The veterinary practice management software market size has grown strongly in recent years. It will grow from $0.35 billion in 2023 to $0.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth observed in the historical period can be attributed to factors such as the occurrence of zoonotic illnesses, the expansion of companion animal ownership, the increased financial capacity of pet owners, the growing demand for telemedicine and remote services, and the proliferation of software applications in the veterinary healthcare industry.
The veterinary practice management software market size is expected to see strong growth in the next few years. It will grow to $0.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing rates of pet ownership, heightened awareness surrounding animal health, the expanding population of farm animals, the proliferation of veterinary hospitals, and the growing demand for pet insurance. Major trends expected in the forecast period encompass technological advancements, the integration of artificial intelligence (AI) and machine learning, the adoption of cloud-based solutions, the expansion of telemedicine services, and increased integration with wearable technology.
The burgeoning trend of pet ownership is expected to be a driving force behind the growth of the veterinary practice management software market in the coming years. Pet ownership entails the responsibility of caring for domesticated animals primarily for companionship and entertainment purposes. The increasing demand for pet ownership can be attributed to various factors including the desire for companionship and emotional support, influence from social media, and the implementation of pet-friendly policies. Veterinary practice management software plays a crucial role in managing the complexities of clinic operations, meeting the expectations of pet owners for high-quality care through streamlined record administration and communication capabilities. For instance, data from the American Pet Products Association in April 2024 revealed a notable increase in pet ownership, with 86.9 million US households owning a pet in 2023, representing 66% compared to 62% in 2022. Consequently, the rising prevalence of pet ownership is a key driver propelling the growth of the veterinary practice management software market.
Leading companies in the veterinary practice management software market are strategically focusing on the development of next-generation innovative solutions, such as pet owner engagement software, aimed at enhancing communication and interactions with veterinary clients. Pet owner engagement software seamlessly integrates veterinarian clinics and clients through modern digital tools, facilitating effective interaction within a single, user-friendly interface. For example, IDEXX Laboratories, Inc., a US-based company specializing in products and services for companion animal veterinarians, introduced Vello in February 2024. This appointment scheduling system enables veterinarians to connect with pet owners, offering automated appointment reminders and confirmations to reduce no-shows and save time for veterinary teams. Notably, Vello users reported an average 19% reduction in no-show rates. Additionally, its online scheduling tool allows pet owners to conveniently schedule appointments straight from health service reminders or the Vello software, providing easy access to pet health records, appointment information, prescription history, and test results via a mobile web browser.
In June 2021, IDEXX Laboratories Inc. further strengthened its position in the veterinary practice management software market through the acquisition of ezyVet, a New Zealand-based software company, for an undisclosed amount. This strategic move enables IDEXX to offer a comprehensive suite of cloud-based personal information management system (PIMS) solutions tailored for veterinary hospitals, corporate groups, and universities, catering to the needs of both general practice and specialty clinics.
Major companies operating in the veterinary practice management software market are Patterson Companies Inc., Covetrus Inc., IDEXX Laboratories Inc., Chetu Inc., Hippo Manager Veterinary Software Inc., Timeless Veterinary Systems International Limited, StringSoft, Vetstoria, ClienTrax, Provet Cloud, Shepherd Veterinary Software LLC, SpecVet LLC, VetlinkPRO, VetBadger, Vetspire LLC, VetEnvoy, Animal Intelligence Software, Advanced Technology Corp., DaySmart Software, VETport LLC, NaVetor, VetBlue, VETbuddy.
North America was the largest region in the veterinary practice management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary practice management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the veterinary practice management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Veterinarian practice management software is specialized software designed to enhance both administrative and clinical operations within veterinary offices, facilitating improved communication with clients and ultimately enhancing the quality of care provided by veterinarians. The primary goal is to support veterinarians, veterinary technicians, and administrative staff in effectively managing the various aspects involved in running a veterinary clinic or hospital.
The key product categories of veterinarian practice management software include appointment scheduling, electronic medical records, integrated veterinary practice solutions, inventory management, and medical billing software. Appointment scheduling software enables veterinary practices to efficiently manage appointments, facilitating scheduling, rescheduling, and cancellations to streamline daily operations. Deployment options encompass cloud-based and on-premise solutions, tailored for different types of practices such as companion animals, mixed animal, food-producing, equine, and others. End-users of this software range from veterinary hospitals, referral and specialty practices, ambulatory services, to veterinary clinics.
