The Europe Artificial Intelligence (AI) In Animal Health Market would witness market growth of 17.9% CAGR during the forecast period (2023-2030).
Artificial intelligence (AI) has made significant progress in numerous industries, including healthcare, and has only recently begun to impact animal health. ML algorithms and other AI techniques to enhance veterinary care, animal welfare, and research are known as artificial intelligence (AI) in animal health. The monitoring and tracking of wildlife populations with artificial intelligence supports management and conservation strategies.
Researchers gathered information on endangered animals and their habitats using AI-enabled drones, camera traps, and other technologies. Better identification of patterns and predictive analysis for animal health were made feasible by rapid developments in machine learning techniques, especially deep learning. AI programs were becoming more advanced and able to process enormous amounts of data about animal health.
This market is predicted to expand in revenue due to advantages such as time savings, cost savings, and improved decision-making capabilities. As AI-driven solutions are highly effective at diagnosing complex conditions, forecasting disease outbreaks, and delivering targeted therapies that enhance overall animal care and agricultural productivity, many veterinarians are switching to them.
Most people in Europe own pets, regarded as their most beloved and cherished family members. The percentage of houses with at least one pet animal has increased, and people are spending an increasing income on their pets, improving the industry's revenue from pet food products. The pet care industry is still experiencing growth due to the rise in adoption rates and the humanization of animals. One of the main factors driving the expansion of the regional animal healthcare sector is the increased awareness of farm and companion animals' health and general welfare. Additionally, the expansion of some of the significant and enormous competitors in the market and technical advancements in animal diagnostic technologies for precise diagnostics are anticipated to fuel market expansion.
The Germany market dominated the Europe 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 $240.5 million by 2030. The UK market is anticipated to grow at a CAGR of 16.9% during (2023 - 2030). Additionally, The France market is expected to witness a CAGR of 18.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Artificial Intelligence (AI) In Animal Health Market is Projected to reach USD 3.6 Billion by 2030, at a CAGR of 18.1%
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.
By Animal type
By Solutions
By Application
By Country
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