Companion Animal Digital Technology Market worth $8.03 Billion by 2030

Jersey City, New Jersey, February 17, 2022 / PRNewswire / – InsightAce Analytic Pvt. Ltd Announces Market Assessment Report »Global market for digital companion technologies for animals by type of service (telemedicine, telehealth, reminder apps, trackers, wearables and platforms), trends, industry competition analysis, COVID-19 impact analysis, revenue and forecast for 2030. ” shows a detailed analysis of the market and an extensive study of current trends, exploring its essential factors.

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According to the latest market research report, the global digital technology market for companion animals is valued 1425.35 million US dollars in 2021, and is expected to reach 8037.85 million US dollars by 2030 with a CAGR of 21.91% over the forecast period 2022-2030.

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Companion animals, such as dogs and cats, are kept for the safety of a person, place of residence or business. These animals help maintain a safe atmosphere. Most people value these animals because they give them a sense of belonging and companionship. Recently, digital technologies such as telehealth, biosensors and wearable technologies have become increasingly important for animal health management. The advent of such digital technologies along with advances in the Internet of Things (IoT) paradigm has made it possible to monitor companion animals quickly and in real time.

The development of the global market for digital technologies for companion animals may be due to various factors, such as the rapid introduction of digital technologies, the high prevalence of zoonotic diseases and chronic animal diseases, the growing need to maintain the health of companion animals. It is projected that increasing the preferences of pet owners over telemedicine services, rising pet health care costs will also quickly lead to market growth over the forecast period. In addition to this, the growth of public funding to improve animal health technologies, the growing number of pet owners worldwide, and the development of veterinary health information systems are further accelerating market growth. Due to the limitations of the Covid-19 outbreak, pet owners prefer access to virtual care services, thereby increasing demand in the digital technology market for companion animals. However, the high cost of services and lack of awareness of new digital technology for animals are expected to hamper market growth in the future.

Regionally, North America according to forecasts, will be recorded the fastest growth in the estimated period of time followed Asia-Pacific region due to the rapid introduction of digital technologies, the increase in the number of pet owners and the growth of government support for the prevention of animal diseases.

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Among the major players working in the digital technology market for companion animals AVID Identification Systems (USA), Datamars, Inc. (Switzerland), EIDAP Inc. (Canada), Findster (USA), FitBark (USA), Gibi Technologies (USA), Link AKC (USA), Loc8tor (UK), Mark Paula (USA), Microchip4Solutions Inc. (Canada), Nuzzle (USA), PawPrint (UK), Pethealth Inc. (Canada), PetPace (USA), PetSafe (USA), Sure Petcare (SureFlap Ltd) (UK), TraactiveAustria), Trovan, Ltd. (Isle of Man), Whistle (Tagg) (USA), WUF (USA), Fuzzy – The Pet Parent Company (USA), 11 PETS LTD. (Spain), DogLog (USA), Intervet Inc. (Merck & Co.) (USA), Pawprint Inc. (UK), PetCare (US), PetDesk (US), V2P2 LLC (US), VetCheck (Australia), Virtual Recall (UK), VitusVet (USA), Dogstar Life (USA), Dogtra (USA), EYENIMAL (USA), Felcana (UK), FitBark (USA), Garmin International, Inc. (USA), GoPro (Fetch) (USA), Petriage (USA), i4C Innovations (India), INUPATHY, Inc. (Japan), Kyon (Greece), MilklineItaly), PetPace (USA), Pitpatpet Ltd. (UK), Scollar, Inc. (USA), TekVet Technologies Co. (USA), Traactive (Austria), Whistle Labs (USA), among others.

Main market events:

  • У January 2022, Petriage, a pet health technology company, has announced a partnership with Link Smart Pet Wearable of Smart Tracking Technologies, LLC. Under this agreement, Petriage intends to integrate pet health information in real time from its artificial intelligence-based symptom analysis tool into the brand new Link Smart Pet Wearable gadget from Smart Tracking Technologies.

  • У September 2021, PetSafe (USA), the world leader in pet solutions, has been awarded two independent innovative pet awards in 2021 for two PetSafe products. 1. ScoopFree Smart self-cleaning trash can. 2. Laser toy for cats Dancing Dot.

  • У March 2021, Fuzzy- The Pet Parent Company got fresh $ 18 million Series B funding round. The company plans to democratize access to pet care through pet parent training and virtual care alternatives. Fuzzy will use the new funding to expand its product offerings and increase staff over the coming months.

  • У May 2020, Mars Petcare has launched the digital ‘Pet Health Pal’, a new free digital educational tool that runs on Facebook messenger and WhatsApp chat bot to support pet health and well-being.

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Market segments

Global Companion Animal Digital Technology Market, by Type of service2019-2030 (cost million USD)

  • Telemedicine

  • Telehealth

  • Reminder apps

  • Trackers

  • Wearable devices

  • Market Places platform

Global Companion Animal Digital Technology Market, by Animal type2019-2030 (cost million USD)

Global Companion Animal Digital Technology Market, by Region2019-2030 (cost million USD)

  • North America

  • Europe

  • Asia-Pacific region

  • Latin America

  • the Middle East & Africa

The digital technology market for the North American companion animal, from Country2019-2030 (cost million USD)

Europe’s digital companion animal market, by Country2019-2030 (cost million USD)

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • The rest of the Europe

Digital market of the Asia-Pacific companion for animals, by Country2019-2030 (cost million USD)

  • India

  • China

  • Japan

  • South Korea

  • Australia & New Zealand

Digital Technology Market for Companion Animals in Latin America, by Country2019-2030 (cost million USD)

  • Brazil

  • Mexico

  • The rest of the Latin America

the Middle East & Africa Companion Animal Digital Technology Market, by Country2019-2030 (cost million USD)

Why buy this report:

  • To analyze the detailed perspectives of the global digital technology market for companion animals

  • To get an overview of the industry and future digital market trends for companion animals

  • To analyze drivers and market issues of digital companion technologies for animals

  • To obtain information on the forecast of the market value of digital technologies for companion animals (million US dollars) by 2030

  • Significant investments, mergers and acquisitions in the digital technology industry for companion animals

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Other related reports published by InsightAce Analytic:

The global market for digital veterinary technology

World market for animal microbiome

A global sustainable market for animal feed

The global CBD pet market

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InsightAce Analytic is a market research and consulting company that enables customers to make strategic decisions. Our qualitative and quantitative market analysis solutions inform us of the need for market and competitive intelligence to expand our business. We help customers gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is to provide syndicated and custom market analytics reports with in-depth analysis with key market benchmarks in a timely and cost-effective manner.

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