The veterinary practice management software market research report is one of a series of new reports that provides veterinary practice management software market statistics, including veterinary practice management software industry global market size, regional shares, competitors with a veterinary practice management software market share, detailed veterinary practice management software market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary practice management software industry. This veterinary practice management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The veterinary practice management software market consists of revenues earned by entities by providing services such as patient management, billing and invoicing, prescription management, workflow optimization, training, and support. The market value includes the value of related goods sold by the service provider or included within the service offering. The veterinary practice management software market also includes sales of products such as laboratory information management systems, client communication and engagement solutions, telemedicine and telehealth platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The veterinary practice management software market size is expected to see strong growth in the next few years. It will grow to $0.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing rates of pet ownership, heightened awareness surrounding animal health, the expanding population of farm animals, the proliferation of veterinary hospitals, and the growing demand for pet insurance. Major trends expected in the forecast period encompass technological advancements, the integration of artificial intelligence (AI) and machine learning, the adoption of cloud-based solutions, the expansion of telemedicine services, and increased integration with wearable technology.
The burgeoning trend of pet ownership is expected to be a driving force behind the growth of the veterinary practice management software market in the coming years. Pet ownership entails the responsibility of caring for domesticated animals primarily for companionship and entertainment purposes. The increasing demand for pet ownership can be attributed to various factors including the desire for companionship and emotional support, influence from social media, and the implementation of pet-friendly policies. Veterinary practice management software plays a crucial role in managing the complexities of clinic operations, meeting the expectations of pet owners for high-quality care through streamlined record administration and communication capabilities. For instance, data from the American Pet Products Association in April 2024 revealed a notable increase in pet ownership, with 86.9 million US households owning a pet in 2023, representing 66% compared to 62% in 2022. Consequently, the rising prevalence of pet ownership is a key driver propelling the growth of the veterinary practice management software market.
Leading companies in the veterinary practice management software market are strategically focusing on the development of next-generation innovative solutions, such as pet owner engagement software, aimed at enhancing communication and interactions with veterinary clients. Pet owner engagement software seamlessly integrates veterinarian clinics and clients through modern digital tools, facilitating effective interaction within a single, user-friendly interface. For example, IDEXX Laboratories, Inc., a US-based company specializing in products and services for companion animal veterinarians, introduced Vello in February 2024. This appointment scheduling system enables veterinarians to connect with pet owners, offering automated appointment reminders and confirmations to reduce no-shows and save time for veterinary teams. Notably, Vello users reported an average 19% reduction in no-show rates. Additionally, its online scheduling tool allows pet owners to conveniently schedule appointments straight from health service reminders or the Vello software, providing easy access to pet health records, appointment information, prescription history, and test results via a mobile web browser.
In June 2021, IDEXX Laboratories Inc. further strengthened its position in the veterinary practice management software market through the acquisition of ezyVet, a New Zealand-based software company, for an undisclosed amount. This strategic move enables IDEXX to offer a comprehensive suite of cloud-based personal information management system (PIMS) solutions tailored for veterinary hospitals, corporate groups, and universities, catering to the needs of both general practice and specialty clinics.
Major companies operating in the veterinary practice management software market are Patterson Companies Inc., Covetrus Inc., IDEXX Laboratories Inc., Chetu Inc., Hippo Manager Veterinary Software Inc., Timeless Veterinary Systems International Limited, StringSoft, Vetstoria, ClienTrax, Provet Cloud, Shepherd Veterinary Software LLC, SpecVet LLC, VetlinkPRO, VetBadger, Vetspire LLC, VetEnvoy, Animal Intelligence Software, Advanced Technology Corp., DaySmart Software, VETport LLC, NaVetor, VetBlue, VETbuddy.
North America was the largest region in the veterinary practice management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary practice management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the veterinary practice management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Veterinarian practice management software is specialized software designed to enhance both administrative and clinical operations within veterinary offices, facilitating improved communication with clients and ultimately enhancing the quality of care provided by veterinarians. The primary goal is to support veterinarians, veterinary technicians, and administrative staff in effectively managing the various aspects involved in running a veterinary clinic or hospital.
