The global veterinary teleradiology market is expected to grow at a CAGR of around 6.5% from 2020 to 2027 and expected to reach the market value of around US$ 437.6 Mn by 2027.
Veterinary teleradiology is a new clinical practice in animal health that allows radiologists to interpret and analyze medical images in order to provide more accurate diagnosis and treatment. Hospitals, pet clinics, and veterinary radiology centers all use this market. Teleradiology enables radiologists to use advanced teleradiology solutions to improve patient care and treatment while minimizing treatment delays. The concept of teleradiology arose as a result of a scarcity of radiologists, who are typically concentrated in urban areas. Teleradiology markets enable trained specialists to provide interpretation and guidance around the world 24 hours a day, seven days a week.
Artificial intelligence: The future of veterinary teleradiology market
The veterinary radiologist shortage is a global issue that affects general practice managers, specialty and emergency hospitals, as well as teleradiology practices. According to a 2018 study, by the end of 2022, 66% of the North American veterinary teleradiology caseload will not be met, potentially leading to life-threatening outcomes for our pets. Unfortunately, there is no end in sight to the veterinary radiologist shortage, as veterinary radiology training program continue to lose radiologists due to the overwhelming teleradiology demand. To address this, a number of companies recognized the implications early on and decided to use the power of AI technology to automatically evaluate and report on radiographic images. In 2017, for example, Vetology created and released image matching software. The techniques were initially used internally to assist radiologists in becoming more efficient and meeting demand. In 2018, the radiology capabilities of Vetology AI were expanded further, and Vetology AI was the first to market with an augmented interpretation of radiographs using artificial intelligence and machine learning. AI has an impact on almost every aspect of life, enhancing strong understanding of complex issues and increasing the likelihood of better outcomes. AI is being used in the human healthcare industry for image interpretation, disease diagnosis, patient monitoring, drug development, and even robotic surgery. For the record, Google and IBM have made significant investments in the AI healthcare sector, which is expected to reach US$150 Bn over the next decade, according to statistics released by the American Veterinary Medical Association.
Big calls for "Small-animal PET": What is it and why do we need it?
Small-animal PET is the imaging of animals like rats and mice with a small, high-resolution PET scanner designed specifically for this purpose. In comparison to a human PET scanner, a small-animal PET scanner is used for subjects that are typically 2 to 3 orders of magnitude lighter and smaller in volume. Small animal structures necessitate the use of a scanner with high spatial resolution, ideally at the submillimeter level, in order to identify critical organs or target areas. The importance of animal model–based research drives the demand for small-animal PET. A wide range of human diseases are transmitted by mice and rats. The collection of scientific data from these animal studies is critical to medical research. For example, before a new drug is tested on humans, extensive data from animal studies must be available on topics such as dose, bio distribution of the drug, route of administration and excretion, effectiveness for a clinical indication, and toxicity. Preclinical data from animal studies like these must be submitted to the Food and Drug Administration as part of an Investigational New Drug Application, the regulatory step required before moving on to human clinical studies. Prior to the development of small-animal PET, such preclinical data could only be obtained by sacrificing and dissecting a large number of animals' tissues. Small-animal PET has been used to study a wide range of biological processes, including oncology, cardiology, and neurology.
Market Segmentation
The global veterinary teleradiology market is segmented based on service type, animal type, modality, and end-user. By service type, the market is segmented as emergency care, day time coverage, second opinion, and sub-specialty reading. Based on animal type, the market is bifurcated into companion animals and livestock animals. By modality, the market is segregated as X-ray, computed tomography (CT) scan, magnetic resonance imaging, ultrasound scan, and nuclear scan. Furthermore, by end-user the market is segmented as veterinary hospitals, veterinary clinics, veterinary radiology centers, and others
Day care and emergency care segment under service type dominate the global veterinary teleradiology market and are expected to continue in this trend throughout the forecast period. CT scans have dominated the veterinary teleradiology market by modality in the past and are expected to continue in the future. Furthermore, based on end-user, hospitals have held a dominant share in the past and will continue to do so in the forecast period.
