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Veterinary Practice Management Software Market
Veterinary Practice Management Software Market by Delivery Mode (On-Premise, Cloud), Practice Type (Companion Animals, Mixed Animals, Food Producing, Equine), End User (Hospitals, Referral/Specialty, Ambulatory Services) - Global Forecast to 2028
Report ID:MRHC - 104147 Pages: 125 Jan-2022 Formats*: PDF Category: Healthcare Delivery: 2 to 4 HoursThe Veterinary Practice Management Software Market is expected to grow at a CAGR of 7.7% from 2021 to 2028 to reach $539.7 million by 2028. Veterinarians use veterinary practice management software for treatment planning, managing patient information, scheduling, communicating with patients, and supporting back-office functions, such as accounting and payments. This software is used by veterinary hospitals, referral practices, and ambulatory veterinary clinics to assist in their daily operations.
Increasing pet ownership, the growing risk of developing chronic & infectious diseases in companion & livestock animals, and the growing number of strategic partnerships resulting in product innovation and software integration have been considered to have a positive impact on the veterinary practice management software market
Impact of COVID-19 on Veterinary Practice Management Software Market
The COVID-19 pandemic impact has been sudden and varied across the veterinary professions globally. It was observed that the COVID-19 pandemic has positive and negative impacts on the veterinary practice management software market. A significant rise in global pet ownerships was reported due to travel restrictions and social isolation. For example, according to the German Pet Trade & Industry Association (ZZF), the German pet population grew by 1 million to reach 34.9 million pets in 2020.
Similarly, in 2020, pet ownership in the U.S. rose to an all-time high of 70% from 67% of households. According to Insurance Research Council, during the COVID-19 pandemic, 30% (nearly one in three) of Americans adopted a pet.
However, due to the nationwide lockdown imposed across various countries, the veterinary medical settings ran only for urgent care, limiting non-emergency veterinary services like annual wellness check-ups, vaccinations, and spaying or neutering. It created less client traffic, restricted care delivery, and reduced cash flows. According to the American Medical Association Report published in 2021, productivity in veterinary practices declined by 25% in 2020 due to the COVID-19 protocols. This had a negative impact on the subscriptions of practice management software in veterinary practices.
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Key Findings in the Global Veterinary Practice Management Software Market Study
On-Premise Veterinary Practice Management Software Generated Larger Proportion of Revenue Compared to Cloud/Web-based Practice Management Software
The on-premise veterinary practice management software segment is estimated to account for the largest share of the veterinary practice management software market in 2021. The large share of this segment is mainly attributed to the advantages associated with on-premise veterinary practice management software in terms of security, complete control, and lower total cost of ownership.
In 2021, Companion Animal Practices to Dominate the Market
The companion animal practices segment is estimated to account for the largest share of the veterinary practice management software market in 2021. The large share of this segment is mainly attributed to the rising pet population, rising awareness regarding animal health, and the growing prevalence of diseases in companion animals.
In 2021, the Veterinary Hospitals Segment to Register Largest Share in the Veterinary Practice Management Software Market
The veterinary hospitals segment is estimated to account for the largest share of the veterinary practice management software market in 2021. The large share of this segment is mainly attributed to the rising number of veterinary hospitals and the growing number of veterinarians.
Asia-Pacific: Fastest Growing Regional Market
North America is estimated to command the largest share of the global veterinary practice management software marketin 2021, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia-Pacific will be the fastest-growing regional market due to rising pet ownership, growing number of farm animals, growing prevalence of zoonotic diseases, and rising animal health awareness.
Key Players
The report includes a competitive landscape based on extensive assessment of the key strategic developments that market participants adopted over the past four years. The key players profiled in the veterinary practice management software market report include IDEXX Laboratories, Inc. (U.S.), COVETRUS, INC. (U.S.), Hippo Manager Software, Inc. (U.S.), Advanced Technology Corp. (U.S.), VETport LLC. (U.S.), DaySmart Software (U.S.), AmerisourceBergen Corporation (U.S.), Animal Intelligence Software Inc. (U.S.), FirmCloud Corp. (U.S.), ClienTrax (U.S.), and ezofficesystems Ltd. (U.K.).
Scope of the Report
Veterinary Practice Management Software Market, By Delivery Mode
- On-premise
- Cloud/Web-based
Veterinary Practice Management Software Market, By Practice Type
- Companion Animal Practices
- Mixed Animal Practices
- Food Producing Animal Practices
- Equine Practices
Veterinary Practice Management Software Market, by End User
- Veterinary Hospitals
- Ambulatory Veterinary Services
- Referral & Specialty Practices
Veterinary Practice Management Software Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
Key questions answered in the report:
The global veterinary practice management software market covers the market size & forecasts the various veterinary practice management software offered by key market players to support veterinarians working in companion animal practices, mixed animal practices, food-producing animal practices, and equine practices for treatment planning, managing patient information, scheduling, communicating with patients, and supporting back-office functions, such as accounting and payment. The veterinary practice management software market studied in this report involves the value analysis of various segments and sub-segments of veterinary practice management software providers at regional and country levels.
