The artificial intelligence (AI) in animal health market size is poised to grow by USD 5.76 billion by 2032 from USD 0.99 billion in 2022, exhibiting a CAGR of 19.30% during the forecast period 2023-2032.
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.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Artificial intelligence (AI) in animal health market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Artificial intelligence (AI) in animal health Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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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 |
Read More: Acetone Market Size To Gain USD 10.55 Bn by 2032
The empirical study on the global Artificial intelligence (AI) in animal health market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Artificial intelligence (AI) in animal health Market. Our market report for the Artificial intelligence (AI) in animal health market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Top Key Players:
- Zoetis
- IDEXX Laboratories
- IBM
- Microsoft
- Antelliq Corporation
- VCA Animal Hospitals
- AniCura
- Mindray
- Evidensia
- Agria Pet Insurance
- PetPace
- VioVet
- Felcana
- Nexvet
- Heska
Data Sources and Methodology
To gather comprehensive insights on the Global Artificial intelligence (AI) in animal health Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Artificial intelligence (AI) in animal health Market.
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- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
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
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Artificial intelligence (AI) in animal health market.
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- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Artificial intelligence (AI) in animal health market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Artificial Intelligence (AI) In Animal Health Market
5.1. COVID-19 Landscape: Artificial Intelligence (AI) In Animal Health Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Artificial Intelligence (AI) In Animal Health Market, By Solution
8.1. Artificial Intelligence (AI) In Animal Health Market, by Solution, 2023-2032
8.1.1 Hardware
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Software & Services
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Artificial Intelligence (AI) In Animal Health Market, By Application
9.1. Artificial Intelligence (AI) In Animal Health Market, by Application, 2023-2032
9.1.1. Diagnostics
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Identification, Tracking, and Monitoring
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Artificial Intelligence (AI) In Animal Health Market, By Animal Type
10.1. Artificial Intelligence (AI) In Animal Health Market, by Animal Type, 2023-2032
10.1.1. Companion Animals
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Production Animals
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Artificial Intelligence (AI) In Animal Health Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Solution (2020-2032)
11.1.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Solution (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Solution (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Solution (2020-2032)
11.2.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Solution (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Solution (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Solution (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Solution (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Solution (2020-2032)
11.3.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Solution (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Solution (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Solution (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Solution (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Solution (2020-2032)
11.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Solution (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Solution (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Solution (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Solution (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Solution (2020-2032)
11.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Solution (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Forecast, by Animal Type (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Solution (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Forecast, by Animal Type (2020-2032)
Chapter 12. Company Profiles
12.1. Zoetis
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. IDEXX Laboratories
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. IBM
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Microsoft
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Antelliq Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. VCA Animal Hospitals
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. AniCura
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Mindray
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Evidensia
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Agria Pet Insurance
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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