Regional Landscape
North America dominates the veterinary teleradiology market, Asia Pacific will record fastest growing CAGR in the forecast period
The veterinary teleradiology market is expected to be dominated by North America. This is due to an increase in pet adoption, an increase in disease and accidental cases in pet animals, and an increase in animal healthcare expenditure. In the US, fall of pets are the leading cause of nonfatal injuries. According to the Centers for Disease Control and Prevention (CDC), cats and dogs were responsible for an estimated 86,629 fall injuries each year, for an annual injury rate of 29.7 per 100,000 populations. Dogs were responsible for nearly 88% of injuries, and females were 2.1 times more likely to be injured than males. Additionally, among falls involving dogs, 61.6% occurred in or around the home and 16.4% in the street or other public place. A location was not specified for 20.3% of cases. Furthermore, 26% percent of falls involving dogs occurred while persons were walking them, and the most frequent circumstances were falling or tripping over a dog 31.3% and being pushed or pulled by a dog 21.2%.
On the other hand, Asia Pacific is expected to have the fastest growing CAGR in the veterinary teleradiology market in the coming years. This is due to the increasing popularity of pet adoption and the increased emphasis on teleradiology services.
Competitive Landscape
The prominent players of the global veterinary teleradiology market involve Veterinary Imaging Consultations, VetRad, VetCT, Lynks Group, BluePearl Veterinary Partners, VEDIM, VICSD Teleradiology Group, and among others
Market Segmentation
Market By Service Type
Emergency Care
Day Time Coverage
Second Opinion
Sub-specialty Reading
Market By Animal Type
Companion Animals
Livestock Animals
Market By Modality
X-ray
Computed Tomography (CT) Scan
Magnetic Resonance Imaging
Ultrasound Scan
Nuclear Scan
Market By End-User
Veterinary Hospitals
Veterinary Clinics
Veterinary Radiology Centers
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Veterinary Teleradiology
1.1. Definition and Scope
1.1.1. Definition of Veterinary Teleradiology
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Veterinary Teleradiology Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Veterinary Teleradiology Market By Service Type
1.2.3. Veterinary Teleradiology Market By Animal Type
1.2.4. Veterinary Teleradiology Market By Modality
1.2.5. Veterinary Teleradiology Market By End-User
1.2.6. Veterinary Teleradiology Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Regulatory Compliance
3.6. Competitive Landscape, 2019
3.6.1. Player Positioning Analysis
3.6.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Veterinary Teleradiology Market By Service Type
4.1. Introduction
4.2. Veterinary Teleradiology Revenue By Service Type
4.2.1. Veterinary Teleradiology Revenue (US$ Mn) and Forecast, By Service Type, 2016-2027
4.2.2. Emergency Care
4.2.2.1. Emergency Care Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Day Time Coverage
4.2.3.1. Day Time Coverage Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Second Opinion
4.2.4.1. Second Opinion Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.5. Sub-specialty Reading
4.2.5.1. Sub-specialty Reading Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Veterinary Teleradiology Market Revenue By Animal Type
5.1. Introduction
5.2. Veterinary Teleradiology Revenue (US$ Mn) By Animal Type
5.2.1. Veterinary Teleradiology Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
5.2.2. Companion Animals
5.2.2.1. Companion Animals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Livestock Animals
5.2.3.1. Livestock Animals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Veterinary Teleradiology Market By Modality
6.1. Introduction
6.2. Veterinary Teleradiology Revenue (US$ Mn) By Modality
6.2.1. Veterinary Teleradiology Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
6.2.2. X-ray
6.2.2.1. X-ray Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Computed Tomography (CT) Scan
6.2.3.1. Computed Tomography (CT) Scan Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Magnetic Resonance Imaging
6.2.4.1. Magnetic Resonance Imaging Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Ultrasound Scan
6.2.5.1. Ultrasound Scan Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Nuclear Scan
6.2.6.1. Nuclear Scan Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Veterinary Teleradiology Market By End-User
7.1. Introduction
7.2. Veterinary Teleradiology Revenue (US$) By End-User
7.2.1. Veterinary Teleradiology Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
7.3. Veterinary Hospitals
7.3.1. Veterinary Hospitals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.4. Veterinary Clinics
7.4.1. Veterinary Clinics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.5. Veterinary Radiology Centers
7.5.1. Veterinary Radiology Centers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.6. Others
7.6.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Veterinary Teleradiology Market By Country
