Growth Opportunities and Trends in the Veterinary Telehealth Market: Key Insights for 2025-2034
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What key factors are powering the surge in the veterinary telehealth market right now?
There’s been a remarkable expansion in the size of the veterinary telehealth market in the past few years. The expected growth will take it from a size of $1.64 billion in 2024 to a projected $2.05 billion in 2025, marking a compound annual growth rate (CAGR) of 25.4%. The key factors spurring growth during the historic period are the robust growth of emerging markets, a surge in pet-related spending, favorable government schemes, and rising prevalence of pet insurance.
How fast Is the veterinary telehealth market expected to grow, and what’s its future value?
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What are the leading drivers of growth in the veterinary telehealth market?
The surge in zoonotic diseases among animal populations is touted to fuel the expansion of the veterinary healthcare market. Zoonotic diseases constitute a series of prevalent diseases induced by harmful microbes such as bacteria, viruses, parasites, and fungus. These microbes induce a range of diseases in animals and humans, culminating in mild to severe sickness and even resulting in death. Veterinary telehealth services are poised to mitigate the incidence of zoonotic infection in animals through timely detection and disease control. Vet professionals can identify and diagnose diseases during their onset by offering virtual consultation to pet owners, thereby curbing the escalation of zoonotic infections. For instance, in July 2022, a report from the World Health Organization, a Switzerland-based government body, revealed a 64% hike in zoonotic occurrences in Africa. Moreover, cases of zoonotic ailments are rapidly escalating both globally and in India. These growing infectious diseases constitute 60% of disease cases in humans, with 816 zoonotic pathogens being a part of 1407 human pathogens. As such, the escalating incidence of zoonotic diseases in the animal population is likely to spur the development of the veterinary telehealth market.
What are the key segments defining the veterinary telehealth market?
The veterinary telehealth market covered in this report is segmented –
1) By Animal Type: Canine, Feline, Equine, Bovine, Swine, Other Animal Types
2) By Service Type: Telemedicine, Teleconsulting, Telemonitoring, Other Service Types
Subsegments:
1) By Canine: Small Breed Dogs, Large Breed Dogs
2) By Feline: Domestic Cats, Exotic Cats
3) By Equine: Horses, Ponies
4) By Bovine: Dairy Cattle, Beef Cattle
5) By Swine: Pigs, Hogs
6) By Other Animal Types: Poultry, Small Mammals, Reptiles
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Who are the key players steering the development of the veterinary telehealth market?
Major companies operating in the veterinary telehealth market include FirstVet, Whiskers Worldwide, LLC, Airvet, BondVet, Fuzzy Pet Health,Petzam, PetDesk, WellHaven Pet Health, VetCT, TeleVet, VetFamily, Vettr, The Vet Connection, Homevet, Boehringer Ingelheim, VetPlanet, VetNOW, Vetster, Pawzy, PocketPills for Pets, VIC Animal Health, Vetro Solutions, Belfarmacom, Pawp, GuardianVets, PetLove, Doctor Vet, Teleconsulta Veterinaria, Vetwork, Altibbi, Global Vet Ltd, Multivet Ghana Ltd
What emerging trends are influencing the growth of the veterinary telehealth market?
Leading organizations in the veterinary telehealth sector are leveraging cutting-edge technologies like artificial intelligence (AI) to consolidate their market position. AI algorithms examine a pet’s medical history, genetic make-up, lifestyle conditions, and even environmental factors to create individualized treatment schedules. For instance, PetHub Inc., a US-based firm committed to linking pet owners with essential resources, tools, discounts, and a secure space for significant pet data, introduced a new wellness tool for pet owners in May 2023, with VetInsight’s support. PetHub’s Wellness Tools comprise limitless round-the-clock veterinary telehealth services, an all-encompassing AI symptom diagnostic tool, and a virtual food and treat identifier, offering personalized suggestions for pets. The Symptom Checker function is an AI-powered virtual vet service operating on-demand, enabling pet owners to look up their pet’s signs and symptoms and get guidance on the appropriate next steps based on the provided information.
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Which regions are most influential in expanding the veterinary telehealth market?
North America was the largest region in the veterinary telehealth market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary telehealth market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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