Veterinary Telemedicine Market

Veterinary Telemedicine Market Outlook from 2024 to 2034

The Veterinary Telemedicine Market is estimated to reach a valuation of USD 145 million in 2024. It is projected to reach a value of USD 746 million by 2034, reflecting a CAGR of 17.8% over the assessment period

Attributes	Key Insights
Estimated Veterinary Telemedicine Market Size (2024E)	USD 145 million
Projected Market Value (2034F)	USD 746 million
Value-based CAGR (2024 to 2034)	17.8%

Trends in the Veterinary Telemedicine Market

• Increasing adoption of telemedicine management systems as pet owners show increased willingness for telehealth services to diagnose their pets.
• The surging prevalence of chronic and zoonotic diseases in animals is motivating authorities at animal shelters and rescues to seek veterinary telemedicine services that help cut down on travel expenses and time.
• Rising adoption of artificial intelligence (AI) and the Internet of Things (IoT) by leading players to enhance their product offerings is also contributing to the market’s growth.
• Elevating cases of obesity in pets owing to conditions like osteoarthritis and joint diseases are raising the demand for improved treatment options.
• Livestock producers are increasingly using veterinary telehealth to deal with disease outbreaks in livestock as it has far-reaching effects.
• Growing awareness and related benefits of using telehealth platforms are contributing to market growth.

Demand Opportunities in the Veterinary Telemedicine Market

• Key players are optimizing the electronic health record (EHR) systems for pets, empowered by AI and IoT, to improve data management and lead to evidence-based decision-making. Thus, driving overall efficiency in the veterinary healthcare delivery.
• Market leaders can leverage advanced technologies to develop specialized mobile applications and telemedicine platforms. Increasing the features and optimizing the applications to develop user-friendly platforms allow veterinarians and pet parents to gain significant results from virtual consultations.

Country-wise Analysis

The scope of telehealth services has grown to include pets and animals. Leading regions are experiencing increasing deployment of veterinary telemedicine in North America, Europe, and the Asia Pacific.

Increasing advancements in animal telemedicine platforms and a surging count of veterinary telemedicine providers are enhancing the market’s overall value.

Country	Forecast CAGR (2024 to 2034)
United States	18.00%
United Kingdom	19.00%
China	18.40%
Japan	18.70%
South Korea	19.70%

The United States Holds the Top Rank in the Veterinary Telemedicine Market

In the United States, the consumption of virtual veterinary consultations and other related services is projected to amass a total of USD 133.8 million by 2034. Over the forecast period, the market is expected to proceed at a CAGR of 18%.

• The fast-paced life of people living in the United States is creating significant demand for accessible and convenient alternatives, which appeases busy pet owners.
• The increasing concentration of key players in the veterinary telemedicine market is raising the competition level.
• Surging investments in animal health care are widening the market’s scope.
• Rising investments to develop advanced veterinary telemedicine technology are driving the market forward.
• In the United States, the regulatory framework related to veterinary telemedicine is becoming more favorable, which is developing a supportive environment for key providers to thrive.

Budding Opportunities for the Veterinary Telemedicine Market in China

The veterinary telemedicine market in China is anticipated to acquire a revenue of USD 117.3 million by 2034. The market is projected to register a CAGR of 18.4% from 2024 to 2034.

• The trend of increasing pet ownership is burgeoning expenditures in pet healthcare as owners show a heightened willingness to invest in their pets’ well-being.
• The tech-savvy population of China, along with rapid internet and mobile phone penetration, is facilitating the adoption and convenience of animal telemedicine platforms.
• The government in China is actively promoting and investing in digital healthcare initiatives, such as veterinary telemedicine.
• Pets like cats and dogs are massively adopted as pets in China, which thus creates a specific market for veterinary telemedicine services.

New Telemedicine Rules in the United Kingdom to Draw Attention of Veterinarians

In the United Kingdom, the market for veterinary telemedicine is expected to expand at a CAGR of 19%, reaching a valuation of USD 30.3 million by 2034.

• Increasing willingness among pet owners to spend on pet healthcare is creating an opportunity for key players to develop cost-effective solutions like telemedicine.
• Geographically dispersed populations and busy lifestyles in the United Kingdom have made convenient access to veterinary care vital. Thus, opening up opportunities for veterinary telemedicine providers.
• Successful and positive experiences of telemedicine for veterinary care are projected to increase awareness and trust among pet owners.
• Veterinarians in the United Kingdom have recently been allowed to conduct a virtual appointment without an initial hands-on appointment, which is encouraging both pet owners and veterinarians.

Market Outlook of Veterinary Telemedicine in Japan

The veterinary telemedicine market in Japan is projected to expand at a CAGR of 18.7% over the forecast period. By 2034, the market is anticipated to attain USD 82.1 million.

• The increasing popularity of pets among the younger generation, along with high internet and smartphone penetration rates, is raising the adoption of technologies like telemedicine.
• The strong pet ownership culture in Japan and significant importance placed on pet well-being is developing a receptive market for interesting solutions like telemedicine.
• The scattered rural communities and mountainous terrain of Japan are restricting access to traditional veterinary care services. Veterinary telehealth services help bridge this gap by offering consultations for specialized vet needs in urban places.

