InsightAce Analytic's most recent study estimates that the global veterinary telehealth market will be worth US$ 114.14 million in 2021 and US$ 558.16 million in 2030, with a CAGR of 19.8% over the forecast period of 2022–2030. In recent times, telehealth within veterinary medicine has been an emerging topic of interest, particularly with the advancement of digital information and communication technologies across the globe. The rise in the development of new digital technologies has presented more opportunities to expand the practice of veterinary medicine by incorporating telehealth tools. Telemedicine is a method of delivering veterinary medicine using information and communication technologies, such as video chat, when the veterinarian and animal being treated are in different physical locations. With the rapid evolution of digital technologies, veterinary Telemedicine continues to grow at a rapid pace in the field of animal healthcare. In the context of the COVID-19 pandemic, telemedicine has become an integral part of veterinary medicine with the potential to protect public health and the health and safety of clinic staff by allowing for physical distancing while continuing to provide veterinary medical care. The market is primarily driven by growing animal health expenditure along with rapidly increasing demand for ensuring animal safety, security & medical diagnosis, and treatment in livestock. Increasing technological advancements in veterinary care and a rise in companion animal ownership are further expected to increase the demand. During the COVID-19 pandemic, Telemedicine has become a vital way to protect and monitor the health of veterinary patients and veterinary teams. The immediate demand has increased a lot with the outbreak of COVID-19.
The Global Veterinary Telehealth Market is categorized on the basis of Service Types, Animal Types, and region. On the basis of Service Types, the market is segmented into Telehealth, Telemedicine, and Teleconsulting. On the basis of Animal Types, the market is segmented into Canine, Feline, Equine, Bovine, and Others. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. On the other hand, Asia-Pacific is expected to dominate the market during the analysis of the forecast period.
The report further identifies detailed competitive intelligence of Activ4Pets, Airvet, BabelBark, Vet: fetcha.vet, GuardianVets, Medici, PetDesk, PetPro Connect,Petzam, Piavita AG, TeleTails, Televet, VitusVet, WhiskerDocs, Fuzzy Pet Health, GoFetch Health, Nuzzl, VetChat, Barkibu, FirstVet, Pawz Limited, Petriage, Inc., Modern Animal, Inc., Oncura Partners, The Linkyvet, and other prominent players.
