The Latin America, Middle East and Africa Veterinary Telemedicine Market would witness market growth of 20.6% CAGR during the forecast period (2023-2030).
Multiple businesses concentrate on organic growth strategies, such as new product introductions, product approvals, and other techniques, such as patents and events. Acquisitions, partnerships, and collaborations were the most prevalent inorganic growth strategy activities observed on the market. Furthermore, expanding the businesses and consumer bases of market actors has been made possible due to these actions. Due to increasing market demand, industry participants are expected to have lucrative growth prospects.
The increasing number of pet owners has raised demand for veterinary services, such as telehealth options. Additionally, veterinary telehealth is a convenient alternative to in-person visits, providing pet owners with accessibility and flexibility, driving market expansion. This convenience especially appeals to individuals with hectic schedules or those living in remote areas where veterinary care may be limited. Aside from this, the rising number of aging pets requiring more frequent veterinary care is also a significant factor in the market's expansion. In addition, the widespread use of products for behavior and training consultations, as a growing number of pet owners seek advice on training techniques, behavioral issues, and socialization, is contributing to the development of the market.
In Sub-Saharan African nations, animal diseases pose a continual threat to domestic pets and livestock and provide a severe socioeconomic barrier to their spread. Most livestock diseases recognized by the World Organization for Animal Health (OIE) are prevalent in Africa, necessitating the administration of veterinary medications frequently. Due to increasing global demand, the cattle industry has recently experienced an explosion. Consequently, the demand for animal care in the region has increased significantly. Additionally, it is anticipated that this will help the LAMEA region's market to expand.
The Brazil market dominated the LAMEA Veterinary Telemedicine Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $24.1 million by 2030. The Argentina market is anticipated to grow at a CAGR of 21.2% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 20.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
By Component
By Type
By Animal Type
By Country
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