The Veterinary Software Market is expected to reach $368.7 million by 2019 – New Research Report Published by MarketsandMarkets
April 25th 2015 Posted at Big Data
(PRWEB) March 23, 2015
The report, “Veterinary Software Market by Product [Practice Management Software, & Imaging Software], Delivery Model [On-Premise, & Cloud/ Web-based], Practice Type [Small Animal, Mixed, & Large Animal], & End User [Veterinary Clinics, & Laboratory]- Forecast to 2019” provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the veterinary software market along with the estimates and forecasts of the revenue.
The global veterinary software market is expected to reach $ 368.7 million by 2019 from $ 280.1 million in 2014, growing at a CAGR of 5.6% from 2014 to 2019.
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The report segments this market on the basis of product type, delivery model, practice type, end user and region. Among various end users, the hospital and medical practice segment is estimated to account for the largest share in 2014. Hospitals and medical practices extensively use this software for collecting, processing and managing patient data, which is a major reason for the high share of this end-user segment. The veterinary hospitals and clinics end-user segment is expected to grow at the highest CAGR from 2014 to 2019 due to the increasing use of veterinary software to improve care quality.
Based on region, the market is dominated by North America, followed by Europe, Asia-Pacific (APAC) and the Rest of the World (RoW). North America is expected to account for the largest share of the market in 2014. The growth of this market is driven by factors such as rising spending by pet owners for better vet care and the rising need for veterinarians.
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