(PharmaNewsWire.Com, May 22, 2019 ) According to the new market research report "Veterinary Software Market by Product (Practice Management, Imaging, BI, Marketing), Delivery Model (On Premise, Cloud), Practice (Small Animal, Mixed, Large, Equine, Bovine), End User (Hospitals, Clinics, ASC, Emergency) - Global Forecast to 2022", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
The growth of this market is mainly driven by factors such as the rising companion animal ownership, growing animal health expenditure, and growing product innovation & software integration.
The market is segmented into practice management software, veterinary imaging software, and other software. In 2017, practice management software segment accounted for the largest share of the veterinary software market as this software reduces the possibilities of error and the overall cost of a veterinary healthcare facility.
The veterinary software market is segmented into exclusive small animal practices, mixed animal practices, and exclusive large animal practices. The exclusive small animal practices segment dominated the market in 2017. It is also expected to register the highest growth rate during the forecast period. The growth of this segment is attributed to the rising annual spending on pet care in developed countries and increasing number of small pet owners.
In 2017, North America dominated the market followed by Europe. The large share of this geographical segment is primarily attributed to the increasing government investments to the growing demand for quality pet care. Other growth factors include growing awareness about veterinary software and the easy availability of veterinary software & services in this region.
The veterinary software market is fragmented, with the presence of several large as well as emerging players. Prominent players in the veterinary software market include Henry Schein (US), IDEXX Laboratories (US), Patterson Companies (US), Vetter Software (US), Animal Intelligence Software (US), Timeless Veterinary Systems (Canada), Brittons Wise Computer (US), ezyVet Limited (New Zealand), FirmCloud Corporation (US), MedaNext (US), OR Technology (Oehm Und Rehbein GmbH) (Germany), VIA Information Systems (US), Hippo Manager Software (US), Finnish Net Solutions (Finland), Carestream (Canada), and ClienTrax (US).
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