Press release
Companion Animal Digital Technology Market Set for Robust Growth: $8.03 Billion Forecast by 2030.
Companion Animal Digital Technology Market
According to the latest research by InsightAce Analytic, the global Companion Animal Digital Technology market is valued at US$ 1.42 Billion in 2021, and it is expected to reach US$ 8.03 Billion by 2030, with a CAGR of 21.90% during a forecast period of 2022-2030.
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Animal partners help humans by giving companionship. Pets kept as companions for people, homes, or businesses include dogs and cats. These creatures contribute to preserving the environment safe. As they guard their properties, lands, and workplaces, there is an increased need to support the animals' proper health. The digital technologies for companion animal health are quickly expanding and gaining ground on the global market. These technologies allow animal sickness to be predicted, avoided, diagnosed, and safely treated. It provides customers with a straightforward and completely customized experience for managing pet care by keeping tabs on a pet's vital health routines, food intake, and exercise.
Numerous factors, including the rapid use of digital technologies, the increased frequency of zoonotic illnesses & chronic animal diseases, and the growing need to maintain companion animals' health, have contributed to the growth of the global companion animal digital technology market. The increasing desire for telemedicine services among pet owners is anticipated to grow quickly throughout the forecast due to increased pet healthcare spending. The expansion of veterinary health information systems, the rise in pet ownership globally, and growing government financing for the advancement of animal healthcare technologies are all contributing to this. Pet owners prefer virtual care services due to the Covid-19 outbreak restrictions, which drive up demand for companion animal digital technologies. However, future market growth is anticipated to be constrained by the high costs of services and the general ignorance about new digital technology for animals.
North America is anticipated to be the major contributor to the Companion Animal Digital Technology market over the forecast years. North America held the most significant market share due to rapid technological development and rising spending on digital solutions in nations like Canada and the United States. A sizeable regional market expansion is also anticipated during the projection period due to the quick uptake of digital technology, rising pet ownership, and increased government support to prevent animal disease. In addition, the Asia Pacific Companion Animal Digital Technology market is expected to grow significantly during the forecast period since pet ownership is on the rise, digital technologies are being adopted quickly, and more government funding is available to fight animal diseases.
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Major market players operating in the Companion Animal Digital Technology market include AVID Identification Systems (US), Loc8tor (UK), Marco Polo (US), Microchip4Solutions Inc. (Canada), Nuzzle (US), PawPrint (UK), Pethealth Inc. (Canada), PetPace (US), Datamars, Inc. (Switzerland), EIDAP Inc. (Canada), Findster (US), FitBark (US), Gibi Technologies (US), Link AKC (US), PetSafe (US), Sure Petcare (SureFlap Ltd) (UK), Tractive (Austria), Trovan, Ltd. (Isle of Man), Whistle (Tagg) (US), WUF (US), 11 PETS LTD. (Spain), DogLog (US), Intervet Inc. (Merck & Co.) (US), FitBark (US), Garmin International, Inc. (US), GoPro (Fetch) (US), i4C Innovations (India), INUPATHY, Inc. (Japan), Kyon (Greece), Milkline (Italy), PetPace (US), Pitpatpet Ltd. (UK), Pawprint Inc. (UK), PetCare (US), PetDesk (US), V2P2 LLC (US), VetCheck (Australia), Virtual Recall (UK), VitusVet (US), Dogstar Life (US), Dogtra (US), EYENIMAL (US), Felcana (UK), Scollar, Inc. (US), TekVet Technologies Co. (US), Tractive (Austria), Whistle Labs (US), and others.
Recent collaborations and agreements in the market:
• In January 2022, A cooperation between Petriage, a pet health technology firm, and Smart Tracking Technologies, LLC's Link Smart Pet Wearable was announced. As part of this collaboration, Petriage wants to incorporate real-time pet health data into the new Link Smart Pet Wearable device from Smart Tracking Technologies using its AI-driven symptom analysis tool.
• In September 2021, Two 2021 pet independent innovation awards were given to PetSafe (US), a pioneer in the pet product solutions industry, for two PetSafe products. The first is the ScoopFree Smart Self-Cleaning Litter Box. 2. A laser cat toy that dances.
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Market Segments
Global Companion Animal Digital Technology Market, by Type of Service, 2022-2030 (Value US$ Mn)
• Telemedicine
• Telehealth
• Reminder applications
• Trackers
• Wearables
• Platform Market Places
Global Companion Animal Digital Technology Market, by Animal Type, 2022-2030 (Value US$ Mn)
• Dogs
• Equine
• Cats
• Others
Global Companion Animal Digital Technology Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Companion Animal Digital Technology Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Companion Animal Digital Technology Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Companion Animal Digital Technology Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Companion Animal Digital Technology Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Companion Animal Digital Technology Market, by Country, 2022-2030 (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 Companion Animal Digital Technology market
To receive an industry overview and future trends of the Companion Animal Digital Technology market
To analyze the Companion Animal Digital Technology market drivers and challenges
To get information on the Companion Animal Digital Technology market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Companion Animal Digital Technology market industry
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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 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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