Yahoo Finance Veterinary Telemedicine Market to Surpass US$ 95.2 Million by 2028, Says Coherent Market Insights (CMI)
SEATTLE, Oct. 27, 2021 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, 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).
Key Trends and Analysis of the Global Veterinary Telemedicine Market:
Key trends in the market include key companies in the market focusing on inorganic growth strategies such as partnership, which is expected to drive the global veterinary telemedicine market growth over the forecast period. For instance, in July 2020, Zoetis U.K. a global animal health company, announced that they entered in a partnership with telemedicine companies such as Vet-AI and Video with My Vet. The telemedicine platforms follow the developing telemedicine guidelines for the U.K. and will enable veterinarians to derive information with the existing client on their smartphones via virtual consultations.
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Key Market Takeaways:
The global veterinary telemedicine market is expected to exhibit a CAGR of 17.3% during the forecast period due to growing prevalence of zoonotic diseases and chronic animal diseases, which is expected to drive the market growth over the forecast period. For instance, according to statistics by the World Health Organization (WHO) in 2021, it is estimated that about one million cases of illness and millions of deaths occur each year from zoonotic diseases, and approximately 60% of emerging infections, worldwide, are the result of zoonotic diseases.
Among type, by internet segment estimated to hold a dominant position in the global veterinary telemedicine market over forecast period. Key players in the market focusing on product launch which is estimated to drive the segment growth in the market over the forecast period. For instance, in March 2021, Practo, an integrated healthcare company, launched a veterinary telemedicine service on its platform. The India-based company teamed up with licensed veterinarians across the country to offer 24x7 online consultation services for pets.
On the basis of region, North America is estimated to hold a dominant position in the global veterinary telemedicine market over forecast period, owing to increasing pet ownership in the U.S. For instance, according to National Pet Owners Survey conducted by the American Pet Products Association (APPA) 2019-2020, about 85 million families in the U.S. own a pet.
Competitive Landscape:
Key players operating in the Global Veterinary Telemedicine Market include Agora.io, Anipanion, Linkyvet, Oncura Partners, TeleVet, Vetchat, VetCT., Vetoclock, WellHaven Pet Health, Petriage, PawSquad, and Petpro Connect.
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Market 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 Country
U.S.
Canada
Latin America
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Country
GCC
Israel
Rest of Middle East
Africa
By Region/Country
South Africa
Central Africa
North Africa
Related Market Intelligence Reports:
Video Telemedicine Market, By Deployment (On-Premise Video Conferencing, and Cloud-Based Video Conferencing), By Component (Hardware, Software), By Application (Oncology, Cardiology, Dermatology, Gynecology, Dentistry and Neurology), By Communication Technologies (3G, 4G, ADSL, Broadband ISDN, and Satellite Communication), and By End User (Hospitals, Clinics, Home Care Services) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026
Veterinary Oncology Market, by Animal Type (Companion Animal (Equine, Canine, and Feline), and Livestock Animal), by Therapy Type (Chemotherapy, Combination Therapy, Immunotherapy, and Targeted Therapy), by Mode of Administration (Oral and Intravenous), by Application (Canine Lymphoma, Osteosarcoma (OSA), Mast Cell Cancer, Melanoma, and Multiple Myeloma), by Distribution Channel (Hospital Pharmacies, Government Agencies, and Retail Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2026
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.
CONTACT: Mr. Shah Senior Client Partner – Business Development Coherent Market Insights Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com
