Global Veterinary Telehealth Market Opportunities And Strategies 2023
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 Business Research Company’s veterinary telehealth market report forecasts the veterinary telehealth market size to grow to $7.43 Billion by 2027, with a CAGR (compound annual growth rate) of more than 18%.
Learn More On The Veterinary Telehealth Market Report 2023 – https://www.thebusinessresearchcompany.com/report/veterinary-telehealth-global-market-report
Veterinary Telehealth Market Size Forecast
The global veterinary telehealth market is expected to grow from $3.15 billion in 2022 to $3.77 billion in 2023 at a compound annual growth rate (CAGR) of 19.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global veterinary telehealth market size is expected to reach $7.43 billion in 2027 at a CAGR of 18.4%.
North America held the largest veterinary telehealth market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Veterinary Telehealth Market Driver – Growth In The Prevalence Of Zoonotic Diseases In Animals
For example, according to a July 2022 report released by the World Health Organisation, a US-based government institution, there was a 64% increase in the number of zoonotic cases in Africa. Furthermore, both globally and in India, zoonotic diseases are on the rise. With 816 zoonotic pathogens out of 1407 human pathogens, these developing infectious illnesses in humans account for 60% of cases. As a result, the rising prevalence of zoonotic disease in animals will propel the veterinary telehealth industry forward.
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Key Veterinary Telehealth Market Trend – Product Innovations
Major players in the veterinary telehealth market are focusing on providing innovative solutions to increase their market position. For example, Chewy Inc., a US-based pet e-commerce retailer of pet-related items, will launch Connect With a Vet in October 2020, allowing pet owners and veterinarians to use the company’s unique tele-triage technology to maintain continuous veterinary care and support. Pet parents can use this innovative service to chat directly with a licenced veterinarian to get answers to their questions, advice, address concerns about their pet’s health and wellbeing, and even get referrals to local doctors or emergency clinics. The ease of use and comfort of this tele-triage system will have a positive impact, making it distinctive. The debut of Connect With a Vet by Chewy Inc. promises to change the way pet owners get veterinarian care.
Veterinary Telehealth Market Segment
1) By Animal Type: Canine, Feline, Equine, Bovine, Swine, Other Animal Types
2) By Service Type: Telemedicine, Teleconsulting, Telemonitoring, Other Service Types
3) By Application: Computed Tomography (CT) Reporting, Radiographic Reporting, X-Ray And Picture Archiving And Communication System (PACS) Advice, Magnetic Resonance Imaging (MRI) Reporting, Other Applications
Veterinary Telehealth Market Major Players and Strategies
Major players in the veterinary telehealth market are Airvet Inc., Activ4Pets LLC, BabelBark Inc., GuardianVets Inc., PetDesk, TeleTails, TeleVet, Vetster Inc., VitusVet, Whiskers Worldwide LLC, Virtuwoof LLC, FirstVet, PawSquad, Petriage Inc., Petzam Inc., and Animan Technologies Inc.
Pets at Home, a UK-based pet care company that offers food, toys and bedding, grooming services, and veterinary services, will purchase The Vet Connection for £ 15 million ($17.90 million) in November 2020. The acquisition of The Vet Connection is a big step forward in the expansion of Pets at Home’s digital capabilities, which will provide reliable guidance and even more accessible pet care services. The Vet Connection (TVC) is a UK-based independent veterinary telehealth business.
The Veterinary Telehealth Global Market Report 2023 covers regional data on veterinary telehealth market size, veterinary telehealth market trends and drivers, opportunities, strategies, and veterinary telehealth market competitor 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.
Any use of technology to offer health information, education, or remote care for veterinarians is referred to as veterinary telehealth. Veterinary telehealth is the use of electronic medical information exchange from one location to another to improve and analyse the overall health state of animals.
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