According to Future Market Insights’ newly released Animal Health Software industry analysis report, global sales of Animal Health Software in 2023 are expected to be USD 692.4 million. With a predicted CAGR of 11%, the market is expected to reach a valuation of USD 1966.1 million by 2033.
During the pandemic, the need for virtual pet care visits surged, resulting in extensive use of Animal Health Software solutions. The number of pet owners has increased dramatically over the years, and this trend is expected to continue.
The Asia Pacific market is expected to grow at a rapid pace over the forecast period. Increased disposable income is projected to boost the likelihood of pet adoption and create new economic opportunities. As advanced healthcare infrastructure continues to be modernized, the market is anticipated to grow throughout the forecast period.
According to reports, market potential has increased, notably in Asia Pacific, as a result of rising veterinary medical costs and pet population lifestyle in nations such as China and India.
Report Sample of Animal Health Software Market Comprehensive Insights
On the other hand, there are several prospects for PMS implementation in North America, which offers significant investment potential in this area. The expanding number of pet health organizations, including the World Small Animal Veterinary Association, alongside increasing pet care spending by people and governments, is likely to generate even more market expansion in this region.
Key Takeaways from the Market Study
- The market has grown at a CAGR of 10% during the last five years.
- The Asia Pacific area is expected to increase at the quickest rate, around 9.5%.
- Food-producing animals maintained a greater than 42% dominance in 2022.
- The United States has a market share of more than 41% for Animal Health Software.
- The greatest revenue-generating kind is predicted to be Practice Management Software, with an absolute monetary opportunity of about USD 750 million from 2023 to 2033.
Competitive Landscape
- In May 2022, Covetrus released Ascend, a complete, cloud-based Practice Management software focused on assisting veterinary practices in the UK, EMEA, and Asia Pacific. Ascend is supposed to increase efficiency by boosting internal communication and cooperation, making life easier for both staff and customers.
- As reported by LifeLearn Animal Health, an innovator of electronic software services to veterinary practices, ClientEd, the client learning resource established to save veterinary practices time and increase pet owner governance, was fully integrated into Shepherd’s veterinary practice management software in October 2022.
Key Players
- 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
- OR Technology
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More Valuable Insights
In its new offering, Future Market Insights presents an unbiased analysis of the global Animal Health Software market, presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by Product Type (Veterinary Practice, Management Software, Veterinary Imaging Software), Deployment Mode (On-premise Animal Health Software, Cloud-based Animal Health Software), Practice Type (Small Animals, Mixed Animals, Equine, Food-producing Animals, Other Practice Types), End-User (Hospitals/Clinics, Reference Laboratories), and Region.
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
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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