Key Insights into the Artificial Intelligence (AI) In Animal Health Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Artificial Intelligence (AI) In Animal Health Market?
The growth of artificial intelligence (AI) in animal health market is forecasted to be driven by the escalating spending on animal health. This term refers to the overall sum deployed for the upkeep and enhancement of animal health. The rising trend of pet humanization, increased awareness, and the need for superior veterinary care services including cutting-edge technology like AI are contributing to this surge in spending. Affluent pet owners are more inclined to opt for AI-enabled telehealth services and distant monitoring solutions, which offer real-time scrutiny over their pets’ health and online veterinarian consultations. For example, the American Pet Products Association highlighted that in June 2023, the expenditure on pet health by Americans reached $136.8 billion in 2022, marking a 10.68% escalation from the prior year’s figure of $123.6 billion. Veterinary care services constituted $35.9 billion of this expenditure. Hence, the increased spending on animal health is fueling the expansion of the artificial intelligence (AI) in animal health market.
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#What is the Projected CAGR for the Artificial Intelligence (AI) In Animal Health Market Size from 2025 to 2034?
The size of the artificial intelligence (AI) market in the animal health sector has seen a significant increase in recent years. Its expansion is set to continue as it rises from $1.45 billion in 2024 to $1.74 billion in the following year, 2025, with a compound annual growth rate (CAGR) of 19.8%. The growth witnessed in the historical period can be credited to the escalating application of AI, the provision of AI-centric solutions, endeavors by leading companies, increased spending on animal care, and the incorporation of AI within veterinary diagnostic methods.
The market for artificial intelligence (AI) in animal health is projected to experience swift expansion in the coming years, escalating to a size of $3.57 billion in 2029, showcasing a compound annual growth rate (CAGR) of approximately 19.7%. This anticipated growth during the forecast period is driven by factors such as the application of AI in precision handling of livestock and in veterinary healthcare, utility of AI-powered insights and innovative solutions, the advent of remote disease monitoring and diagnosis, early disease detection and anomaly pinpointing, as well as preemptive healthcare and individually tailored medicine. Key trends predicted for this forecast period incorporate developments in veterinary diagnostic techniques, a rise in the acceptance of AI technologies, improved disease detection and surveillance mechanisms, coupled with an increased focus on animal welfare and preservation.
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What Are the Key Market Innovations in theArtificial Intelligence (AI) In Animal Health Market Over the Coming Years?
Leading corporations in the AI animal health market are focused on innovation and development of modern technologies, for instance, AI solutions specifically designed for cattle feed recommendations. The goal is to optimize livestock nutrition and modernize farm management systems. Individualized feed strategies are prepared with consideration to various aspects such as animal age, weight, health, and nutritional needs. Precision Livestock Technologies, a renowned US-based company providing software and hardware solutions for livestock feeding and health, launched the first-ever system in January 2024. This system leverages artificial intelligence to predict cattle feed intake and formulate feeding recommendations. Using data from hundreds of sources gathered by PLT’s machine vision bunk management system and external information, the system makes daily feeding predictions. This comprehensive approach takes into account factors like feeding frequencies, timing, cycles, cattle behavior, ration type, weather conditions, and much more.
Who Are the Top Companies Driving Innovation and Growth in theArtificial Intelligence (AI) In Animal Health Market?
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.
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Which Key Market Segments Comprise the Artificial Intelligence (AI) In Animal Health Market and Drive Its Revenue Growth?
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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Which Regions Are Emerging as Leaders 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.
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