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Veterinary Telemedicine Market Trends

  • Report ID: GMI7526
  • Published Date: Nov 2023
  • Report Format: PDF

Veterinary Telemedicine Market Trends

  • The increasing pet ownership play a pivotal role in driving the market. For instance, in 2023, according to Forbes Advisor, 66% of U.S. households (86.9 million homes) own a pet. This surge in pet ownership has created a corresponding demand for veterinary services, and veterinary telemedicine has positioned itself as a crucial solution to meet these evolving needs.
     
  • Furthermore, the convenience of virtual consultations, coupled with the ability to access expert veterinary advice from the comfort of one's home, resonates with the preferences of a new generation of pet owners. As pets become indispensable members of households globally, the demand for accessible, convenient, and technologically advanced veterinary services is set to further fuel the market expansion.
     

However, the limitation of a physical examination poses a significant challenge and potential pitfall for the market. Traditional veterinary care involves hands-on examinations, palpation, and direct observation, which are essential for accurate diagnosis and treatment planning.
 

  • In the absence of a physical presence, veterinarians may encounter difficulties in assessing certain health aspects, such as the feel of tissues, detecting subtle changes in posture, or identifying specific physical abnormalities. This limitation is particularly critical in cases where a comprehensive examination is crucial for a definitive diagnosis or when immediate intervention is required.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Veterinary telemedicine industry reached around USD 134.3 million in revenue in 2022 and is anticipated to expand at 18.3% CAGR from 2023-2032 attributed to the growing pet ownership and the rising prevalence of diseases in animals.

The tele-consulting segment generated USD 55.9 million in revenue in 2022 and is projected to traction between 2023 and 2032 due to its various advantages, such as convenient consultations, remote monitoring for ongoing care, and accessibility.

North America accounted for 35.6% of the veterinary telemedicine industry share in 2022 and is projected to expand at a notable CAGR through 2032 owing to the advanced technological infrastructure, including widespread access to high-speed internet and mobile connectivity.

Some of the top veterinary telemedicine companies are Airvet, GuardianVets, PawSquad, Activ4Pets, Babelbark,inc, TeleTails, VitusVet, Whiskers Worldwide, LLC, and Vetchat.

Veterinary Telemedicine Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 374
  • Countries covered: 19
  • Pages: 358
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