The key product categories of veterinarian practice management software include appointment scheduling, electronic medical records, integrated veterinary practice solutions, inventory management, and medical billing software. Appointment scheduling software enables veterinary practices to efficiently manage appointments, facilitating scheduling, rescheduling, and cancellations to streamline daily operations. Deployment options encompass cloud-based and on-premise solutions, tailored for different types of practices such as companion animals, mixed animal, food-producing, equine, and others. End-users of this software range from veterinary hospitals, referral and specialty practices, ambulatory services, to veterinary clinics.
The veterinary practice management software market research report is one of a series of new reports that provides veterinary practice management software market statistics, including veterinary practice management software industry global market size, regional shares, competitors with a veterinary practice management software market share, detailed veterinary practice management software market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary practice management software industry. This veterinary practice management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The veterinary practice management software market consists of revenues earned by entities by providing services such as patient management, billing and invoicing, prescription management, workflow optimization, training, and support. The market value includes the value of related goods sold by the service provider or included within the service offering. The veterinary practice management software market also includes sales of products such as laboratory information management systems, client communication and engagement solutions, telemedicine and telehealth platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Veterinary Practice Management Software Market Characteristics3. Veterinary Practice Management Software Market Trends and Strategies32. Global Veterinary Practice Management Software Market Competitive Benchmarking33. Global Veterinary Practice Management Software Market Competitive Dashboard34. Key Mergers and Acquisitions in the Veterinary Practice Management Software Market
4. Veterinary Practice Management Software Market - Macro Economic Scenario
5. Global Veterinary Practice Management Software Market Size and Growth
6. Veterinary Practice Management Software Market Segmentation
7. Veterinary Practice Management Software Market Regional and Country Analysis
8. Asia-Pacific Veterinary Practice Management Software Market
9. China Veterinary Practice Management Software Market
10. India Veterinary Practice Management Software Market
11. Japan Veterinary Practice Management Software Market
12. Australia Veterinary Practice Management Software Market
13. Indonesia Veterinary Practice Management Software Market
14. South Korea Veterinary Practice Management Software Market
15. Western Europe Veterinary Practice Management Software Market
16. UK Veterinary Practice Management Software Market
17. Germany Veterinary Practice Management Software Market
18. France Veterinary Practice Management Software Market
19. Italy Veterinary Practice Management Software Market
20. Spain Veterinary Practice Management Software Market
21. Eastern Europe Veterinary Practice Management Software Market
22. Russia Veterinary Practice Management Software Market
23. North America Veterinary Practice Management Software Market
24. USA Veterinary Practice Management Software Market
25. Canada Veterinary Practice Management Software Market
26. South America Veterinary Practice Management Software Market
27. Brazil Veterinary Practice Management Software Market
28. Middle East Veterinary Practice Management Software Market
29. Africa Veterinary Practice Management Software Market
30. Veterinary Practice Management Software Market Competitive Landscape and Company Profiles
31. Veterinary Practice Management Software Market Other Major and Innovative Companies
35. Veterinary Practice Management Software Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Veterinary Practice Management Software Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on veterinary practice management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for veterinary practice management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The veterinary practice management software market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Product: Appointment Scheduling Software; Electronic Medical Records; Integrated Veterinary Practice Solutions; Inventory Management; Medical Billing Software2) by Deployment: on-Cloud; on-Premise
3) by Practice Type: Companion Animals; Mixed Animal; Food Producing; Equine; Other Practice Types
4) by End-User: Veterinary Hospitals; Veterinary Referral and Specialty Practices; Ambulatory Veterinary Services; Veterinary Clinics
Key Companies Mentioned: Patterson Companies Inc.; Covetrus Inc.; IDEXX Laboratories Inc.; Chetu Inc.; Hippo Manager Veterinary Software Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Patterson Companies Inc.
- Covetrus Inc.
- IDEXX Laboratories Inc.
- Chetu Inc.
- Hippo Manager Veterinary Software Inc.
- Timeless Veterinary Systems International Limited
- StringSoft
- Vetstoria
- ClienTrax
- Provet Cloud
- Shepherd Veterinary Software LLC
- SpecVet LLC
- VetlinkPRO
- VetBadger
- Vetspire LLC
- VetEnvoy
- Animal Intelligence Software
- Advanced Technology Corp.
- DaySmart Software
- VETport LLC
- NaVetor
- VetBlue
- VETbuddy
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 0.37 Billion |
Forecasted Market Value ( USD | $ 0.5 Billion |
Compound Annual Growth Rate | 7.6% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |