Next-Gen Artificial Intelligence (AI) In Animal Health : Market Forecast, Transformation, and Long-Term Trajectories
Discover trends, market shifts, and competitive outlooks for the artificial intelligence (ai) in animal health industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What is the Projected CAGR for the Artificial Intelligence (AI) In Animal Health Market Size from 2025 to 2034?
In recent years, there has been a swift expansion in the market size of Artificial Intelligence (AI) in the field of animal health. The market, which is worth $1.45 billion in 2024, is projected to increase to $1.74 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 19.8%. The significant growth experienced during the historic period is due to factors such as the rise in AI applications, the availability of AI-centered solutions, major initiatives taken by key companies, increased spending on animals, and the inclusion of AI in veterinary diagnostics.
Expectations are set for the artificial intelligence (AI) in the animal health market size to witness substantial expansion in the coming years. The market size is predicted to escalate to $3.57 billion in 2029, increasing at a compound annual growth rate (CAGR) of 19.7%. The growth during the projected period can be attributed to the precision management in livestock and veterinary healthcare, innovative solutions backed up by data-informed insights, early detection of diseases and identification of anomalies through remote monitoring and diagnosis, as well as an emphasis on proactive healthcare and custom-tailored medicine. Key trends in the forecast period include advancements in veterinary diagnostics, the growing acceptance of AI technologies, improved disease detection and monitoring, and an increasing focus on animal welfare and conservation.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Artificial Intelligence (AI) In Animal Health Market?
The upswing in spending on animal health is predicted to spur the expansion of the artificial intelligence (AI) in animal health market. This type of spending refers to the comprehensive sum directed towards preservation and enhancement of animal well-being. Rising investment in animal health is attributed to growing awareness, the escalating trend of treating pets as family members, and the need for sophisticated veterinary care services, inclusive of ground-breaking technologies like artificial intelligence. Pet owners with larger disposable income can avail of AI-backed telehealth services and remote supervision solutions, enabling consistent supervision of their pets’ health and online veterinary consultations. For instance, data from the American Pet Products Association disclosed that Americans splurged $136.8 billion on pet health in 2022, marking a 10.68% surge from the preceding year’s $123.6 billion. Furthermore, veterinary care services accounted for $35.9 billion of this total. Hence, the surge in animal health expenditure is fuelling the expansion of the artificial intelligence (AI) in the animal health market.
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 Areas Are Leading Regions in the Artificial Intelligence (AI) In Animal Health Market Expansion Across the Globe?
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.
What Are the Key Market Trends in the Artificial Intelligence (AI) In Animal Health Market Over the Coming Years?
Prominent firms in the AI animal health market are innovating with advanced technologies like AI-based cattle feed solutions to optimize livestock nutrition and farming operations. This tech aims to increase the overall effectiveness of livestock agriculture by customizing feeding schedules to meet the unique needs of each animal or group, factoring in criteria like animal age, weight, health, and dietary needs. For instance, in January 2024, Precision Livestock Technologies, a U.S. company specializing in livestock feeding and health software as well as hardware, launched the inaugural system using AI to anticipate cattle food intake and provide feeding recommendations. The system creates daily comprehensive feeding forecasts using a wide array of data collected from PLT’s machine vision bunk management system and auxiliary data sources. The system considers variables such as feeding pace, feeding times, feeding cycles, cattle behavior, ration type, climatic conditions, and many more.
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How Is the Artificial Intelligence (AI) In Animal Health Market Conceptually Defined?
Artificial intelligence (AI) in animal health refers to the application of advanced computational techniques to analyze, interpret, and improve various aspects of animal healthcare. This involves the use of algorithms, machine learning, and data analytics to process large sets of data related to animal health and well-being.
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