The global Veterinary Digital Technology Market is valued at US$5.06 Billion in 2021 and is projected to reach US$17.9 Billion by 2028, growing at a CAGR of 21.6%.
— Insightace analysis
NEW JERSEY, NJ, USA, August 25, 2022 /EINPresswire.com/ — InsightAce Analytics Pvt. announces the publication of a market assessment report on the “Global Veterinary Digital Technology Market– by product type (digital pet technology (telemedicine, telehealth, reminder apps, trackers, wearables and marketplace platforms) and digital livestock/farm animal technology (monitoring devices, monitoring devices, identification, trackers, wearables, remote sensors, digital cameras, microphones, and environmental sensors)), trends, industry competition analysis, revenue and forecast to 2028.”
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According to the latest research from InsightAce Analytic, the Veterinary digital technology The market is valued at US$5.06 billion in 2021, and it is expected to reach US$17.9 billion by 2028, growing at a CAGR of 21.6% during a forecast period of 2020- 2028.
The rapid development of digital technology in recent years has transformed the veterinary industry. The emergence of telemedicine and telehealth, surveillance technology, digital cameras and the involvement of the animal agriculture sector are all part of this revolution. Digital technology is used in the veterinary industry to provide a complete system for different care environments and personalized services such as behavior monitoring, tracking and identification and veterinary diagnosis. Diagnostic imaging is an example of how the veterinary industry has benefited from technological improvements to improve the quality of care it provides at an affordable price and in a way that is easily accessible to a wider variety of practitioners.
Due to the ever-changing animal business around the world, the demand for veterinary digital technology is expected to increase significantly. Adoption and growth in demand of digital technologies used in animal care. Use digital technologies more frequently to continuously monitor animal health and expand the use of innovations in veterinary clinics to address health issues. Demand for the product in emerging countries is expected to be fueled by rising animal health spending, an increase in the number of veterinarians in developed regions and growth in the pet industry. In addition, over the last five years, a significant increase in animal health expenditure has been observed. Thus, the market is predicted to grow throughout the forecast period owing to the increasing adoption of various tracking and identification, medical problem diagnosis, behavior monitoring, safety and security devices .
Over the next few years, North America is expected to dominate the veterinary digital technology market. Due to the presence of well-established businesses, advanced healthcare IT infrastructure, and considerable purchasing power of pet owners, this market holds the highest revenue share. The demand for veterinary digital technology is expected to skyrocket due to the ever-changing animal industry in the region. Additionally, the Asia-Pacific veterinary digital technology market is expected to expand significantly over the projected period. It is expected that the demand for the product will increase in developing countries due to increased veterinary expenditures, an increase in the number of veterinarians in developed regions and the expansion of the pet industry. .
Major market players operating in the veterinary digital technology market include SwineTech, Inc., inulica, whiskerDocs, LLC, Fuzzy Pet Health, Quantified Ag, Metamorphosis Partners, Advanced Animal Diagnostics, Inc., Babel Bark, Inc., Pathway Vet Alliance, Anipanion, Linkyvet, TeleVet, Petriage, Inc., TeleTails, VetNOW, Airvet, Pawz Limited, Oncura Partners, PetPro Connect, VETOCLOCK and VetCT.
Recent collaborations and agreements on the market:
• In January 2020, Rapid Digital Cytology was introduced by IDEXX Laboratories. It facilitates digital connections between veterinarians around the world and accelerates turnaround time for cytology interpretation.
• In August 2019, to improve communication between veterinarians and pet owners, BabelBark integrated a two-way pet logging feature into its BabelVet, BizBark and BabelBark smartphone apps.
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Global Veterinary Digital Technology Market, by Product, 2020-2028 (Value in Million US$)
• Digital pet technology
o Reminder apps
o Platform marketplaces
• Digital technology for livestock/production animals
o Monitoring devices
o Identification devices
o Remote sensors
o Environmental sensors
Global Veterinary Digital Technology Market, by Region, 2020-2028 (Value in Million US$)
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
North America Veterinary Digital Technology Market, by Country, 2020-2028 (Value in Million US$)
European veterinary digital technology market, by country, 2020-2028 (value in million US$)
• Rest of Europe
Asia-Pacific Veterinary Digital Technology Market, by Country, 2020-2028 (Value in Million US$)
• South Korea
• Australia and New Zealand
Latin America Veterinary Digital Technology Market, by Country, 2020-2028 (Value in Million US$)
• Rest of Latin America
Middle East & Africa Veterinary Digital Technology Market, by Country, 2020-2028 (Value in Million US$)
• GCC countries
• South Africa
• Rest of the Middle East and Africa
Why buy this report:
Receive a comprehensive outlook analysis of the global Veterinary Digital Technology market
To receive an industry overview and future trends in the veterinary digital technology market
To analyze the veterinary digital technology market drivers and challenges
For information on Veterinary Digital Technology Market value (in Million US$) forecasted till 2028
Significant investments, mergers and acquisitions in the Veterinary Digital Technology Market industry
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