North America Veterinary Software Market

North America Veterinary Software Market Size (2023 to 2028)

The size of the veterinary software market in North America is estimated to be worth USD 115.31 billion in 2022 and is growing at a CAGR of 5.55% to reach USD 151.06 billion by 2028.

The increasing rate of pet adoption among the population and increasing chronic and infectious diseases among animals are majorly propelling the veterinary software market growth in North America. During and after the COVID-19 pandemic, the population's pet adoption rate has increased as they craved companionship to avoid loneliness. As per a recent American Pet Products Association survey, nearly 70 percent of households own a pet. In the US, one in five households has a dog, cat, or another pet animal. Some chronic diseases seen in animals are arthritis, chronic kidney condition, skin allergies, diabetes, inflammatory blow syndrome, gum diseases, and other orthopedic conditions. All these conditions require multiple recheck appointments with the veterinaries, which demand veterinary software. This software collects all the animal information and helps schedule appointments for pet owners. It also provides billing information and keeps track of the patient’s history. In addition, increasing healthcare expenditure by the pet owner also increases veterinary hospital visits.

Increasing awareness about the benefits of veterinary software and increasing adoption of pet health insurance are further favoring the growth rate of the North American market. In addition, factors like decreasing human-made errors in recording the information and reducing time for searching the pet data and the previous health records of the pet, etc., help in the demand for veterinary software in veterinary hospitals. In addition, increasing pet insurance companies encouraging pet owners to opt for pet insurance for pets and livestock animals support the market growth.

The growing number of advancements in the development of veterinary software also boosts regional market growth. Due to the increase in the demand for veterinary software, advanced technologies such as artificial intelligence and cloud computing are used in the software to obtain accurate information regarding data searches and secure the data from third parties. Increasing research and development centers, increasing training centers for software usage, and increasing software approvals also help the market growth. The data stored in the software also helps develop veterinary drugs and vaccines, which help better animal health.

The software and maintenance costs are the primary factors restraining the market growth during the forecast period. In addition, lack of awareness about the software, lack of skilled professionals, lack of healthcare infrastructure, and lack of government support in a few countries are the other factors hampering the market growth.

This research report on the North America Veterinary Software Market has been segmented and sub-segmented into the following categories:

By Product: 

• Practice Management Software
• Imaging Software

By Delivery Model: 

• On-Premises
• Web-based

By Practice Type: 

• Small Animal
• Mixed
• Large Animal

By End-use: 

• Hospitals
• Reference Laboratories  

By Country: 

• The United States
• Canada
• Rest of North America

Geographically, North America accounted for the dominating share of the worldwide market in 2022. The trend is expected to continue throughout the forecast period owing to the increasing adoption of the latest technologies in the veterinary healthcare sector to improve healthcare access to animals. In addition, increasing veterinary clinics and hospitals in the region also helps develop market growth.

The U.S. veterinary software market held the major share of the North American region in 2022 and is predicted to grow promising in the coming years. The growth of the U.S. market is majorly driven by the increasing presence of several veterinary doctors and increasing investment by the government in adopting veterinary software in veterinary clinics. Additionally, increasing manufacturers' and government awareness programs help develop market growth.

Canada is another potential market for veterinary software. It is expected to capture a substantial share of the North American market during the forecast period owing to the growing number of veterinary software companies. These companies help provide customized veterinary software to veterinary hospitals to improve the animal's health and the development of the hospitals.

KEY MARKET PLAYERS:

Companies playing a dominant role in the North America Veterinary Software Market profiled in this report are Henry Schein, Inc. (U.S.), Idexx Laboratories, Inc. (U.S.), Patterson Companies, Inc. (U.S.), Britton's Wise Computer, Inc. (U.S.), Firmcloud Corporation (U.S.), Timeless Veterinary Systems, Inc. (Canada), ezyVET Limited (New Zealand), MedaNext Inc. (U.S.), and Animal Intelligence Software, Inc. (U.S.).