The North America Artificial Intelligence (AI) In Animal Health Market should witness market growth of 17.3% CAGR during the forecast period (2023-2030).
Due to the ongoing use of advanced technology in veterinary care, the market is anticipated to have stable revenue growth over the forecast period. Achieving better animal health outcomes is made possible by AI-driven systems that provide accurate diagnoses, individualized treatment regimens, and predictive analytics. Farms, research facilities, and veterinary clinics are embracing AI to increase animal comfort and optimize productivity.
AI-powered products and services are expanding quickly, altering how diseases are identified and treated. Public and private stakeholders promote AI programs in animal health, encouraging compliance with moral and legal standards. This is anticipated to assist this market's revenue growth.
In veterinary hospitals and clinics, AI in animal health is frequently used. This is because veterinary hospitals and clinics increasingly adopt AI technologies to improve their diagnostic capabilities, treatment planning, and care for companion animals and livestock. Diagnostics, predictive analytics, drug development, and individualized treatment plans are some of the numerous applications of AI in animal health that are essential for veterinary clinics and hospitals in delivering cutting-edge and effective treatment to animals.
Due to factors including expanding pet adoption and increasing disposable income on veterinary care for animals in the region. The main driver of the market's expansion has been identified as the increase in the occurrence of numerous animal diseases and injuries. According to the USDA, beef production in Mexico is expected to increase slightly in 2023. The overall slaughter of cattle is anticipated to rise as the number of herds increases. The number of people owning pets and livestock has increased, and people are now more aware of the health of these animals. Therefore, the market is projected to grow considerably over the forecast period in North America due to the growing awareness of and spending on animal health.
The US market dominated the North America Artificial Intelligence (AI) In Animal Health Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $917.1 million by 2030. The Canada market is poised to grow at a CAGR of 20% during (2023-2030). Additionally, The Mexico market would showcase a CAGR of 18.9% during (2023-2030).
Based on Animal type, the market is segmented into Companion Animal, and Production Animals. Based on Solutions, the market is segmented into Hardware, and Software & Services. Based on Application, the market is segmented into Diagnostics, Identification, Tracking, & Monitoring, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zoetis, Inc., Merck & Co., Inc., Heska Corporation (Antech Diagnostics, Inc), SignalPET, LLC, VetCT Specialists Limited, Veterinary Imaging Center of San Diego, Inc (Vetology), OneCup AI, Petriage, ImpriMed, Inc., and IDEXX Laboratories, Inc.
Due to the ongoing use of advanced technology in veterinary care, the market is anticipated to have stable revenue growth over the forecast period. Achieving better animal health outcomes is made possible by AI-driven systems that provide accurate diagnoses, individualized treatment regimens, and predictive analytics. Farms, research facilities, and veterinary clinics are embracing AI to increase animal comfort and optimize productivity.
AI-powered products and services are expanding quickly, altering how diseases are identified and treated. Public and private stakeholders promote AI programs in animal health, encouraging compliance with moral and legal standards. This is anticipated to assist this market's revenue growth.
In veterinary hospitals and clinics, AI in animal health is frequently used. This is because veterinary hospitals and clinics increasingly adopt AI technologies to improve their diagnostic capabilities, treatment planning, and care for companion animals and livestock. Diagnostics, predictive analytics, drug development, and individualized treatment plans are some of the numerous applications of AI in animal health that are essential for veterinary clinics and hospitals in delivering cutting-edge and effective treatment to animals.
Due to factors including expanding pet adoption and increasing disposable income on veterinary care for animals in the region. The main driver of the market's expansion has been identified as the increase in the occurrence of numerous animal diseases and injuries. According to the USDA, beef production in Mexico is expected to increase slightly in 2023. The overall slaughter of cattle is anticipated to rise as the number of herds increases. The number of people owning pets and livestock has increased, and people are now more aware of the health of these animals. Therefore, the market is projected to grow considerably over the forecast period in North America due to the growing awareness of and spending on animal health.
The US market dominated the North America Artificial Intelligence (AI) In Animal Health Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $917.1 million by 2030. The Canada market is poised to grow at a CAGR of 20% during (2023-2030). Additionally, The Mexico market would showcase a CAGR of 18.9% during (2023-2030).
Based on Animal type, the market is segmented into Companion Animal, and Production Animals. Based on Solutions, the market is segmented into Hardware, and Software & Services. Based on Application, the market is segmented into Diagnostics, Identification, Tracking, & Monitoring, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zoetis, Inc., Merck & Co., Inc., Heska Corporation (Antech Diagnostics, Inc), SignalPET, LLC, VetCT Specialists Limited, Veterinary Imaging Center of San Diego, Inc (Vetology), OneCup AI, Petriage, ImpriMed, Inc., and IDEXX Laboratories, Inc.
Scope of the Study
By Animal type
- Companion Animal
- Production Animals
By Solutions
- Hardware
- Software & Services
By Application
- Diagnostics
- Identification, Tracking, & Monitoring
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Zoetis, Inc.
- Merck & Co., Inc.
- Heska Corporation (Antech Diagnostics, Inc)
- SignalPET, LLC
- VetCT Specialists Limited
- Veterinary Imaging Center of San Diego, Inc (Vetology)
- OneCup AI
- Petriage
- ImpriMed, Inc.
- IDEXX Laboratories, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. North America Artificial Intelligence (AI) In Animal Health Market by Animal type
Chapter 6. North America Artificial Intelligence (AI) In Animal Health Market by Solutions
Chapter 7. North America Artificial Intelligence (AI) In Animal Health Market by Application
Chapter 8. North America Artificial Intelligence (AI) In Animal Health Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Zoetis, Inc.
- Merck & Co., Inc.
- Heska Corporation (Antech Diagnostics, Inc)
- SignalPET, LLC
- VetCT Specialists Limited
- Veterinary Imaging Center of San Diego, Inc (Vetology)
- OneCup AI
- Petriage
- ImpriMed, Inc.
- IDEXX Laboratories, Inc.
Methodology
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