The Animal Health Software market revenues were estimated at US$ 1.6 Bn in 2021 and is anticipated to grow at a CAGR of 10.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 1.6 Bn. Patient demand is being driven by their growing need from veterinary practitioners, which is a primary driver of market growth.
Furthermore, in the coming years, increasing knowledge about the benefits of employing software solutions, as well as an increase in clinical visits by pet owners, are likely to promote the use of software solutions in veterinary clinics. A growth in companion pet ownership, as well as worries about pet health, are influencing the animal health business. A greater emphasis on the safety and efficiency of animal production is another key factor for market growth.
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Since these systems assist practitioners in supporting and recording various standards of care protocols, healthcare recommendations, keeping track of the patient’s condition with invoicing and billing, strategic planning, inventory tracking, and overall treatment procedure management, market growth is expected to be fueled by the growing demand for Practice Management Software.
- The Animal Health Software market reached a valuation of US$ 1.6 Bn in 2021 increasing by 8% during 2022 – 2032. Future Market Insights estimates that Animal Health Software revenue will grow 2.6X from 2022 to 2032, reaching nearly US$ 1.6 Bn in 2032.
- Revenue through Practice Management Software is expected to grow at a CAGR of 10.5%, during the forecast period.
- On-premise segment is expected to grow at the highest rate of 9.8% CAGR, during 2022 – 2032.
- Among countries, US is expected to produce the largest revenue of $675.7 Mn by 2032.
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), by 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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