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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Telemedicine is the use of medical information such as patient's clinical health status, which is exchanged from one site to another via electronic communications. Telemedicine is a technology that allows a veterinarian to digitalize radiographic, ultrasound and microscopic images and send them via fax or the internet to a veterinary specialist for interpretation providing service without leaving their veterinary dispensary/hospital.

The global veterinary telemedicine market is estimated to be valued at US$ 31.2 million in 2021 and is expected to exhibit a CAGR of 17.3% during the forecast period (2021-2028).

Figure 1.Global Veterinary Telemedicine Market Share (%) in Terms of Value, By Type, 2021

Veterinary Telemedicine  | Coherent Market Insights

Rise in pet healthcare spending is expected to drive the market growth during the forecast period.

The increasing in the pet healthcare spending is expected to drive the global veterinary telemedicine market growth over the forecast period. For instance, according to report by APPA - American Pet Products Association in 2018, the cumulative spending in the U.S. pet industry increased by 4.1 % from 2016 to 2017.

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Veterinary Telemedicine Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 31.2 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 17.3% 2028 Value Projection: US$ 95.2 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: By Telephone, By Internet, Other
  • By Application: Radiographic Reporting, CT Reporting, X-Ray & PACS Advice, MRI Reporting, Other
Companies covered:

Agora.io, Anipanion, Linkyvet, Oncura Partners, TeleVet, Vetchat, VetCT., Vetoclock, WellHaven Pet Health, Petriage, PawSquad, and Petpro Connect

Growth Drivers:
  • Increasing prevalence of zoonotic and chronic diseases in animals
  • Increasing pet ownership across the globe
  • Rise in pet healthcare spending 
Restraints & Challenges:
  • Lack of awareness and accessibility to telemedicine services

Figure 2.Global Veterinary Telemedicine Market Share (%), By Application, 2021

Veterinary Telemedicine  | Coherent Market Insights

Increasing prevalence of zoonotic and chronic diseases in animals are expected to drive the market growth during the forecast period.

Increasing prevalence of zoonotic and chronic diseases in animals is expected to drive the global veterinary telemedicine market growth during the forecast period. For instance, according to an article published in Sage Journals in 2016, stated that chronic kidney disease (CKD) is the most common metabolic disease of domesticated cats. The overall prevalence of feline CKD in aged cats have ranged from 1% to 3% to 50%.

Global Veterinary Telemedicine Market– Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic is positively influencing the veterinary telehealth market. The interest in veterinary telehealth is increasing during the ongoing crisis. For instance, as per a 2020 article by the Veterinary Medical Association (AVMA), the use of telemedicine has grown to protect and monitor the health of veterinary patients and veterinary teams. Additionally, the U.S. Food and Drug Administration (U.S. FDA) was providing flexibility across FDA-regulated industries and announced that it does not intend to enforce certain requirements that may enable veterinarians to better utilize telemedicine to address animal health needs during the pandemic. Moreover, several healthcare organizations launched telehealth services during the pandemic. For instance, in March 2021, a leading integrated healthcare company in India, Practo, announced the launch of a veterinary telemedicine service. Moreover, in 2020, the Centers for Disease Control and Prevention (CDC) recommended the veterinarians minimized their contact with pet owners using telemedicine in the pandemic. Thus, the factors mentioned above are leading to an increase in the number of veterinary telemedicine services during the ongoing pandemic.

Global Veterinary Telemedicine Market: Restraint

The major factors that hinder growth of the global veterinary telemedicine market include lack of awareness and accessibility to telemedicine services. Rural areas of emerging economies such as Africa and Asia Pacific have very low awareness regarding such novel technologies, which is expected to be a major reason leading to slow adoption of telemedicine systems in such regions, thereby hindering the market growth.

Key Players

Agora.io, Anipanion, Linkyvet, Oncura Partners, TeleVet,    Vetchat, VetCT., Vetoclock, WellHaven Pet Health, Petriage, PawSquad, and Petpro Connect

Telemedicine refers to the practice of veterinary medicine (advice, diagnosis, and treatment), which occurs at a distance using telecommunication between a veterinarian and an animal owner. In other words, telemedicine is a veterinary medical practice tool, and involves medical information regarding a patient's clinical health status communicated via electronic methods. Telemedicine does not replace current veterinary medicine practice but is a complementary tool. A valid veterinary-client-patient relationship (VCPR) must exist and all the other regulatory requirements, such as informed consent, must be followed to allow a veterinarian to diagnose and treat a patient via telemedicine.

