This report provides detailed insights into the market landscape after substantial primary and secondary research
FREMONT CA: The rising pet and livestock population, the rising danger of chronic and infectious diseases in companion and livestock animals, and government attempt to enhance animal welfare are all propelling the worldwide veterinary practice management software industry to steady growth. From 2021 to 2028, the veterinary practice management software market is estimated to rise at a CAGR of 7.7%, reaching $539.7 million. The report examines the key industry drivers, restraints, challenges, and opportunities after doing extensive secondary and primary research and in-depth analysis of the market landscape.
Emerging markets, such as India and China, also provide considerable potential for existing market competitors and new entrants due to their enormous farm animal populations and rising zoonotic disease frequency. Based on delivery mode, the on-premise section is predicted to have the greatest share of this market in 2021. The advantages of on-premise veterinary practice management software in terms of security, complete control, and lessening the total cost of ownership account for a major portion of this market.
In 2021, the companion animal practices segment was anticipated to acquire a major market share based on practice type. The maximum share of this sector is largely ascribed to the increasing pet population, proper knowledge of animal health, and the rising incidence of diseases in domestic pets. Based on end-users, the veterinary hospital sector was predicted to occupy the maximum share of this market in 2021. The growing number of veterinary hospitals and veterinarians were primarily responsible for this segment's substantial proportion.
A detailed qualitative and quantitative analysis of the geographical scenario of the veterinary practice management software market provides insights about the five major geographies (North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa), as well as coverage of major countries in each region. In 2021, North America was predicted to hold the greatest proportion of the worldwide veterinary practice management software market, followed by Europe and Asia-Pacific.