The global veterinary telemedicine market is expected to record a CAGR of 17.3% during 2021-2028 and was estimated to be valued at US$ 31.2 million in 2021.
Veterinary telehealth can be used for many purposes, including preventative care and remote diagnosis and treatment. It can be synchronous or asynchronous, with asynchronous telehealth involving sending information and receiving a response later. The American Veterinary Medical Association (AVMA) published a report on veterinary telemedicine in January 2017. The report includes recommendations for veterinarians, and the AVMA has an ongoing study regarding the effectiveness of veterinary telemedicine.
Veterinary telemedicine allows veterinarians to consult with clients from any location. Most of these consultations are short, but some may require a longer visit. You will also be able to use videos or photos to help the veterinarian evaluate your pet’s health condition. The AVMA website has a list of telehealth providers in your area. This information is then shared between the two doctors through a secure network. The AVMA’s official web site includes a guide on veterinary telehealth.
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Market Drivers
Approval and launch of new products is expected to propel growth of the global veterinary telemedicine market over the forecast period. For instance, Vetster, in November 2020, launched pet wellness platform virtually connecting pet owners to a marketplace of licensed veterinary professionals for video, chat and voice enabled appointments.
Moreover, increasing pet ownership is also expected to propel growth of the global veterinary telemedicine market over the forecast period. For instance, 3.2 million households in the U.K. adopted a pet since the onset of the COVID-19 pandemic, according to Pet Food Manufacturers Association (PFMA) statistics 2021.
Market Trends
North America is expected to witness significant growth in the global veterinary telemedicine market, owing to increasing health expenditure in the region. For instance, hospital expenditure grew by 4.6% to US$ 3.8 trillion in 2019, compared to 2018, according to the U.S. Centers for Medicare and Medicaid Services’ 2019 findings on the National Health Expenditure.
Moreover, increasing pet health insurance is also expected to propel growth of the market in North America. For instance, the pet health insurance sector in the U.S. and Canada posted a combined gross premium of US$ 1.42 billion in 2018, up from US$ 1.15 billion in 2017. The total number of pets insured reached 2.43 million at year-end 2018, up by over 17% from 2017. For instance, according to the North American Pet Health Insurance Association (NAPHIA),
Covid-19 Impact Analysis
Globally, as of 7:36pm CET, 21 February 2022, there have been 423,437,674 confirmed cases of COVID-19, including 5,878,328 deaths, reported to WHO. As of 20 February 2022, a total of 10,407,359,583 vaccine doses have been administered. The emergence of Covid-19 has led to increasing adoption of telemedicine for veterinary purposes.
Key Players
Major players operating in the global veterinary telemedicine market include, Agora.io, Anipanion, Linkyvet, Oncura Partners, Petriage, PawSquad, Petpro Connect, TeleVet, Vetchat, VetCT, Vetoclock, and WellHaven Pet Health.
Key Developments
Major players operating in the global veterinary telemedicine market are focused on launching new products and services to enhance their market share. For instance, Fuzzy Pet Health, in June 2018, launched a US $10-per-month telemedicine vet care plan.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunity
- Impact Analysis
- Technological Advancements
- Epidemiology
- Market Trends
- PEST Analysis
- Regulatory Scenario
- Market Dynamics
- Global Veterinary Telemedicine Market– Impact of Coronavirus (COVID-19) Pandemic
- Impact on overall healthcare
- Impact Of COVID-19 on Veterinary Telemedicine
- Epidemiology
- Global Veterinary Telemedicine Market, By Type, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- By Telephone
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- By Internet
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Other
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global Veterinary Telemedicine Market, By Application, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Radiographic Reporting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- CT Reporting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- X-Ray & PACS Advice
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- MRI Reporting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Other
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
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