Global Companion Animal Digital Technology Market

Report ID : 1203 | Published : 2022-03-25 | Pages: | Format:

The global Companion Animal Digital Technology market size was accounted at USD 1425.35 Mn in 2021; It is projected to grow at a compound annual growth rate (CAGR) of 21.91% from 2022 to 2030. Companion animals aid in providing companionship to human beings. Also, guard their homes, land, and offices, and this increases the need for helping the animals to have better health. Digital technologies for companion animal health is a growing industry that is rapidly gaining traction in the worldwide market. These technologies have made it easier to forecast, prevent, diagnose, and treat animal illness more correctly, swiftly, and safely. For instance, in 2020, Whistle Labs has released Whistle FIT, a new product aimed exclusively towards pet health and fitness. Whistle FIT is a preventative healthcare tool for dogs that uses its wellness programme. It offers clients a simple and totally tailored experience for managing pet care by tracking a pet's essential health habits, food intake, and activity.

The key driving factors of the companion animal digital technology market include the rise in the adoption of artificial intelligence, increasing prevalence of animal diseases, increasing number of pets. The market growth is also attributed to growing awareness regarding animal diseases, growing pet owners preference to access virtual care, rising technological advancements. Moreover, surging government funding towards technological advancement along with requirement to maintain the health of companion animals is further projected to show significant growth during the forecast period. Key players in the market focus on product launches estimated to drive the market growth over the forecast period. For instance, in March 2021, Practo, a leading integrated healthcare company in India, launched a veterinary telemedicine service on its platform.

However, the poor accessibility to telehealth services in developing countries, the high cost of digital veterinary services, and the limited knowledge about the advanced healthcare services for animals are expected to inhibit market adoption over the forecast years.

The companion animal digital technology market is segmented based on the type of service, animal type, and region. By type of service, the market is categorized into telemedicine, telehealth, reminder applications, trackers, wearables, and platform marketplaces. The telehealth segment is projected to dominate this market during the forecast years due to the increasing demand for telehealth services. The animal type segment is grouped into dogs, equine, cats, and others. Geographically, the market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

North America is expected to hold the maximum share of this market during the forecast period (2019-2030) due to the surging prevalence of animal diseases, an increasing number of pet owners, and the high demand for veterinary telehealth services.  

Some of the key players operating in the companion animal digital technology market are AVID Identification Systems (US), Datamars, Inc. (Switzerland), EIDAP Inc. (Canada), Findster (US), FitBark (US), Gibi Technologies (US), Link AKC (US), Loc8tor (UK), Marco Polo (US), Microchip4Solutions Inc. (Canada), Nuzzle (US), PawPrint (UK), Pethealth Inc. (Canada), PetPace (US), PetSafe (US), Sure Petcare (SureFlap Ltd) (UK), Tractive (Austria), Trovan, Ltd. (Isle of Man), Whistle (Tagg) (US), WUF (US), 11 PETS LTD. (Spain), DogLog (US), Intervet Inc. (Merck & Co.) (US), Pawprint Inc. (UK), PetCare (US), PetDesk (US), V2P2 LLC (US), VetCheck (Australia), Virtual Recall (UK), VitusVet (US), Dogstar Life (US), Dogtra (US), EYENIMAL (US), Felcana (UK), FitBark (US), Garmin International, Inc. (US), GoPro (Fetch) (US), i4C Innovations (India), INUPATHY, Inc. (Japan), Kyon (Greece), Milkline (Italy), PetPace (US), Pitpatpet Ltd. (UK), Scollar, Inc. (US), TekVet Technologies Co. (US), Tractive (Austria), Whistle Labs (US), and others.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Companion Animal Digital Technology Market Snapshot

Chapter 4. Global Companion Animal Digital Technology Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Route of Administration, Estimates & Trend Analysis

5.1. By Service Types, & Market Share, 2019 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 for the following By Service Types:

5.2.1. Telemedicine

5.2.2. Telehealth

5.2.3. Reminder applications

5.2.4. Trackers

5.2.5. Wearables

5.2.6. Platform Market Places

Chapter 6. Market Segmentation 2: By Technology Estimates & Trend Analysis

6.1. By Animal Types & Market Share, 2019& 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 for the following By Animal Types

6.2.1. Dogs

6.2.2. Equine

6.2.3. Cats

6.2.4. Other Animal Types

Chapter 7. Companion Animal Digital Technology Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Companion Animal Digital Technology Market revenue (US$ Million) estimates and forecasts By Service Types, 2019-2030

