Telerad market predicted to exceed $600M

by Katie Pfaff

The worldwide teleradiology market for veterinary use is expected to grow in the next decade, according to a report by Transparency Market Research, a market analysis firm. The sector is forecast to reach a value of $607.59 million by the end of 2031, according to the report. The period discussed in the report begins in 2021.

Though the market is relatively new, the area is expected to garner growth as the overall market for pet care increases and is based on the diagnostic and treatment capabilities of the technology.

As the COVID-19 pandemic forced many veterinary practices to change their methods of treating pets, and allowed for some telehealth visits, technology has increasingly become a part of veterinary care. Similarly, teleradiology can be used to guide diagnosis and treatment decisions for a pet patient. Additionally, AI can be used to aid in interpreting images, according to the American Veterinary Medical Association.

These technological advances are expected to help streamline veterinary care by saving time. Teleradiology can also be managed on the cloud, providing a way to share images. These factors combine to create a positive outlook for growth in the global veterinary teleradiology market.

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Telerad market predicted to exceed $600M

by Katie Pfaff

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