Industry Background:
The veterinary telemedicine platform helps in connecting veterinary professionals with the vet clinics across the globe for specialty vet care for small and large animals. This software provides real-time and web-connected healthcare facilities to vet owners. Through this veterinarian can set up virtual consultation capabilities in the wake of social distancing and COVID-19 to provide care to their clients, in place of in-person clinic visits. There are various start-ups that emerge in the last few years by looking at the low risk of investing in less regulated healthcare sectors. This is a major reason behind the growing interest of start-ups in veterinary clinics. As FDA revealed that the veterinary clinic sector is less regulated as compared to any other healthcare model. As due to COVID-19, man states such as New York, New Jersey, Minnesota, and North Carolina, forbid the corporate practice of veterinary medicine.This growth is primarily driven by With the rise in popularity of social distancing because of enhancing the ability to deliver health information and education to remote places. As easy access to telemedicine through electronic communication promotes the high driving factor users. Along with rising accessibility of smart devices, along with increasing penetration of the internet is also rising awareness towards telemedicine platforms..
Globally, a noticeable market trend is evident The radiographic is becoming a major revenue contribution segment which is expected to grow in the forecast period. As radiologists are moving towards telemedicine tools for medical professionals. This will add value to the medical diagnosis by rejecting the requirement for visiting the doctor and making veterinary healthcare approachable.. Major Players, such as Anipanion (United States), Linkyvet (France), Vetoclock (United Kingdom), TeleVet (United States), Petriage (United States), TeleTails (United States), VetNOW (United States), AirVet (United States), PawSquad (England) and VetCT (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Mar 2020, GoFetch, a Canadian based announced the launch of its free access to its veterinary telemedicine platform, which will connect pet owners with veterinary clinics during the COVID-19 outbreak. This is an application-based service and it is register free of charge until June 1, 2020. The application provides live veterinary chat function under which veterinarians and veterinary technicians provide general support, advice, and triage to the multiple pet owners simultaneously. And after that provide paid virtual video consults for a primary veterinarian, with more in-depth support, and treatments.
Market Drivers
- With the rise in popularity of social distancing because of enhancing the ability to deliver health information and education to remote places. As easy access to telemedicine through electronic communication promotes the high driving factor users. Along with rising accessibility of smart devices, along with increasing penetration of the internet is also rising awareness towards telemedicine platforms.
Market Trend
- The radiographic is becoming a major revenue contribution segment which is expected to grow in the forecast period. As radiologists are moving towards telemedicine tools for medical professionals. This will add value to the medical diagnosis by rejecting the requirement for visiting the doctor and making veterinary healthcare approachable.
Restraints
- Lack of Trained Medical Personnel Specializing in Telemedicine
Opportunities
Technological Advancements Such Advent of Artificial Intelligence in Telemedicine Platforms is Creating Strong Growth Potential in This Market and Increasing Number of Technology-Based Start-Ups Across the Globe
Challenges
Lack of Awareness Regarding Veterinary Telemedicine Platform in Underdeveloped Regions
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Veterinary Telemedicine Platform Study Sheds Light on
The Veterinary Telemedicine Platform Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Veterinary Telemedicine Platform industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Veterinary Telemedicine Platform industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.