7.1.2. North America Companion Animal Digital Technology Market revenue (US$ Million) estimates and forecasts By Animal Types, 2019-2030

7.1.3. North America Companion Animal Digital Technology Market revenue (US$ Million) by country, 2019-2030

7.2. Europe

7.2.1. Europe Companion Animal Digital Technology Market revenue (US$ Million) By Service Types, 2019-2030

7.2.2. Europe Companion Animal Digital Technology Market revenue (US$ Million) By Animal Types, 2019-2030

7.2.3. Europe Companion Animal Digital Technology Market revenue (US$ Million) by country, 2019-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Companion Animal Digital Technology Market revenue (US$ Million) By Service Types, 2019-2030

7.3.2. Asia Pacific Companion Animal Digital Technology Market revenue (US$ Million) By Animal Types, 2019-2030

7.3.3. Asia Pacific Companion Animal Digital Technology Market revenue (US$ Million) by country, 2019-2030

7.4. Latin America

7.4.1. Latin America Companion Animal Digital Technology Market revenue (US$ Million) By Service Types, (US$ Million) 2019-2030

7.4.2. Latin America Companion Animal Digital Technology Market revenue (US$ Million) By Animal Types, (US$ Million) 2019-2030

7.4.3. Latin America Companion Animal Digital Technology Market revenue (US$ Million) by country, 2019-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Companion Animal Digital Technology Market revenue (US$ Million) By Service Types, (US$ Million) 2019-2030

7.5.2. Middle East & Africa Companion Animal Digital Technology Market revenue (US$ Million) By Animal Types, (US$ Million) 2019-2030

7.5.3. Middle East & Africa Companion Animal Digital Technology Market revenue (US$ Million) by country, 2019-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. AVID Identification Systems

8.2.2. Datamars, Inc.

8.2.3. EIDAP Inc.

8.2.4. Findster

8.2.5. FitBark

8.2.6. Gibi Technologies

8.2.7. Link AKC

8.2.8. Loc8tor

8.2.9. Marco Polo

8.2.10. Microchip4Solutions Inc.

8.2.11. Nuzzle

8.2.12. PawPrint

8.2.13. Pethealth Inc.

8.2.14. PetPace

8.2.15. PetSafe

8.2.16. Squeaker Buddy

8.2.17. Sure Petcare (SureFlap Ltd)

8.2.18. Tractive

8.2.19. Trovan, Ltd.

8.2.20. Whistle (Tagg)

8.2.21. WUF

8.2.22. 11 PETS LTD.

8.2.23. DogLog

8.2.24. Intervet Inc. (Merck & Co.)

8.2.25. Pawprint Inc.

8.2.26. PetCare

8.2.27. Petriage

8.2.28. PetDesk

8.2.29. V2P2 LLC

8.2.30. VetCheck App

8.2.31. Vethical

8.2.32. Virtual Recall

8.2.33. VitusVet

8.2.34. Dogstar Life

8.2.35. Dogtra

8.2.36. EYENIMAL

8.2.37. Felcana

8.2.38. FitBark

8.2.39. Fuzzy – The Pet Parent Company

8.2.40. Garmin International, Inc.

8.2.41. GoPro (Fetch)

8.2.42. i4C Innovations

8.2.43. INUPATHY, Inc.

8.2.44. Kyon

8.2.45. Link AKC

8.2.46. Loc8tor Ltd.

8.2.47. Milkline

8.2.48. Motorola

8.2.49. NUM'AXES S.A.

8.2.50. PetPace

8.2.51. Pitpatpet Ltd.

8.2.52. Scollar, Inc.

8.2.53. TekVet Technologies Co.

8.2.54. Tractive

8.2.55. Whistle Labs

8.2.56. Other Prominent Players

Global Companion Animal Digital Technology Market, by Type of Service, 2019-2030 (Value US$ Mn)

  • Telemedicine
  • Telehealth
  • Reminder applications
  • Trackers
  • Wearables
  • Platform Market Places

Global Companion Animal Digital Technology Market, by Animal Type, 2019-2030 (Value US$ Mn)

  • Dogs
  • Equine
  • Cats
  • Others

Global Companion Animal Digital Technology Market, by Region, 2019-2030 (Value US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)

  • U.S.
  • Canada

Europe Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Companion Animal Digital Technology Market, by Country, 2019-2030 (Value US$ Mn)

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Landscape

  • Company Overview
  • Financial Performance
  • Key Development

Latest Strategic Developments

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Companion Animal Digital Technology Market worth $8.03 Billion by 2030

CAGR of 21.91% during a forecast period of 2022-2030.

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