by The global artificial intelligence (AI) in animal health market size was estimated to be around US$ 0.99 billion in 2022. It is projected to reach US$ 5.76 billion by 2032, indicating a CAGR of 19.30% from 2023 to 2032.
Key Takeaways
- By region, North America contributed more than 35% of revenue share in 2022. On the other hand, Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By solution, the hardware segment has held the largest market share of 64% in 2022. Meanwhile, the software and services segment is anticipated to grow at a remarkable CAGR of 20.8% between 2023 and 2032.
- By application, the diagnostics segment generated over 50% of revenue share in 2022. Whereas the other segment is expected to expand at the fastest CAGR over the projected period.
- By animal type, the companion animal segment had the largest market share of 71% in 2022. On the other hand, the production segment is expected to expand at the fastest CAGR over the projected period.
The market research report on the Artificial intelligence (AI) in animal health market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Artificial intelligence (AI) in animal health products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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Artificial Intelligence (AI) in Animal Health Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 19.30% |
| Market Size in 2023 | USD 1.18 Billion |
| Market Size by 2032 | USD 5.76 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Solution, By Application, and By Animal Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global Artificial intelligence (AI) in animal health market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Artificial intelligence (AI) in animal health market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Artificial intelligence (AI) in animal health products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the Artificial intelligence (AI) in animal health market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on Artificial intelligence (AI) in animal health market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Artificial intelligence (AI) in animal health market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Artificial Intelligence (AI) in Animal Health Market Players
- Zoetis
- IDEXX Laboratories
- IBM
- Microsoft
- Antelliq Corporation
- VCA Animal Hospitals
- AniCura
- Mindray
- Evidensia
- Agria Pet Insurance
- PetPace
- VioVet
- Felcana
- Nexvet
- Heska
Market Segmentations
By Solution
- Hardware
- Software & Services
By Application
- Diagnostics
- Identification, Tracking, and Monitoring
- Others
By Animal Type
- Companion Animals
- Production Animals
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
By Solution
- Hardware
- Software & Services
By Application
- Diagnostics
- Identification, Tracking, and Monitoring
- Others
By Animal Type
- Companion Animals
- Production Animals
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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