Product Code: PM2556
The global Animal Biotechnology market size is expected to reach USD 17.49 billion by 2030, according to a new study by Polaris Market Research. The report "Animal Biotechnology Market Share, Size, Trends, Industry Analysis Report, By Component (Support Services, Software); By Delivery Model; By Functionality; By End-Use; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the dominance of branded products and the rising prevalence of diseases in the region, North America dominated the market in terms of revenue in 2021. The region's industry statistics will be influenced by a number of factors, including the rising prevalence of behavioral and mental disorders, improved medical infrastructure, and rising medical spending in the area.
Cognitive Behavior Therapy (CBT), effective treatment for a variety of psychological conditions, including anxiety disorder and mood disorders, among others, is offered by the majority of well-being applications. Thus, it is projected that rising mental well-being spending and an increase in the number of psychological problems will help to grow the revenue share.
One of the major risks to the industry is data privacy infringement. Due to patient confidentiality, doctors are not allowed to disclose any patient information to third parties. The HIPAA rule was therefore developed by the US Congress to safeguard patient medical records and other information. However, there has been a surge in data infringement instances worldwide, which could impede industry expansion throughout the study period.
For instance, the HIPAA Journal report states that 714 medical data breaches occurred in the United States in 2021. Of those violations, the HHS Office for Civil Rights has already received reports of 500 or more records. As a result, increasing data breaches and data theft may hinder the market expansion of the industry.
Animal Biotechnology Market Report Highlights
Subscription model accounted for significant revenue share due to demand for data management among clinical firms.
Clinical functionality is expected to grow during the forecast period due to advancement in technology and data privacy management among firms.
Hospital sector accounted for the largest CAGR over the forecast period attributed to the adoption of behavioral and mental well-being application in this market is probably being driven by expanding government measures to assist these institutions.
North America is expected to grow at a significant CAGR over the projected period on account the rising demand for behavioral and mental well-being services, behavioral health reforms in the US, and regional government support for these services.
The global market is highly competitive owing to the existence of large market players with global presence including Accumedic, Advanced Data Systems, AdvancedMD, Cerner, Compulink, Core Solutions, Kareo, Meditab, and The Echo Group.
Polaris Market Research has segmented the Animal Biotechnology market report based on product type, application, type, distribution channel and region:
Animal Biotechnology, Component Outlook (Revenue - USD Billion, 2022 - 2030)
Support Services
Software
Integrated Software
Standalone Software
Animal Biotechnology, Delivery Model Outlook (Revenue - USD Billion, 2022 - 2030)
Subscription Model
Ownership Model
Animal Biotechnology, Functionality Outlook (Revenue - USD Billion, 2022 - 2030)
Clinical Functionality
Electronic Health Records
Clinical Decision Support
Care Plans/ Health Management
E-Prescribing
Telehealth
Administrative Functionality
Patient/ Client Scheduling
Document/ Image Management
Case Management
Business Intelligence
Workforce Management
Financial Functionality
Revenue Cycle Management
Managed Care
Accounts Payable/ General Ledger
Payroll
Animal Biotechnology, End User Outlook (Revenue - USD Billion, 2022 - 2030)
Community Clinics
Hospitals
Private Practices
Animal Biotechnology, Regional Outlook (Revenue - USD Billion, 2022 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
Japan
China
India
Rest of Asia
Rest of World
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Animal Biotechnology Market Insights
- 4.1. Animal Biotechnology - Industry Snapshot
- 4.2. Animal Biotechnology Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. High demand for mental health services amidst provider shortage
- 4.2.1.2. Government initiatives to encourage EHR adoption in behavioral health organizations
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Shortage of HCIT professionals
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Animal Biotechnology Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Animal Biotechnology Market, by Component
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 5.3. Support services
- 5.3.1. Global Animal Biotechnology Market, by Support services, by Region, 2018 - 2030 (USD Billion)
- 5.4. Software (Integrated software, Standalone software)
- 5.4.1. Global Animal Biotechnology Market, by Software (Integrated software, Standalone software), by Region, 2018 - 2030 (USD Billion)
6. Global Animal Biotechnology Market, by Delivery Model
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 6.3. Subscription model
- 6.3.1. Global Animal Biotechnology Market, by Subscription model, by Region, 2018 - 2030 (USD Billion)
- 6.4. Ownership model
- 6.4.1. Global Animal Biotechnology Market, by Ownership model, by Region, 2018 - 2030 (USD Billion)
7. Global Animal Biotechnology Market, by Functionality
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 7.3. Clinical functionality (Electronic health records, Clinical decision support, Care plans/health management, E-prescribing, Telehealth)
- 7.3.1. Global Animal Biotechnology Market, by Clinical functionality (Electronic health records, Clinical decision support, Care plans/health management, E-prescribing, Telehealth), by Region, 2018 - 2030 (USD Billion)
- 7.4. Administrative functionality (Patient/client scheduling, Document/image management, Case management, Business intelligence, Workforce management)
- 7.4.1. Global Animal Biotechnology Market, by Administrative functionality (Patient/client scheduling, Document/image management, Case management, Business intelligence, Workforce management), by Region, 2018 - 2030 (USD Billion)
- 7.5. Financial functionality (Revenue cycle management, Managed care, Accounts payable/general ledger, Payroll)
- 7.5.1. Global Animal Biotechnology Market, by Financial functionality (Revenue cycle management, Managed care, Accounts payable/general ledger, Payroll), by Region, 2018 - 2030 (USD Billion)
8. Global Animal Biotechnology Market, by End-Use
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3. Community Clinics
- 8.3.1. Global Animal Biotechnology Market, by Community Clinics, by Region, 2018 - 2030 (USD Billion)
- 8.4. Hospitals
- 8.4.1. Global Animal Biotechnology Market, by Hospitals, by Region, 2018 - 2030 (USD Billion)
- 8.5. Private Practices
- 8.5.1. Global Animal Biotechnology Market, by Private Practices, by Region, 2018 - 2030 (USD Billion)
9. Global Animal Biotechnology Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Animal Biotechnology Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 9.3. Animal Biotechnology Market - North America
- 9.3.1. North America: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.3.2. North America: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.3.3. North America: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.3.4. North America: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.3.5. Animal Biotechnology Market - U.S.
