Veterinary Telehealth Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, UK, Germany, China, Japan - Size and Forecast 2024-2028

Veterinary Telehealth Market Size 2024-2028 

The veterinary telehealth market size is forecast to increase by USD 144.8 million at a CAGR of 16.8% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. One major factor is the increasing prevalence of chronic conditions such as diabetes and kidney diseases in pets, which require regular monitoring and management. Remote services enabled by technology improvements allow pet owners to access veterinary care more easily, particularly in geographic areas where veterinarians may be scarce. Additionally, virtual appointments enable veterinarians to diagnose and treat spinal disc problems and blood pressure-related issues without the need for in-person visits.

Eclipse Ventures, a leading investor in digital health, has recognized the potential of telehealth in veterinary care and is investing in companies that are advancing this field. The market is expected to continue growing as technology continues to improve and regulatory considerations become more favorable for telehealth services.

What will be the Size of the Market During the Forecast Period?

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The market is experiencing significant growth as technology continues to revolutionize the animal healthcare industry in the United States. This innovative approach to veterinary care allows veterinarians to provide consultations, diagnoses, and treatment recommendations to pet and livestock owners remotely, using digital platforms. The demand for veterinary telehealth services is increasing due to several factors. Firstly, the convenience it offers to pet and livestock owners, who can access expert advice without leaving their homes or farms. Secondly, the ability to diagnose and treat various conditions, such as zoonotic diseases, flea and tick-borne diseases, diabetes, kidney diseases, spinal disc problems, and other common health issues in cats, dogs, horses, cattle, sheep, and swine.

Moreover, Veterinary Telehealth Market addresses livestock care challenges through remote monitoring and early disease detection, improving welfare and productivity. Telehealth platforms offer virtual consultations, online appointments, and prescription management, enhancing veterinary care and practice efficiency. This technology also supports the Equine Supplement Products Market by providing timely guidance on supplements for equine health and performance.

Furthermore, the market for veterinary telehealth is expected to grow as more veterinary clinics adopt this technology to cater to the evolving needs of pet and livestock owners. The use of telehealth in animal healthcare is not only beneficial for the industry but also for the animals themselves, as it ensures timely and effective care, ultimately contributing to better animal health and wellbeing. In conclusion, the market is an essential component of the broader animal healthcare ecosystem. By enabling remote consultations, diagnoses, and treatment recommendations, it offers numerous benefits to veterinarians, pet and livestock owners, and the animals themselves. The future of veterinary care is undoubtedly digital, and the market is set to play a pivotal role in shaping it.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Service Type
  • Teleconsulting
  • Telemedicine
  • Telemonitoring
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

By Service Type Insights

The teleconsulting segment is estimated to witness significant growth during the forecast period. Teleconsulting, a method for veterinarians to consult with one another and pet owners through telecommunication or virtual technology, is gaining traction in the veterinary industry. This approach allows for efficient and cost-effective consultations, reducing the need for in-person meetings. The adoption of teleconsulting services is driven by technological advancements and enhanced Internet services from providers. In the realm of veterinary care, teleconsulting has become increasingly accessible with the introduction of live video conferencing, remote monitoring, and mobile health. These innovations enable healthcare professionals to deliver precise and reliable consultations remotely. Eclipse Ventures, among other service providers, is at the forefront of this technological shift.

Furthermore, they offer solutions for managing diabetes, kidney diseases, spinal disc problems, and blood pressure-related issues in pets. With teleconsulting, veterinarians, technicians, and nurses can collaborate on patient care plans, ensuring optimal health outcomes for animals. This approach also extends access to veterinary services to geographically remote areas, improving overall pet care accessibility.

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The teleconsulting segment accounted for USD 25.60 million in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market is experiencing significant growth due to the presence of key players who are expanding their services in the region. Factors driving this market's expansion include the increasing prevalence of zoonotic diseases, such as plague, rabies, and brucellosis, and the adoption of advanced telecommunication technologies for veterinary healthcare. Animals in North America are susceptible to various diseases and health conditions, including cryptosporidiosis, influenza, leptospirosis, urinary tract infections, urinary crystals, bladder stones, incontinence, kidney disease and failure, and cancer. The prevalence of these conditions necessitates the need for effective treatment options.

Furthermore, teleconsulting and preventive healthcare segments of the market are gaining traction, particularly for managing joint diseases like osteoarthritis and obesity. The use of telecommunication technologies in veterinary healthcare is becoming increasingly important, as it enables remote diagnosis and treatment, reducing the need for physical visits to veterinary clinics.  The market is expected to continue expanding in the coming years, providing valuable solutions for pet and livestock owners.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The increasing population of livestock is the key driver of the market. The global livestock sector encompasses a significant population of animals, including cattle, sheep, swine, horses, and poultry. In 2020, the livestock population was estimated at approximately 987 million heads, with India leading in cattle numbers, Brazil in cattle and buffalo, and the US in cattle and hogs. The increasing preference for animal-derived protein sources has fueled the expansion of the global poultry industry. The poultry eggs market is projected to reach a value of USD44.80 billion by 2024, contributing to the growth impetus of the market.

