Global Veterinary Digital Technology Market to Record an Exponential CAGR by 2030 - Exclusive Report by InsightAce Analytic

The global Veterinary Digital Technology Market is estimated to reach over USD 5067.6 million in 2021, exhibiting a CAGR of 21.6% during the forecast period.

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Veterinary Industry has experienced numerous changes in terms of diagnosis, treatment, and care during the last decade. The rise of IoT allows veterinarians to obtain more information about animal health faster and more efficiently than ever before. New digital technologies, services, and insights are constantly revealing new opportunities to enhance the core pillars of defending and sustaining good animal health: prediction, prevention, monitoring, diagnosis, and treatment.
Digital monitoring provides a more effective defence against disease transmission inside a group of animals and between animals and humans. Animal wearables, for example, are increasingly being utilised to monitor animal health. These gadgets, which record vital statistics such as body temperature, heart rate, respiration rate, and pH levels, aid in the constant monitoring of the pet's Health.

These gadgets also aid the diagnosis, resulting in better, faster, and more accurate therapy. Due to the continuously developing animal industry worldwide, demand for Veterinary Digital Technology is expected to rise. Another development driver is an increasing emphasis on the efficiency and safety of animal production. Rising animal health expenditures, a growing number of veterinary practitioners in developed regions, and advancements in the companion animal sector are expected to drive demand for the product in developing countries. Furthermore, in the last five years, there has been a massive increase in animal health expenditure. As a result, the increasing usage of various devices for tracking and identifying, monitoring behaviour, diagnosing medical concerns, and safety and security is expected to drive market expansion throughout the forecast period.

The market is likely to be dominated by North America. The existence of well-established enterprises, advanced healthcare IT infrastructure, and pet owners' high spending capacity account for most of the regional revenue share. Growing companion animal ownership and increased animal health spending are also attributed to regional growth.

List of Prominent Players in the Veterinary Digital Technology Market:
Metamorphosis Partners
Advanced Animal Diagnostics, Inc.
Babel Bark, Inc.
SwineTech, Inc.
inulogica
whiskerDocs, LLC
Fuzzy Pet Health
Quantified Ag
Pathway Vet Alliance
Anipanion
Linkyvet
TeleVet
Petriage, Inc.
TeleTails
VetNOW
Airvet
Pawz Limited
Oncura Partners
PetPro Connect
VETOCLOCK
VetCT

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Recent Developments:
• In Oct 2022, MWI Animal Health U.K. announced MWI Pet, a new technology service designed to help veterinarian offices boost client interaction while decreasing administrative demands on their employees. MWI Pet promotes effective digital engagement between clinics and pet owners.
• In May 2021, Advanced Animal Diagnostics announced a $7 million investment to expand the company's platform for quick, point-of-care decisions in animal and human health, supporting One Health's aims to preserve human, animal, and environmental Health.

Segmentation of Veterinary Digital Technology Market-
By Product
• Companion Animal Digital Technology
o Telemedicine
o Telehealth
o Reminder Applications
o Trackers
o Wearables
o Platform Market Places
• Livestock/Production Animal Digital Technology
o Monitoring Devices
o Identification Devices
o Trackers
o Wearables
o Remote Sensors
o Digital Cameras
o Microphones
o Environmental Sensors

By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.