The veterinary practice management software market is projected to reach $539.7 million by 2028, at a CAGR of 7.7% during the forecast period.
The on-premise segment is estimated to account for the largest share of the veterinary practice management software market in 2021. The large share of this segment is mainly attributed to the advantages associated with on-premise veterinary practice management software in terms of security, complete control, and lower total cost of ownership.
The ambulatory veterinary services segment is estimated to register the fastest CAGR during the forecast period. Ambulatory clinics and veterinarians work in conjunction with local veterinary hospitals to provide in-house animal care services. Ambulatory services may include cardiology, neurology, dentistry, surgery, and imaging, among others. Ambulatory clinics and services offered are less expensive compared to veterinary hospitals. This further saves time and the cost of the animal owner of transportation and manpower. Ambulatory veterinary services can also be beneficial during medical emergencies and manage the health of many animals.
Increasing pet ownership, the growing risk of developing chronic & infectious diseases in companion & livestock animals, and the growing number of strategic partnerships resulting in product innovation and software integration have been considered to have a positive impact on the veterinary practice management software market. Further, significant opportunities for existing market players and new entrants are provided by emerging markets such as India and China due large farm animal population and the growing prevalence of zoonotic diseases.
Key companies operating in the global veterinary practice management software market are IDEXX Laboratories, Inc. (U.S.), COVETRUS, INC. (U.S.), Hippo Manager Software, Inc. (U.S.), Advanced Technology Corp. (U.S.), VETport LLC. (U.S.), DaySmart Software (U.S.), AmerisourceBergen Corporation (U.S.), Animal Intelligence Software Inc. (U.S.), FirmCloud Corp. (U.S.), ClienTrax (U.S.), and ezofficesystems Ltd. (U.K.).
Emerging economies like China and India based in Asia are projected to offer significant growth opportunities for the companies in this market. The large farm animal population, rising pet population, growing meat and dairy production, and the growing prevalence of zoonotic diseases are the key factors that will offer significant growth opportunities in this region.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.3.2. Market Share Analysis
