North America Veterinary Telemedicine Market

North America Veterinary Telemedicine Market Size, Share & Industry Trends Analysis Report By Application, By Component (Software & Services, and Hardware), By Type (Internet, and Telephone), By Animal Type, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-17865 Publication Date: September-2023 Number of Pages: 107
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Analysis of Market Size & Trends

The North America Veterinary Telemedicine Market would witness market growth of 16.5% CAGR during the forecast period (2023-2030).

As newer technology emerges, the cost of the technology decreases. Still, hospital infrastructure pressure and the prevalence of chronic medical conditions continue to rise, making telemedicine increasingly attractive to providers and patients. A system that began as a simple image transfer has evolved into a complex assemblage of technologies that form electronic medical networks to facilitate remotely assisted surgery, diagnostic or therapeutic consultations, case management, and education.

Telemedicine is utilized effectively in veterinary medicine, for example, for postoperative checks, scheduled follow-up visits for pets with chronic diseases, dermatological concerns, behavioral issues, generating and getting electronic prescriptions, etc. Moreover, telemedicine enables pet owners to receive prompt assistance in animals' non-obvious health issues (e.g., a dog's abrupt mild limping could indicate a simple muscle strain or severe muscle inflammation).

There are several advantages to telemedicine for the veterinarian, the clients, and the animals, as well as a few essential considerations. Financially, the hospital or clinic can benefit from treating clients who might not otherwise bring their pets in for treatment. Additionally, telemedicine can aid in preventing the transmission of disease by eliminating the need for the animal to interact with other animals in a waiting room.

Advances in telecommunication technologies, such as high-speed Internet and mobile devices, have facilitated veterinarians' remote communication with pet owners. This has established an environment conducive to expanding telemedicine in veterinary care in North America region. According to the American Pet Products Association's 2023–2024 National Pet Owners Survey, 86.9 million American households—or 66% of all households—own pets. The number of people owning pets and livestock has increased, and people are now more aware of the health of these animals. Therefore, the market is projected to grow considerably over the forecast period in North America due to the growing awareness of and spending on animal health.

The US market dominated the North America Veterinary Telemedicine Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $437.3 million by 2030. The Canada market is estimated to witness a CAGR of 19.1% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 18.1% 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 U.S., Mexico, Canada, and Rest of North America.

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

Scope of the Study

Market Segments Covered in the Report:

By Application

  • Diagnosis & Treatment
  • Consultation with specialists
  • Prescription of medication
  • Follow-up care
  • Education

By Component

  • Software & Services
  • Hardware

By Type

  • Internet
  • Telephone

By Animal Type

  • Companion
  • Livestock
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Teletails
  • Justanswer
  • Airvet, Inc.
  • Firstvet
  • Vetster Inc.
  • Otto
  • Animan Technologies Inc.
  • Vitusvet
  • Whiskers Worldwide, LLC
  • Askvet
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