The global veterinary Telehealth market size was USD 109.64 Million in 2022 and is expected to reach USD 385.7 Million in 2032, and register a rapid revenue CAGR of 15% during the forecast period. Rising prevalence of chronic and zoonotic diseases in animals across the globe and increasing adoption of Artificial Intelligence (AI) and Internet of Things (IoT) technologies by owners of pets. Veterinary telehealth is the provision of veterinary health care services remotely using telecommunications technology, which includes video consultations, remote monitoring, and other forms of virtual care.
In addition, rising trend of humanizing pets and increasing healthcare expenditures are other factors driving revenue growth of the market. The American Pet Products Association (APPA) estimates that the U.S. pet industry will spend around USD 99 billion in 2020, with Veterinary Care making up roughly 26% of the total. Moreover, veterinary telehealth services is increasing due to rising adoption of pets as companions and owners' increasing awareness about value of pet health.
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In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
Anipanion
TeleVet
WhiskerDocs
Petriage
VetNOW
TeleTails
Technology Outlook (Revenue, USD Million; 2019-2032)
Software
Hardware
Services
Application Outlook (Revenue, USD Million; 2019-2032)
Telemedicine
Teleradiology
Teleconsultation
Others
End-use Outlook (Revenue, USD Million; 2019-2032)
Veterinary Hospitals
Veterinary Clinics
Others
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Based on Region market is segmented into:
North America
Europe
Asia-Pacific
South America
Middle East Africa
Major Points covered in this report are as below:
An analysis of Veterinary Telehealth industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
This report provides information on the market status of Veterinary Telehealth manufacturers and provides valuable insight into the market for companies and individuals.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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