Artificial Intelligence (AI) in Animal Health Market Expands as Virtual Vet Assistants and Diagnostic Algorithms Transform Animal Care

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Artificial Intelligence (AI) In Animal Health Market- (By Solution (Hardware, Software & Services), By Application (Diagnostics, Identification, Tracking, and Monitoring, Others), By Animal Type (Companion Animals, Production Animals)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global Artificial Intelligence (AI) In Animal Health Market is valued at 1351.10 Mn in 2024, and it is expected to reach 7758.09 Mn by the year 2034, with a CAGR of 19.2% during a forecast period of 2025-2034.

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Artificial Intelligence (AI) is increasingly recognized as a transformative force within the animal health sector, offering advanced capabilities for analyzing electronic health records and related data to identify potential health risks. Through predictive analytics, veterinary professionals are now able to implement early interventions, thereby improving animal health outcomes and reducing overall treatment costs. The growth of this market is being driven by several key factors, including the rising adoption of AI technologies in veterinary practices, increased availability of AI-enabled solutions, strategic initiatives by leading industry players, greater expenditure on animal healthcare, and the growing demand for enhanced medical outcomes for companion and livestock animals.

The availability of large and diverse datasets-such as medical imaging, electronic health records, and genomic information-has been instrumental in the evolution of AI in veterinary medicine, providing the foundation for developing and refining high-performance AI models. Furthermore, innovations such as virtual veterinary assistants and AI-powered chatbots are offering pet owners on-demand access to basic health guidance, thereby improving engagement and continuity of care, especially outside traditional clinical hours. The increasing interest in AI-driven solutions for animal health has also prompted significant investment from both public and private entities, further accelerating technological advancements and market expansion.

List of Market Players in the Artificial Intelligence (AI) In Animal Health Market:
• Zoetis Services LLC
• Merck & Co., Inc.
• Heska Corporation
• SignalPET
• VetCT
• Vetology LLC
• OneCup AI
• Petriage
• ImpriMed, Inc.
• IDEXX Laboratories, Inc.

Market Dynamics:
Drivers-
Ongoing advancements in Artificial Intelligence (AI) technologies, particularly in machine learning and deep learning, have led to the development of increasingly sophisticated algorithms capable of addressing complex animal health issues. As these algorithms have evolved, their performance and accuracy in animal health applications have significantly improved. Machine learning algorithms, in particular, have played a crucial role in drug discovery and development by analyzing large biological datasets, identifying patterns, and forecasting the efficacy of potential treatments.

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Challenges:
The successful deployment of artificial intelligence in the animal health sector is significantly constrained by the need for extensive, high-quality datasets to train AI systems effectively. Acquiring diverse and comprehensive data across various species and conditions remains a considerable challenge. Furthermore, concerns surrounding data privacy, lack of standardization, and limited interoperability hinder the seamless sharing and integration of animal health information. The development and implementation of AI-driven solutions in this domain also require specialized expertise spanning both artificial intelligence and veterinary sciences. The limited availability of professionals with dual-domain proficiency may impede the widespread adoption and advancement of AI technologies in animal health.

Regional Trends:
North America is expected to retain the largest share of the artificial intelligence in animal health market, supported by a robust infrastructure comprising veterinary clinics, academic and research institutions, pharmaceutical companies, and technology providers. The region's strong focus on research and development in AI and machine learning continues to foster innovation in veterinary applications. Concurrently, the Asia-Pacific region is witnessing rapid advancements in AI and machine learning technologies, particularly in countries such as China, Japan, South Korea, and India. These developments are creating a dynamic and supportive ecosystem for the integration of AI into animal health practices, thereby accelerating regional market growth.

Recent Developments:
• In May 2023, As part of its AI-enabled predictive health platform, MYANIML launched new geolocation technologies intending to enhance the security of the beef and dairy supply chains. The new feature makes it possible to locate and follow sick animals up to three days before symptoms appear, aiding in the early diagnosis of diseases.
• In Sept 2022, Merck Animal Health disclosed that it had signed a binding contract under which it would buy Vence from its owners and founders. Vence pioneered the use of virtual fencing for the management of livestock and rotational grazing. In the third quarter of 2022, the transaction was anticipated to close, barring usual closing conditions. The agreement's specific terms weren't made public.

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Segmentation of Artificial Intelligence (AI) In Animal Health Market-
By Solution-
• Hardware
• Software & Services
By Application-
• Diagnostics
• Identification, Tracking, and Monitoring,
• Others
By Animal Type-
• Companion Animals
• Production Animals
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/artificial-intelligence-ai-in-animal-health-market/1965

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This release was published on openPR.