What is the Historical Analysis of the Veterinary Telehealth Market Size?
The veterinary telehealth market has seen considerable growth due to a variety of factors.
• In the past few years, the size of the veterinary telehealth market has seen a massive expansion. It is expected to rise from $1.64 billion in 2024 to $2.05 billion in 2025, reflecting a compound annual growth rate (CAGR) of 25.4%.
The growth seen in the historical period is due to robust growth of emerging markets, an upsurge in expenditures on pets, beneficial government measures, and an observed increase in the adoption of pet insurance.
What are the Market Size and Expected Growth Rates for the Veterinary Telehealth Market?
The veterinary telehealth market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions suggest a surge in the veterinary telehealth market size over the coming years, with an estimated rise to $5.44 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 27.6%.
The upward trend during the forecast period can be linked to factors such as a rising number of pet owners, increasing usage of animal-sourced products, and escalating urbanization. During this forecast period, key trends primarily include the implementation of high-tech tools such as artificial intelligence, the inauguration of new facilities, partnerships and collaboration initiatives, and the introduction of novel veterinary telehealth services aimed at enhancing fiscal robustness and broadening the product range.
Which Key Drivers Are Propelling Th Veterinary Telehealth Market's Growth?
The veterinary healthcare market is projected to see significant growth due to the escalated occurrence of zoonotic diseases in animals. Zoonotic ailments, deriving from harmful organisms such as bacteria, parasites, fungi, and viruses, can lead to a range of health conditions in animals and humans, spanning from mild sickness to severe illness and even fatalities. Veterinary telehealth services are valuable in curbing the spread of these infections in animals by facilitating early disease detection and treatment. Veterinarians, through online consultations with pet owners, can identify and begin treatment of diseases in the initial stages, curbing the spread of these zoonotic infections. For example, in July 2022, a report by World Health Organization, a Swiss government agency, reveals a 64% surge in zoonotic cases in Africa. In addition to this, there is a global rise in zoonotic illnesses, notably in India. Human infections resulting from these emerging diseases account for 60% of total cases, with 816 out of 1407 human pathogens being zoonotic. Thus, the escalating incidence of zoonotic illnesses in animals is projected to steer the growth of the veterinary telehealth market.
What Are The Key Segments Within The Global Veterinary Telehealth Market?
The veterinary telehealth market covered in this report is segmented –
1) By Animal Type: Canine, Feline, Equine, Bovine, Swine, Other Animal Types
2) By Service Type: Telemedicine, Teleconsulting, Telemonitoring, Other Service Types
Subsegments:
1) By Canine: Small Breed Dogs, Large Breed Dogs
2) By Feline: Domestic Cats, Exotic Cats
3) By Equine: Horses, Ponies
4) By Bovine: Dairy Cattle, Beef Cattle
5) By Swine: Pigs, Hogs
6) By Other Animal Types: Poultry, Small Mammals, Reptiles
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How Are New Trends Impacting The Size Of The Veterinary Telehealth Market?
Leading firms in the veterinary telehealth sector are utilizing advanced solutions such as artificial intelligence (AI) to enhance their market standing. AI frameworks scrutinize an animal's medical history, genetic makeup, lifestyle aspects, and environmental data to formulate personalized care strategies. To illustrate, PetHub Inc., a US-based enterprise that facilitates connections between pet owners and resources, tools, savings, and a location for essential pet data, introduced a fresh wellness tool for pet owners in May 2023, backed by VetInsight. The PetHub Wellness Tools encompass limitless 24/7 veterinary telehealth services, a wide-ranging AI symptom evaluator, and a digital food and treat locator that offers tailored suggestions for pets. The Symptom Checker feature is an instantly available AI virtual vet that enables pet owners to look up their pet’s symptoms and receive guidance on future steps based on the data given.
Who Are the Key Players in the Veterinary Telehealth Market?
Major companies operating in the veterinary telehealth market include:
• FirstVet
• Whiskers Worldwide
• LLC
• Airvet
• BondVet
• Fuzzy Pet Health,Petzam
• PetDesk
• WellHaven Pet Health
• VetCT
• TeleVet
• VetFamily
• Vettr
• The Vet Connection
• Homevet
• Boehringer Ingelheim
• VetPlanet
• VetNOW
• Vetster
• Pawzy
• PocketPills for Pets
• VIC Animal Health
• Vetro Solutions
• Belfarmacom
• Pawp
• GuardianVets
• PetLove
• Doctor Vet
• Teleconsulta Veterinaria
• Vetwork
• Altibbi
• Global Vet Ltd
• Multivet Ghana Ltd
What are the Regional Insights into the Veterinary Telehealth Market?
North America was the largest region in the veterinary telehealth market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary telehealth market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
