Product Code: GVR-4-68039-329-7
Veterinary Telehealth Market Growth & Trends:
The global veterinary telehealth market size is expected to reach USD 732.63 million by 2030, registering a CAGR of 19.46% during the forecast period, according to a new report by Grand View Research, Inc. An increase in the adoption of telehealth services among pet owners coupled with the rising prevalence of animal diseases is a key contributor to market growth.
The key advantages of veterinary telehealth such as saving transportation costs and reduction of ancillary expenses are driving the growth of the market. In addition, the doctor's advice and virtual care can be obtained on an immediate basis. Further, it also saves time as animal caretakers can skip the time consumed during long waiting hours. Such factors are boosting market growth.
There is increased adoption of IoT and AI by farmers and pet parents. This can be attributed to the increase in internet penetration and user-friendly animal healthcare websites or apps. Such factors are anticipated to increase the demand for veterinary telehealth over the forecast period. In addition, increasing cases of zoonotic diseases coupled with the concern of owners about their animal health is also propelling the market.
Upsurge in pet ownership globally is contributing to the rising adoption of telehealth services by pet owners. Furthermore, according to Pet Food Manufacturers Association statistics in 2021, 3.2 million households adopted a pet in the U.K.since the onset of the COVID-19 pandemic. Moreover, pet owners are preferring telehealth services to veterinarians because of the pandemic situation, thereby increasing the adoption of veterinary telehealth services. Thus, rising pet ownership further contributes to the market globally.
Additionally, several healthcare Companies had launched telehealth solutions and services. For example, in March 2021, a leading integrated healthcare company in India, Practo, launched a veterinary telemedicine service. Moreover, in 2020, the Centers for Disease Control and Prevention recommended that veterinarians minimized their contact with pet owners using telemedicine during pandemic. Thus, these key factors contribute to an increase in the number of veterinary telehealth services during the ongoing pandemic
Veterinary Telehealth Market Report Highlights:
- In 2023, canine segment held the highest market share, due to rising costs for veterinary care, particularly in wealthy nations.
- The teleconsultations segment dominated the market with a revenue share of 36.48% in 2023 owing to the increasing demand for virtual quality animal healthcare services
- Due to the presence of well-established market players and increasing research and development activities by these players, North America dominated the market as of 2023 with a revenue share of around 41.63%
- However, Asia Pacific is anticipated to show lucrative growth over the forecast period owing to the rising adoption of veterinary telehealth services and increasing livestock population in the region
- Industry players are involved in strategic initiatives such as acquisitions and mergers, collaborative agreements, and geographic expansion to gain an edge over the competition
- For instance, in April 2021, Guardian Vets, the industry leader in veterinary client communications technology, telemedicine and triage launched Virtual CRS, Overflow Protection and Callback Support, three innovative services. These services had reduced burdens on veterinary practices.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Primary Research
- 1.4. Information/Data Analysis
- 1.5. Market Formulation & Visualization
- 1.6. Data Validation & Publishing
- 1.7. Model Details
- 1.7.1. Commodity flow analysis
- 1.7.2. Global Market: CAGR Calculation
- 1.8. List of Secondary Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Veterinary Telehealth Market Variable Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market
- 3.1.2. Ancillary Market
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Rising Population Of Livestock As Well As Pets
- 3.2.1.2. Rising Prevalance of Diseases and Disease Outbreaks
- 3.2.1.3. Technological Advancements
- 3.2.1.4. Growing Regulatory Purview
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Lack Of Telehealth Adoption In Developing Regions
- 3.2.2.2. High Costs Associated With Implementation
- 3.2.3. Market Opportunity Analysis
- 3.2.4. Market Challenge Analysis
- 3.3. Veterinary Telehealth Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of suppliers
- 3.3.1.2. Bargaining power of buyers
