Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Veterinary Telemetry Systems Market Size is Expected to Grow from USD 388.34 Million in 2023 to USD 779.68 Million by 2033, at a CAGR of 7.22 % during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Veterinary Telemetry Systems Market Size, Share, and COVID-19 Impact Analysis, By Animal (Small Animals and Large Animals), By Product (Vital Signs Monitors, Wearables, and ECG/EKG Monitors), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The veterinary telemetry systems market involves advanced monitoring technologies used to track vital physiological parameters in animals remotely. These systems are increasingly deployed in veterinary clinics, research facilities, and animal care settings for continuous monitoring of animals’ health and well-being. Veterinary telemetry systems leverage wireless communication to collect real-time data, enabling enhanced diagnostics, monitoring of treatment efficacy, and overall improvement in animal care. The market's growth is primarily driven by the increasing adoption of advanced technologies in veterinary healthcare, rising pet ownership globally, and the expanding focus on animal welfare. Furthermore, the surge in demand for telemetry systems in animal research and pharmaceutical studies contributes significantly to market growth. The development of compact, user-friendly devices with enhanced accuracy and data processing capabilities is also a key factor propelling the market. However, the high cost associated with veterinary telemetry systems and the complexity of their operation pose significant challenges. The limited availability of trained professionals to operate these devices further restrains market expansion.
The small animals segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the animal, the veterinary telemetry systems market is classified into small animals and large animals. Among these, the small animals segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This dominance can be attributed to the increasing adoption of small animals, such as cats and dogs, as companion animals, coupled with rising expenditure on their healthcare and wellness. The growing prevalence of chronic conditions and the rising need for continuous health monitoring in small animals are further driving the demand for telemetry systems in this segment.
The vital signs monitors segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product, the veterinary telemetry systems market is divided into vital signs monitors, wearables, and ECG/EKG monitors. Among these, the vital signs monitors segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The dominance of this segment can be attributed to the essential role that vital signs monitors play in providing comprehensive and real-time data on critical parameters such as heart rate, respiratory rate, temperature, and blood pressure in animals. The increasing prevalence of chronic diseases and the rising need for accurate diagnostic tools in veterinary practices are key factors driving the demand for vital signs monitors.
North America is estimated to hold the largest veterinary telemetry systems market share over the forecast period.
North America is estimated to hold the largest veterinary telemetry systems market share over the forecast period. This can be ascribed to the developed veterinary healthcare infrastructure, increasing pet insurance adoption, and strategic moves by the market leaders. To cite an example, in March 2024, HaloLights LLC and DHS S&T created a wearable health monitoring tool for dogs to track and analyze vital signs and other health-related metrics. Being in Phase 4 of clinical trials, the device has immense potential for the markets' growth if launched successfully.
Asia-Pacific is predicted to have the fastest CAGR growth in the veterinary telemetry systems market over the forecast period. The growth of the market in the region is owing to improving veterinary healthcare facilities and services, increasing number of local companies, and growing pet population. The market in this region is driven by rapid urbanization, increasing disposable incomes, and the rising trend of pet ownership in countries like China, India, and Japan. Furthermore, the expanding livestock sector in the region, coupled with a growing focus on improving productivity and managing diseases, is further propelling the adoption of telemetry systems among farmers.
Competitive Analysis
Major key players in the veterinary telemetry systems market are Avante Animal Health, an Avante Health Solutions company, Medtronic, Shenzhen Mindray Animal Medical Technology Co., LTD., Nonin, Masimo, Dextronix, Inc., Midmark Corporation., BIONET, and Smiths Medical (ICU Medical).
Key Target Audience
Recent Development
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the veterinary telemetry systems market based on the below-mentioned segments:
Global veterinary telemetry systems Market, By Animal
Global Veterinary Telemetry Systems Market, By Product
Global Veterinary Telemetry Systems Market, By Regional Analysis
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