Global Veterinary Telehealth Market, By Animal Type (Livestock and Companion), Service Type (Telemedicine, Teleconsulting, Telemonitoring and Others), Application (Computed Tomography (CT) Reporting, Radiographic Reporting, X-Ray and Picture Archiving and Communication System (PACS) Advice, Magnetic Resonance Imaging (MRI) Reporting and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Veterinary Telehealth Market
Data Bridge Market Research analyses that the veterinary telehealth market will exhibit a CAGR of around 18.70% for the forecast period of 2022-2029. Rising prevalence of zoonotic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced IT healthcare technologies, rising livestock population around the globe and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of veterinary telehealth market.
Telehealth is a technology that is used by the medical practitioners and the medical assistance receivers to comprehend with the health information, education or care remotely. Telehealth offers the communication of technology from one site to another to improve a patient's clinical health status. The technology offers monitoring of patients who are not at the same location as the health care provider. Increasing technological advancements have led to the application of telehealth by the veterinaries.
Upsurge in the cases of chronic disease and disorder in animals is one of the major factors fostering the growth of the market. Rising adoption of artificial intelligence and internet of things in the medical field is another market growth determinant. Ever- rising technological advancement and innovation of new instruments, surging cases of diabetes, kidney diseases, spinal disc problems, and blood pressure related issues and increasing adoption of next generation and latest technologies by the veterinaries will further generate lucrative market growth opportunities.
However, lack of awareness about the diseases will derail the market growth rate. Also, dearth of skilled medical professionals, incapability to determine hygiene and cleanliness and dearth of a favourable reimbursement scenario in the developing and underdeveloped economies will further pose challenges for the market. Further, lack of a strong internet infrastructure in backward areas will also hamper the market growth rate.
This veterinary telehealth market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on veterinary telehealth market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Veterinary Telehealth Market Scope and Market Size
The veterinary telehealth market is segmented on the basis of animal type, service type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of animal type, the veterinary telehealth market has been segmented into livestock and companion. Livestock segment is sub-segmented into cattle, pigs, poultry and others. Companion segment is sub-segmented into feline, equine, canine and others.
- Based on service type, the veterinary telehealth market has been segmented into telemedicine, teleconsulting, telemonitoring and others.
- The veterinary telehealth market has been segmented on the basis of application into computed tomography (CT) reporting, radiographic reporting, x-ray and picture archiving and communication system (PACS) advice, magnetic resonance imaging (MRI) reporting and others.
Veterinary Telehealth Market Country Level Analysis
The veterinary telehealth market is analysed and market size insights and trends are provided by country, animal type, service type and application as referenced above.
The countries covered in the veterinary telehealth market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the veterinary telehealth market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increase in the expenditure for research and development proficiencies, presence of key players in the region and high investment in animal health care expenditure. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the increasing government expenditure on healthcare sector, rising adoption of veterinary healthcare facilities, rapid expansion of manufacturing facilities in emerging countries such as China and India and rising personal disposable income.
The country section of the veterinary telehealth market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The veterinary telehealth market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for veterinary telehealth market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the veterinary telehealth market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Veterinary Telehealth Market Share Analysis
The veterinary telehealth market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to veterinary telehealth market.
Some of the major players operating in the veterinary telehealth market report are Agora, Animan Technologies Inc., LINKYVET, Oncura Partners, TeleVet., VetChat services Pty Ltd, VetCT, VETOCLOCK, WellHaven Pet Health, Petriage, PawSquad, Pawru, Inc., Virtuwoof, LLC., Whiskers Worldwide, LLC., PetDesk., FirstVet, Inc., VitusVet, TeleTails, GuardianVets and AIRVET, INC., among others.