The global vet software market is expected to grow with a CAGR of 14.4% from 2025 to 2031. The major drivers for this market are the increasing pet ownership, technological advancements in software solutions, and the rising demand for cloud-based solutions.
The future of the global vet software market looks promising with opportunities in the veterinary hospitals/clinics markets.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
The future of the global vet software market looks promising with opportunities in the veterinary hospitals/clinics markets.
- Within the practice type category, small animals will remain the largest segment over the forecast period.
- Within the end-use category, veterinary hospitals/clinics will remain a larger segment.
- In terms of region, APAC is expected to witness the highest growth over the forecast period.
Emerging Trends in the Vet Software Market
The software currently used within veterinary practices is transforming in various ways. Technological advancements, fluctuations in client purchasing behavior, and other factors combine to provide a rich development potential in the vet software market. The following list outlines developments in veterinary software with the most impact:- Remote Hosted Solutions: Cloud computing is changing the management of veterinary practices as these remote-hosted solutions are scalable, providing remote access and data storage security. These systems make it possible to retrieve patient medical records from multiple locations, making them ideal for veterinary chains or mobile practices. The ease and reduction in costs associated with cloud-based solutions drive their adoption and are thus a dominant trend in the industry.
- Telemedicine in Veterinary Medicine: Veterinary telemedicine and teleconsultation allow pet owners to make calls from home, and the consultant guides them through simple steps. This trend was accelerated during COVID-19, but it is here to stay. Through veterinary software solutions with a telemedicine platform, specialists can provide real-time consultations, diagnostics, and follow-ups for various medical issues, saving on veterinary time and significantly increasing availability.
- Use of Artificial Intelligence in Diagnostics: The development of AI diagnostic tools is progressing rapidly alongside veterinary software development. AI can help veterinarians assess their patients' health more accurately and promptly, making it easier to develop effective treatment plans and even foresee health complications in the future by considering historical data. Not only is this technology improving the quality of care given, but it is also relieving the burden on veterinary practitioners.
- Mobile Applications for Pet Health: Mobile applications hold a significant position in addressing the health of pets by enabling pet owners to manage their pets' vaccinations, appointments, medications, and general health information. These applications are often utilized with veterinary software, providing convenience to both pet owners and veterinarians. With the increase in smartphone users, these applications are becoming more and more important for pet care management.
- Integration with IoT Devices: The application of IoT in the veterinary field, such as monitoring the health of pets in real-time, is becoming common. IoT devices like wearables, pet trackers, and health monitoring devices can automatically transfer data to veterinary software and, therefore, the center. These developments allow for better preventive care of pets and emergency responses when needed. The integration of IoT devices has resulted in better quality of veterinary services.
Recent Developments in the Vet Software Market
In practice management, diagnostics, and customer relations, the past few years have seen significant changes in the industry's technology, which greatly influenced the advancement of the vet software market. Here are some of the best industry developments that will determine the fate of the sector in the coming years:- Transition to Cloud Systems: An increasing number of veterinary clinics are implementing cloud-based systems that enable them to store data in one location, access patient information remotely, and link several sites. This enables veterinary practices to lower costs while enhancing service delivery, workflow management, and client communication.
- Automated and AI-Assisted Diagnostics: AI and machine learning have been incorporated into veterinary software to provide automated diagnosis and treatment recommendations. These systems are meant to help veterinarians accurately and quickly identify conditions for better patient outcomes. AI-powered diagnostic systems are expected to become standard in veterinary practices.
- Integration of Telemedicine: Modern veterinary software now incorporates telemedicine services that allow remote consultations between pet owners and veterinarians. Being able to treat and diagnose animals without needing to be physically present has proven beneficial during the COVID-19 pandemic and is here to stay due to market demand.
- Wearable Devices and Pet Health Apps: The use of electronically monitored health items is being incorporated into veterinary software. These wearable devices monitor and record health information such as heart rate, activity, and sleep patterns in real-time. The health data collected from these devices is incorporated into veterinary software to provide a better picture of the pet's health.
