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Artificial Intelligence (AI) In Animal Health Market Size & Growth Insights: Emerging Trends and Future Projections 2025-2034
Artificial Intelligence (AI) In Animal Health Market Size
What Is the Artificial Intelligence (AI) In Animal Health Market Size and Projected Growth Rate?
The market size of artificial intelligence (AI) in the animal health sector has seen significant expansion in the last few years. Forecasts suggest a growth from $1.45 billion in 2024, to $1.74 billion in 2025, indicating a compound annual growth rate (CAGR) of 19.8%. This expansion during the historic period can be traced back to the enhanced utilisation of AI, the clearance of AI-based solutions, dedication from major corporations, amplified spending on animal health, and the incorporation of AI into veterinary diagnostic procedures.
The market size for artificial intelligence (AI) within the field of animal health is projected to witness remarkable expansion in the years to come, reaching a value of $3.57 billion by 2029, with a compound annual growth rate (CAGR) of 19.7%. Its growth in this forecast period can be linked to precision-driven management of livestock, cutting-edge solutions in veterinary healthcare, informed strategies based on data, tele-monitoring and diagnosis, the early identification of diseases and anomalies, along with proactive and personalized medicine. Notable trends in this forecast period encompass progress in veterinary diagnostic methods, a surge in the acceptance of AI technologies, improved capabilities in disease detection and monitoring, and an increased focus on the welfare and conservation of animals.
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What Are the Major Segments in the Artificial Intelligence (AI) In Animal Health Market?
The artificial intelligence (AI) in animal health market covered in this report is segmented -
1) By Solution: Hardware, Software And Services
2) By Technology: Machine Learning, Natural Language Processing (NLP), Computer Vision, Other Technologies
3) By Animal Type: Companion Animals, Production Animals
4) By Application: Diagnostics, Identification, Tracking, And Monitoring, Other Applications
5) By End-Use: Veterinary Clinics And Hospitals, Research Institutions, Farms And Livestock Producers
Subsegments:
1) By Hardware: Diagnostic Devices, Wearable Health Monitoring Devices, Automated Feeding Systems
2) By Software And Services: AI-Powered Diagnostic Tools, Predictive Analytics Software, Health Management Platforms, Consulting Services, Implementation And Integration Services, Maintenance And Support Services, Training And Educational Programs
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What Are The Driving Artificial Intelligence (AI) In Animal Health Market Evolution?
The growth of the artificial intelligence (AI) in animal health market is likely to be fueled by the rising costs associated with animal health. The term "animal health expenditure" pertains to the total sum of money invested in maintaining and enhancing the health and overall welfare of animals. Factors contributing to the surge in animal health expenditure include heightened awareness, the trend of treating pets as members of the family, and the need for sophisticated veterinary care services encompassing cutting-edge technologies like AI. High-income pet owners can afford AI-enabled telehealth services and monitoring solutions, which facilitates around-the-clock monitoring of their pets' health and virtual interactions with veterinarians. For instance, the American Pet Products Association reported in June 2023 that Americans' expenditure on pet health soared 10.68% from the prior year to $136.8 billion in 2022, up from $123.6 billion. Additionally, $35.9 billion was allotted to Vet Care services. Therefore, the escalating costs associated with animal health are triggering the growth of the AI in the animal health market.
Which Firms Dominate The Artificial Intelligence (AI) In Animal Health Market Segments?
Major companies operating in the artificial intelligence (AI) in animal health market are 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, SignalPET, ImpriMed Inc., PetPace Ltd., VetNOW, Shenzhen Mindray Animal Medical Technology Co. Ltd., EIO Diagnostics Inc., Connecterra, GuardianVets, Halter USA Inc., Petriage Inc., Moichor Inc., OneCup Al, AgGenetics Inc., IMV Technologies, Felcana, Vet-Al, Alpha Phenomics Inc.
What Trends Are Expected to Dominate the Artificial Intelligence (AI) In Animal Health Market in the Next 5 Years?
Key players in the AI animal health market are creating advancements like AI systems for cattle feed suggestions in order to enhance livestock nutrition and farm management techniques. The goal of this technology is to optimize livestock farming by customizing feed schemes for specific animals or groups, taking into account aspects like their age, weight, health condition, and nutritional needs. For example, Precision Livestock Technologies, a US firm that offers both software and hardware solutions for livestock feed and health, rolled out the first artificial intelligence system in January 2024. This AI system forecasts cattle feed intake and provides feed suggestions. It creates daily feed predictions based on large amounts of data collected from PLT's machine vision bunk management system and other external data sources. These predictions consider factors such as feeding rates, feeding times, feeding cycles, cattle behavior, type of ration, weather, and more.
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Which Is The Largest Region In The Artificial Intelligence (AI) In Animal Health Market?
North America was the largest region in the artificial intelligence (AI) in animal health market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in animal health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence (AI) In Animal Health Market?
2. What is the CAGR expected in the Artificial Intelligence (AI) In Animal Health Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence (AI) In Animal Health Industry?
4. Which Region Is Leading the Artificial Intelligence (AI) In Animal Health Market?
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