Global Veterinary Telehealth Report Thumbnail

Global Veterinary Telehealth Market by Animal Type (Bovine, Equine, Canine, Feline), by Service Type (Telemedicine, Telemonitoring, Teleconsulting) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MC-73341
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 92
  • No. Of Pages: 219
  • Format:
  • Pub. Date: 2021-10-21
  • Share:

Summary of the Report

Global veterinary telehealth market was valued at USD 92.0 millions in 2020. It is expected to grow at a compound annual rate (CAGR of 19.5%) between 2021 and 2028. These management systems are becoming more popular due to the constant growth in the emphasis on veterinary and disease detection. The market is also driven by the increasing prevalence of chronic and zoonotic diseases in animals, as well as the growing adoption of IoT/AI by pet owners.

Market demand for veterinary telehealth is growing due to the increasing incidence of diseases like diabetes, kidney disease, spinal disc problems, blood pressure, and other issues. There is a growing demand for better treatments due to obesity in pets. Disease outbreaks in livestock can pose major socioeconomic risks, disrupting local markets, international trade and rural markets, as well as causing production losses. These factors are driving demand for veterinary and telehealth.

Market growth is expected to be boosted by the increase in animal healthcare spending. The cumulative U.S. pet market spending has increased by 4.1 % between 2016 and 2017, according to the 2018 report from APPA – American Pet Products Association. The increasing concern for their pets has led to an increase in care spending, which is fuelling the growth. In addition, the veterinary care spending has increased 7.0%, from USD 15.95 Billion in 2016 to USD 17.07 Billion in 2017. The growing demand for animal care is driving the growth in telehealth veterinary services.

The market is expected to grow because of the high demand for animal-derived products and increasing consumption. This increasing demand will eventually increase the need for protection of animals against diseases. According to the International Service for the Acquisition of Agri-biotech Applications, the demand for meat production and milk production will double in the developing world by 2050. These factors have accelerated the adoption of Telehealth for animal health care.

Information on Animal Types

Other animal segments dominated the market in veterinary telehealth, accounting for around 27.5% of the total revenue share in 2020. Other segments include poultry, sheep, and goats. This segment has seen a significant increase in its consumption of cattle and poultry products. Other commodities, such as wool, also require sheep. The high prevalence of chronic diseases in sheep, goats and other animals is a major driving factor for this market. This may result in the adoption of veterinary technology for disease prevention and control.

Over the forecast period, the canine segment will be the fastest growing segment. This is due to the growing spending on animal healthcare, especially in developed countries. According to the American Pet Product Association statistics, 20% of the spending was for products and food and supplies and 25% was for veterinary care.

Service Type Insights

In 2020, the teleconsulting segment accounted for 29.1% of the total revenue. This segment growth can be attributed to veterinarians' increasing use of telehealth tools to get advice and insight regarding animal care. Teleconsultation also reduces transport costs and ancillary expenses. Expert advice can be obtained immediately without the need for lengthy waiting periods. These factors are driving segment market growth.

The market for veterinary Telehealth can be divided by service type into telemedicine, monitoring, and other. Due to increased internet penetration, telemedicine will be the fastest growing segment during the forecast period. Telehealth for animals has seen an increase in popularity due to the rise in internet users. Market players are expected to increase telemedicine market growth through their increasing initiatives. Guardian Vets, for instance, launched Curbside in October 2020 as a secure and contactless appointment solution for pet owners in response to the Covid-19 pandemic.

Regional Insights

North America was the dominant market for veterinary telehealth and held the largest revenue share at 37.2% in 2020. The growth can be attributed to several factors, such as the presence and investment in animal care expenditures and key players in the region. The market for veterinary Telehealth will be driven by technological advances and high disposable income over the forecast period.

The constant improvement of healthcare infrastructure in Asia Pacific is expected to drive a 20.7% CAGR. Market growth is also being driven by the increasing adoption of veterinary healthcare facilities and the rapid expansion in manufacturing facilities in emerging nations like China and India. The telehealth market is also being driven by the high number of cattle in the region. China and India, for example, account for more than 30% of the world's cattle population.

Market Share Insights & Key Companies

These key players are involved with business activities like strategic collaborations, product launches and regional expansion. Emerging countries are still considering veterinary telehealth. Televet, for example, partnered with Cornell University Hospital for Animals in August 2020. Televet would then deploy its telehealth platform to the University's veterinary health operations. This allowed the company to expand its market share in veterinary telehealth. TeleTails also launched TeleTails Instant, a new software tool that allows for video conferencing to address the COVID-19 pandemic. These initiatives are expected to encourage further market growth. The following are some of the most prominent players in the market for veterinary telehealth:

  • Airvet

  • Activ4Pets

  • BabelBark, Inc.

