Veterinary Telemetry Systems Market Size, Share and Global Trend By Animal (Livestock, Companion), By Technology (Wire Telemetry, Acoustic Telemetry, Wireless Telemetry, Digital Telemetry, Others), By End User (Veterinary Hospitals, Veterinary Clinics), and Geography Forecast till 2030

Telemetry is a process of electronic recording and transmission of data from remote or inaccessible sources to an IT system. Veterinary telemetry systems are devices which are used to monitor the vital signs of the animals such as temperature, respiratory rate, blood pressure, and pulse. The monitoring of these vital signs is critical because they provide important information to the veterinarians regarding the animal’s health, which enables them to understand and take crucial decisions regarding diagnosing, monitoring, treatment, and prevention of various diseases.

Veterinary telemetry systems are the most effective tools for preventing animal diseases and for promoting animal health and welfare. Veterinary telemetry systems also play a crucial role in animal health protection by preventing and controlling of serious zoonotic diseases. Prevention of animal diseases is also critical because they are a negative constraint to sustained agricultural development and food security and can disrupt the economic benefits of international trade in livestock commodities. Veterinary telemetry systems have major implications on human health because of the animal to human transmission of diseases such as rabies, plaque, listeriosis, and query fever, which can be prevented through monitoring.

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The global veterinary telemetry systems market is anticipated to grow owing to a number of factors such as increasing prevalence of animal diseases, growing pet ownership, demand for meat and animal-based products, usage of animals in agriculture, technological advancements in veterinary telemetry systems, easy accessibility and affordability of treatment, and expansion of government initiatives.

The factors limiting the growth of global veterinary telemetry systems are a dearth of skilled labor, lack of awareness regarding veterinary telemetry systems, and the increasing costs of animal healthcare.

Key Players Covered

Some of the major companies that are present in the global veterinary telemetry systems market are DRE Veterinary, Charles River, DaVinci Biomedical Research Products, Inc., Dextronix, Inc., Digicare Biomedical, and Georgian Anesthesia.

SEGMENTATION

Among the segmentation, digital telemetry is anticipated to show a higher CAGR during the forecast period owing to digitalization technology worldwide and its user-friendly applications.

Key Insights

• Overview of animal insurances
• Technological advancements in the veterinary telemetry systems market
• New product launch
• Key mergers and acquisitions

Regional Analysis

Geographically the global veterinary telemetry systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to dominate the veterinary telemetry systems market owing to factors such as better & easy accessibility to technological advancements, provisions in animal healthcare insurance, and growing pool of veterinarians during the forecast period. Asia Pacific is the largest emerging market due to large livestock animal pool, rising awareness about animal healthcare, increasing disposable incomes and introduction of government initiatives responsible for contributing positively in the veterinary telemetry systems market growth.

Key Industry Developments

• In March 2019, Vetoquinol India Animal Health Pvt Ltd acquired Farmvet Systems Ltd, for its long term vision to create an ecosystem where digital technologies, diagnostic tools and drugs complement together for effective management of animal health and welfare.
• In March 2016, Millar, Inc., announced the launch of MILLAR MOUSE TELEMETRY SYSTEM – single-use and implantable telemetry for bio-potential signals in experimentation in mice.