(PharmaNewsWire.Com, August 16, 2019 ) Factors driving the growth of the Veterinary Software market include technological advanced applications of thawing devices, expanding storage capacities of biorepositories, and increasing use of thawed cells in the treatment of cancers and diabetes.
Veterinary practice management software segment dominated the market in 2017
Based on product, the veterinary software market is segmented into veterinary practice management software, veterinary imaging software, and other software. The veterinary practice management software segment accounted for the largest share of the market in 2017. The demand for this software is higher among veterinarians as it helps reduce the possibilities of errors and improve the cost-efficiency of operations.
Exclusive small animal practices segment dominated the veterinary software market, by practice type, in 2017
Based on practice type, 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 and is estimated to grow at the highest CAGR during the forecast period. This can primarily be attributed to the increasing companion animal population and the rising annual spending on pet care in developed countries.
Veterinary hospitals & referral practices were the largest end users of veterinary software in 2017
Based on end user, the veterinary software market is segmented into veterinary hospitals & referral practices, clinics & ambulatory practices, and specialty & emergency hospitals. Veterinary hospitals & referral practices were the largest end users of veterinary software in 2017. This end-user segment is also estimated to grow at the highest CAGR during the forecast period majorly due to the extensive usage of veterinary software for the preparation, management, and analysis of patient databases for daily/weekly/annual animal hospital visits, monitoring veterinarians, and for easy and quick data accessing and sharing.
North America was the largest regional market for veterinary software in 2017
In 2017, North America was the largest regional market for veterinary software, followed by Europe. The high demand for veterinary software in North America can primarily be attributed to the growing demand for quality pet care in the region.
The veterinary software market is a fragmented market, with several large as well as emerging players operating in it. The 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 Computers (US), ezyVet Limited (New Zealand), FirmCloud Corporation (US).
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