Global Veterinary Telehealth Market Size (2024 - 2029)

Global Veterinary Telehealth Market Analysis

The Global Veterinary Telehealth Market size is estimated at USD 237.08 million in 2024, and is expected to reach USD 557.43 million by 2029, at a CAGR of 19% during the forecast period (2024-2029).

Factors such as rising global pet ownership, increased spending on veterinary healthcare, and the heightened prevalence of zoonotic diseases are projected to drive the market's growth during the forecast period.

As pet owners become increasingly aware of their pets' health, they're allocating more funds towards regular check-ups, vaccinations, dental care, and other preventive services. This heightened spending on pet healthcare is significantly fueling the demand for daily veterinary health services and, in turn, propelling the growth of telehealth services. For instance, Pet Care Statistics reported in October 2024 that Indian pet parents spend around INR 50,000 annually on pet care, which constitutes 5% to 8% of their household income.

In addition to the above context, a concerning statistic emerges: in India, over 70% of pets lack regular veterinary care, and merely 10% receive essential preventive measures like vaccinations and deworming. This significant gap underscores a critical issue in India's pet healthcare landscape, emphasizing the pressing need for accessible and affordable veterinary services. Telehealth services present a viable solution, granting pet owners convenient access to veterinary care. With telehealth, pet owners can obtain timely consultations, preventive care advice, and prescriptions without needing in-person visits. As awareness of these benefits grows, so too is the anticipated surge in demand for telehealth services.

The increasing prevalence of zoonotic diseases in animals underscores the urgent need for early diagnosis and treatment. Telehealth services play a pivotal role in this context, facilitating remote consultations that can lead to timely interventions. Particularly in rural or underserved areas, telehealth bridges the gap between animal owners and veterinarians, ensuring swift management of zoonotic diseases. Given these dynamics, the market is poised for significant growth during the forecast period.

For instance, a study published in Veterinary Parasitology in October 2024 examined the prevalence of coccidiosis and ascariasis in backyard chickens from low- and middle-income countries (LMICs). The research underscored how climatic factors influence the spread of these parasitic diseases. Findings revealed a coccidiosis prevalence of 0.39%, significantly higher in tropical regions, and an ascariasis prevalence of 0.23%, with increased rates in tropical, temperate, and continental climates. This escalating challenge fuels the demand for telehealth services, which provide effective solutions for remote disease diagnosis, monitoring, and management. By utilizing telehealth, farmers and pet owners can obtain timely advice and treatment plans, mitigating the effects of zoonotic diseases and enhancing overall animal health. As a result, the surging prevalence of zoonotic diseases propels the growth of the telehealth market, establishing it as a crucial tool for managing animal health in various, often underserved, regions.

Furthermore, the introduction of new telehealth services by major players is set to further stimulate market growth during the forecast period. For instance, in May 2023, PetHub, Inc., a service bridging pet owners with essential resources, tools, and a centralized hub for key pet data, unveiled its Wellness Tools, powered by VetInsight. This offering equips subscribers with a range of advanced features, such as round-the-clock veterinary telehealth services, a detailed artificial intelligence (AI) symptom checker, and a virtual food and treat finder offering tailored recommendations for pets. Such advancements underscore the increasing trend of technological integration in pet care, simplifying access to vital services and resources for pet owners.

Given the rising expenditures in pet healthcare, the mounting burden of zoonotic diseases, and the introduction of new services, the market is poised for growth during the forecast period. However, the high costs of services and limited awareness and accessibility of telehealth in developing nations could hinder the veterinary telehealth market's expansion in the coming years.

Global Veterinary Telehealth Industry Segmentation

As per the scope of the report, veterinary telehealth is a service that facilitates medical advice through the Internet to pet owners and to the people involved in the animal business. It is a way of delivering veterinary medical practice for animals with the help of the latest technologies. Veterinary telehealth is turning out to be a vital way of protecting and monitoring the health of animals at their place. 

The veterinary telehealth market is segmented into animal type, service type, and geography. By animal type, the market is segmented into companion animals and livestock animals. By service type, the market is segmented into telemedicine, teleconsulting, telemonitoring, and other services. The other services include prescription refills and management, behavioral, and preventive health services. By geography, the market is divided into North America, Europe, Asia-Pacific, and Rest of the World. The report offers the value (in USD) for the above segments.