Veterinary teleradiology is a technology used for the interpretation and analysis of medical images by radiologists who are not present at the site where the images were generated. It is a clinical practice in which radiological reports generated through X-ray, magnetic resonance imaging (MRI), computerized tomography (CT) scan, ultrasound scans, or nuclear scan are transferred from one location to get the interpretation and consultation from different radiologist experts. The veterinary teleradiology technique is most commonly used in pet clinics, veterinary hospitals, and veterinary radiology centers. Moreover, this technique is used to obtain medical images of animals for diagnosis of the disease. Veterinary technology is regarded as an advanced solution for the improvement of animal health and treatment without any delay. The major applications with teleradiology include telemonitoring, teleconsultation, and telediagnosis that help radiologists to perform their work more efficiently.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the veterinary teleradiology market.
Top Impacting Factors
- Increase in the companion and livestock population, and a rise in prevalence of animal diseases are the major factors that fuel the market growth.
- In addition, increase in the number of veterinary practitioners and surge in animal welfare expenditure are anticipated to fuel the veterinary teleradiology market.
- Moreover, technological advancements in veterinary teleradiology such as real-time data interpretation, and favorable reimbursement policies are expected to propel the growth of the market during the forecast period.
- In addition, the integration of artificial intelligence and virtual and augmented reality in disease diagnosis, monitoring the health of the patients, and image interpretation are likely to create lucrative opportunities for the expansion of the market during the forecast period.
- However, lack of skilled technicians and radiologists, and lack of awareness about veterinary teleradiology might restrain the market growth.
Market Trends
New Product Launches to Flourish the Market
In December 2020, NEOGEN Corporation (U.S.) launched a preventative care DNA screening tool for detecting genetic diseases in dogs.
In January 2020, IDEXX Laboratories (U.S.) launched upgraded IDEXX Web PACS for veterinary applications
In November 2020, NEOGEN Corporation (U.S.) collaborated with Transnetyx Inc. (U.S.), this partnership helped NEOGEN to increase its presence in the animal genomics and diagnostics market.
In July 2019, FUJIFILM SonoSite (U.S.) collaborated with Partners Healthcare (U.S.) to enhance its ultrasound technology with artificial intelligence. This collaboration helped enhance FUJIFILM’s product line.
Key Benefits of the Report
- This study presents the analytical depiction of the veterinary teleradiology market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Veterinary Teleradiology Market Report
- Which are the leading market players active in the veterinary teleradiology market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is veterinary teleradiology market?
- What is veterinary teleradiology market prediction in the future?
- Who are the leading global players in the veterinary teleradiology market?
- What are the current trends and predicted trends?
- What are the key benefits of the veterinary teleradiology market report?
Veterinary Teleradiology Market Report Highlights
| Aspects | Details |
 By Service Type |
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 By Animal Type |
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 By Modality |
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 By End User |
|
 By Region |
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 Key Market Players | VICSD Teleradiology Group., Veterinary Imaging Consultations, Inc., VetRad, VetCT, BluePearl, Veterinary Partners, Lynks Group plc, Animal Imaging, VEDIM, Veterinary Medical Center |
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