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 telehealth
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 veterinary telehealth 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
telehealth 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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