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Artificial Intelligence (AI) in Animal Health Market Size

Report ID: GMI9888
Published Date: Jun 2024
Report Format: PDF

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AI in Animal Health Market Size

AI in Animal Health Market was valued at USD 1.2 billion in 2023 and is anticipated to witness over 18.4% CAGR over the analysis period (2024-2032).

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High market growth can be attributed to advancements in machine learning and data analytics that are enhancing diagnostic accuracy and treatment efficacy, leading to improved health outcomes for animals. Further, growing awareness and adoption of AI-driven wearable devices and sensors for continuous health tracking are also contributing to market expansion. Moreover, increasing investments in AI research and development by key market players and the supportive regulatory framework are accelerating innovation and deployment of AI solutions in animal healthcare, thereby propelling the overall market growth.

Artificial Intelligence (AI) in animal health refers to the application of AI technologies and methodologies to improve the diagnosis, treatment, monitoring, and overall management of animal health. AI can help in early disease detection, predicting health outcomes, optimizing treatment plans, and enhancing the efficiency of veterinary practices. It also plays a role in managing herd health, improving livestock productivity, and ensuring animal welfare.

AI in Animal Health Market Report Attributes
Report Attribute	Details
Base Year:	2023
AI in Animal Health Market Size in 2023:	USD 1.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	18.4%
2032 Value Projection:	USD 5.5 Billion
Historical Data for:	2021 - 2023
No. of Pages:	152
Tables, Charts & Figures:	264
Segments covered:	Solution, Application, Animal Type, End-use, and Region
Growth Drivers:	Rising pet ownership and expenditure Advancements in AI technology Increased focus on animal disease prevention Development of smart devices and wearables
Pitfalls & Challenges:	High cost of implementation Data privacy and security concerns

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global artificial intelligence (AI) in animal health industry was valued at USD 1.2 billion in 2023 and is anticipated to witness 18.4% CAGR from 2024 to 2032, due to advancements in machine learning and data analytics for enhancing diagnostic accuracy and treatment efficacy.

Artificial intelligence (AI) in animal health industry from the hardware solution segment accounted for USD 768.3 million in 2023, owing to increasing adoption of AI-driven devices, such as wearable sensors, imaging systems, and diagnostic equipment.

North America market size was USD 461.2 million in 2023 and is anticipated to reach USD 2 billion by 2032, led by advanced technological infrastructure and significant investments in AI research and development .

Animals.ai, Heska Corporation, IDEXX Laboratories, Inc., ImpriMed, Inc., Merck & Co., Inc., OneCup AI, Petriage, PetPace, SignalPET, VetCT, Vetology LLC, and Zoetis Inc.