- 3.3.1.3. Threat of substitution
- 3.3.1.4. Threat of new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political & Legal landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.3.2.4. Environmental landscape
- 3.3.3. Regulatory Framework
- 3.3.4. Estimated Animal Population, by Key Countries and Key Species, 2018-2023
- 3.3.5. Service Pricing Analysis
- 3.3.6. Pipeline Products Analysis
- 3.3.7. COVID-19 Impact Analysis
Chapter 4. Veterinary Telehealth Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Veterinary Telehealth Market Product Movement Analysis
- 4.3. Veterinary Telehealth Market Size & Trend Analysis, By Product, 2018 - 2030 (USD Million)
- 4.3.1. Teleradiology
- 4.3.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.3.2. Teleconsulting
- 4.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.3.3. Telemonitoring
- 4.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.3.4. Others
- 4.3.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Veterinary Telehealth Market: Animal Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Veterinary Telehealth Market Animal Movement Analysis
- 5.3. Veterinary Telehealth Market Size & Trend Analysis, By Animal, 2018 - 2030 (USD Million)
- 5.3.1. Canine
- 5.3.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.2. Feline
- 5.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.3. Equine
- 5.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.4. Bovine
- 5.3.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.5. Swine
- 5.3.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.6. Other Animals
- 5.3.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Veterinary Telehealth Market: Delivery Mode Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Veterinary Telehealth Market Delivery Mode Movement Analysis
- 6.3. Veterinary Telehealth Market Size & Trend Analysis, By Delivery Mode, 2018 - 2030 (USD Million)
- 6.3.1. On-premise
- 6.3.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.3.2. Cloud/App-based
- 6.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Veterinary Telehealth Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Veterinary Telehealth Market End Use Movement Analysis
- 7.3. Veterinary Telehealth Market Size & Trend Analysis, By End Use, 2018 - 2030 (USD Million)
- 7.3.1. Providers
- 7.3.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.3.2. Patients
- 7.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Veterinary Telehealth Market: Country Estimates & Trend Analysis, by type, animal, delivery mode, & end use
- 8.1. Regional Dashboard
- 8.2. Veterinary Telehealth Market Share, By Region, 2023 & 2030, USD Million
- 8.3. Regional Outlook
- 8.4. North America
- 8.4.1. North America Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. U.S.
- 8.4.2.1. Key Country Dynamics
- 8.4.2.2. Competition Insights
- 8.4.2.3. U.S. Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Canada
- 8.4.3.1. Key Country Dynamics
- 8.4.3.2. Competition Insights
- 8.4.3.3. Canada Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. Mexico
- 8.4.4.1. Key Country Dynamics
- 8.4.4.2. Competition Insights
- 8.4.4.3. Mexico Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5. Europe
- 8.5.1. Europe Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. UK
- 8.5.2.1. Key Country Dynamics
- 8.5.2.2. Competition Insights
- 8.5.2.3. UK Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Germany
- 8.5.3.1. Key Country Dynamics
- 8.5.3.2. Competition Insights
- 8.5.3.3. Germany Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.4. France
- 8.5.4.1. Key Country Dynamics
- 8.5.4.2. Competition Insights
- 8.5.4.3. France Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.5. Italy
- 8.5.5.1. Key Country Dynamics
- 8.5.5.2. Competition Insights
- 8.5.5.3. Italy Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.6. Spain
- 8.5.6.1. Key Country Dynamics
- 8.5.6.2. Competition Insights
- 8.5.6.3. Spain Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.7. Denmark
- 8.5.7.1. Key Country Dynamics
- 8.5.7.2. Competition Insights
- 8.5.7.3. Denmark Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.8. Sweden
- 8.5.8.1. Key Country Dynamics
- 8.5.8.2. Competition Insights
- 8.5.8.3. Sweden Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.9. Norway
- 8.5.9.1. Key Country Dynamics
- 8.5.9.2. Competition Insights
- 8.5.9.3. Norway Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6. Asia Pacific
- 8.6.1. Asia Pacific Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Japan
- 8.6.2.1. Key Country Dynamics
- 8.6.2.2. Competition Insights
