The global artificial intelligence in Animal health market is projected to reach USD 3.76 billion by 2030, with a compound annual growth rate (CAGR) of 19.09% from 2023 to 2030. The growing demand for improved animal health outcomes, the digitalization of veterinary health, and advancements in technology are driving the market growth.

Artificial intelligence (AI) algorithms have proven to be highly accurate and efficient in analyzing medical images such as radiographs and scans. This leads to improved diagnostic capabilities, faster detection of abnormalities, and more accurate treatment planning. For example, IDEXX’s ProCyte One Hematology Analyzer and SediVue Dx Analyzer utilize AI to enhance veterinary diagnostics.

During the COVID-19 pandemic, the adoption of technology in veterinary medicine increased significantly. Telemedicine and remote monitoring became crucial in providing veterinary care during lockdowns and social distancing measures. AI-powered telemedicine platforms enabled remote consultations, triaging cases, and providing guidance to pet owners. However, the pandemic also posed financial and operational challenges for veterinary clinics and hospitals, limiting the integration and utilization of AI technologies.

AI has also been integrated with wearable devices and remote monitoring systems to enable continuous monitoring and early detection of health issues in animals. Real-time data from activity trackers and health sensors analyzed by AI algorithms allows veterinarians and pet owners to identify potential problems and intervene proactively. This integration provides convenience and actionable insights, leading to more effective care.

The market is segmented based on solutions, applications, animal types, and regions. In 2022, the hardware segment dominated the market, and the diagnostics segment held the largest share in terms of applications. Companion animals accounted for the largest share of the market by animal type. North America held the highest market share in 2022, while the Asia Pacific region is expected to experience the fastest growth.

Overall, the utilization of AI in animal health aims to enhance diagnostics, treatment planning, research, and overall animal care. By providing veterinary professionals with additional tools and insights, AI contributes to delivering better care to animals.

Sources:
– Research and Markets
– PR Newswire

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