Four Tech-based Trends in the Veterinary Market

In recent years, the global veterinary services market has been experiencing significant growth, with projections indicating a compound annual growth rate of 5.7% from 2021 to 2028. By 2028, the market is expected to reach nearly $160 billion. This expansion is not limited to companion animals; commercial farms are also seeing an increase in veterinary services as clients demand the latest treatments for their livestock. The close relationship between advancements in human and veterinary medicine is evident, as both sectors embrace cutting-edge technologies. Telehealth, for instance, has become a vital component of modern veterinary practice. Traditionally used for monitoring livestock health, telemedicine gained prominence during the COVID-19 pandemic when remote consultations became essential. The American Veterinary Medical Association (AVMA) has since updated its guidelines to encourage veterinarians to integrate telehealth solutions into their practices. Specialized veterinary services are also becoming more accessible, thanks in part to telehealth platforms. Primary care veterinarians collaborate with specialists via video conferencing or by sharing medical records in real time. As of 2020, the AVMA recognized 13,539 active board-certified specialists across 41 distinct fields. Recently, in May 2022, the AVMA acknowledged a new specialty in nephrology and urology. Predictive genetic testing is another game-changer in veterinary medicine. By analyzing genetic data, veterinarians can anticipate potential health issues and recommend preventive measures. For example, a new screening test launched in September 2022 predicts with 98% accuracy whether a Labrador Retriever might suffer from a cruciate ligament rupture. This condition has a genetic predisposition of 62%, affecting between 5% and 10% of Labradors. Artificial intelligence and advanced medical devices are revolutionizing diagnostics and treatment. AI-driven algorithms can identify conditions like chronic kidney disease in cats years before symptoms appear. Similarly, oral pill cameras enable non-invasive gastrointestinal imaging, while microchips attached to bones transmit valuable health data. Wearable devices are increasingly popular among pet owners looking to monitor their pets’ well-being. The animal orthotics industry is booming, with projected annual growth rates of 7.1% from 2022 to 2027. Even reality TV shows feature veterinarians crafting prosthetic limbs for animals using 3D printers. As demand for veterinary services grows, maintaining high safety standards remains critical. Preventing zoonotic diseases requires reliable personal protective equipment (PPE). Sri Trang, a global leader in disposable gloves, offers a full range of Ventyv® nitrile and latex medical gloves, ensuring safety for veterinary teams. From exam gloves to surgical-grade protection, Sri Trang meets every need. For insights on infection control and selecting the right PPE, follow our blog. Together, let’s Outsmart Infection®.

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