From GlobeNewswire: 2024-11-12 09:00:00

The S&S Insider report reveals the Veterinary Software Market was valued at USD 1.60 Billion in 2023, projected to reach USD 3.38 Billion by 2032, with a CAGR of 8.68% from 2024 to 2032. Growing pet ownership and AI advancements are key factors driving market expansion.

AI technology in veterinary software is boosting accuracy rates by 90% and reducing diagnostic errors by 40%. Cloud-based solutions are extending quality care in emerging markets. Major players include IDEXX Laboratories, Covetrus Inc., and Hippo Manager, among others.

Telemedicine and remote consultations are driving growth in the veterinary software market, particularly in rural and under-served areas. AI and technological advancements are enhancing diagnostic accuracy and treatment efficiency. Small animals dominate market revenue, with specialized practices like wildlife conservation seeing rapid growth.

North America leads the veterinary software market due to high pet ownership rates and early adoption of digital technology. Asia Pacific is expected to see rapid growth from 2024 to 2032, driven by increased pet ownership levels and modernization of veterinary practices. The demand for quality pet care is on the rise in the region, leading to increased interest in veterinary technology from the government and private sector. IDEXX introduced Vello, a platform for pet owners, while Covetrus launched its NetSuite solution and collaborated with Zoetis Diagnostics for data transfer. Statistical insights and trends reporting show adoption rates, user demographics, feature analysis, cost analysis, and integration capabilities in the veterinary software market. S&S Insider offers market research and consulting services to provide clients with the knowledge they need to navigate changing circumstances.



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