EHRs trending in vet care
by Katie Pfaff
Adoption of electronic health records (EHRs) has become more popular in veterinary clinics and animal hospitals, according to a report by The Business Research Company, a market intelligence firm. The technology offers an efficient way to collect and store electronic health information about a client's pet or livestock. The long-term record also allows veterinarians to watch for trends or changes over time for an individual animal’s health.
The global market for animal hospitals and veterinary clinics increased from $96 billion in 2021 to $106 billion in 2022 and grew at a Compound Annual Growth Rate (CAGR) of 10.7%, according to a news release. By 2026, the global animal hospitals and veterinary clinics market growth is anticipated to attain a value of more than $138 billion, based on growth at a CAGR of 6.8%.
Growth across the global veterinary clinics and animal hospital market was expected as the number of zoonotic diseases has increased. At the same time, a shortage of veterinarians is restraining the growth of animal hospitals and veterinary clinics.
The National Institute of Food and Agriculture, part of the U.S. Department of Agriculture, tracks veterinary service shortage situations across the country. Earlier this year, 24 industry leaders urged the American Veterinary Medical Association to support an increase in veterinary college class sizes and to support initiatives to alleviate an “acute and growing” workforce crisis, according to a story in Today’s Veterinary Business.
In addition, People magazine published research from Mars Veterinary Health that projected that an average of 2,500-2,600 graduates would become veterinarians annually. The number would create a shortage estimated at 15,000 veterinarians by 2030.
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