The Europe Veterinary Telemedicine Market would witness market growth of 16.8% CAGR during the forecast period (2023-2030).
Convenience for both parties is one of the primary benefits of telemedicine. Veterinarians can conduct consultations from their homes or offices without visiting patients in person. The scheduling of appointments can be made more effective with veterinary telemedicine. Instead of scheduling distinct consultations for each animal living in the same household, pet owners can consult with the veterinarian about all their animals simultaneously.
The steadily increasing attention paid to veterinary telemedicine and illness detection is the primary cause of the expanding adoption of these management systems. In addition, some key factors influencing the market are the incidence of zoonotic and chronic diseases in animals and pet parents' growing adoption of IoT & AI. The rising frequency of conditions like diabetes, kidney illness, disc problems in the spinal disc, and blood pressure-related concerns further fuels the market.
Additionally, the rising cost of pet care is further boosting the expansion due to owners' growing concerns about their animals. In addition, this market is anticipated to be caused by the high demand for and rising consumption rate of animal-derived products. Eventually, this expanding demand will increase the need to protect animals from disease.
According to the European Pet Food Federation's (FEDIAF) most current yearly data from 2022, there are approximately 340 million pets in Europe, with 91 million homes (or 46%) having one or more animals. There are about 11 million terrariums (reptiles), 22 million aquaria (fishes), 29 million small animals, 53 million birds, 104 million dogs, and 127 million cats. It indicates that pet ownership in Europe remains high. The industry continues to experience growth in the pet care sector in this region due to the rise in pet adoption rates and the humanization of pets. Additionally, the expansion of some of the significant and enormous competitors in the market and technical advancements in animal diagnostic technologies for precise diagnostics are anticipated to fuel market expansion.
The Germany market dominated the Europe Veterinary Telemedicine Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $101.7 million by 2030. The UK market is estimated to grow at a CAGR of 15.8% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 17.6% during (2023 - 2030).
Based on Application, the market is segmented into Diagnosis & Treatment, Consultation with specialists, Prescription of medication, Follow-up care, and Education. Based on Component, the market is segmented into Software & Services, and Hardware. Based on Type, the market is segmented into Internet, and Telephone. Based on Animal Type, the market is segmented into Companion, Livestock, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Veterinary Telemedicine Market is Projected to reach USD 1.5 Billion by 2030, at a CAGR of 17.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Teletails, Justanswer, Airvet, Inc., Firstvet, Vetster Inc., Otto, Animan Technologies Inc., Vitusvet, Whiskers Worldwide, LLC, and Askvet
By Application
By Component
By Type
By Animal Type
By Country
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