Jagdish Prasad Mittal’s Post

According to The Business Research Company’s Veterinary Practice Management Software Global Market Report 2024, the veterinary practice management software market is poised for substantial growth. Market Overview The market was valued at $0.35 billion in 2023 and is projected to reach $0.37 billion in 2024, with a CAGR of 7.4%. Key growth drivers include rising zoonotic illnesses, increased companion animal ownership, and higher pet owner spending. Additionally, the demand for telemedicine and remote services, alongside the adoption of software applications in veterinary healthcare, has bolstered this trend. Future Projections The market is expected to grow to $0.5 billion by 2028, at a CAGR of 7.6%. Contributing factors include: Increasing pet ownership Growing awareness of animal health Rising numbers of farm animals Expansion of veterinary hospitals Higher demand for pet insurance Key Trends Technological Advancements: Enhancing software capabilities AI and Machine Learning: Improving diagnostics and efficiency Cloud-Based Solutions: Offering better accessibility Telemedicine Services: Expanding remote consultations Integration with Wearable Technology: Enhancing pet health monitoring Market Segmentation By Product: Appointment scheduling, EMR, integrated solutions, inventory management, medical billing By Deployment: On-cloud, on-premise By Practice Type: Companion animals, mixed animal, food producing, equine By End-User: Veterinary hospitals, referral practices, ambulatory services, clinics Regional Insights North America led the market in 2023, while Asia-Pacific is anticipated to be the fastest-growing region due to increasing pet ownership and veterinary services expansion. 🔗 Read More -https://lnkd.in/gzHAhvpk #tbrc #veterinary #software #healthcare #marketsize #marketoutlook

In a Today's Veterinary Business article, legal expert Mark Cushing looks at recent vet med trends to share what's in store for the rest of 2024. Here are a few predictions: ✔️Continued conversations about access to care ✔️Additional work toward technician utilization and retention ✔️Progress toward a system to ensure breeders comply with detailed standards What are your predictions for the rest of 2024? https://bit.ly/43CQtnW

Really interesting article in Forbes that depicts the trends in #PetHealth. Alexandre Douzet said: ”How I see AI truly transforming the veterinary industry is in its ability to enable more accurate diagnostics and early detection of health risks”. Good to be at te forefront of #AI innovation with our LAIKA. Enjoy the read!

51% of clients now prioritize customer experience (CX) over price, and 79% are willing to switch to another brand if it offers a better experience, according to a 2024 study by CX expert Shep Hyken. Another Zendesk study further reveals that over 50% of customers will avoid a business after just 1 bad experience. For veterinary practices, this means delivering an exceptional experience at every stage of the pet parent's journey is critical to retaining clients and staying competitive. The pet parent's journey with your practice typically follows three key stages where experience is crucial: 👀 Awareness: This is when a potential client first encounters your practice, whether through a Facebook post, a Google search, or by visiting your website. 🤔 Consideration: Once a pet parent is interested, they may call your practice, start a web chat, send an email, or even visit your clinic in person to learn more. 🤝 Decision: At this point, the pet parent is ready to book an appointment or make a purchase—either online, in person, or over the phone. After this initial interaction, your focus should shift toward building long-term loyalty and increasing lifetime value (LTV): 🔒 Retention: Ensuring a great experience after the first visit is key to encouraging repeat visits and maintaining a strong relationship with the pet parent. 🗣️ Advocacy: Satisfied pet parents will become advocates for your clinic, referring others and leaving positive reviews online, helping your practice grow. Each of these stages is a chance to strengthen—or weaken—your relationship with pet parents. Practices that fail to get this right risk losing clients to competitors who provide a better experience. Found this insightful? Subscribe to our newsletter to receive CX tips and digests tailored for veterinary practices, delivered straight to your inbox 👇🏼

𝗣𝗲𝘁𝘀 𝗧𝗲𝗹𝗲𝗵𝗲𝗮𝗹𝘁𝗵 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟮. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 The Pets Telehealth industry has witnessed significant development, with a focus on enhancing access to veterinary care for pet owners. The market status of Dogs (Telemedicine, Teleconsulting) and Cats (Telemedicine, Teleconsulting) reflects the increasing demand for remote veterinary services. Key enterprises in both developed and developing markets have been actively involved in advancing cutting-edge technology, securing patents, and identifying hot applications in Pets Telehealth. Regionally, North America and Europe are experiencing steady growth, driven by government initiatives and heightened consumer awareness about the benefits of remote veterinary care. Meanwhile, Asia-Pacific, particularly China, leads the global Pets Telehealth market, owing to robust domestic demand, supportive policies, and a strong manufacturing base. Key features of the report include a comprehensive understanding of the Pets Telehealth market, offering insights into industry components and stakeholders, along with an analysis of market dynamics, trends, challenges, and opportunities. 𝗧𝗼 𝗞𝗻𝗼𝘄 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗰𝗼𝗽𝗲 𝗮𝗻𝗱 𝗗𝗲𝗺𝗮𝗻𝗱 𝗼𝗳 𝗣𝗲𝘁𝘀 𝗧𝗲𝗹𝗲𝗵𝗲𝗮𝗹𝘁𝗵 𝗠𝗮𝗿𝗸𝗲𝘁.𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙: https://lnkd.in/d9AuZQpz *𝗕𝘆 𝗧𝘆𝗽𝗲: Telemedicine,  Teleconsulting,  Telemonitoring *𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Dogs,  Cats,  Others *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, South America, Middle East & Africa *𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Airvet,  Activ4Pets,  BabelBark, Inc,  GuardianVets,  PetDesk,  Petzam,  TeleTails,  Televet,  Vetster, Inc.,  VitusVet,  Whiskers Worldwide, LLC,  Virtuwoof, LLC,  FirstVet,  PawSquad,  Petriage Inc #petstelehealth #telemedicine #veterinarycare #pethealth #animalhealth #petwellness #digitalhealth #telehealth #veterinarymedicine #pets #petcare #virtualvet #animalcare #petowners #teleconsultation #petindustry #veterinaryservices #telehealthcare #telemed #animaltelemedicine

