Veterinary Telemedicine Market 2020 will Rise at a CAGR of 31% to Hit US$143 mn by 2026- QYResearch

Industry: Market Research

The global Veterinary Telemedicine insights into the market competition, leading segments, top regions, and other vital subjects.

Los Angeles, CA (PRUnderground) February 21st, 2020

Telehealth is rising as one of the greatest development in healthcare sector. Therefore, delivering veterinary services using telemedicine that offer numerous benefits for the animal owners and patients is also expected to gain momentum. QY Research has recently published a report titled “Global Veterinary Telemedicine Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application”. The report predicts the potential growth opportunities that lie in the global market. According to the report, the global veterinary telemedicine market was worth US$21 mn in 2019 and is projected to be valued at US$143 mn by the end of 2026, registering a CAGR of 31% during the forecast period.

Access to Remote Areas Likely to Boost Demand for Veterinary Telemedicine

Telemedicine in veterinary is rising in popularity due to its ability to deliver health information and education to remote places. The easy access to telemedicine through electronic communication promotes its demand among its users. Technological advancements has made it convenient for users to access veterinary telemedicine through their smart device applications thus, making it favourable for the patient. Easy internet access has made it convenient for owners to diagnose and treat their pets with the help of video and text messaging platforms.

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It is regulated by the government bodies that enforces stringent laws to safeguard patients. Innovations in the field have resulted in pioneer devices such as wearables and in-home virtual devices that allow the owners to monitor their pet’s activity and behaviour thus, boosting the demand for the market.

Radiographic Reporting Segment Expected to Augment Owing to Minimal Effort

The radiographic reporting segment is expected to rise in demand during the forecast period as radiologists will come to use telemedicine tools for medical professionals. This will add value to the medical diagnosis by eliminating the need for visiting the doctor, thus making veterinary healthcare approachable.

Technological Advancements to Trigger Growth Opportunities in North America

North America is expected to lead the global market as this region is technologically advanced, which entitles the customers in this region to witness innovations first hand. This region also has the largest concentration of key players that invests in research and development activities for innovations.

Key players in the market are merging medical industry with AI to bring innovations in the market. AI assistance is expected to change the market dynamics by transforming the care system across the globe.

The key players operating in the global veterinary telemedicine market are, Anipanion, Linkyvet, Oncura Partners, TeleVet, Vetchat, VetCT, Vetoclock, and WellHaven Pet Health.

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Major Points From TOC:
Industry Overview of Veterinary Telemedicine
Global Veterinary Telemedicine Competition Analysis by Players
Company (Top Players) Profiles and Key Data
Global Veterinary Telemedicine Market Size by Application
Market Forecast by Regions and Application (2020-2025)
Veterinary Telemedicine Market Dynamics

About QY Research

QY Research is a leading global market research and consulting company. Established in 2007 in Beijing, China, QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and custom research to help our clients in providing non-linear revenue models and make them successful. We are globally recognized for our expansive portfolio of services.

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