Market Trends Influencing Strategic Decisions in the Veterinary Telehealth Industry: Veterinary Telehealth Market Embraces AI For Advanced Pet Care Solutions
Discover trends, market shifts, and competitive outlooks for the veterinary telehealth industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Is the Estimated Market Size of the Veterinary Telehealth Market In 2029?
The size of the veterinary telehealth market has seen a significant increase in the past few years. The market, valued at $1.64 billion in 2024, is projected to increase to $2.05 billion in 2025, with a compound annual growth rate (CAGR) of 25.4%. The surge during the historical period can be linked to the robust growth of emerging markets, a rise in expenditure on pets, proactive government measures, and a higher adoption rate of pet insurance.
The market size of veterinary telehealth is anticipated to surge significantly in the forthcoming years, expected to hit $5.44 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 27.6%. The predicted expansion during this forecast period is linked to a rise in pet ownership, increased intake of products derived from animals, and growing urbanization. Key trends projected for this period encompass advancements like artificial intelligence, establishment of new facilities, forging of partnerships and alliances, and introduction of novel veterinary telehealth services to enhance financial capacity and product range.
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What Are the Major Market Drivers Behind the Rising Adoption of Veterinary Telehealth Market?
The increasing incidence of diseases transmitted from animals to humans, or zoonotic diseases, is anticipated to fuel the expansion of the veterinary healthcare sector. These are the commonly occurring diseases induced by harmful microorganisms such as viruses, bacteria, parasites, and fungi, which can trigger varying degrees of illnesses in humans and animals, sometimes even leading to fatality. The availability of veterinary telehealth services plays a significant role in decreasing zoonotic infections by facilitating early detection and treatment of diseases. These services provide virtual interactive sessions between veterinarians and pet owners, which aids in identifying and diagnosing the diseases in their initial stages, thereby curbing the spread of these infections. For example, a report by the Switzerland-based World Health Organization in July 2022 revealed that Africa saw a spike of 64% in zoonotic cases. Moreover, there has been a consistent increase in these diseases globally as well as in India. These newly surfacing infectious diseases recorded in humans comprise 60% of the total cases, attributing 816 zoonotic pathogens out of 1407 pathogens that affect humans. Hence, the escalating frequency of zoonotic diseases in animals will spur the growth of the veterinary telehealth sector.
Which Key Market Segments Comprise the Veterinary Telehealth Market and Drive Its Revenue Growth?
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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Which Areas Are Leading Regions in the Veterinary Telehealth Market Expansion Across the Globe?
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.
What Are the Strategic Trends Steering theVeterinary Telehealth Market Direction?
Leading firms in the veterinary telehealth market are leveraging sophisticated technologies like artificial intelligence (AI) to solidify their market standing. AI models use a pet’s medical history, genetic background, lifestyle choices, and even ambient data to formulate personalized treatment approaches. For instance, PetHub Inc., an American company connecting pet owners with resources, savings, useful tools, and a platform for storing crucial pet information, unveiled a new wellness tool for pet owners in May 2023. This tool is supported by VetInsight and includes the PetHub Wellness Tools that comprise unlimited round-the-clock veterinary telehealth services, an exhaustive AI symptom checker, along with a virtual food and treat finder that gives tailor-made recommendations for pets. The Symptom Checker aspect is a readily available AI virtual vet allowing pet owners to look up their pet’s symptoms and get advice on further actions based on the supplied data.
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How Is the Veterinary Telehealth Market Conceptually Defined?
Veterinary telehealth refers to any use of technology to provide health information, education, or remote care for vets. Veterinary telehealth involves the use of electronic medical information interchange from one site to another to improve and analyze animals’ overall health status.
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