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Increasing Pet Ownership
4.2.2. Growing Livestock Population
4.2.3. Growing Risk of Developing Chronic & Infectious Diseases in Companion & Livestock Animals
4.2.4. Growing Number of Strategic Partnerships Resulting in Product Innovation and Software Integration
4.2.5. Increasing Animal Health Expenditure & Pet Insurance in Developed Countries
4.3. Restraints
4.3.1. Limited Adoption Among Small Veterinary Medical Practices
4.4. Opportunities
4.4.1. Emerging Markets
4.5. Challenges
4.5.1. Dearth of Veterinary Practitioners for Livestock Animals
4.6. Impact of COVID-19 on the Veterinary Practice Management Software Market
5. Global Veterinary Practice Management Software Market, by Delivery Mode
5.1. Introduction
5.2. On-Premise Model
5.3. Cloud/Web-Based Model
6. Global Veterinary Practice Management Software Market, by Practice Type
6.1. Introduction
6.2. Companion Animal Practices
6.3. Mixed Animal Practices
6.4. Food-Producing Animal Practices
6.5. Equine Practices
7. Veterinary Practice Management Software Market, by End User
7.1. Introduction
7.2. Veterinary Hospitals
7.3. Ambulatory Veterinary Services
7.4. Referral & Speciality Practices
8. Veterinary Practice Management Software Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Rest of Asia-Pacific
8.5. Latin America
8.6. Middle East & Africa
9. Competitive Landscape
9.1. Introduction
9.2. Key Growth Strategies
9.3. Market Share Analysis (2020)
9.3.1. IDEXX Laboratories, Inc. (U.S.)
9.3.2. COVETRUS, INC. (U.S.)
9.3.3. Hippo Manager Software, Inc. (U.S.)
10. Company Profiles
10.1. IDEXX Laboratories, Inc.
10.1.1. Business Overview
10.1.2. Financial Overview
10.1.3. Solution Portfolio
10.1.4. Strategic Developments
10.2. COVETRUS, INC.
10.2.1. Business Overview
10.2.2. Financial Overview
10.2.3. Solution Portfolio
10.2.4. Strategic Developments
10.3. Hippo Manager Software, Inc.
10.3.1. Business Overview
10.3.2. Solution Portfolio
10.3.3. Strategic Developments
10.4. Advanced Technology Corp.
10.4.1. Business Overview
10.4.2. Solution Portfolio
10.5. VETport LLC.
10.5.1. Business Overview
10.5.2. Solution Portfolio
10.6. DaySmart Software
10.6.1. Business Overview
10.6.2. Solution Portfolio
10.6.3. Strategic Developments
10.7. AMERISOURCEBERGEN CORPORATION
10.7.1. Business Overview
10.7.2. Financial Overview
10.7.3. Solution Portfolio
10.8. Animal Intelligence Software Inc.
10.8.1. Business Overview
10.8.2. Solution Portfolio
10.9. FirmCloud Corp.
10.9.1. Business Overview
10.9.2. Solution Portfolio
10.10. ClienTrax
10.10.1. Business Overview
10.10.2. Solution Portfolio
10.11. ezofficesystems Ltd.
10.11.1. Business Overview
10.11.2. Solution Portfolio
11. Appendix
11.1. Questionnaire
11.2. Available Customization
List of Tables
Table 1 Global Veterinary Practice Management Software Market Drivers: Impact Analysis (2021–2028)
Table 2 European Union: Cats and Dogs Population, by Country, 2021
Table 3 Number of U.S. Households That Own a Pet, by Type of Animal (in Millions)
Table 4 Global Livestock Population, by Country, (2020) (in Thousands)
Table 5 Global Veterinary Practice Management Software Market Restraints: Impact Analysis (2019–2028)
Table 6 Gap in Veterinary Healthcare Access in India, by State, 2020–2025
(Number of Veterinarians)
Table 7 Global Veterinary Practice Management Software Market, by Delivery Mode, 2019–2028 (USD Million)
Table 8 Global On-Premise Veterinary Practice Management Software Market Size,
by Country/Region, 2019–2028 (USD Million)
Table 9 Global Cloud/Web-Based Veterinary Practice Management SoftwareMarket Size, by Country/Region, 2019–2028 (USD Million)
Table 10 Global Veterinary Practice Management Software Market, by Practice Type, 2019–2028 (USD Million)
Table 11 Global Veterinary Practice Management Software Market Size for Companion Animal Practices, by Country/Region, 2019–2028 (USD Million)
Table 12 Global Veterinary Practice Management Software Market Size for Mixed Animal Practices, by Country/Region, 2019–2028 (USD Million)
Table 13 Global Veterinary Practice Management Software Market Size for Food-Producing Animal Practices, by Country/Region, 2019–2028 (USD Million)
Table 14 Global Veterinary Practice Management Software Market Size for Equine Practices, by Country/Region, 2019–2028 (USD Million)
Table 15 Global Veterinary Practice Management Software Market Size, by End User,
2019-2028 (USD Million)
Table 16 U.S.: Number of Hospitals Under Various Holding Groups, 2017–2019
Table 17 Global Veterinary Practice Management Software Market Size for Veterinary Hospitals, by Country/Region, 2019–2028 (USD Million)
Table 18 Global Veterinary Practice Management Software Market Size for Ambulatory Veterinary Services, by Country/Region, 2019–2028 (USD Million)
Table 19 Global Veterinary Practice Management Software Market Size for Referral & Speciality Practices, by Country/Region, 2019–2028 (USD Million)
Table 20 Veterinary Practice Management Software Market Size, by Country/Region, 2019–2028 (USD Million)
Table 21 North America: Veterinary Practice Management Software Market Size, by Country, 2019–2028 (USD Million)
Table 22 North America: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 23 North America: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 24 North America: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 25 U.S.: Diabetes Prevalence in Companion Animals (2016–2018)
Table 26 U.S.: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 27 U.S.: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 28 U.S.: Veterinary Practice Management Software Market Size, by End User,
2019–2028 (USD Million)
Table 29 Canada: Veterinary Demographics (2020)
Table 30 Canada: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 31 Canada: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 32 Canada: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 33 Europe: Number of Veterinarians (2015–2020)
Table 34 Europe: Veterinary Practice Management Software Market Size, by Country/Region, 2019–2028 (USD Million)
