“Global Veterinary EHR Market to reach a market value of 1.46 Billion by 2031 growing at a CAGR of 13.2%”
The Global Veterinary EHR Market size is expected to reach $1.46 billion by 2031, rising at a market growth of 13.2% CAGR during the forecast period.
The emphasis on maintaining the health and productivity of food-producing animals, along with regulatory requirements for traceability and food safety, drives the adoption of specialized EHR systems that can efficiently track and manage health records, treatment histories, and production data. Thus, in 2023, the food-producing animals segment held 12% revenue share in the market. This segment includes livestock such as cattle, sheep, pigs, and poultry, essential to the agricultural sector for meat, dairy, and other animal products.
The growing awareness about the health and well-being of pets and livestock is a major drive for the veterinary EHR market. As pet owners and livestock producers become more conscious of the importance of proactive care, there is an increasing demand for advanced healthcare services.
An increased awareness of the benefits of early diagnosis and treatment drives a growing shift toward preventive care and wellness programs for pets. Preventive care involves regular check-ups, vaccinations, dental care, and screening for common diseases, which helps improve long-term health and reduces the overall costs of treatment. Therefore, a shift toward preventive care and wellness programs drives the market's growth.
However, one of the primary challenges to the widespread adoption of Veterinary EHR systems is the high initial implementation cost, particularly for small and medium-sized veterinary practices. While larger practices and veterinary hospitals often have financial resources to invest in sophisticated software and hardware solutions, smaller practices may struggle to afford these systems. In conclusion, high initial implementation costs for small and medium-sized veterinary practices hamper the market's growth.
The pandemic restricted veterinary practices, disrupting normal operations. Lockdowns, social distancing measures, and fear of virus transmission caused many pet owners to delay or cancel non-essential visits to veterinary clinics. This appointment reduction led to a decline in the need for EHR solutions, as veterinary practices were forced to limit their operations and services. Thus, the COVID-19 pandemic had a negative impact on the market.
By end-users, the market is divided into integrated device manufacturers (IDMs), semiconductor fabless companies, semiconductor test equipment manufacturers, and semiconductor outsourced assembly & test houses (OSATs). The semiconductor fabless companies segment garnered 26% revenue share in the market in 2023. Semiconductor fabless companies are driven by the need to ensure design efficiency and manufacturability, which are critical to maintaining their competitive position in the market.
By practice type, the market is divided into small animals, mixed animals, food-producing animals, equine, and others. In 2023, the small animals segment registered 57% revenue share in the market. This significant share underscores the high volume of veterinary services dedicated to pets, such as dogs and cats, which require detailed and efficient health records for routine care, medical treatments, and wellness check-ups.
Based on application, the market is divided into practice management and imaging. The imaging segment acquired 25% revenue share in the market in 2023. These technologies, which include digital radiography, ultrasound, and MRI, are essential for accurate diagnosis and effective treatment planning.
Based on end use, the market is divided into veterinary hospitals/clinics, and others. In 2023, the others segment procured 16% revenue share in the market. This segment encompasses a variety of end users, including research institutions, academic veterinary schools, specialty animal care centers, and mobile veterinary services.
Free Valuable Insights: Global Veterinary EHR Market size to reach USD 1.46 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe region generated 29% revenue share in the market in 2023. This segment includes various end users such as research institutions, academic settings, and specialty animal care facilities. The need for accurate and efficient management of animal health records, research data, and educational resources drives the adoption of EHR systems in these diverse settings.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 555.07 Million |
| Market size forecast in 2031 | USD 1.46 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 13.2% from 2024 to 2031 |
| Number of Pages | 225 |
| Tables | 430 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Application, Delivery Mode, Practice Type, End Use, Region |
| Country scope |
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| Companies Included | Veterinary EHR Market, IDEXX Laboratories, Inc., Animal Intelligence Software, Inc., Onward Vet, Veterinary Information Systems, ClienTrax, VetZ GmbH (Antech Diagnostics, Inc) (Mars, Inc.), Hippo Manager Veterinary Software, Inc., Patterson Companies, Inc. and Digitail Inc. |
By Application
By Delivery Mode
By Practice Type
By End Use
By Geography
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