Growing Opportunities for Practice Management is predicted to propel high growth rate for Veterinary Software Market during the forecast period 2018-2023.

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The factors that drive the growth of veterinary software market are growing companion pet ownership and concern, rising number of veterinary medical experts, and the innovation in products & need of additional tools for better outcomes.

Overview:

In the year 2018, Global Veterinary Software Market was valued at USD 346.15 Billion. By the year 2023, it is expected to reach USD 452.4 Billion at pace of 5.5% CAGR.

Veterinary Software is used in the veterinary healthcare sector to manage administrative functions, maintain patient data, billing, scheduling appointments, and generating reports. Veterinary Software helps doctors, nurses or technicians to deliver treatments efficiently. This software also provides to enter transactions, create customer invoices, manage discounts, and accept payments.

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Underlying Causes

The growth for Veterinary Software market is driven due to factors like increasing prevalence of zoonotic disease across the globe, rising number of veterinary practitioners, growing adoption of information system in veterinary healthcare, rising opportunities for practice management, growing awareness about the benefits of use of software solutions. In addition, advancement of technologies in Veterinary healthcare sector, introduction of advanced software’s, and increasing need of additional tools are expected to drive the market growth. However, lack of awareness about veterinary software in the developing countries, and unfavorable government policies are expected to hinder the growth rate for Global Veterinary Software Market.

 

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Geographic Segmentation:

Based on geography the Veterinary Software market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America holds the largest market share in the Global Veterinary Software Market followed by Europe due to increasing animal adoption, rising animal healthcare expenditure, growing awareness about pet health among the pet owners, and introduction of new softwares are the major driving factors in this region. Asia-Pacific regions like India, China and Japan are rapidly growing due to increasing demand for veterinary practice management, large livestock population, growing pet adoption, technological advancements, and increasing incidence of zoonotic diseases are expected to contribute high growth rate for Veterinary Software Market during the forecast period.

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Key Players:

Leading companies for Global Veterinary Software market are Animal Intelligence Software, Inc. (U.S.), Britton’s Wise Computer, Inc. (U.S.), Firmcloud Corporation (U.S.), Timeless Veterinary Systems, Inc. (Canada), Henry Schein, Inc. (U.S.), Idexx Laboratories, Inc. (U.S.), MedaNext Inc. (U.S.), ezyVET Limited (New Zealand), and Patterson Companies, Inc. (U.S.)

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