North America to Dominate the Global Veterinary Telehealth Market till 2026
Expansion of animal healthcare sector and rising awareness is expected to drive the demand for global veterinary telehealth market in the forecast period.
According to TechSci Research report, “Global Veterinary Telehealth Market By Animal Type (Livestock (Cattle, Pigs, Poultry, Others), Companion (Feline, Equine, Canine, Others) By Service Type (Telemedicine, Teleconsulting, Telemonitoring, Others) By Application (CT Reporting, Radiographic Reporting, X-Ray and PACS Advice, MRI Reporting, Others) By Company, By Region, Forecast & Opportunities, 2026”, global veterinary telehealth market is expected to witness steady growth for the upcoming five years. Veterinary telehealth is described as virtual veterinary services which helps in treating the animals without the hassle of taking the animals to veterinary centers through the help of video call, audio calls and text messages.
Increasing occurrence of diseases such as blood pressure related issues, spinal problems, diabetes in animals is fueling the need for veterinary telehealths market. Telehealth ensures the well-being of animals as it allows the healthcare professionals to give medical advice of pet animals and monitor the health of animals remotely. Telehealth facility also advices pet owners about the possible medication side-effects on animals. Increasing pet ownership and high consumer spending is accelerating the growth of the veterinary telehealth market. When an animal goes through surgeries and, post-surgery treatment is also necessary for successful treatment. Through the help of video calls and sending pictures of the incision site of its recovery progress is expected to foster the global veterinary telehealth market.
Since the onset of pandemic COVID-19, lockdown restriction was imposed by leading authorities to fight the novel coronavirus all around the globe. Government of several economies released precautionary measure sand guidelines to ensure the safety of its citizens. Travelling to veterinary centers and availability of only essential services impacted the normal treatment procedures of animals. Demand for telehealth services increased along with veterinarian approach to provide quality consultation services and solutions to every healthcare problem faced by animals is driving the market.
However, lack of developed infrastructure in developing economies may create hindrance in the growth of the global veterinary telehealth market.
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Global veterinary telehealth market is segmented into animal type, service type, application, regional distribution, and company. Based on animal type, market is further bifurcated into livestock and companion. Livestock segment consists of cattle, pigs, poultry, and others while companion segment consists of feline, equine, canine, and others. Livestock segment is expected to witness growth for the forecast period, 2022-2026. High consumption of cattle and poultry animals on the daily basis around the world is considered the major factor for its high demand. Use of sheep wool to make sweaters, blankets and other products coupled with increasing prevalence of chronic diseases in sheep is fueling the demand for the market across the globe.
Adoption of telehealth services for well-being and to take preventive care of animals is paving the way for the growth of telehealth services in veterinary sector. Based on service type, market is majorly categorized into telemedicine, teleconsulting, telemonitoring and others. Rising usage form pet and animal keepers to gain advise and insights about the health of animals from veterinary specialist with the help of telehealth tools is influencing the veterinary telehealth market. Consultation services can be availed even in emergency conditions without waiting in long queues or visiting the veterinary health centres. Also, availing telehealth services aids in saving the additional cost required for travelling purposes.
Airvet Inc., Activ4Pets Ltd., BabelBark, Inc., GuardianVets Inc., PetDesk Inc., Petzam, TeleTails, Televet, Vetster, Inc., VitusVet, Whiskers Worldwide, LLC, Virtuwoof, LLC, FirstVet AB, PawSquad Ltd., Petriage Inc are the leading players operating in global veterinary telehealth market. Service providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several veterinary telehealth providers are coming up with their technologically advanced offerings.
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“Penetration of internet services coupled by government initiatives to promote the digitization of all prominent sectors is expected to boost the veterinary telehealths market. Increase in adoption of artificial intelligence and internet of things for real-time analysis and monitoring by farmers and animal owners in addition with availability of user-friendly website interface and mobile applications to facilitate consumers and ensure the convenience of consumers is expected to propel the growth of the veterinary telehealth market until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Veterinary Telehealth Market By Animal Type (Livestock (Cattle, Pigs, Poultry, Others), Companion (Feline, Equine, Canine, Others) By Service Type (Telemedicine, Teleconsulting, Telemonitoring, Others) By Application (CT Reporting, Radiographic Reporting, X-Ray and PACS Advice, MRI Reporting, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global veterinary telehealth market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global veterinary telehealth market.
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