San Francisco, 25 March,
Veterinary Software Market Analysis By Product (Practice Management Software,
Imaging Software), By Delivery Mode, By Practice Type, By End Use, And Segment
Forecasts, 2018 - 2025
The global veterinary software market is expected to reach USD
696.0 million by 2025, growing at a CAGR of 8.9%, according to a new report by
Grand View Research, Inc. Increase in prevalence of zoonotic diseases is a key
market driver for the growth of this market. Rising prevalence has triggered
the demand for animal health diagnostics & monitoring services, which is
expected to drive the market growth over the forecast period.
The growing adoption of
integrated software systems for diagnostics & treatment is anticipated to
fuel the growth over the following years. Pet health information systems that
enable real-time analysis of prevalence of diseases will help researchers
develop therapeutics. The incorporation of these solutions in laboratories is
another growth propeller for veterinary reference laboratories.
Moreover, zoonotic diseases
pose a major public health burden, especially in tropical regions due to lack
of funds and healthcare infrastructure. Increase in willingness to pay for
animal healthcare is expected to fuel the adoption of animal health diagnostics
and imaging software over the forecast period.
Access Full Research
Report On Veterinary Software Market Analysis:
Further Key Findings From the Study Suggest:
·
Practice management systems
held the dominant share due to benefits with its usage including medical record
maintaining, billing, appointment scheduling, and follow up of patients
·
The imaging software segment is
anticipated to witness lucrative CAGR over the following years due to increase
in investments from veterinary product manufacturers coupled with introduction
of advanced solutions
·
Food-producing animals
accounted for largest revenue share in 2016 owing to increasing demand from
consumers
·
The rise in production of
animal-based food products is expected to lead to significant price reduction
and help meet the increasing demand for these food products, globally. In
addition, animal welfare organizations are consistently striving to achieve
high food security
·
Reference laboratories are
expected to grow with the fastest CAGR during the forecast period owing to
growing demand from veterinary practitioners
·
The North America veterinary
software market held the dominant share as of 2016, owing to increasing number
of pet owners in this region
·
Asia Pacific regional market is
anticipated to show lucrative CAGR due to increase in number of mergers &
acquisitions by established players in this region
·
IDEXX Laboratories; Patterson
Companies, Inc.; and Henry Schein, Inc. held the dominant revenue share of the
industry owing to their wide regional presence and technologically advanced
product offerings
·
Competitive strategies such as
new product developments, regional expansion, and merger & acquisitions are
expected to propel growth
·
For instance, in February 2016,
the company completed the acquisition of RxWorks with an intention to set up
veterinary practice management software business, primarily in the UK,
Australia, New Zealand, Netherlands, and other countries
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented
veterinary software market on the basis of the product, delivery mode, practice
type, end use, and region:
Veterinary Software Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Practice Management Software
·
Imaging Software
Veterinary Software Delivery
Mode Outlook (Revenue, USD Million, 2014 - 2025)
·
On Premise
·
Cloud/Web-Based
Veterinary Software Practice
Type Outlook (Revenue, USD Million, 2014 - 2025)
·
Small Animals
·
Mixed Animals
·
Equine
·
Food Producing Animals
·
Others
Veterinary Software End-use
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals/Clinics
·
Reference Laboratories
Veterinary Software Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-veterinary-software-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
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