Market Dynamics

Key players operating in the global veterinary telemedicine market are focusing on adoption of growth strategies such as product launches and acquisition, which is expected to drive the market growth during the forecast period. For instance, in November 2020, FirstVet developer of an online veterinary platform designed to provide advice on animal health and well-being, announced the launch of telemedicine service in the U.S. The video-based on application consultation platform is expected to be able to connect pet owners to a FirstVet veterinarian in the U.S. Moreover, in May 2021, Vetster, a Toronto-based company, raised a total of US$ 10.12 million six months after launching its veterinary telemedicine service. The investment will be used to fuel the company’s growth and expand its preventive and urgent care services, including a new mobile app for iOS and Android.

Key features of the study:

  • This report provides in-depth analysis of the global veterinary telemedicine market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global veterinary telemedicine market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Agora.io, Anipanion, Linkyvet, Oncura Partners, TeleVet, Vetchat, VetCT., Vetoclock, WellHaven Pet Health, Petriage, PawSquad, and Petpro Connect
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global veterinary telemedicine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global veterinary telemedicine market

Detailed Segmentation:

  • Global Veterinary Telemedicine Market, By Type:
    • By Telephone
    • By Internet
    • Other
  • Global Veterinary Telemedicine Market, By Application:
    • Radiographic Reporting
    • CT Reporting
    • X-Ray & PACS Advice
    • MRI Reporting
    • Other
  • Global Veterinary Telemedicine Market, By Region:
    • North America
      • By Type
        • By Telephone
        • By Internet
        • Other
      •  By Application
        • Radiographic Reporting
        • CT Reporting
        • X-Ray & PACS Advice
        • MRI Reporting
        • Other
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Type
        • By Telephone
        • By Internet
        • Other
      •  By Application
        • Radiographic Reporting
        • CT Reporting
        • X-Ray & PACS Advice
        • MRI Reporting
        • Other
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Type
        • By Telephone
        • By Internet
        • Other
      •  By Application
        • Radiographic Reporting
        • CT Reporting
        • X-Ray & PACS Advice
        • MRI Reporting
        • Other
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Type
        • By Telephone
        • By Internet
        • Other
      •  By Application
        • Radiographic Reporting
        • CT Reporting
        • X-Ray & PACS Advice
        • MRI Reporting
        • Other
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Type
        • By Telephone
        • By Internet
        • Other
      •  By Application
        • Radiographic Reporting
        • CT Reporting
        • X-Ray & PACS Advice
        • MRI Reporting
        • Other
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Type
        • By Telephone
        • By Internet
        • Other
      •  By Application
        • Radiographic Reporting
        • CT Reporting
        • X-Ray & PACS Advice
        • MRI Reporting
        • Other
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Agora.io *
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Anipanion
    • Linkyvet
    • Oncura Partners
    • TeleVet
    • Vetchat
    • VetCT
    • Vetoclock
    • WellHaven Pet Health
    • Petriage
    • PawSquad
    • Petpro Connect

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By Type 
      • Market Snapshot, By Application
      • Market Snapshot, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunity
    • Impact Analysis
    • Technological Advancements
    • Epidemiology
    • Market Trends
    • PEST Analysis
    • Regulatory Scenario
  4. Global Veterinary Telemedicine Market– Impact of Coronavirus (COVID-19) Pandemic
    • Impact on overall healthcare
    • Impact Of COVID-19 on Veterinary Telemedicine
    • Epidemiology
  5. Global Veterinary Telemedicine Market, By Type, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 – 2028
      • Segment Trends
    • By Telephone
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • By Internet
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Other
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
  6. Global Veterinary Telemedicine Market, By Application, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 – 2028
      • Segment Trends
    • Radiographic Reporting
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • CT Reporting
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • X-Ray & PACS Advice
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • MRI Reporting
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Other
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
  7. Global Veterinary Telemedicine Market, By Region, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2028
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Region/Countries, 2017 – 2028, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • io
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Anipanion
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Linkyvet
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Oncura Partners
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • TeleVet
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Vetchat
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • VetCT
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Vetoclock
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • WellHaven Pet Health
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Petriage
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • PawSquad
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Petpro Connect
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
    • Analyst Views
  9. Section
    • Research Methodology
    • About us

*Browse 27 market data tables and 31 figures on "Veterinary Telemedicine Market” - Global forecast to 2028

FAQgrowicon

Frequently Asked Questions

The global veterinary telemedicine market size is estimated to be valued at US$ 31.2 million in 2021 and is expected to exhibit a CAGR of 17.3% between 2021 and 2028
Factors such as increasing prevalence of zoonotic and chronic diseases in animals, increasing pet ownership across the globe and rise in pet healthcare spending are expected to drive the market growth during the forecast period.
Internet segment is expected to hold a major market share during the forecast period.
The major factors hampering growth of the market include lack of awareness and accessibility to telemedicine services.
Major players operating in the market include Agora.io, Anipanion, Linkyvet, Oncura Partners, TeleVet, Vetchat, VetCT., Vetoclock, WellHaven Pet Health, Petriage, PawSquad, and Petpro Connect.
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