The global veterinary software market is rising with a moderate phase; mainly owing to increase spending by the pets owners on their pets. Most of the dog owners consider their dogs to be a member of their family. Thus, increasing attachment towards their pets rises the caring factor within the owners which leads the market of veterinary healthcare. According to American Pet Products Manufacturing Association (APPA), around 80% of all dog owners have taking the treatment for their dogs from veterinary clinics or hospitals, thus with the growing spending on treatment of pets enhance the market of veterinary software, and driving the growth of the global veterinary software market.
Companies are continuously engage in developing new software for capturing maximum market share globally. Thus major players invest more in research and development activity and expanding their network globally in order to lead the global market. In this regards, ezyVET Limited, in 2017, Announces that company is opening North American headquarters In Frisco, Texas in January 2018. This move by the company clearly indicate the interest of ezyVET to handle North America market in more effective way. This networking help Company to reach the patient population and capturing the market, whereas research and development will help company to leads the market. Increasing interest of people towards pets globally is the factor that leads the market of veterinary software. Moreover companies are more focus to capture the market.
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Britton’s Wise Computers Inc.(U.S.), ClienTrax.(U.S.), ezyVET Limited (New Zealand), Henry Schein, Inc. (U.S.), Hippo Manager Software, Inc. (U.S.), IDEXX Laboratories, Inc.(U.S.), Onward Systems, Inc. (U.S.), Patterson Veterinary Supply, Inc.(U.S.), Provet Cloud – Finnish Net Solutions Ltd.(Finland), VetBlue (U.S.), VETPORT (U.S.), Vetter Software, Inc. (U.S.) are some of the leading players at the cutting edge of the competition in the market of veterinary software, globally.
Veterinary software is the animal hospital software which is used for multiple purpose such as appointment scheduling, treatment management, patient information, payment and billing process, tracking the inventory, and follow-ups. These software are playing an important role in changing the traditional approach of veterinary healthcare. It help in setup individual practice, super-responsive customer/technical support, access to records online anywhere, and intuitive medical records. As per Oasmia Pharmaceutical AB in the United States, total number of pets (Dogs) has raised from 68 million to 83.3 million from the period 2000 to 2014, around 60 million dogs were kept as pets in countries like Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia and around 15 million dogs in Japan.
Global Veterinary software Market – Regional Analysis
The market of veterinary software is much higher in the Americas region. There are huge population which consider the pet their best friend, which leads the emotional attachment between the owners and pets. Thus, pet owners invest more on the treatment of their pets for better health, which lead the market of veterinary software in this region. According to Statista, in 2017 around 89.7 million dogs are living in U.S. along with 94.2 million cat, whereas report suggest that there are 14 million small animal and 9.4 million reptile in United states. Report also suggest that approx. 12 million of dogs increase from 2015 to 2017.
Europe is also consider huge market for veterinary software players, owing to present of huge population keeping pets, thus concern about their health. Government are more focusing on research and development to introduce best treatment for the pets. According to a GfK SE survey, globally, 57% of population own pets, Dogs are the most popular pet globally, owned by 33 percent of respondents, with cats next at 23 percent.
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Considering the global scenario of the market, North America is believed to be the largest market for global veterinary software. Moreover the European market, especially Western Europe is growing and second largest market for global veterinary software. On the other hand, Asia-Pacific is expected to grow at significant rate in the global veterinary software market during the forecasted period. Middle East and Africa is likely to have a limited but steady growth in the market, particularly market in North Africa is growing as compared to South and East region of Africa due to less awareness of these therapies and treatment.
Asia Pacific are considering the fastest growing market for veterinary software. The huge number of animals in China and India coupled with their unmet needs have made this market as the fastest growing in the world. Country in this region are focusing on better standards of living, which resulted in an increase in pet ownership and livestock product consumption across the Asia Pacific region. Whereas the Middle East and Africa are low market due to his poor living standard. Government are least concern about the development of veterinary healthcare industry. Developing countries are focusing on new technology, which provide the opportunity to the market player to maximize the market share. This gap between the developed and developing countries will present significant growth opportunity for the veterinary software market players in the coming years.
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