Emerging Growth Prospects in South Korea

The South Korean veterinary telemedicine market is anticipated to attain USD 46.1 million by 2034, expanding at a CAGR of 19.7% over the forecast period.

• Growing demand for a convenient alternative to conventional veterinary care methods is driving the demand for telemedicine.
• Increasing smartphone ownership and rising internet penetration rates create a conducive environment for mobile-based telemedicine platforms.
• Surging prioritization of early detection of health issues and preventative pet care is creating demand for various tele-veterinary solutions.

Category-wise Insights

Tele-diagnosis to Emerge as a Significant Service Type

Attributes	Details
Top Service Type	Tele-diagnosis
CAGR from 2024 to 2034	17.50%

The tele-diagnosis segment is anticipated to register a CAGR of 17.50% over the next ten years. Key factors that are driving market demand are:

• Increasing value for cost-effective tele-diagnosis as patients seek to save on their potential time off work as well as travel expenses. Plus, tele-diagnosis also helps patients with mobility limitations or those residing in remote areas with negligible access to healthcare services.
• Healthcare providers also prefer tele-diagnosis as it helps streamline their workflow.
• Surging adoption of tele-diagnosis platforms as they are becoming more secure and user-friendly, with features like remote data sharing, HD video conferencing, and secure messaging.

Patients Increasingly Prefer Video Conferencing for Diagnostic Consultations

Attributes	Details
Top Technology	Video Conferencing
CAGR from 2024 to 2034	17.20%

The video conferencing segment is expected to advance at a CAGR of 17.20% over the next ten years. Top factors propelling this growth are:

• Pet owners are going for video conferencing as a preferred technology for diagnostic and treatment consultations of their pets with veterinarians. Since video conferencing permits two-way visual communication, consultations have become a more personal and engaging experience for both parties involved.
• Video calls assist in remote diagnostics and triage and help veterinarians decide if an in-person visit is necessary or not.
• Video conferencing forms the base of the integration of advanced technologies in the future like tele-ultrasound and augmented reality (AR). This can further the advancement of remote diagnostics in veterinary medicine.

Competitive Landscape

Key players in the veterinary telemedicine market are offering specialized tele-veterinary solutions and integrating with other services like pet insurance, delivery services, or online pharmacies to create a convenient ecosystem for pet owners.

Participants are further creating user-friendly, intuitive, and accessible telemedicine platforms with features like data sharing streamlined consultations, secure messaging, and video conferencing. Players are implementing AI and machine learning to offer personalized care.

Key players are partnering with tech firms, veterinary hospitals, and clinics and collaborating with pet insurance companies to increase their market share. Additionally, players are focused on building brand awareness by collaborating with pet influencers to create educational content.

New Developments Shaping the Face of Veterinary Telemedicine Market

• In November 2023, T-Medical Group Inc., an influential company in the telemedicine space, obtained 365Televet.com, which is a pioneer in virtual veterinary care. This strategic move marks the T-Medical Group's entry into the rapidly growing veterinary telemedicine market.
• In October 2023, Amazon announced that it is planning to offer veterinary telehealth as it seeks to compete with Walmart.

Key Players in the Veterinary Telemedicine Market

• Airvet
• Activ4Pets
• BabelBark, Inc.
• GuardianVets
• PetDesk, Petzam
• TeleTails
• Televet
• Vetster, Inc.
• VitusVet
• Whiskers Worldwide, LLC
• Virtuwoof, LLC
• FirstVet
• PawSquad
• Petriage Inc.
• Others

Table of Content

• 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 Service Type
  • 5.1. Tele-Diagnosis
  • 5.2. Tele-Consultation
  • 5.3. Tele-Monitoring
  • 5.4. Tele-Surgery Support
  • 5.5. Telepathology
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
  • 6.1. Video Conferencing
  • 6.2. Mobile Apps
  • 6.3. Web-Based Platforms
  • 6.4. Wearable Devices
  • 6.5. Artificial Intelligence (AI) Solutions
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Animal Type
  • 7.1. Companion Animals (Dogs, Cats)
  • 7.2. Livestock (Cattle, Poultry)
  • 7.3. Exotic Pets (Birds, Reptiles)
  • 7.4. Equine (Horses, Ponies)
  • 7.5. Aquatic Animals (Fish, Aquatic Reptiles)
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-User
  • 8.1. Veterinary Clinics
  • 8.2. Pet Owners
  • 8.3. Livestock Producers
  • 8.4. Research Institutions
  • 8.5. Animal Shelters and Rescues
• 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. Agora.io
  • 19.2. Anipanion
  • 19.3. Linkyvet
  • 19.4. Oncura Partners
  • 19.5. TeleVet
  • 19.6. Vetchat
  • 19.7. VetCT
  • 19.8. Vetoclock
  • 19.9. WellHaven Pet Health
  • 19.10. Petriage
  • 19.11. PawSquad
• 20. Assumptions & Acronyms Used
• 21. Research Methodology