Veterinary Software Statistics 2024
The global veterinary software market size was estimated at USD 847.5 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.2%[1]. Other sources estimate the market size to be around USD 600 million in 2022[2], USD 561.92 Million[5], and USD 1594 million[6]. The market is expected to reach USD 1107.45 Million by 2032[5], USD 2776 million by 2031[6], and USD 2.15 Billion by 2033[9].
The veterinary software market is segmented by product type, delivery mode, practice type, and end-use. The product types include practice management software and imaging software[1][6]. In 2023, Practice Management Software held a substantial 74.8% share of the Veterinary Software Market[9]. The delivery modes are on-premise and cloud/web-based[1][6]. The practice types include small animals, mixed animals, equine, food-producing animals, and others[1][6]. The end-use segments include hospitals/clinics and reference laboratories[9].
The veterinary software market is dominated by North America due to the presence of well-established companies, advanced healthcare IT infrastructure, and high spending capacity of pet owners[1][6].
Key players in the veterinary software market include IDEXX Inc., COVETRUS, INC., Hippo Manager Software, Inc., Advanced Technology Corp., VETport LLC., DaySmart Software, AmerisourceBergen Corporation, Animal Intelligence Software Inc., FirmCloud Corp., ClienTrax, and ezofficesystems Ltd[10].
The cost of veterinary software can range from $2,000 to more than $500,000, depending on the size of the center. There are also recurring costs for software and support[8].
Veterinary software systems come with different value-added features such as treatment plans, SOAP notes, increasing productivity, communicating with clients, and advanced reporting[3].
The growth of the veterinary software market can be attributed to the rise in demand for veterinary software, increasing pet adoption, growing awareness regarding the benefits of the use of software solutions, and an increasing number of veterinary practitioners[1][2][5][6].
Citations: [1] https://www.grandviewresearch.com/industry-analysis/veterinary-software-market [2] https://www.gminsights.com/industry-analysis/veterinary-software-market [3] https://www.cprime.com/resources/blog/what-are-the-most-important-features-in-a-veterinary-practice-management-system/ [4] https://www.capterra.com/veterinary-software/ [5] https://www.thebrainyinsights.com/report/veterinary-software-market-13636 [6] https://straitsresearch.com/report/veterinary-software-market [7] https://www.ezyvet.com/blog/features-to-look-for-when-buying-veterinary-practice-management-software [8] https://pickthebrain.instinct.vet/how-much-does-veterinary-software-really-cost/ [9] https://www.globenewswire.com/en/news-release/2024/01/03/2803358/0/en/Veterinary-Software-Market-Expected-to-Hit-USD-2-15-Billion-by-2033-with-8-8-CAGR-in-the-Coming-Decade.html [10] https://www.meticulousresearch.com/product/veterinary-practice-management-software-market-1432 [11] https://www.idexx.com/en/veterinary/software-services/cornerstone-software/ [12] http://software.idexx.com/products/neo/pricing [13] https://www.mordorintelligence.com/industry-reports/veterinary-software-market- [14] https://www.linkedin.com/pulse/veterinary-software-market-size-companies-market-intelligence-hub-qpt7f?trk=article-ssr-frontend-pulse_more-articles_related-content-card [15] https://www.shepherd.vet/features/ [16] https://www.capterra.com/p/172485/Shepherd-App/ [17] https://www.marketsandmarkets.com/Market-Reports/veterinary-software-market-186264514.html [18] https://talkatoo.com/blog/practice-information-management-software/ [19] https://www.trustradius.com/veterinary [20] https://www.linkedin.com/pulse/global-veterinary-software-market-size-comprehensive?trk=article-ssr-frontend-pulse_more-articles_related-content-card [21] https://www.vetport.com/features [22] https://market.us/report/veterinary-software-market/ [23] https://software.idexx.com/products/neo/features [24] https://www.linkedin.com/pulse/veterinary-software-market-growth-trends [25] https://www.navetor.com/features
The cost of veterinary software varies greatly depending on the type and complexity of the software, as well as the size of the veterinary practice.
For practice management software, the cost typically starts at around $100 per month per user or location and can range to over $200 per month. Some vendors may require a minimum contract commitment of two to three years, and there may be additional fees for setup and training[2]. For example, software like PetDesk starts at $199 per month[16], and other platforms like ezyVet cost around $199 per month[7]. Some platforms base their pricing on the number of veterinary practices and the number of vets that will use the platform, with prices starting at $220 per month[11].
Imaging software, on the other hand, can be significantly more expensive due to the high cost of the equipment required. For instance, the cost of veterinary digital radiography systems can range between $25,000 and $50,000[3]. The average cost of veterinary x-ray equipment packages can range from $26,000 to $70,000, depending on the type of system[6]. A CT machine can cost upwards of $500,000, depending on the number of slices the machine produces[12]. MRI machines can cost from $250,000 to $2 million, depending on the quality of the scanner[14].
It’s important to note that these costs can be influenced by a variety of factors, including the size of the practice, the specific needs of the practice, and the features offered by the software. Additionally, there may be other costs to consider, such as the cost of any necessary hardware, maintenance and replacement costs, server, security, backup, and database costs[4].
Citations: [1] https://www.capterra.com/veterinary-software/ [2] https://www.trustradius.com/veterinary [3] https://soundvet.com/faq/much-todays-veterinary-digital-radiography-systems-cost/ [4] https://pickthebrain.instinct.vet/how-much-does-veterinary-software-really-cost/ [5] https://sourceforge.net/software/veterinary/ [6] https://intriquip.com/veterinary-xray-cost/ [7] https://www.softwareadvice.com/veterinary/ [8] https://www.medicalexpo.com/medical-manufacturer/veterinary-radiology-software-30600.html [9] https://software.covetrus.com/veterinary-insights/blog/practice-management/adding-it-up-total-cost-of-ownership-for-veterinary-software/ [10] https://www.purview.net/blog/how-much-does-a-new-pacs-cost [11] https://petsapp.com/blog/best-veterinary-practice-management-software [12] https://newvetequipment.com/blog/what-is-the-cost-of-a-veterinary-ct-system [13] https://www.g2.com/categories/veterinary-practice-management [14] https://animalscan.com/blog/how-much-does-a-veterinary-mri-machine-cost/ [15] https://www.softwareadvice.com/ca/veterinary/ [16] https://petdesk.com/product/overview/pricing/