- Blockchain Technology for Secure Data: Blockchain technology is being used in veterinary software to secure the sensitive data of patients. The need for greater protection of cybersecurity and sensitive data, particularly health information stored in and transmitted through numerous systems, is what drives this trend.
Strategic Growth Opportunities in the Vet Software Market
The growth possibilities for the vet software market are numerous, and progress is evident on many fronts, particularly in technology and customer requirements. The following are primary opportunities for growth:- Opportunity for Cloud-Based Practice Management Systems: There is excellent growth potential in cloud-based practice management systems as they help practices lower their IT costs and scale more effectively. These systems help manage clinic processes, including keeping track of patient records and billing, and can easily integrate with other software tools, enhancing efficiency.
- Opportunity for Telemedicine Solutions: Telemedicine for pets is witnessing unprecedented growth, especially in the US, which opens up an important growth area for the business. With more pet owners wanting to attend consultations virtually, there is positive potential for veterinary software with telemedicine. This trend has the potential to increase the provision of veterinary services, particularly in rural locations or for trivial problems.
- Opportunity for AI Diagnostic Software: AI diagnostic software is one of the most lucrative areas of growth as these tools help veterinarians diagnose conditions quickly and accurately. These solutions are anticipated to become a core component of diagnostic procedures due to the automated evaluation and minimal manual input required in result interpretation.
- Applications for Mobile Pet Care Services: Health monitoring and appointment scheduling for pets are gaining more popularity through dedicated mobile applications. These apps often integrate with practice management software so that pet owners can manage their pets' health and treatments easily. Mobile applications represent a broad niche with great possibilities.
- Connecting with Other Devices: The integration of practice management software with other devices, such as health tracking wearables, presents new growth opportunities. These devices, connected through the internet, provide immediate health information, which can help take precautionary measures or identify health problems early. This is very important for pet owners with older or high-risk pets.
Vet Software Market Drivers and Challenges
Many technological, economic, and legal factors have grown over time and positively impacted the veterinary software market. Nonetheless, the market also faces issues related to adoption, scalability, and integration. Here are some motives, along with the hurdles that affect the market:The factors responsible for driving the vet software market include:
- Greater Ownership of Pets: The increasing ownership of pets around the world has led to a greater need for veterinary care. This has resulted in an increase in the demand for software solutions that handle patient records, appointments, and treatments.
- Technological Innovations: The development of AI, machine learning, cloud computing, and IoT is happening rapidly. These technology developments make it possible to have more precise diagnostics, patient management, and customer service in the veterinary industry.
- Concentration on Operational Efficiency and Cost Savings: The adoption of software solutions by veterinary practices to facilitate operations, administrative cost efficiency, and service delivery efficiency is increasing. This enables clinics to serve more patients and make fewer mistakes.
- Regulation Compliance Necessities: There is more focus on data protection and software compliance regulations, like GDPR. This further increases the demand for compliant software solutions.
- The Adoption of Telemedicine: There is now an enduring requirement for veterinary software that enables remote consultations and virtual care due to the accelerated adoption of telemedicine during the pandemic.
Challenges in the vet software market are:
- High Implementation Costs: For smaller clinics working with a limited budget, the upfront expenditure associated with the adoption of veterinary software systems can be quite challenging.
- Data Security Issues: Privacy and security issues arise when sensitive animal health information is collected and stored. Veterinary software providers have to deal with issues related to cybersecurity and data breaches.
- Change Resistance: Due to familiarity with the traditional way of doing things or the anticipated difficulties of digital solutions, some veterinary practitioners may not welcome the new software. Training and education can help tackle this problem.
