Veterinary Telehealth Market to Hit New Terrains of Growth Due to the Rising Prevalence of Chronic and Zoonotic Diseases in Animals across the Globe
Veterinary telehealth is a service that facilitates general medical advice through the internet. It is a way of delivering veterinary medical practice for animals with the help of the latest technologies like video calls. Veterinary telehealth has become a vital way of protecting and monitoring the health of the pets by being at their own place.
Global Veterinary Telehealth Market: Growth Factors
One of the major factors fueling the growth of the global veterinary telehealth market is the surging demand for these services. The rising prevalence of chronic and zoonotic diseases in animals across the globe has posed the demand for such services significantly during the forecast period. Moreover, the growing adoption of AI and IoT technologies by owners of pets also boosts the growth of the global veterinary Telehealth market. The growing prevalence of diseases like blood pressure, spinal disc problems, kidney disease, and diabetes has positively shaped the trajectory of the global veterinary telehealth market. The surging incidences of obesity in animals because of osteoarthritis and joint diseases are propelling the global veterinary Telehealth market to grow significantly. The outbreak of different types of diseases in livestock is a major concern for society. It disrupts the local markets and international trade movements.
The increase in government funding to improve these conditions has supported the growth of the global market. However, such emerging situations have also created huge opportunities in the global veterinary telehealth market. The surging awareness regarding the veterinary telehealth facility and increasing expenditure from pet parents for the wellness of their pets are bolstering the growth of the global veterinary telehealth market. There is a huge demand for animal-based products which in turn is inducing people to protect their livestock and animals from diseases and thus supporting the growth market globally. The outbreak of COVID-19 has significantly boosted the growth of the global veterinary telehealth market across the globe and people are likely to continue with such services due to the convenience and satisfaction offered by such services.
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Global Veterinary Telehealth Market: Segmentation
The global veterinary telehealth market can be segmented into service, animal, and region.
By service, the market can be segmented into telemonitoring, teleconsulting, telemedicine, and others. The teleconsulting segment accounts for the largest share in the global veterinary telehealth market owing to its surging usage among folks to take consultation from a veterinary specialist with the help of telehealth tools for assistance regarding animal care.
The telemedicine segment is also anticipated to witness growth due to the high internet penetration across the globe.
By animal, the market can be segmented into swine, bovine, equine, feline, canine, and others. The other animal segment holds hegemony over others. The segment consists of goats, sheep, poultry, and many more. Moreover, the growing prevalence of chronic diseases in goats and sheep has contributed significantly to the growth of the segment.
Global Veterinary Telehealth Market: Regional analysis
North America holds the largest share in the global veterinary telehealth market due to the presence of prominent players in the region and growing investment in animal health care. The high disposable income of people in the region and rising technological advancements are likely to boost the growth of the regional market during the forecast period.
Asia Pacific is also anticipated to witness huge growth owing to the development in healthcare infrastructure. The growing adoption of veterinary healthcare services along with the expansion of manufacturing facilities in developing regions like India and China is supporting the growth of regional markets. The rapidly growing population of cattle in the region is also boosting the growth of the regional market.
Global Veterinary Telehealth Market: Competitive Players
Some of the significant players in the global veterinary telehealth market are Petriage Inc., PawSquad, FirstVet, Virtuwoof, LLC, Whiskers Worldwide, LLC, VitusVet, Vetster, Inc., Televet, TeleTails, Petzam, PetDesk, GuardianVets, BabelBark, Inc., Activ4Pets, Airvet, The Linkyvet, Oncura Partners, Modern Animal, Inc., Barkibu, Nuzzle, GoFetch Health, Fuzzy Pet Health, WhiskerDocs, Piavita AG, PetPro Connect, Medici, GuardianVets, Vet: fetch. vet, and BabelBark.
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