  • GuardianVets

  • PetDesk

  • Petzam

  • TeleTails

  • Televet

  • Vetster, Inc.

  • VitusVet

  • Whiskers Worldwide, LLC

  • Virtuwoof, LLC

  • FirstVet

  • PawSquad

  • Petriage Inc.

Up Market Research published a new report titled “Veterinary Telehealth Market research report which is segmented by Animal Type (Bovine, Equine, Canine, Feline), by Service Type (Telemedicine, Telemonitoring, Teleconsulting), By Players/Companies Activ4Pets, TeleTails, BabelBark Inc, VitusVet, Airvet, PawSquad, FirstVet, Televet, Petriage Inc, Vetster Inc, Whiskers Worldwide LLC, GuardianVets, Petzam, Virtuwoof LLC, PetDesk”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleVeterinary Telehealth Market Research Report
By Animal TypeBovine, Equine, Canine, Feline
By Service TypeTelemedicine, Telemonitoring, Teleconsulting
By CompaniesActiv4Pets, TeleTails, BabelBark Inc, VitusVet, Airvet, PawSquad, FirstVet, Televet, Petriage Inc, Vetster Inc, Whiskers Worldwide LLC, GuardianVets, Petzam, Virtuwoof LLC, PetDesk
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages219
Number of Tables & Figures154
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Veterinary Telehealth Industry Outlook

Global Veterinary Telehealth Market Report Segments:

The market is segmented by Animal Type (Bovine, Equine, Canine, Feline), by Service Type (Telemedicine, Telemonitoring, Teleconsulting).

Veterinary Telehealth Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Veterinary Telehealth Market

Overview of the regional outlook of the Veterinary Telehealth Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Veterinary Telehealth Market Overview

Highlights of The Veterinary Telehealth Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Veterinary Telehealth Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Animal Type:

                1. Bovine

                2. Equine

                3. Canine

                4. Feline

        7. By Service Type:

                1. Telemedicine

                2. Telemonitoring

                3. Teleconsulting

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Veterinary Telehealth Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Veterinary Telehealth Market Trends

Reasons to Purchase the Veterinary Telehealth Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Veterinary Telehealth Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Veterinary Telehealth Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Veterinary Telehealth Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Veterinary Telehealth Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Veterinary Telehealth Market Size & Forecast, 2018-2028 
      4.5.1 Veterinary Telehealth Market Size and Y-o-Y Growth 
      4.5.2 Veterinary Telehealth Market Absolute $ Opportunity 


Chapter 5 Global Veterinary Telehealth Market Analysis and Forecast by Animal Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Animal Type
      5.1.2 Basis Point Share (BPS) Analysis by Animal Type
      5.1.3 Absolute $ Opportunity Assessment by Animal Type
   5.2 Veterinary Telehealth Market Size Forecast by Animal Type
      5.2.1 Bovine
      5.2.2 Equine
      5.2.3 Canine
      5.2.4 Feline
   5.3 Market Attractiveness Analysis by Animal Type

Chapter 6 Global Veterinary Telehealth Market Analysis and Forecast by Service Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Service Type
      6.1.2 Basis Point Share (BPS) Analysis by Service Type
      6.1.3 Absolute $ Opportunity Assessment by Service Type
   6.2 Veterinary Telehealth Market Size Forecast by Service Type
      6.2.1 Telemedicine
      6.2.2 Telemonitoring
      6.2.3 Teleconsulting
   6.3 Market Attractiveness Analysis by Service Type

Chapter 7 Global Veterinary Telehealth Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Veterinary Telehealth Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Veterinary Telehealth Analysis and Forecast
   9.1 Introduction
   9.2 North America Veterinary Telehealth Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Veterinary Telehealth Market Size Forecast by Animal Type
      9.6.1 Bovine
      9.6.2 Equine
      9.6.3 Canine
      9.6.4 Feline
   9.7 Basis Point Share (BPS) Analysis by Animal Type 
   9.8 Absolute $ Opportunity Assessment by Animal Type 
   9.9 Market Attractiveness Analysis by Animal Type
   9.10 North America Veterinary Telehealth Market Size Forecast by Service Type
      9.10.1 Telemedicine
      9.10.2 Telemonitoring
      9.10.3 Teleconsulting
   9.11 Basis Point Share (BPS) Analysis by Service Type 
   9.12 Absolute $ Opportunity Assessment by Service Type 
   9.13 Market Attractiveness Analysis by Service Type

