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.
(PRWEB) May 06, 2015
The veterinary software market is expected to reach $368.7 million by 2019 from $280.1 million in 2014, at a CAGR of 5.6%. The global veterinary software market is categorized on the basis of product type, delivery model, practice type, end user, and region. The web-based/cloud-based model segment is expected to register the highest growth rate in the veterinary software market, by delivery model, during the forecast period. Furthermore, this model offers cost-effectiveness due to the elimination of purchasing costs of software and hardware. Browse 78 market data tables & 49 figures spread through 140 pages and in-depth TOC on " Veterinary Software Market" at http://www.rnrmarketresearch.com/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-us-market-report.html .
Major factors driving the growth of the veterinary software market include rising companion pet ownership and care, and the increasing number of veterinary practitioners. Furthermore, increasing product innovation and the integration of additional functions/tools by market players for best practice outcomes is another major factor providing an impetus to the growth of this market. For instance, in May 2013, Timeless Veterinary Systems, Inc. (U.S.) introduced a highly customizable Teleradiology platform, the Timeless Case Management System, designed to empower veterinary radiologists with an affordable first-class system to manage their entire online consulting service. The penetration in emerging economies by education and training can open an array of opportunities for the veterinary software market.
The company profiled in veterinary software market report includes Henry Schein Inc, Idexx Laboratories, Inc, Patterson Companies, Inc, Britton's Wise Computer Inc, Firmcloud Corporation, Animal Intelligence Software, Inc, Timeless Veterinary Systems, Inc, Ezyvet Limited, OR Technology and Medanext Inc Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=313961 .
However, the lack of government incentives and awareness, and the reluctance to adopt new and advanced systems are expected to restrain the growth of this market.
Web-based/cloud-based models, and exclusive small animal practices, are expected to serve as new revenue pockets for the veterinary software market in the coming five years.
Apart from the comprehensive geographical and product analysis and market sizing, the report also provides a competitive landscape that covers growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise basic views of key players in the veterinary software market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, changes in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful. Priced at $4650 for a single user PDF, a discount on “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” research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=313961 .
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms, gain a greater market share. Firms purchasing the report can use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
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