Veterinary Software Market 2024 Industry Insights, Business Growth, Trends And Forecast To 2033 | Major Players Are Henry Schein Inc., Zoetis, Patterson Companies Inc., Covetrus Inc., IDEXX Laboratories Inc.

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Veterinary Software Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The veterinary software market size has grown strongly in recent years. It will grow from $0.92 billion in 2023 to $0.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increase in pet ownership, regulatory compliance needs, enhanced patient care, integration with laboratory services, business management efficiency.

The veterinary software market size is expected to see strong growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to telemedicine adoption, focus on preventive care, increased data analytics use, interoperability and integration, expansion of specialty services. Major trends in the forecast period include electronic health records (EHR) for animals, remote monitoring of animal health, inventory management for veterinary clinics, client communication and education platforms, compliance with veterinary regulations.

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Key Market Players:
Major companies operating in the veterinary software market report are Henry Schein Inc., Zoetis, Patterson Companies Inc., Covetrus Inc., IDEXX Laboratories Inc., Carestream Health Inc., 2i Nova, MWI Animal Health, Sure Petcare, Ezyvet Ltd., Hippo Manager Software Inc., Timeless Veterinary Systems, Petabyte Technology, ImproMed, Finnish Net Solutions Oy, Clientrax, Business Infusions, Vetspire, Firmcloud Corporation, OR Technology, Vetter Software Inc., Animal Intelligence Software Inc., VetZ Limited, Via Information System, VetVision, Quantified Veterinary Care, GalaxyVet, Animal Practice Management Solutions, Masterpiece Veterinary

Market Drivers:
The surge in spending on animal health is expected to propel the growth of the veterinary software market. Pet owners across the globe are considering their pets as part of their family and are spending equally on their health. The increase in animal spending and the growing number of pets are allowing hospitals and clinics to spend more on veterinary software to provide a seamless and customer-friendly experience. For instance, according to the report published by Finmasters 2022, a Romania-based media company, 2 out of 3 American households have pets which equals to 90.5 million houses in 2021, and Americans spent $124 billion on pets overall in 2021 which is 17% rise from the previous year. Such an increase in health spending is expected to boost the veterinary software market during the forecast period.

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https://www.thebusinessresearchcompany.com/report/veterinary-software-global-market-report

The veterinary software market covered in this report is segmented -
1) By Product Type: Veterinary Practice Management Software, Veterinary Imaging Software, Other Product Types
2) By Type: Integrated Software, Stand-Alone Software
3) By Practice Type: Exclusive Small Animal Practices, Mixed Animal Practices, Exclusive Large Animal Practices
4) By Delivery Mode: On-premise, Cloud/Web-based
5) By End User: Hospitals/Clinics, Reference Laboratories

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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