List of Vet Software Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, vet software companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the vet software companies profiled in this report include:
- Idexx Laboratories
- Covetrus Inc. (Henry Schein)
- Shepherd Veterinary Software
- DaySmart Software
- Digitail
- OnwardVet
- Asteris
Vet Software Market by Segment
The study includes a forecast for the global vet software market by product, delivery mode, practice type, end use, and region.Product [Value from 2019 to 2031]:
- Practice Management Software
- Imaging Software
- Telehealth Software
- Others
Delivery Mode [Value from 2019 to 2031]:
- Cloud/Web-Based
- On-Premise
Region [Value from 2019 to 2031]:
- North America
- Europe
- Asia-Pacific
- The Rest of the World
Country-wise Outlook for the Vet Software Market
Shifts in the global vet software market are being observed due to pet care trends, technology, and other regional shifts. There is an increasing need for digitized veterinary care software in the US, China, Germany, India, and Japan due to the increased rate of pet ownership and further developments in veterinary practices. Let's take a look at the changes taking place across these nations.- United States: The US veterinary software market is booming due to the increased use of telemedicine, healthcare, mobile diagnostics, and AI-enabled cloud telemedicine software. Techniques in business management, competency, client relations, and records and appointment management have greatly shifted from paper to electronic files. This change is expected to accelerate with the rise in the number of pets owned.
- China: An increase in domestic pets has greatly contributed to the rise of the veterinary software market in China. The implementation of mobile applications and cloud technology in major cities has resulted in greater efficiency in practice management. With more pets comes a greater need for automated appointment, treatment, and communication systems, increasing the need for software.
- Germany: It seems that the digitization of veterinary clinics in Germany is moving forward, especially in terms of patient management and customer relations. Integrated telemedicine, electronic records, and diagnostic systems are being adopted by clinics. Other government initiatives have also contributed to the digitization of veterinary care in response to the increasing demand from the booming pet industry.
- India: The Indian market for pet services is growing at an incredible pace due to the younger population with greater disposable incomes. Indian telemedicine veterinary practice software specializes in practice management, record management, and telemedicine. The proliferation of e-commerce and telemedicine for pets has, in turn, stimulated the growth of veterinary software in India.
- Japan: Japan is a technologically advanced country, and the demand for better veterinary services is one of the main driving factors for Japan's veterinary software market. There are many pets in Japan, so veterinary clinics are purchasing practice management, client management, treatment planning, and digital record applications. The move towards AI and robotic veterinary medicine enhances the market in Japan, especially in large cities where technology is greatly integrated.
Features of this Global Vet Software Market Report
- Market Size Estimates: Vet software market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
- Segmentation Analysis: Vet software market size by various segments, such as by product, delivery mode, practice type, end use, and region in terms of value ($B).
- Regional Analysis: Vet software market breakdown by North America, Europe, Asia-Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different products, delivery modes, practice types, end uses, and regions for the vet software market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vet software market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the vet software market by product (practice management software, imaging software, telehealth software, and others), delivery mode (cloud/web-based and on-premise), practice type (small animals, mixed animals, equine, food-producing animals, and other practice types), end use (veterinary hospitals/clinics and other end use), and region (North America, Europe, Asia-Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Market Overview
3. Market Trends & Forecast Analysis
4. Global Vet Software Market by Product
5. Global Vet Software Market by Delivery Mode
6. Global Vet Software Market by Practice Type
7. Global Vet Software Market by End Use
8. Regional Analysis
9. North American Vet Software Market
10. European Vet Software Market
11. APAC Vet Software Market
12. RoW Vet Software Market
13. Competitor Analysis
14. Opportunities & Strategic Analysis
15. Company Profiles of the Leading Players Across the Value Chain
16. Appendix
List of Figures
List of Tables
Companies Mentioned
The major companies profiled in this Vet Software market report include:- Idexx Laboratories
- Covetrus Inc. (Henry Schein)
- Shepherd Veterinary Software
- DaySmart Software
- Digitail
- OnwardVet
- Asteris
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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