APAC Veterinary Software Market

APAC Veterinary Software Market Size (2022 to 2028)

The size of the Asia Pacific Veterinary Software Market is valued at USD 95.84 billion in 2023. It is estimated to be growing at a CAGR of 5.75% to reach USD 126.75 billion by 2028.

Factors such as pet adoption, rise in animal pet ownership, rise in prevalence of chronic animal diseases, increased pet insurance, and increased animal health plans increase the market size for the veterinary software market in the Asia Pacific region. Increased technology and advancements through software, hardware, and computer systems, as well as a rise in the number of software technicians, software developers, and computer science graduates, are also major growth contributors to this market. Growing consolidation in the veterinary healthcare industry boosts market growth.

Government initiatives, fund releases, fund rising camps, awareness camps for the veterinary market, and pet safety drive market growth. Other factors, such as product designing and innovative approaches to medical devices & medical software systems, and tools for various research and pharmacological purposes, are increasing market value. The presence of key players, developers, and end-users, such as veterinary clinics and veterinary research departments, boosts upmarket revenue. 

The veterinary software systems get only minimal support from the government, which is expected to hamper market growth. The adoption rate for veterinary software in Asia Pacific regions such as India, China, and Japan is shallow due to various factors such as inadequate pet healthcare plans, reimbursement policies, pet safety issues, etc. These issues show a negative impact on the veterinary software market. Compared with healthcare information systems or solutions, the awareness of veterinary software is deficient; hence, this turns out to be a drawback for this market. As the government’s support is meager to implement innovations in this market, it is difficult for companies to get a break-even. The lack of incentives and funds for the same is also very poor. 

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

• By Product: Practice Management Software and Imaging Software
• By Delivery Model: On-Premise and Web-based
• By Practice Type: Small Animal, Mixed and Large Animal
• By End-use: Hospitals and Reference Laboratories  
• By Country: India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, and Rest of APAC

Regional Analysis:

The Asia Pacific has the third-largest share of the world market for veterinary software. The market is expected to grow at the highest rate during the forecast period owing to the developing medical technology, rising population, and focus on R & D. The Asia Pacific is a developed country that expects steady growth due to many factors. Factors such as pet adoption, rise in animal pet ownership, rise in prevalence of chronic animal diseases, increased pet insurance, and increased animal health plans increase the veterinary software market's market size. India and Japan are regions with the highest pet adoption and safety systems, technological advancements, and research-based activities, and hence, these hold the largest shares and revenue.  

Noteworthy companies leading in the APAC Veterinary Software Market profiled in the 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.).