- 8.6.2.3. Japan Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. China
- 8.6.3.1. Key Country Dynamics
- 8.6.3.2. Competition Insights
- 8.6.3.3. China Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. India
- 8.6.4.1. Key Country Dynamics
- 8.6.4.2. Competition Insights
- 8.6.4.3. India Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.5. Australia
- 8.6.5.1. Key Country Dynamics
- 8.6.5.2. Competition Insights
- 8.6.5.3. Australia Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.6. South Korea
- 8.6.6.1. Key Country Dynamics
- 8.6.6.2. Competition Insights
- 8.6.6.3. South Korea Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.7. Thailand
- 8.6.7.1. Key Country Dynamics
- 8.6.7.2. Competition Insights
- 8.6.7.3. Thailand Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.7. Latin America
- 8.7.1. Latin America Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.7.2. Brazil
- 8.7.2.1. Key Country Dynamics
- 8.7.2.2. Competition Insights
- 8.7.2.3. Brazil Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030
- 8.7.3. Argentina
- 8.7.3.1. Key Country Dynamics
- 8.7.3.2. Competition Insights
- 8.7.3.3. Argentina Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8. Middle East & Africa
- 8.8.1. Middle East & Africa Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8.2. South Africa
- 8.8.2.1. Key Country Dynamics
- 8.8.2.2. Competition Insights
- 8.8.2.3. South Africa Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8.3. Saudi Arabia
- 8.8.3.1. Key Country Dynamics
- 8.8.3.2. Competition Insights
- 8.8.3.3. Saudi Arabia Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8.4. UAE
- 8.8.4.1. Key Country Dynamics
- 8.8.4.2. Competition Insights
- 8.8.4.3. UAE Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8.5. Kuwait
- 8.8.5.1. Key Country Dynamics
- 8.8.5.2. Competition Insights
- 8.8.5.3. Kuwait Veterinary Telehealth Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Market Participant Categorization
- 9.2. Participants Overview
- 9.3. Financial Performance
- 9.4. Product Benchmarking
- 9.5. Market Position Analysis, 2023 (Heat Map Analysis)
- 9.6. Strategy Mapping
- 9.6.1. Mergers And Acquistions
- 9.6.2. Launch
- 9.6.3. Partnerships & Collaborations
- 9.6.4. Expansion
- 9.6.5. Others
- 9.7. Company Profiles
- 9.7.1. AirVet
- 9.7.1.1. Participant's overview
- 9.7.1.2. Financial performance
- 9.7.1.3. Product benchmarking
- 9.7.1.4. Strategic initiatives
- 9.7.2. VetLive
- 9.7.2.1. Participant's overview
- 9.7.2.2. Financial performance
- 9.7.2.3. Product benchmarking
- 9.7.2.4. Strategic initiatives
- 9.7.3. GuardianVets
- 9.7.3.1. Participant's overview
- 9.7.3.2. Financial performance
- 9.7.3.3. Product benchmarking
- 9.7.3.4. Strategic initiatives
- 9.7.4. PetCoach
- 9.7.4.1. Participant's overview
- 9.7.4.2. Financial performance
- 9.7.4.3. Product benchmarking
- 9.7.4.4. Strategic initiatives
- 9.7.5. whiskerDocs Llc.
- 9.7.5.1. Participant's overview
- 9.7.5.2. Financial performance
- 9.7.5.3. Product benchmarking
- 9.7.5.4. Strategic initiatives
- 9.7.6. Vetster
- 9.7.6.1. Participant's overview
- 9.7.6.2. Financial performance
- 9.7.6.3. Product benchmarking
- 9.7.6.4. Strategic initiatives
- 9.7.7. TeleVet
- 9.7.7.1. Participant's overview
- 9.7.7.2. Financial performance
- 9.7.7.3. Product benchmarking
- 9.7.7.4. Strategic initiatives
- 9.7.8. Activ4Pets
- 9.7.8.1. Participant's overview
- 9.7.8.2. Financial performance
- 9.7.8.3. Product benchmarking
- 9.7.8.4. Strategic initiatives
- 9.7.9. VitusVet
- 9.7.9.1. Participant's overview
- 9.7.9.2. Financial performance
- 9.7.9.3. Product benchmarking
- 9.7.9.4. Strategic initiatives
- 9.7.10. FirstVet
- 9.7.10.1. Participant's overview
- 9.7.10.2. Financial performance
- 9.7.10.3. Product benchmarking
- 9.7.10.4. Strategic initiatives
- 9.7.11. Petriage
- 9.7.11.1. Participant's overview
- 9.7.11.2. Financial performance
- 9.7.11.3. Product benchmarking
- 9.7.11.4. Strategic initiatives
- 9.7.12. Babelbark
- 9.7.12.1. Participant's overview
- 9.7.12.2. Financial performance
- 9.7.12.3. Product benchmarking
- 9.7.12.4. Strategic initiatives
- 9.7.13. Chewy Inc.
- 9.7.13.1. Participant's overview
- 9.7.13.2. Financial performance
- 9.7.13.3. Product benchmarking
- 9.7.13.4. Strategic initiatives
- 9.7.14. VetCT
- 9.7.14.1. Participant's overview
- 9.7.14.2. Financial performance
- 9.7.14.3. Product benchmarking
- 9.7.14.4. Strategic initiatives
- 9.7.15. VetRad
- 9.7.15.1. Participant's overview
- 9.7.15.2. Financial performance
- 9.7.15.3. Product benchmarking
- 9.7.15.4. Strategic initiatives
- 9.8. List of Other Market Players
Chapter 10. Key Takeaways