The Worldwide Veterinary Telemedicine Market is Projected to reach USD 1.5 Billion by 2030, at a CAGR of 17.2%

Veterinary Telemedicine Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Veterinary Telemedicine Market size is expected to reach $1.5 billion by 2030, rising at a market growth of 17.2% CAGR during the forecast period.

The Diagnosis & Treatment segment is leading the Global Veterinary Telemedicine Market, By Application in 2022; thereby, achieving a market value of $481.5 million by 2030. Veterinary telemedicine is a valuable tool in the diagnosis and treatment of various health issues in animals. This segment will probably grow in popularity as technology advances and more veterinarians become comfortable using telemedicine. This initial assessment helps veterinarians determine the potential cause of the issue and recommend appropriate next steps, such as in-person examinations, diagnostic tests, or treatments.

The Hardware segment is showcasing a CAGR of 19% during (2023 - 2030). A sender, receiver, and a medium that will transport information from a sender to a receiver are required for communication. The telemedicine system includes specialized hardware and software at the patient and specialist doctor ends and some diagnostic equipment offered at the patient end, such as an ECG, an X-ray, a microscope or camera, etc. Telemedicine hardware can connect veterinarians with specialists and experts in various fields, allowing for quick consultations and second opinions, even if they are in different locations.

The Companion segment acquired the highest revenue in the Global Veterinary Telemedicine Market, By Animal Type in 2022; thereby, achieving a market value of $1.2 billion by 2030. The rise in the number of small companion animals, rising pet care costs, rising interest in pet insurance, and technological developments in small companion animal veterinary telemedicine devices/services all contribute to the growth of the segment.

The Telephone segment is exhibiting a CAGR of 18.1% during (2023 - 2030). Telemedicine is the practice of providing clinical healthcare remotely via the use of information and communication technologies. It also asserts that telemedicine encompasses providing veterinary services via video link, text, instant messaging, telephone, or any other remote method. Veterinary telehealth is a swiftly expanding subspecialty in veterinary medicine.

The North America region dominated the Global Veterinary Telemedicine Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $610.3 million by 2030. The Europe region is poised to grow at a CAGR of 16.8% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 18.1% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/veterinary-telemedicine-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Teletails, Justanswer, Airvet, Inc., Firstvet, Vetster Inc., Otto, Animan Technologies Inc., Vitusvet, Whiskers Worldwide, LLC, and Askvet

Global Veterinary Telemedicine Market Segmentation

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 Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

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

Related Reports:

North America Veterinary Telemedicine Market Size, Share 2030

• September-2023
• 107 Pages

LAMEA Veterinary Telemedicine Market Size & Forecast to 2030

• September-2023
• 121 Pages

Europe Veterinary Telemedicine Market Size & Share to 2030

• September-2023
• 120 Pages

Asia Pacific Veterinary Telemedicine Market Size Report 2030

• September-2023
• 121 Pages