Wilmington, Delaware, United States, Transparency Market Research Inc. – Rising adoption of various electronic and digital management systems is boosting the sales in global veterinary telehealth market in recent times.
Wilmington, Delaware, United States, Transparency Market Research Inc. – Rising adoption of various electronic and digital management systems is boosting the sales in global veterinary telehealth market in recent times. These management systems receive huge demand owing to their benefits such as excellent veterinary disease detection as well as increasing focus on veterinary telehealth solutions.
Moreover, rising prevalence of various chronic as well as zoonotic diseases in animals is also propelling the growth in global veterinary telehealth market in coming years. Furthermore, increasing adoption of next generation and latest technologies, such as artificial intelligence as well as internet of things by pet parents is also expected to foster the development of global veterinary telehealth market in coming years.
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The study evaluates key factors that can influence the growing global veterinary telehealth market over the forecast period of 2021 to 2031. It also examines the individual as well as the cumulative performance of various regions operating within the global veterinary telehealth market. The research report on healthcare industry analyses various market drivers and restraints that can potentially change the landscape of global veterinary telehealth market over the forecast period of 2021 to 2031.
The professional survey study employs enormous amount of data acquired through various industry leading sources to determine the shifts in demand dynamics in global veterinary telehealth market during the forecast period. It shares insights regarding the key segments in the global veterinary telehealth market and assesses them based on their size, share, revenue, and forecast over 2021 to 2031.
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Global Veterinary Telehealth Market: Major Trends and Drivers
Rising prevalence of pet diseases including kidney diseases, issues related to blood pressure, diabetes, and spinal disc problems is fuelling the demand in global veterinary telehealth market. Rising instances of obesity in pets and subsequent health conditions such as osteoarthritis as well as joint diseases is also driving the demand in global veterinary telehealth market for enhanced treatment and therapeutic options. Moreover, increasing instances of disease outbreaks in livestock that can cause loss in production, disruption of regional markets, and other socioeconomic threats may also bolster the development trajectory of global veterinary telehealth market in years to come.
Global Veterinary Telehealth Market: Key Players and Manufacturers
Few of the leading and major players and stakeholders in the global veterinary telehealth market include Airvet, Babel Bark, Inc., Pet Desk, TeleTails, Vester, Inc., Whiskers Worldwide LLC, FirstVet, Petriage Inc., Activ4Pets, Guardian vets, Petzam, Televet, VitusVet, Virtuwoof, LLC, and Paw Squad, among others. Players and service providers in the global veterinary telehealth market are engaged in various organic as well as inorganic strategies such as strategic collaborations, regional expansion, and new product launches to amass a greater share in the industry in coming years.
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For example, TeleVet entered into a partnership with Cornell University Hospital for Animals to deploy their telehealth platform for telehealth operations of the University in August of 2020. Furthermore, TeleTails launched a new suite of software solutions as a response to COVID-19 pandemic in May of 2020 called ‘Tele Tails Instant’. This software solution offers a video conferencing tool for vets and pets.
Global Veterinary Telehealth Market: Regional Assessment
Geographically, North America dominated the global veterinary telehealth market in recent past owing to strong presence of major incumbent players in the region as well as increasing investments in expenditure for animal health. Furthermore, technological advancements as well as high disposable income amongst regional population are also some key reasons for the large industry share of North America within the global veterinary telehealth market. Another region expected to demonstrate considerable growth in the global veterinary telehealth market in coming years is Asia Pacific.
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Key factors driving development of the global veterinary telehealth market in Asia Pacific include increasing adoption veterinary healthcare facilities along with fast paced expansion of production and manufacturing facilities in the regional economies such as India and China.
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