8.1. North America Veterinary Teleradiology Overview
8.2. U.S.
8.2.1. U.S. Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
8.2.2. U.S. Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016-2027
8.2.3. U.S. Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
8.2.4. U.S. Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
8.3. Canada
8.3.1. Canada Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
8.3.2. Canada Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016-2027
8.3.3. Canada Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
8.3.4. Canada Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Veterinary Teleradiology Market By Country
9.1. Europe Veterinary Teleradiology Market Overview
9.2. U.K.
9.2.1. U.K. Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.2.2. U.K. Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016-2027
9.2.3. U.K. Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.2.4. U.K. Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.3. Germany
9.3.1. Germany Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.3.2. Germany Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016-2027
9.3.3. Germany Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.3.4. Germany Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.4. France
9.4.1. France Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.4.2. France Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016-2027
9.4.3. France Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.4.4. France Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.5. Spain
9.5.1. Spain Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.5.2. Spain Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016-2027
9.5.3. Spain Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.5.4. Spain Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016-2027
9.6.2. Rest of Europe Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016-2027
9.6.3. Rest of Europe Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.6.4. Rest of Europe Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Veterinary Teleradiology Market By Country
10.1. Asia Pacific Veterinary Teleradiology Market Overview
10.2. China
10.2.1. China Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.2.2. China Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
10.2.3. China Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.2.4. China Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.3. Japan
10.3.1. Japan Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.3.2. Japan Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
10.3.3. Japan Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.3.4. Japan Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.4. India
10.4.1. India Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.4.2. India Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
10.4.3. India Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.4.4. India Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.5. Australia
10.5.1. Australia Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.5.2. Australia Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
10.5.3. Australia Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.5.4. Australia Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.6.2. South Korea Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
10.6.3. South Korea Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.6.4. South Korea Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
10.7.3. Rest of Asia-Pacific Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.7.4. Rest of Asia-Pacific Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Veterinary Teleradiology Market By Country
11.1. Latin America Veterinary Teleradiology Market Overview
11.2. Brazil
11.2.1. Brazil Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
11.2.2. Brazil Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
11.2.3. Brazil Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
11.2.4. Brazil Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
11.3.2. Mexico Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
11.3.3. Mexico Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
11.3.4. Mexico Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
11.4.2. Rest of Latin America Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
11.4.3. Rest of Latin America Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
11.4.4. Rest of Latin America Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Veterinary Teleradiology Market By Country
12.1. Middle East & Africa Veterinary Teleradiology Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
12.2.2. Saudi Arabia Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
12.2.3. Saudi Arabia Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
12.2.4. Saudi Arabia Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
12.3. UAE
12.3.1. UAE Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
12.3.2. UAE Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
12.3.3. UAE Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
12.3.4. UAE Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Service Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Animal Type, 2016 - 2027
12.4.3. Rest of Middle East & Africa Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
12.4.4. Rest of Middle East & Africa Veterinary Teleradiology Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Veterinary Teleradiology
13.1. Veterinary Teleradiology Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Veterinary Teleradiology Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Veterinary Imaging Consultations
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Veterinary Imaging Consultations 2019 Veterinary Teleradiology Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. VetRad
14.3. VetCT
14.4. Lynks Group
14.5. BluePearl Veterinary Partners
14.6. VEDIM
14.7. VICSD Teleradiology Group
14.8. Others
