Press release
Artificial Intelligence in Animal Health Global Market 2025: Soaring Growth Driven by Rising Expenditure, Advanced AI Solutions, and Progressive Technologies
What Is The Projected Market Size Of The Global Artificial Intelligence (AI) In Animal Health Global Market Report 2025 And Its Growth Rate?
The global AI in animal health market has shown tremendous growth owing to:
* Market size of $1.45 billion in 2024, projected to increase to $1.74 billion in 2025 with a CAGR of 19.8%.
* Impressive growth due to the increasing applications of AI, wider availability of AI-based solutions, key companies' initiatives, and rising expenditure on animals.
* The market size is anticipated to reach $3.57 billion in 2029 at a CAGR of 19.7% owing to factors like precision management of livestock and veterinary healthcare, remote monitoring, early disease detection, and proactive healthcare.
What Is Driving The Growth In The Artificial Intelligence (AI) In Animal Health Global Market Report 2025?
The AI in animal health market is driven by the increasing expenditure on animal health by pet owners who can afford AI-powered services and remote monitoring solutions for their pets. For example, according to American Pet Products Association, Americans had spent $136.8 billion on pet health in 2022, representing a rise of 10.68% from the previous year. Such increasing expenditure contributes significantly to the growth of the AI in animal health market.
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Who Are the Key Players Driving Artificial Intelligence (AI) In Animal Health Global Market Report 2025 Growth?
Key players in the market include:
* Microsoft Corporation
* International Business Machines Corporation
* Zoetis Inc.
* VCA Animal Hospitals Inc.
* IVC Evidensia
* IDEXX Laboratories Inc.
* Merck Animal Health
* Heska Corporation
* Agria Pet Insurance
* PrecisionHawk
What Are The Key Trends In The Artificial Intelligence (AI) In Animal Health Global Market Report 2025?
Major trends influencing the AI in animal health market include:
* Advancements in veterinary diagnostics
* Increased adoption of AI technologies
* Enhanced disease detection and monitoring
* Growing emphasis on animal welfare and conservation
What Are The Segments Of The Global Artificial Intelligence (AI) In Animal Health Global Market Report 2025?
The AI in animal health market is segmented as follows:
* By Solution: Hardware, Software And Services
* By Technology: Machine Learning, Natural Language Processing (NLP), Computer Vision, Other Technologies
* By Animal Type: Companion Animals, Production Animals
* By Application: Diagnostics, Identification, Tracking, And Monitoring, Other Applications
* By End-Use: Veterinary Clinics And Hospitals, Research Institutions, Farms And Livestock Producers
Which Region Leads The Artificial Intelligence (AI) In Animal Health Global Market Report 2025?
North America was the largest region in the AI in animal health market in 2024, while Asia-Pacific is anticipated to be the fastest-growing region in the coming years. The study provides insights on various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Artificial Intelligence (AI) In Animal Health Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Artificial Intelligence (AI) In Animal Health Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence (AI) In Animal Health Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Intelligence (AI) In Animal Health Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Intelligence (AI) In Animal Health Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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