The veterinary telehealth market is anticipated to be worth USD 190.8 million in 2024. The primary focus is veterinary telehealth and disease detection, which can characterize the rise in management system adoption.
The need for veterinary telehealth is predicted to rise at a staggering CAGR of 17.7% through 2034. The industry is projected to surpass USD 970 million by 2034. The surge in the prevalence of diseases like diabetes, kidney diseases, spinal disc problems, and blood pressure-related issues is further boosting the market.
| Attributes | Details |
|---|---|
| Veterinary Telehealth Market Value for 2024 | USD 190.8 million |
| Veterinary Telehealth Market Value for 2034 | USD 970 million |
| Veterinary Telehealth Market Forecast CAGR for 2024 to 2034 | 17.7% |
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| Historical CAGR | 22.2% |
|---|---|
| Forecast CAGR | 17.7% |
The historical CAGR of the veterinary telehealth market was 22.2%, indicating a staggering growth rate over the past few years. The forecast CAGR is expected to be 17.7%, indicating a slight yet steady fall in the growth rate through 2034.
It is reasonable to anticipate that, in contrast to the initial strong rise during the historical period as the growth rate of veterinary telehealth will steady or slightly decline as it develops.
Certain geographic areas or market categories may be nearing saturation, which would cause a halt in growth as penetration levels level off.
The forecast CAGR of 17.7% indicates a significant fall in the growth rate of the market in comparison to the historical CAGR in the future. The decline in CAGR can be attributed to several factors, including
The introduction of new telehealth features or solutions that could stimulate faster growth rates may be restricted by obstacles or a slowdown in the rate of technical progress.
Price pressures or market fragmentation resulting from increased competition in the veterinary telehealth sector could affect overall growth.
Unexpected developments in the geopolitical landscape, natural disasters, or global health crises could alter market dynamics and impede growth opportunities.
Principal Consultant
Veterinary telehealth services are becoming more capable and more accessible due to ongoing developments in communications technologies, which include better video conferencing, remote monitoring tools, and digital health platforms.
Growing telehealth solutions are driven by the demand for easy and accessible veterinarian care, pushed by rising pet ownership rates worldwide, especially among urban populations.
Pet owners are turning to telehealth choices for the medical needs of their pets due to changes in consumer behavior, counting a preference for on-demand services, convenience, and digital experiences.
Integrating artificial intelligence (AI) and data analytics into telehealth platforms, as it provides more individualized and effective care by enabling remote diagnosis, treatment planning, and pet condition monitoring.
The table analyses the top five countries ranked by revenue, with South Korea holding the top position.
Veterinary telehealth is leading the industry in South Korea by making it easier for pets with chronic diseases to be continuously monitored. Pet owners use remote monitoring equipment and telemedicine systems to monitor their pets in real time, receive alarms, and consult vets as needed.
Even while working remotely, this proactive strategy guarantees individualized treatment and prompt interventions.
Forecast CAGRs from 2024 to 2034
| Countries | CAGR from 2024 to 2034 |
|---|---|
| United States | 17.9% |
| United Kingdom | 19% |
| China | 18.4% |
| Japan | 19.4% |
| South Korea | 20% |
Veterinarian diagnosis, treatment suggestions, and expert advice can be obtained remotely without in-person visits by pet owners in the United States because of the widespread use of veterinary telehealth.
Convenient access to veterinary care is a major reason for the popularity of this technology, particularly in rural locations.
Veterinarian telehealth is used in the United Kingdom to improve access to veterinary care, particularly in areas with limited veterinary services.
Pet owners can consult veterinarians virtually and get timely advice on managing medical concerns and preventive care recommendations. This enhances general pet welfare and makes early intervention easier.
Veterinarian telemedicine is transforming the delivery of veterinary services in China by saving consultation times and facilitating easy access to professional guidance.
Digital platforms allow pet owners and veterinarians to communicate, which makes diagnosis, treatment, and follow-up care more efficient. This is especially useful in cities with many pets.
Veterinarian telehealth plays a crucial role in advancing pet-preventative healthcare in Japan. Pet owners can arrange virtual appointments for regular check-ups, vaccinations, and dietary recommendations.
The proactive approach to pet wellness eventually enhances the quality of life of pets by preventing illnesses and guaranteeing early identification of health problems.
Veterinarian telehealth is used in South Korea to monitor animals with long-term medical issues continuously. Owners of dogs can follow their health parameters, receive alerts in real-time, and consult vets as needed using telemedicine platforms and remote monitoring devices.
