key market
driver for the growth of this market. Rising prevalence has triggered the
demand for animal health diagnostics & monitoring services, which is
expected to drive the market growth over the forecast period.
The growing adoption of integrated software systems for diagnostics
& treatment is anticipated to fuel the growth over the following years. Pet
health information systems that enable real-time analysis of prevalence of
diseases will help researchers develop therapeutics. The incorporation of these
solutions in laboratories is another growth propeller for veterinary reference
laboratories.
Moreover, zoonotic diseases pose a major public health burden,
especially in tropical regions due to lack of funds and healthcare
infrastructure. Increase in willingness to pay for animal healthcare is expected
to fuel the adoption of animal health diagnostics and imaging software over the
forecast period.
Full research report on veterinary software market analysis:
http://www.grandviewresearch.com/industry-analysis/veterinary-software-market
http://www.grandviewresearch.com/industry-analysis/veterinary-software-market
Further Key Findings From the Study Suggest:
·
Practice management systems held the
dominant share due to benefits with its usage including medical record maintaining,
billing, appointment scheduling, and follow up of patients
·
The imaging software segment is anticipated
to witness lucrative CAGR over the following years due to increase in
investments from veterinary product manufacturers coupled with introduction of
advanced solutions
·
Food-producing animals accounted for
largest revenue share in 2016 owing to increasing demand from consumers
·
The rise in production of animal-based food
products is expected to lead to significant price reduction and help meet the
increasing demand for these food products, globally. In addition, animal
welfare organizations are consistently striving to achieve high food security
·
Reference laboratories are expected to grow
with the fastest CAGR during the forecast period owing to growing demand from
veterinary practitioners
·
The North America veterinary software
market held the dominant share as of 2016, owing to increasing number of pet
owners in this region
·
Asia Pacific regional market is anticipated
to show lucrative CAGR due to increase in number of mergers & acquisitions
by established players in this region
·
IDEXX Laboratories; Patterson Companies,
Inc.; and Henry Schein, Inc. held the dominant revenue share of the industry
owing to their wide regional presence and technologically advanced product
offerings
·
Competitive strategies such as new product
developments, regional expansion, and merger & acquisitions are expected to
propel growth
·
For instance, in February 2016, the company
completed the acquisition of RxWorks with an intention to set up veterinary
practice management software business, primarily in the UK, Australia, New
Zealand, Netherlands, and other countries
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented veterinary software market on the
basis of the product, delivery mode, practice type, end use, and region:
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
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
o U.S.
o Canada
·
Europe
o U.K.
o Germany
·
Asia Pacific
o Japan
o China
o India
·
Latin America
o Mexico
o Brazil
·
MEA
o South Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-veterinary-software-market
https://www.grandviewresearch.com/press-release/global-veterinary-software-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.