Description
Veterinary Teleradiology Market size is valued USD 218.2 million in 2021 and is expected to reach USD 276.3 million by 2026, at a CAGR of 4.8% during the forecast period 2022-2028. Veterinary teleradiology is a technology used for the interpretation and analysis of medical images by radiologists who are not present at the location where the images were generated. Veterinary teleradiology technique is most commonly used in pet clinics, veterinary radiology centres, and veterinary hospitals. Veterinary technology considered as an advanced solution for improving animal health and treatment without any delay. The major applications with the teleradiology include teleconsultation, telemonitoring, and telediagnosis which help the radiologists to perform their work more efficiently. Global Veterinary teleradiology market is growing at a significant CAGR owing to the dearth of skilled radiology professionals in the underdeveloped regions. Several international companies are focusing on the R&D activities for the innovation of newer imaging technologies and quick data transformation, which are anticipated to fuel the market. Moreover, development of IT infrastructure, upgrading of Picture Archiving and Communication Systems (PACS) and Radiology Information Systems (RIS) might boost the revenue of market over the forecast period. In addition, acquisitions and mergers, collaborations, and technological advancements are key strategies followed by the companies for dominating the market. For instance, in 2012, Idexx Laboratories acquired Shadowsmiths and VetRadiologist for strengthening its business segment in diagnostic information and telemedicine services in the veterinary healthcare industry.