Our proactive monitoring strategy guarantees prompt interventions and individualized care for pets even from a distance.
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The below section shows the leading segment. Based on telehealth type, the online telehealth segment is registered to expand at 17.5% CAGR by 2034. Based on service type, the tele-consulting segment is anticipated to rise at 17.3% CAGR by 2034.
The expansion of online telehealth is driven by its ability to offer convenient access to healthcare services, mainly for individuals dealing with mobility constraints or those residing in remote areas.
The primary driver behind the expansion of tele-consulting is its possibility to improve healthcare efficiency by reducing wait times and surging the frequency of consultations.
| Category | CAGR by 2034 |
|---|---|
| Online Telehealth | 17.5% |
| Tele-consulting | 17.3% |
Based on telehealth type, the online telehealth segment is projected to grow at a CAGR of 17.5% by 2034. This expansion shows that internet platforms are becoming increasingly popular for providing remote healthcare services and virtual consultations.
Breakthroughs in digital healthcare technologies, ease, and accessibility drive the expansion. In the upcoming years, the internet telehealth market is expected to develop significantly as people look for more convenient ways to get healthcare.
The growth in this segment can be seen mainly due to the usage among veterinarians to seek consultation from veterinary specialists via telehealth tools for gaining advice and insights regarding animal care.
Teleconsultation also saves transportation costs and reduces ancillary expenses. Expert advices are needed on an immediate basis without wasting time and waiting for long hours.
Renowned healthcare technology companies are venturing into the veterinary telehealth domain, capitalizing on their proficiencies and assets to provide sophisticated telemedicine solutions.
Important elements impacting competitiveness are user experience, regulatory compliance, and integration capabilities with current veterinary practice management systems. For market penetration and expansion, alliances with veterinary groups, veterinarian clinics, and pet insurance providers are essential.
The veterinary telehealth market is predicted to become more competitive as the need for remote veterinarian care grows, spurring additional innovation and industry player consolidation.
Key Developments in the Veterinary Telehealth Industry
| Market Player | Key Developments |
|---|---|
| Bonum Health | In May 2022, Bonum Health, a digital healthcare subsidiary of TRxADE HEALTH, INC., introduced tele-veterinary services catering to pets. |
| Penn Foster | In May 2022, Penn Foster launched a certified program to enhance telehealth skills among veterinary professionals. This program prepared veterinary assistants, technicians, and administrators and provided advanced virtual care to pet owners during the spike of the pandemic in pet ownership. |
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 190.8 million |
| Projected Market Valuation in 2034 | USD 970 million |
| Value-based CAGR 2024 to 2034 | 17.7% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Telehealth Type, Service, Application, Animal Type, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Airvet; GuardianVets; PawSquad; Activ4Pets; FirstVet; Babelbark,inc; TeleTails; VitusVet; Whiskers Worldwide LLC; Vetchat |
As of 2024, the market for veterinary telehealth is expected to be valued at USD 190.8 million.
The veterinary telehealth market is projected to expand at a CAGR of 17.7% between 2024 and 2034.
The online telehealth segment is projected to dominate the industry.
By 2034, the market value of veterinary telehealth is expected to reach USD 970 million.
South Korea is likely the top-performing market, with a CAGR of 20%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Telehealth Type 5.1. Telephone Telehealth 5.2. Online Telehealth 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Service 6.1. Tele-Consulting 6.2. Tele-Monitoring 6.3. Tele-Education/Training 6.4. Other Services 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Diagnosis & Treatment 7.2. Prescription 7.3. Follow-Ups 7.4. Consultation 7.5. Education 7.6. Other Applications 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Animal Type 8.1. Companion Animal 8.1.1. Cats 8.1.2. Dogs 8.1.3. Horses 8.1.4. Other Companion Animals 8.2. Livestock Animal 8.2.1. Cattle 8.2.2. Swine 8.2.3. Sheep 8.2.4. Other Livestock Animals 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Airvet 19.2. GuardianVets 19.3. PawSquad 19.4. Activ4Pets 19.5. FirstVet 19.6. Babelbark, Inc 19.7. TeleTails 19.8. VitusVet 19.9. Whiskers Worldwide, LLC 19.10. Vetchat 20. Assumptions & Acronyms Used 21. Research Methodology
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Veterinary Telehealth Market