Chapter 10 Europe Veterinary Telehealth Analysis and Forecast
   10.1 Introduction
   10.2 Europe Veterinary Telehealth Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Veterinary Telehealth Market Size Forecast by Animal Type
      10.6.1 Bovine
      10.6.2 Equine
      10.6.3 Canine
      10.6.4 Feline
   10.7 Basis Point Share (BPS) Analysis by Animal Type 
   10.8 Absolute $ Opportunity Assessment by Animal Type 
   10.9 Market Attractiveness Analysis by Animal Type
   10.10 Europe Veterinary Telehealth Market Size Forecast by Service Type
      10.10.1 Telemedicine
      10.10.2 Telemonitoring
      10.10.3 Teleconsulting
   10.11 Basis Point Share (BPS) Analysis by Service Type 
   10.12 Absolute $ Opportunity Assessment by Service Type 
   10.13 Market Attractiveness Analysis by Service Type

Chapter 11 Asia Pacific Veterinary Telehealth Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Veterinary Telehealth Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Veterinary Telehealth Market Size Forecast by Animal Type
      11.6.1 Bovine
      11.6.2 Equine
      11.6.3 Canine
      11.6.4 Feline
   11.7 Basis Point Share (BPS) Analysis by Animal Type 
   11.8 Absolute $ Opportunity Assessment by Animal Type 
   11.9 Market Attractiveness Analysis by Animal Type
   11.10 Asia Pacific Veterinary Telehealth Market Size Forecast by Service Type
      11.10.1 Telemedicine
      11.10.2 Telemonitoring
      11.10.3 Teleconsulting
   11.11 Basis Point Share (BPS) Analysis by Service Type 
   11.12 Absolute $ Opportunity Assessment by Service Type 
   11.13 Market Attractiveness Analysis by Service Type

Chapter 12 Latin America Veterinary Telehealth Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Veterinary Telehealth Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Veterinary Telehealth Market Size Forecast by Animal Type
      12.6.1 Bovine
      12.6.2 Equine
      12.6.3 Canine
      12.6.4 Feline
   12.7 Basis Point Share (BPS) Analysis by Animal Type 
   12.8 Absolute $ Opportunity Assessment by Animal Type 
   12.9 Market Attractiveness Analysis by Animal Type
   12.10 Latin America Veterinary Telehealth Market Size Forecast by Service Type
      12.10.1 Telemedicine
      12.10.2 Telemonitoring
      12.10.3 Teleconsulting
   12.11 Basis Point Share (BPS) Analysis by Service Type 
   12.12 Absolute $ Opportunity Assessment by Service Type 
   12.13 Market Attractiveness Analysis by Service Type

Chapter 13 Middle East & Africa (MEA) Veterinary Telehealth Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Veterinary Telehealth Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Veterinary Telehealth Market Size Forecast by Animal Type
      13.6.1 Bovine
      13.6.2 Equine
      13.6.3 Canine
      13.6.4 Feline
   13.7 Basis Point Share (BPS) Analysis by Animal Type 
   13.8 Absolute $ Opportunity Assessment by Animal Type 
   13.9 Market Attractiveness Analysis by Animal Type
   13.10 Middle East & Africa (MEA) Veterinary Telehealth Market Size Forecast by Service Type
      13.10.1 Telemedicine
      13.10.2 Telemonitoring
      13.10.3 Teleconsulting
   13.11 Basis Point Share (BPS) Analysis by Service Type 
   13.12 Absolute $ Opportunity Assessment by Service Type 
   13.13 Market Attractiveness Analysis by Service Type

Chapter 14 Competition Landscape 
   14.1 Veterinary Telehealth Market: Competitive Dashboard
   14.2 Global Veterinary Telehealth Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Activ4Pets
      14.3.2 TeleTails
      14.3.3 BabelBark Inc
      14.3.4 VitusVet
      14.3.5 Airvet
      14.3.6 PawSquad
      14.3.7 FirstVet
      14.3.8 Televet
      14.3.9 Petriage Inc
      14.3.10 Vetster Inc
      14.3.11 Whiskers Worldwide LLC
      14.3.12 GuardianVets
      14.3.13 Petzam
      14.3.14 Virtuwoof LLC
      14.3.15 PetDesk
Segments Covered in the Report
The global Veterinary Telehealth market has been segmented based on

By Animal Type
  • Bovine
  • Equine
  • Canine
  • Feline
By Service Type
  • Telemedicine
  • Telemonitoring
  • Teleconsulting
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Activ4Pets
  • TeleTails
  • BabelBark Inc
  • VitusVet
  • Airvet
  • PawSquad
  • FirstVet
  • Televet
  • Petriage Inc
  • Vetster Inc
  • Whiskers Worldwide LLC
  • GuardianVets
  • Petzam
  • Virtuwoof LLC
  • PetDesk

Buy Report