- 9.3.5.1. U.S.: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.3.5.2. U.S.: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.3.5.3. U.S.: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.3.5.4. U.S.: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.3.6. Animal Biotechnology Market - Canada
- 9.3.6.1. Canada: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.3.6.2. Canada: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.3.6.3. Canada: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.3.6.4. Canada: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.4. Animal Biotechnology Market - Europe
- 9.4.1. Europe: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.2. Europe: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.3. Europe: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.4.4. Europe: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.4.5. Animal Biotechnology Market - UK
- 9.4.5.1. UK: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.5.2. UK: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.5.3. UK: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.4.5.4. UK: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.4.6. Animal Biotechnology Market - France
- 9.4.6.1. France: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.6.2. France: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.6.3. France: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.4.6.4. France: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.4.7. Animal Biotechnology Market - Germany
- 9.4.7.1. Germany: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.7.2. Germany: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.7.3. Germany: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.4.7.4. Germany: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.4.8. Animal Biotechnology Market - Italy
- 9.4.8.1. Italy: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.8.2. Italy: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.8.3. Italy: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.4.8.4. Italy: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.4.9. Animal Biotechnology Market - Spain
- 9.4.9.1. Spain: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.9.2. Spain: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.9.3. Spain: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.4.9.4. Spain: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.4.10. Animal Biotechnology Market - Netherlands
- 9.4.10.1. Netherlands: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.10.2. Netherlands: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.10.3. Netherlands: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.4.10.4. Netherlands: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.4.11. Animal Biotechnology Market - Russia
- 9.4.11.1. Russia: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.11.2. Russia.: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.11.3. Russia: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.4.11.4. Russia: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.5. Animal Biotechnology Market - Asia Pacific
- 9.5.1. Asia Pacific: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.2. Asia Pacific: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.3. Asia Pacific: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.5.4. Asia Pacific: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.5.5. Animal Biotechnology Market - China
- 9.5.5.1. China: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.5.2. China.: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.5.3. China: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.5.5.4. China: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.5.6. Animal Biotechnology Market - India
- 9.5.6.1. India: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.6.2. India.: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.6.3. India: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.5.6.4. India: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.5.7. Animal Biotechnology Market - Japan
- 9.5.7.1. Japan: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.7.2. Japan.: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.7.3. Japan: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.5.7.4. Japan: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.5.8. Animal Biotechnology Market - Malaysia
- 9.5.8.1. Malaysia: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.8.2. Malaysia.: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.8.3. Malaysia: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.5.8.4. Malaysia: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.5.9. Animal Biotechnology Market - Indonesia
- 9.5.9.1. Indonesia: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.9.2. Indonesia.: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.9.3. Indonesia: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.5.9.4. Indonesia: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.5.10. Animal Biotechnology Market - South Korea
- 9.5.10.1. South Korea: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.10.2. South Korea.: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.10.3. South Korea: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.5.10.4. South Korea: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.6. Animal Biotechnology Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.2. Middle East & Africa: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.3. Middle East & Africa: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.6.4. Middle East & Africa: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.6.5. Animal Biotechnology Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.5.2. Saudi Arabia: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.5.3. Saudi Arabia: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.6.5.4. Saudi Arabia: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.6.6. Animal Biotechnology Market - South Africa
- 9.6.6.1. South Africa: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.6.2. South Africa: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.6.3. South Africa: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.6.6.4. South Africa: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.6.7. Animal Biotechnology Market - Israel
- 9.6.7.1. Israel: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.7.2. Israel: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.7.3. Israel: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.6.7.4. Israel: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.6.8. Animal Biotechnology Market - UAE
- 9.6.8.1. UAE: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.8.2. UAE: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.8.3. UAE: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.6.8.4. UAE: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.7. Animal Biotechnology Market - Latin America
- 9.7.1. Latin America: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.7.2. Latin America: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.7.3. Latin America: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.7.4. Latin America: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.7.5. Animal Biotechnology Market - Mexico
- 9.7.5.1. Mexico: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.7.5.2. Mexico: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.7.5.3. Mexico: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.7.5.4. Mexico: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.7.6. Animal Biotechnology Market - Brazil
- 9.7.6.1. Brazil: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.7.6.2. Brazil: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.7.6.3. Brazil: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.7.6.4. Brazil: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
- 9.7.7. Animal Biotechnology Market - Argentina
- 9.7.7.1. Argentina: Animal Biotechnology Market, by Component, 2018 - 2030 (USD Billion)
- 9.7.7.2. Argentina: Animal Biotechnology Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.7.7.3. Argentina: Animal Biotechnology Market, by Delivery model, 2018 - 2030 (USD Billion)
- 9.7.7.4. Argentina: Animal Biotechnology Market, by Functionality, 2018 - 2030 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Accumedic
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Advanced Data Systems
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. AdvancedMD
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Cerner
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Compulink
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Core Solutions
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Credible Behavioral Health
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Kareo
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Meditab Software
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. The Echo Group
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development