Press release
Veterinary Digital Technology Market Digital Revolution in Pet Care Empowering Vets, Empowering Pets
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Veterinary Digital Technology Market- by Product Type (Companion Animal Digital Technology (Telemedicine, Telehealth, Reminder Applications, Trackers, Wearables, and Platform Marketplaces) and Livestock/Production Animal Digital Technology(Monitoring Devices, Identification Devices, Trackers, Wearables, Remote Sensors, Digital Cameras, Microphones, and Environmental Sensors)), Trends, Industry Competition Analysis, Revenue and Forecast To 2028."
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According to the latest research by InsightAce Analytic, the global Veterinary Digital Technology market is valued at US$ 5.06 Billion in 2021, and it is expected to reach US$ 17.9 Billion by 2028, with a CAGR of 21.6% during a forecast period of 2024-2031.
The Digital Revolution in Veterinary Care
The veterinary profession has undergone a significant transformation in recent years, driven by the rapid advancement of digital technologies. This digital revolution encompasses a range of innovations, including:
• Digital cameras
• Remote monitoring technologies
• Telemedicine and telehealth services
These advancements are not only impacting companion animal care but also extending to the animal agriculture sector.
Benefits of Digital Technologies in Veterinary Care
Digital technologies are transforming the veterinary industry by offering comprehensive solutions for various care settings and specialized services.
Here are some key areas of impact:
• Tracking and Identification: Digital tools enable efficient tracking and identification of animals, improving overall animal management.
• Veterinary Diagnosis: Advanced diagnostic imaging, for example, allows veterinarians to provide a higher standard of care at a more accessible cost point.
• Behavior Monitoring: Technologies like remote monitoring can be used to assess animal behavior and identify potential health concerns.
Market Growth Drivers
The constant evolution of the global animal industry is expected to significantly increase the demand for veterinary digital technologies. Several factors are
fueling the adoption of these technologies:
• Increased Focus on Continuous Animal Health Monitoring: Digital solutions enable continuous monitoring of animal health, allowing for early detection of potential issues.
• Rise of Innovation in Animal Clinics: Veterinary clinics are increasingly adopting digital tools to address various healthcare needs.
• Rising Costs of Animal Healthcare: The growing cost of animal health services is creating a demand for more efficient and cost-effective solutions, which digital technologies can provide.
• Growth in Developed Regions: The rise in the number of veterinarians in developed regions fosters a more receptive environment for digital veterinary solutions.
• Expanding Companion Animal Sector: The growing popularity of companion animals is another factor driving the market for veterinary digital technologies in emerging markets.
• Focus on Animal Safety and Security: Digital tools can be used for tracking and identification purposes, contributing to animal safety and security.
Looking Ahead
The rising costs associated with animal health, coupled with the increasing use of various digital technologies for tracking, diagnosis, behavior monitoring, and animal safety, are expected to propel the growth of the veterinary digital technologies market throughout the forecast period. As the veterinary industry continues to embrace digital innovation, we can expect even more advancements and improved care for animals around the world.
Over the coming years, North America is expected to dominate the veterinary digital technology market. Due to the presence of well-established companies, an advanced healthcare IT infrastructure, and pet owners' considerable buying power, this market has the most significant revenue share. The demand for Veterinary Digital Technology is anticipated to soar as a result of the region's constantly evolving animal industry.
Additionally, the Asia Pacific Veterinary Digital Technology market is anticipated to expand significantly during the projected period. It is projected that demand for the product will grow in developing countries as a result of rising veterinary spending, an increase in the number of veterinarians in developed regions, and expansion in the companion animal industry.
Major market players operating in the Veterinary Digital Technology market include SwineTech, Inc., inulogica, whiskerDocs, LLC, Fuzzy Pet Health, Quantified Ag, Metamorphosis Partners, Advanced Animal Diagnostics, Inc., Babel Bark, Inc., Pathway Vet Alliance, Anipanion, Linkyvet, TeleVet, Petriage, Inc., TeleTails, VetNOW, Airvet, Pawz Limited, Oncura Partners, PetPro Connect, VETOCLOCK, and VetCT.
Recent collaborations and agreements in the market:
• In January 2020, Rapid Digital Cytology was introduced by IDEXX Laboratories. It facilitates digital connections between veterinarians globally and speeds up the turnaround time for cytology interpretation.
• In August 2019, To enhance communication between veterinarians and pet owners, BabelBark incorporated a two-way pet journaling function into its BabelVet, BizBark, and BabelBark smartphone applications.
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Market Segments
Global Veterinary Digital Technology Market, by Product, 2020-2028 (Value US$ Mn)
Identification Devices
o Trackers
o Wearables
o Remote Sensors
o Digital Cameras
o Microphones
o Environmental Sensors
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
Global Veterinary Digital Technology Market, by Region, 2020-2028 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Veterinary Digital Technology Market, by Country, 2020-2028 (Value US$ Mn)
• U.S.
• Canada
Europe Veterinary Digital Technology Market, by Country, 2020-2028 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Veterinary Digital Technology Market, by Country, 2020-2028 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Veterinary Digital Technology Market, by Country, 2020-2028 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Veterinary Digital Technology Market, by Country, 2020-2028 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Veterinary Digital Technology market
To receive an industry overview and future trends in the Veterinary Digital Technology market
To analyze the Veterinary Digital Technology market drivers and challenges
To get information on the Veterinary Digital Technology market value (US$Mn) forecast to 2028
Significant investments, mergers & acquisitions in the Veterinary Digital Technology market industry
For More Information @ https://www.insightaceanalytic.com/report/global-veterinary-digital-technology-market-/1137
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InsightAce Analytic Pvt. Ltd.
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Email: info@insightaceanalytic.com
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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