The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global veterinary telehealth market is set for remarkable growth, with the market size expected to surge from $3.15 billion in 2022 to $3.77 billion in 2023, exhibiting a robust compound annual growth rate (CAGR) of 19.8%. Looking further ahead, the market is anticipated to reach a substantial $7.43 billion in 2027, propelled by a CAGR of 18.4%.

Driving Forces: Combating Zoonotic Diseases

The surge in zoonotic diseases among animals is a pivotal driver steering the growth of the veterinary healthcare market. Zoonotic diseases, caused by pathogenic germs like viruses, bacteria, parasites, and fungi, pose a threat to both humans and animals. Veterinary telemedicine services play a crucial role in curbing these infections by enabling early disease detection and management. Virtual consultations between veterinarians and pet owners facilitate timely diagnosis, limiting the spread of zoonotic infections. For instance, an article published by the World Health Organization in July 2022 reported a 64% increase in zoonotic cases in Africa. With zoonotic illnesses on the rise globally and in India, where emerging infectious diseases constitute 60% of cases, the veterinary telehealth market is poised for significant growth.

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Industry Leaders: Pioneering Veterinary Telehealth

Key players shaping the veterinary telehealth market include Airvet Inc., Activ4Pets LLC, BabelBark Inc., and GuardianVets Inc., among others. These industry leaders are driving innovation to solidify their market presence. Notably, product innovations stand out as a key trend, exemplified by Chewy Inc.’s groundbreaking telehealth service, Connect With a Vet. This service, introduced in October 2020, leverages tele-triage technology, enabling direct communication between pet owners and licensed veterinarians. The user-friendly tele-triage solution promises to revolutionize access to veterinary care, providing continuous support and advice to pet owners.

Regional Dynamics: North America Leading, Asia-Pacific Emerging

In 2022, North America took the lead as the largest region in the veterinary telehealth market. However, the Asia-Pacific region is anticipated to experience the fastest growth during the forecast period. The global veterinary telehealth market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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Market Segmentation: Tailoring Solutions for Diverse Needs

The global veterinary telehealth market is segmented based on:

• Animal Type: Canine, Feline, Equine, Bovine, Swine, Other Animal Types
• Service Type: Telemedicine, Teleconsulting, Telemonitoring, Other Service Types
• Application: Computed Tomography (CT) Reporting, Radiographic Reporting, X-Ray And Picture Archiving And Communication System (PACS) Advice, Magnetic Resonance Imaging (MRI) Reporting, Other Applications

The Veterinary Telehealth Global Market Report 2023  provides a comprehensive overview on the market size, market trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the veterinary telehealth market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Veterinary Healthcare Global Market Report 2023
Veterinary Anesthesia Equipment Global Market Report 2023
Veterinary Pharmaceuticals Global Market Report 2023

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