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Technology

Veterinary software, diagnostics, wearables, telehealth and applied AI. The products being built for pet owners, clinics and insurers, and the business models behind them.

Line illustration of a smart dog collar with a sensor module
Line illustration of an at-home canine gut microbiome test kit
Line illustration of a handheld veterinary therapy device
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Key numbers

  • 14k–24k

    The projected US veterinarian shortfall by 2030. This is the demand that gives clinic-facing software a buyer with a budget. Source: AAVMC.

  • 8

    states expressly permit establishing a veterinarian-client-patient relationship virtually. The other 42 require an in-person exam first. Regulation, not product quality, caps consumer pet telehealth. Source: AAHA.

  • 70.3%

    of veterinary professionals report concern about AI reliability and accuracy. Even where the buyer and the budget exist, trust is the gate. Source: 2024 AAHA and Digitail survey.

  • 11%

    of pet M&A deal flow is software and tech, and it exits by absorption. Four of the 37 deals we recorded in 2026, three of them add-ons folded into a platform the acquirer already owned.

The final figure is our own count, from The Underbite pet M&A deal log, deals with a 2026 announce date through August 11th, 2026. The first three name an outside source.

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