According to a newly released Future Market Insights study, the Animal Health Software market’s revenues were expected to be US$ 1.6 billion in 2021 and are projected to increase at a CAGR of 10.2% from 2022 to 2032. The market is anticipated to grow to US$ 1.6 billion worth by the end of 2032. The increased demand from veterinary professionals, which is the main factor driving market expansion, is what drives patient demand.
Additionally, it’s expected that in the upcoming years, increased awareness of the advantages of using software solutions as well as a rise in the number of pet owners visiting veterinary clinics would encourage their adoption. The animal health industry is being impacted by concerns over pet health and a rise in companion pet ownership. Another important element for market expansion is placing more attention on the efficiency and safety of animal production.
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The demand for Practise Management Software is anticipated to drive market growth because these systems help practitioners support and record various standards of care protocols, and healthcare recommendations, keep track of the patient’s condition with invoicing and billing, and manage treatment procedures overall.
The market for animal health software was valued at US$ 1.6 billion in 2021 and grew by 8% between 2022 and 2032. According to Future Market Insights, sales from Animal Health Software would increase 2.6X between 2022 and 2032, reaching over US$ 1.6 Billion in that year.
During the projection period, practice management software revenue is anticipated to increase at a CAGR of 10.5%. In the years 2022 to 2032, the on-premise category is anticipated to develop at the fastest rate, 9.8% CAGR. By 2032, the US is anticipated to generate the most money, amounting to $675.7 Million.
Competitive Landscape
The key Animal Health Software companies include IDEXX Laboratories Inc., Hippo Manager Software Inc., VetZ Limited, Esaote SpA, Henry Schein Inc, Patterson Companies, Vetter Software, Animal Intelligence Software, Timeless Veterinary Systems, ezyVet Limited, Britton’s Wise Computer, FirmCloud Corporation, Clientrax, VIA Information System, Finnish Net Solutions, Carestream Health, and OR Technology.
Some of the recent developments of key Animal Health Software providers are as follows:
- In August 2021, Petabyte Technology announced a cooperation to improve the lives of veterinarians, their staff, and pet owners with revolutionary software. The two firms proposed collaboration to enhance Petabyte’s next generation of software in order to transform animal hospital operations and the pet parent experience.
- Recently, the Veterinary Hospitals Association has managed to enter into a partnership agreement with PetDesk. This agreement provides all Veterinary Hospitals Association members with exclusive access to improved and simplified client communication solutions.
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Animal Health Software market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product Type (Practice Management Software, Imaging Software), Deployment Mode (On-premise, Cloud-based) By Practice Type (Small animals, Mixed Animals, Equine, Food-producing Animals, Others) by End-User (Hospitals/Clinics, Reference Laboratories) across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
Market Segments Covered in Animal Health Software Industry Analysis
By Product Type:
- Veterinary Practice Management Software
- Veterinary Imaging Software
By Deployment Mode:
- On-premise Animal Health Software
- Cloud-based Animal Health Software
By Practice Type:
- Small Animals
- Mixed Animals
- Equine
- Food-producing Animals
- Other Practice Types
By End-User:
- Hospitals/Clinics
- Reference Laboratories
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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