A lot of clinics use veterinary software for effective data management and for client records and invoicing. Many software include some common features such as appointment scheduling, certificates, invoicing, inventory control, prescription labeling, and vaccination reminders. Clinics or hospitals and reference laboratories are the key end users of these software programs.
Clinics and Hospitals: Largest Application Areas
Hospitals or clinics are some of the major end users of veterinary software programs. Technological innovations, such as introduction of pet owner mobile technology and efficient information management systems, have increased adoption of these services in pet care. This factor is expected to boost demand for veterinary software during the next few years. On the other hand, reference labs are likely to grow at the fastest pace on account of rising demand from veterinary practitioners. These labs focus on developing novel technologies for monitoring and detecting various ailments.
A lot of government animal welfare bodies across the globe are supporting farmers by offering targeted incentives for using vet care practices for species producing food. This, in turn, is anticipated to enhance demand for various animal healthcare services and solutions. Many government organizations are also extensively involved in issuing strategies for promoting reference labs across the world. This factor is also predicted to create lucrative business opportunities in the years to come.
Market Overview
According to the findings of a report published by Grand View Research, Inc.; the global veterinary software market is likely to reach at USD 696.0 million by 2025. It is projected to register a strong CAGR of around 8.9% over the forecast period (2018 to 2025). Increasing cases of zoonotic diseases on global scale have fueled demand for advanced animal health monitoring and diagnostics solutions. This factor is expected to be the key growth driver for this market.
Henry Schein, Inc.; IDEXX Laboratories, Inc.; Hippo Manager Software, Inc.; Patterson Companies, Inc.; and Onward Systems, Inc. are some of the key market players. These companies focus on R&D activities for new product development and M&A activities to maintain their market position. For instance, Patterson Companies, Inc. recently got into a partnership with Vet2Pet and Vet Success to offer Software as a Service (SaaS) products to provide marketing solutions, client communication, and several other services to the vets.
In-Depth Research Report On Veterinary Software Market:
https://www.grandviewresearch.com/press-release/global-veterinary-software-market
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