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Artificial Intelligence (AI) in Animal Health Market Trends

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

AI in Animal Health Market Trends

  • Rapid advancements in AI technology enable the development of diagnostic tools that can identify diseases in their early stages, predict outbreaks, and offer personalized treatment plans.
     
  • For instance, in 2020, Zoetis launched Vetscan Imagyst, a first-of-its- kind technology with AI enabled fecal analysis, digital cytology image transfer, and AI blood smear testing.
     
  • Such AI-powered imaging and diagnostic systems enhance the accuracy of veterinary diagnostics, thereby increasing the adoption of AI in animal health.
     
  • Additionally, development of smart devices and wearables is further boosting the market growth. These advanced technologies enable real-time monitoring and data collection, enhancing the ability to track and analyze various health parameters in animals.
     
  • For instance, smart collars, tags, and other wearable devices equipped with sensors can gather vital data such as heart rate, temperature, activity levels, and location. This continuous stream of information, when analyzed using AI algorithms, allows for early detection of health issues, personalized care, and improved disease management.
     
  • Thus, the integration of AI with smart wearables not only improves animal welfare but also optimizes operational efficiencies for veterinary professionals and pet owners alike, thereby propelling the market forward.
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.

AI in Animal Health Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 264
  • Countries covered: 22
  • Pages: 152
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