Veterinary Friends, Have you seen the latest American Animal Hospital Association report? Their survey identified several startling trends in the industry, such as: - 30% of #veterinaryemployees plan to leave their roles in the next year - half of those people plan to leave #veterinarymedicine for good - a mere 10% would ever consider returning to a #veterinarypractice This isn't just a numbers game; it's about providing crucial support for the people who care for our precious pets. Their quest for meaningful work is at odds with the realities of high stress and burnout, leading to this critical point of attrition. We believe pet insurance can be a key lever in helping improve the quality of work-life balance (and mitigating one of the most stressful parts of the job - the cost conversation). If this resonates with you, please reach out and we'll help your team fix the pet insurance conversation for free. #VetLife #BurnoutPrevention #StressManagement #Retention #StayPlease https://lnkd.in/gfa-ruKh

Boosting Retention in your Veterinary Clinic: Strategies for Keeping Your Clients, and Your Staff, Loyal and Satisfied 👩⚕️💁♀️💁🏻♀️ dvm360® 💁🏻♀️ When affordability is a concern, pet owners see preventive care as care, not protective care. A. preventive ✅ B. elective C. mandatory D. required E. compulsory 💁🏻♀️ What generation currently accounts for the greatest number of US pet owners? A.Boomers B. GenX ✅ C. Millennials D. Gen Z E. Silent Generation 💁🏻♀️In a 2022 Packaged Facts survey of US pet owners, what priorities did Millennial pet owners seek in their veterinarian? A. Offers fixed cost plan for basic veterinary care B. Helps me manage veterinary care costs C. Helps me manage pet medication costs ✅ D. All of the above E. None of the above 💁🏻♀️ In a December 2021 Packaged Facts survey of US pet owners, what percentage reported they had medications prescribed by their veterinarian but filled by a third-party website? A. 12% B. 15% C. 20% ✅ D. 27% E. 33% 💁🏻♀️In a 2021 SMS research survey, what percentage of US adults preferred to communicate with businesses through text messages? A. 10% B. 33% C. 50% D. 75% ✅ E. 90% #VetFolioTips #VeterinaryRetention #ClientSatisfaction #StaffLoyalty #PetCareAffordability #MillennialPetOwners #VeterinarySurvey #PetMedicationCosts #CommunicationPreferences #TextMessageCommunication #PetHealthcare #VeterinaryStrategies #ClientEngagement

Digital twin technology will be one of Veeeet's key innovations, our secret sauce. This technology will be used to systematically store data about the pet, monitor and predict health status, and develop the most reliable recommendations for feeding and care. What is a #digitaltwin? According to the Wiki definition, "a digital twin is a digital representation of an alleged or actual real physical product, system, or process (physical twin) that serves as a virtually indistinguishable digital counterpart for practical purposes". In our case, a digital twin is a digital model of your pet that takes into account your pet's breed, age, weight and height, and other physical parameters, as well as feeding characteristics, physical activity, and other factors. Such a model will allow you to see changes in the main parameters in dynamics and interdependencies - as it happens in a real pet. For example, it will be possible to predict which physical activities are safe and which may have negative effects on the heart and joints. What level of protein in food is optimal for your pet, and what is insufficient or, on the contrary, excessive and puts unnecessary stress on the kidneys. We plan to start with a fairly simple model and gradually increase the number of factors taken into account. Our experience in veterinary medicine suggests that such a model will be extremely useful for maintaining the health of your pet, for early diagnosis and prevention of many diseases. Digital twin technology is not just an idea of the founders of Veeeet. It is now one of the fastest growing segments of the digital market. The expected CAGR until 2028 is 61.3% (according to Marketsandmarkets). We see it as an important part of our mission to bring all the benefits of the most promising digital technologies to responsible pet owners. #pettech #Ehealth #veterinary

Caring for pets brings both joy and challenges. While veterinary expenses can be high, my sister's newsletter aims to bring valuable free tips to ensure your beloved companion stays happy and healthy. Explore it for expert advice on pet care!

Even the BBC has to have attention grabbing headline! However let’s consider the CMA’s situation….. The complexity of the professional service sector and the emotions attached to pet-owner bond makes it challenging to establish the true value of veterinary care. The CMA is consulting on a formal investigation, but I believe it is important to note that the investigation is not being conducted in the context where many actors in the industry (from independents to larger corporates) are consistently making supranormal profits. I believe all great business and industries should be based on the triple win of customer, staff and business owners getting a fair proportion of the value created. So, while the aim is to reduce costs for pet owners, who will actually lose out? Link to article: