The report on Artificial Intelligence in Animal Health Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Artificial Intelligence in Animal Health market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the Artificial Intelligence in Animal Health industry
The global AI in Animal Health Market, the field is experiencing a rapid expansion of AI technologies that are altering the way animals are diagnosed, treated, and cared for. These applications use AI-powered tools including computer vision, machine learning, and predictive analytics to improve animal welfare worldwide and improve veterinary care. By evaluating biological samples and medical imaging like MRIs and X-rays, artificial intelligence (AI) plays a critical role in early disease identification. Veterinarians may now discover diseases like cancer, infections, and joint issues at an early stage because AI algorithms can spot small patterns and anomalies that may go unnoticed by humans. Positive outcomes are more likely when early detection enables prompt intervention and treatment. The market for artificial intelligence in animal health is expected to reach a value of USD 1.44 billion in 2023. With a linear growth pattern, it is predicted to reach USD 6.12 billion by 2033, growing at a CAGR of 19.45% between 2024 and 2033.
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Growth Factors
Animals are handled according to agreements, avoiding legal complications and damage to a company’s reputation.
There is a lot of investment and research zeal in the field of animal health AI. This encourages the creation of increasingly complex and specialized solutions, such as image-based disease detection, surgical robotics powered by artificial intelligence, and predictive models for animal health prognosis.
Concern over animal agriculture’s environmental impact is growing. AI works to minimize waste, maximize the use of resources, and lower the carbon footprint associated with animal husbandry. In addition to being socially and environmentally conscious, sustainable practices also give businesses a competitive edge.
Concern over animal suffering during the food production process is growing among consumers. AI plays a key role in resolving these concerns by guaranteeing ethical behavior, appropriate care, and compassionate treatment of animals.
Key Market Drivers
Early Disease Detection and Diagnosis
In the context of the global artificial intelligence (AI) in animal health market, early disease detection and diagnosis refers to the ground-breaking ability of AI technologies to identify health issues in animals at an early stage, enabling timely intervention and improved treatment outcomes. This aspect of AI integration has the potential to revolutionize animal welfare and veterinary care worldwide. Artificial intelligence (AI)-powered algorithms are able to examine enormous amounts of medical data, including pictures from MRIs and X-rays as well as biological samples. These algorithms are capable of identifying minute deviations and anomalies that can escape human notice through pattern recognition and data analysis. This corresponds to the ability to detect illnesses, problems, or abnormalities in animals far sooner than traditional methods in the animal health sector.
Top companies in the Artificial Intelligence in Animal Health Market are,
- IBM,
- Zoetis,
- IDEXX Laboratories,
- Heska,
- VCA Animal Hospitals,
- Felcana,
- Nexvet,
- Agria Pet Insurance,
- Microsoft,
- Corporation,
- Evidensia,
- Mindray,
- PetPace,
- VioVet,
- AniCura and Other.
The leading companies of the Artificial Intelligence in Animal Health industry, their market share, product portfolio, company profiles are covered in this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Artificial Intelligence in Animal Health players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and useful guide to shaping your business growth.
Market Segments
By Solutions
- Hardware
- Software & Services
By Animal Type
- Companion Animals
- Production Animals
By Application
- Diagnostics
- Identification, Tracking, and Monitoring
- Others
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Market Regional Analysis
The AI market for animal health is growing at the fastest rate in the Asia Pacific area. Many factors, such as the increase in pet ownership, increased disposable incomes, and government attempts to support animal welfare, are being blamed for this surge. The Asia-Pacific region’s three biggest markets are China, India, and Japan.
With a market share of more than 38%, North America leads the world in the artificial intelligence in animal health sector and generates the most income. This is because the area prioritizes animal welfare, has a thriving healthcare system, and has state-of-the-art technology infrastructure. North America’s largest market is the US one, followed by Canada’s.
The second-biggest market for AI in animal health is Europe. The region is home to a sizable and expanding veterinary industry in addition to a number of well-known AI companies. The three biggest markets in Europe are those in the UK, Germany, and France.
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