The size of the Asia Pacific Veterinary Software Market is valued at USD 85.7 billion in 2020. It is estimated to be growing at a CAGR of 5.75% to reach USD 113.34 billion by 2025.
Factors such as pet adoption, rise in animal pet ownership, rise in prevalence of chronic animal diseases, increased pet insurance, 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, rise in the number of software technicians, software developers, and computer science graduates are also major growth contributors for this market. Growing consolidation in the veterinary healthcare industry boosts up 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, tools for various research and pharmacological purposes are increasing market value. The presence of key players, developers, end-users such as veterinary clinics and veterinary research departments boosts upmarket revenue.
The veterinary software systems get only minimum support from the government end comparatively, which is expected to hamper the market growth. The adaption rate for veterinary software in Asia Pacific regions such as India, China, 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 health care information systems or solutions, the awareness for veterinary software is deficient; hence, this turns out as 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:
The Asia Pacific has the third-largest share in 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, 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.).
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Practice Management Software
5.1.3 Imaging Software
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 Delivery Model
5.2.4 Y-o-Y Growth Analysis, By Delivery Model
5.2.5 Market Attractiveness Analysis, By Delivery Model
5.2.6 Market Share Analysis, By Delivery Model
5.3 Practice Type
5.3.2 Small Animal
5.3.4 Large Animal
5.3.6 Y-o-Y Growth Analysis, By Practice Type
5.3.7 Market Attractiveness Analysis, By Practice Type
5.3.8 Market Share Analysis, By Practice Type
5.4.3 Reference Laboratories
5.4.4 Y-o-Y Growth Analysis, By End-Use
5.4.5 Market Attractiveness Analysis, By End-Use
5.4.6 Market Share Analysis, By End-Use
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Delivery Model
126.96.36.199 By Practice Type
188.8.131.52 By End Use
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product
18.104.22.168 By Delivery Model
22.214.171.124 By Practice Type
126.96.36.199 By End Use
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Product
220.127.116.11 By Delivery Model
18.104.22.168 By Practice Type
22.214.171.124 By End Use
6.5 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Henry Schein, Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Idexx Laboratories, Inc.
8.3 Patterson Companies, Inc.
8.4 Britton's Wise Computer, Inc.
8.5 Firmcloud Corporation
8.6 Timeless Veterinary Systems, Inc.
8.7 ezyVET Limited
8.8 MedaNext Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures