The Asia Pacific Veterinary Telemedicine Market would witness market growth of 18.1% CAGR during the forecast period (2023-2030).
The growing use of the Internet of Things (IoT) and artificial intelligence (AI) technologies is the primary driver of growth in this market. Both pet owners and the veterinary industry have significantly influenced the development and efficacy of veterinary telemedicine. IoT devices, including wearables and smart sensors, enable remote monitoring of pets' vital signs and health parameters, with data being transmitted to veterinarians for analysis in real-time.
AI systems can analyze this data to spot patterns and trends, enabling accurate assessments and timely interventions. In addition, AI-enabled telemedicine platforms facilitate virtual consultations in which AI algorithms aid diagnosis and treatment decisions by analyzing medical records and diagnostic images. Predictive analytics and chatbots/virtual assistants powered by artificial intelligence offer proactive recommendations, triage support, and personalized care guidance. IoT and AI-enabled electronic health record systems for animals also improve data management and encourage evidence-based decision-making, increasing remote monitoring, diagnostic precision, preventive care, and general efficiency in providing veterinary services.
In 2022, there were more than 70.43 million urban pet owners in China, according to China’s State Council Information Office. The expanding number of middle-class customers, who progressively have the financial resources and interest in owning a pet, is primarily the reason for the rise in pet ownership. In 2019, households with a dog or cat increased by a staggering 4.7 million to 61.2 million. Governments in the region have implemented supportive regulations and initiatives that encourage AI integration in the veterinary industry as they realize the importance of modernizing agriculture and improving animal healthcare. As a result of the rising pet industry in the Asia Pacific region, the market is expected to witness significant growth in the coming years.
The China market dominated the Asia Pacific Veterinary Telemedicine Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $107.9 million by 2030. The Japan market is poised to grow at a a CAGR of 17.4% during (2023 - 2030). Additionally, The India market would witness a CAGR of 18.8% during (2023 - 2030).
Based on Application, the market is segmented into Diagnosis & Treatment, Consultation with specialists, Prescription of medication, Follow-up care, and Education. Based on Component, the market is segmented into Software & Services, and Hardware. Based on Type, the market is segmented into Internet, and Telephone. Based on Animal Type, the market is segmented into Companion, Livestock, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Veterinary Telemedicine Market is Projected to reach USD 1.5 Billion by 2030, at a CAGR of 17.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Teletails, Justanswer, Airvet, Inc., Firstvet, Vetster Inc., Otto, Animan Technologies Inc., Vitusvet, Whiskers Worldwide, LLC, and Askvet
By Application
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By Animal Type
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