Furthermore, the rising demand for high-quality meat, poultry, and dairy products necessitates veterinary care worldwide. Pet healthcare, a segment of veterinary telehealth, is also gaining traction as pet ownership increases in the US and other developed markets. Livestock farmers and pet owners alike prioritize the health and nutrition of their animals, making telehealth solutions an essential tool for remote consultations and monitoring.

Market Trends

Increasing demand for remote veterinary monitoring is the upcoming trend in the market. Veterinary telehealth refers to the application of digital technology to facilitate the collection and transmission of animal healthcare data from one location to remote veterinary professionals. At the Interzoo Exhibition Centre, the Department of Animal Husbandry and Dairying showcased the use of CAHI (Computer Aided Herd Improvement) in veterinary telehealth. This technology aids in the early detection and management of zoonotic diseases such as flea and tick-borne diseases. The Dutch company, Forerunner Ventures, is a pioneer in this field. Remote patient monitoring (RPM) in veterinary care enables veterinary professionals to assess animal health data in real-time, thereby enabling effective treatment recommendations.

Furthermore, this process enhances the quality of animal care by providing preventive healthcare and reducing the need for in-person visits. Moreover, RPM streamlines clinical workflows, making veterinary telehealth an essential tool for home care settings. In summary, veterinary telehealth is a digital solution that facilitates the collection and transmission of animal healthcare data to remote veterinary professionals. It enhances the quality of animal care by enabling effective treatment recommendations, preventive healthcare, and efficient clinical workflow management. RPM is a key aspect of veterinary telehealth and is gaining popularity due to its numerous benefits.

Market Challenge

Stringent regulatory and legal considerations is a key challenge affecting the market growth. Telehealth, which includes teleconsulting, telemonitoring, and telemedicine, is transforming the way veterinary care is delivered, particularly for poultry farming operations. This innovative approach allows veterinary professionals to assess animal health conditions and provide preventive care, diagnostics, and treatment remotely. However, the implementation of telehealth services in veterinary care faces various regulatory and legal challenges. State and federal regulations, licensing requirements across jurisdictions, contractual agreements, insurance and reimbursement policies, malpractice concerns, and other veterinary-specific laws pose significant hurdles for veterinary healthcare providers.

Furthermore, these factors may discourage veterinarians from adopting telehealth technology and instead opting for traditional veterinary practices. Despite these challenges, telehealth holds immense potential for improving the efficiency and accessibility of veterinary services. As the demand for animal-based products continues to grow, veterinary telehealth can help address the need for timely and cost-effective veterinary care for livestock, including poultry. By addressing regulatory and legal issues, veterinary professionals can fully embrace telehealth and provide better care for their animal patients.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Activ4pets LLC:- The company provides advanced veterinary telehealth services, enabling pet owners to access expert e-consultations and comprehensive health assessments remotely.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Activ4pets LLC
• Airvet Inc.
• Animan Technologies Inc.
• BabelBark Inc.
• BondVet
• FirstVet Inc.
• GuardianVets Inc.
• Independent Vetcare Ltd.
• Petriage
• Petzam Inc.
• Small Door Inc.
• TeleTails
• Televet Inc.
• VetNOW LLC
• Vetster Inc.
• Virtuwoof LLC
• Vitus Animal Health Inc.
• Whiskers Worldwide LLC

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Veterinary telehealth is an emerging segment in animal healthcare, enabling pet owners and veterinarians to provide and receive care remotely. This market is witnessing significant growth due to the increasing prevalence of zoonotic diseases, flea and tick-borne diseases, and health crises. The Dutch government's Forerunner Ventures and Eclipse Ventures are among the investors driving the technological progress in this field. Telehealth features, including video conferencing, remote monitoring tools, and digital health platforms, are transforming veterinary care for pets and livestock animals. Cats, dogs, horses, cattle, sheep, swine, and poultry are among the animals benefiting from this trend. Telecommunication technologies, including artificial intelligence and data analytics, are improving veterinary care by enabling early diagnosis and treatment of conditions such as diabetes, kidney diseases, spinal disc problems, blood pressure-related issues, joint diseases, osteoarthritis, obesity, and treatment options for various animal-based products.

Furthermore, the online telehealth segment and teleconsulting segment are gaining popularity in urban populations, allowing pet owners to access patient care from the comfort of their homes. The fragmentation of the market is leading to increased competition, with various players offering remote services to cater to the needs of pet and livestock owners. The veterinary vaccines market and veterinary biologics market are also witnessing growth due to the increasing focus on preventive healthcare. Nutrition, livestock farming, and livestock care are other areas where telehealth is making a significant impact. In conclusion, veterinary telehealth is revolutionizing animal healthcare by providing remote access to veterinarians, improving diagnostics, and enabling preventive care. The market is expected to continue growing due to the increasing prevalence of health issues and the availability of advanced communications technologies.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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