Companion Animal Digital Technology Market Vendor and Technology Assessment Report 2024-2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Companion Animal Digital Technology Market By Type of Service (Telemedicine, Telehealth, Reminder Applications, Trackers, Wearables, and Platform Market Places) Trends, Industry Competition Analysis, COVID-19 Impact Analysis, Revenue and Forecast Till 2030." features detailed market analysis and an extensive study on the current trends, exploring its significant factors.

According to the latest market research report, the global companion animal digital technology market is valued at US$ 1425.35 Million in 2021, and it is expected to reach US$ 8037.85 Million by 2030, with a CAGR of 21.91% during a forecast period of 2022-2030.

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Dogs, cats, and other companion animals are kept for the protection of a person, home, or place of business. These creatures serve to maintain a secure atmosphere. Most people cherish these creatures as they provide them a sense of belonging and friendship. In recent times, digital technologies such as telemedicine, biosensors, and wearable technology are becoming increasingly vital for animal health management. The Emergence of such Digital Technologies, together with the advancements in the internet of things (IoT) paradigm, has enabled rapid and real-time monitoring of companion animals
The Development of the global companion animal digital technology market may be attributed to numerous factors, such as the fast adoption of digital technologies, rising frequency of zoonotic diseases & chronic animal diseases, surging demand to maintain the health of companion animals. Increasing pet owners preference towards telehealth services growing pet healthcare spending is also predicted to quickly boost the market throughout the forecast period. In addition to this, expanding government investment to advance animal healthcare technology, the rising number of pet owners worldwide, andthe development of veterinary health information systems is further pushing the market expansion. However, the high costs of services and the lack of awareness about the new digital technology for animals are projected to hamper market growth in the future. Regionally, North America is predicted to register the quickest increase over the estimated timeframe, followed by the Asia Pacific due to the rapid use of digital technology, increasing pet ownership, and expanding government support to avoid animal diseases.Due of the Covid-19 outbreak restrictions, pet owners prefer to use virtual care services, consequently increasing the need for the companion animal digital technology industry. high costs of services and the lack of awareness aboutnew digital technology for animals are projected to hamper market growth in the future.
America is predicted to register the quickest increase over the estimated timeframe, followed by the Asia Pacific due to the rapid use of digital technology, increasing pet ownership, and expanding government support to avoid animal diseases.

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Key players operating in the companion animal digital technology market include AVID Identification Systems (US), Datamars, Inc. (Switzerland), EIDAP Inc. (Canada), Findster (US), FitBark (US), Gibi Technologies (US), Link AKC (US), Loc8tor (UK), Marco Polo (US), Microchip4Solutions Inc. (Canada), Nuzzle (US), PawPrint (UK), Pethealth Inc. (Canada), PetPace (US), PetSafe (US), Sure Petcare (SureFlap Ltd) (UK), Tractive (Austria), Trovan, Ltd. (Isle of Man), Whistle (Tagg) (US), WUF (US), Fuzzy - The Pet Parent Company (US), 11 PETS LTD. (Spain), DogLog (US), Intervet Inc. (Merck & Co.) (US), 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), FitBark (US), Garmin International, Inc. (US), GoPro (Fetch) (US), Petriage (US), i4C Innovations (India), INUPATHY, Inc. (Japan), Kyon (Greece), Milkline (Italy), PetPace (US), Pitpatpet Ltd. (UK), Scollar, Inc. (US), TekVet Technologies Co. (US), Tractive (Austria), Whistle Labs (US), among others.

Key developments in the market:
• In Jan 2022, Petriage- a pet health technology company, announced a partnership with the Link Smart Pet Wearable by Smart Tracking Technologies, LLC. Petriage intends to integrate real-time pet health information from its AI-driven symptom analysis tool into Smart Tracking Technologies' brand-new Link Smart Pet Wearable gadget as part of this agreement.
• In September 2021, PetSafe (US), a global leader in pet product solutions honored with two 2021 pet independent innovation awards for two PetSafe products. 1. ScoopFree Smart Self-Cleaning Litter Box. 2. Dancing Dot Laser Cat Toy.
• In March 2021, Fuzzy- The Pet Parent Company received a fresh $18 million Series B funding round. The company plans to democratize access to pet care through pet parent education and virtual care alternatives. Fuzzy will use the new funding to expand its product offerings and increase its personnel over the following months.
• In May 2020, Mars Petcare launched digital 'Pet Health Pal,' a new, free digital education tool powered by the Facebook messenger and WhatsApp chatbot to support pet health and wellness.

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Market Segments
Companion Animal Digital Technology Market, by Type of Service, 2019-2030 (Value US$ Mn)
• Telemedicine
• Telehealth
• Reminder applications
• Trackers
• Wearables
• Platform Market Places
Companion Animal Digital Technology Market, by Animal Type, 2019-2030 (Value US$ Mn)
• Dogs
• Equine
• Cats
• Others
Companion Animal Digital Technology Market, by Region, 2019-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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This release was published on openPR.