Table 35 Europe: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 36 Europe: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 37 Europe: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 38 Germany Livestock Population, 2019 (in Million)
Table 39 Germany: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 40 Germany: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 41 Germany: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 42 France: Estimated Number of Household Pets, 2017–2019
Table 43 France: Livestock Population, 2019 (in Million)
Table 44 France: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 45 France: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 46 France: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 47 U.K.: Pet Population, by Type, 2021 (in Million)
Table 48 U.K.: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 49 U.K.: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 50 U.K.: Veterinary Practice Management Software Market Size, by End User,
2019–2028 (USD Million)
Table 51 Italy: Pet Population, 2020 (in Million)
Table 52 Italy: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 53 Italy: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 54 Italy: Veterinary Practice Management Software Market Size, by End User,
2019–2028 (USD Million)
Table 55 Spain: Livestock Population, 2019 (in Millions)
Table 56 Spain: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 57 Spain: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 58 Spain: Veterinary Practice Management Software Market Size, by End User,
2019–2028 (USD Million)
Table 59 Russia: Pet Population, 2017–2020 (in Million)
Table 60 Number of Veterinarians in European Countries (2015 Vs. 2018)
Table 61 Rest of Europe: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 62 Rest of Europe: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 63 Rest of Europe: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 64 Asia-Pacific: Veterinary Practice Management Software Market Size, by Country/Region, 2019–2028 (USD Million)
Table 65 Asia-Pacific: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 66 Asia-Pacific: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 67 Asia-Pacific: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 68 China: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 69 China: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 70 China: Veterinary Practice Management Software Market Size, by End User,
2019–2028 (USD Million)
Table 71 Japan: Number of Household Pets (Cats & Dogs)
Table 72 Japan: Number Beef Cattle
Table 73 Japan: Beef Exports, 2016–2021, (Unit: MT, CWE)
Table 74 Japan: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 75 Japan: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 76 Japan: Veterinary Practice Management Software Market Size, by End User,
2019–2028 (USD Million)
Table 77 India: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 78 India: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 79 India: Veterinary Practice Management Software Market Size, by End User,
2019–2028 (USD Million)
Table 80 Rest of Asia-Pacific: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 81 Rest of Asia-Pacific: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 82 Rest of Asia-Pacific: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 83 Latin American Countries: Cattle Stock (in 1,000 Head)
Table 84 Latin America: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 85 Latin America: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 86 Latin America: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 87 Middle East & Africa: Veterinary Practice Management Software Market Size, by Delivery Mode, 2019–2028 (USD Million)
Table 88 Middle East & Africa: Veterinary Practice Management Software Market Size, by Practice Type, 2019–2028 (USD Million)
Table 89 Middle East & Africa: Veterinary Practice Management Software Market Size, by End User, 2019–2028 (USD Million)
Table 90 Recent Developments, by Company, 2018–2021
List of Figures
Figure 1 Key Stakeholders
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 Global Veterinary Practice Management Software Market, by Delivery Mode,
2021 Vs. 2028 (USD Million)
Figure 9 Global Veterinary Practice Management Software Market, by Practice Type,
2021 Vs. 2028 (USD Million)
Figure 10 Global Veterinary Practice Management Software Market, by End User,
2021 Vs. 2028 (USD Million)
Figure 11 Veterinary Practice Management Software Market, by Geography
Figure 12 Global Veterinary Practice Management Software Market: Market Dynamics
Figure 13 Estimated Number of Cases and Deaths Due to Zoonotic TB, by Region (2019)
Figure 14 U.S.: Pet Industry Expenditures, 2010–2021 (USD Billion)
Figure 15 U.K.: Spending on Pet Animals, 2016–2019 (USD Billion)
Figure 16 Global Veterinary Practice Management Software Market Size, by Delivery Mode,2021–2028 (USD Million)
Figure 17 Global Veterinary Practice Management Software Market Size, by Practice Type,2021–2028 (USD Million)
Figure 18 Global Veterinary Practice Management Software Market Size, by End User,
2021–2028 (USD Million)
Figure 19 U.S.: Number of Veterinarians, 2017–2020
Figure 20 Veterinary Practice Management Software Market, by Region, 2021–2028
(USD Million)
Figure 21 North America: Veterinary Practice Management Software Market Snapshot
Figure 22 U.S.: Veterinary Care and Product Sales, 2018–2021 (USD Billion)
Figure 23 Europe: Veterinary Practice Management Software Market Snapshot
Figure 24 Asia-Pacific: Veterinary Practice Management Software Market Snapshot
Figure 25 India: Production of Meat, 2011–2020 (Million Tonnes)
Figure 26 India: Indian Animal Health Industry, 2014–2020 (USD Million)
Figure 27 Australia: Pet (Dogs & Cat) Population, 2016–2020 (in Millions)
Figure 28 Pet Population in Brazil, Argentina, and Venezuela (2016–2021)
Figure 29 Key Growth Strategies Adopted by Leading Players, 2018–2021
Figure 30 Market Share Analysis: Veterinary Practice Management
Software Industry, 2020
Figure 31 IDEXX Laboratories, Inc.: Financial Overview (2020)
Figure 32 COVETRUS, INC.: Financial Overview (2020)
Figure 33 AmerisourceBergen Corporation: Financial Overview (2021)
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