Rising companion animal ownership and demand for pet insurance with growing animal health expenditure are some of the major factors responsible for driving this market. Moreover, growing product innovation and software integration by market players to help their clients with better practice outcomes, and the growing consolidation of the veterinary healthcare industry are other prominent factors that are likely to propel the growth of Veterinary Software Market. The base year considered for the study is 2017, and the forecast has been provided for the period between 2018 and 2023.
Veterinary Software Market – Market Dynamics
Drivers
- Rising companion animal ownership
- Growing product innovation and integration for better practice outcomes
- Rising demand for pet insurance and growing animal health expenditure
- Growing consolidation of the veterinary healthcare industry
Restraints
- Lack of government incentives
- Lack of awareness about veterinary software in developing countries
Opportunities
- Web-based/cloud-based models
- Penetration in emerging economies through education and training initiatives
Challenges
- Meeting region-wise requirements for software functions
- Reluctance to adopt new technologies
- Shortage of veterinary
To know about the assumptions considered for the study, download the pdf brochure
Critical questions which the report answers
- What are new application areas which the veterinary software companies are exploring?
- Which are the key players in the market and how intense is the competition?
