The Global Veterinary Digital Technology Market size was valued at US$ 5,067.6 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 21.6% from 2022 to 2030. The rapid development of digital technology, in past few years, allowed a revolution in overall veterinary industry, including development of Telemedicine, Telehealth, monitoring devices, digital cameras and animal production field’s involvement. Digital technology in the veterinary industry offers a comprehensive system for different types of care settings along with custom features such as tracking and identification, behavior monitoring, and veterinary diagnosis. In the veterinary industry, technological improvement continues to develop the level of care, affordability and accessibility have allowed more widespread integration into smaller practices, including diagnostic imaging.
The growth is driven by the increasing application of Veterinary Digital Technology in growing animal health expenditure along with a rising number of veterinary practitioners in developed regions and development in the companion animal sector. Rapidly increasing demand for ensuring animal safety, security & medical diagnosis, and treatment in livestock is further likely to boost the market growth. Integration of digital technology is also projected to have a momentous impact on the animal healthcare industry during the forecast period. The market is growing rapidly, driven by the rising application of Veterinary digital technology in tracking and identifying, monitoring behavior, diagnosing medical concerns.
The Global Veterinary Digital Technology market is categorized on the basis of product, end-user, and region. On the basis of product type, the market is segmented into Companion Animal Digital Technology and Livestock/Production Animal Digital Technology. Companion Animal Digital Technology is further categorized into Telemedicine, Telehealth, reminder applications, trackers, wearables, and platform marketplaces. Livestock/Production Animal Digital Technology is further categorized into monitoring devices, identification devices, trackers, wearables, remote sensors, digital cameras, microphones, and environmental sensors. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among all, North America is expected to dominate the market during the analysis of the forecast period.
The key players of this market include Metamorphosis Partners, Advanced Animal Diagnostics, Inc., Babel Bark, Inc., SwineTech, Inc., inulogica, whiskerDocs, LLC, Fuzzy Pet Health, Quantified Ag, Pathway Vet Alliance, Anipanion, Linkyvet, TeleVet, Petriage, Inc., TeleTails, VetNOW, Airvet, Pawz Limited, Oncura Partners, PetPro Connect, VETOCLOCK, and VetCT.
