Global Wearable Sensors for Animal Health Management Market Overview:
Wearable sensors for animals are integrated into wearable objects or directly within the body to help monitor health and provide clinically relevant data for care. It helps to track any diseases or symptoms in the body. These devices, if built precisely and used correctly, can provide timely diagnosis of diseases in animals, eventually decreasing economic losses. Moreover, these devices are particularly useful for dairy cattle and poultry farms. The use of biosensors and wearable technologies is becoming increasingly important for animal health management.
As per latest study released by AMA Research, the Global Wearable Sensors for Animal Health Management market is expected to see growth rate of 12.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Attachment of People with Pets
Market Growth Drivers:
Rising Adoption and Need to Diagnose Diseases in Animals and Rising Need of Proper Health Monitoring of Animals
Challenges:
Lack of Awareness Among the People
Restraints:
High Costs Associated with the Sensors and Devices
Opportunities:
Increasing Government Initiatives for Animal Health Management and Increased Consumption of Meat
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are PetPace (United States), Felcana (United Kingdom), TekVet Technologies (United States), Inovotec Animal Care (United States), Zoetis (United States), Vital Herd (United States), Cainthus (United States), Voyce Health (United States), Sol Chip (Israel) and Connecterra (United States). Additionally, following companies can also be profiled that are part of our coverage like AGL Technology (United States), Telit (United Kingdom) and Monnit Corp (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Wearable Sensors for Animal Health Management market by 2030. Considering Market by End users, the sub-segment i.e. Veterinary Hospitals will boost the Wearable Sensors for Animal Health Management market. Considering Market by Animal type, the sub-segment i.e. Companion Animals will boost the Wearable Sensors for Animal Health Management market.
Latest Market Insights:
In July 2023, IDEX Health & Science and Elanco Animal Health partnered to develop and commercialize new digital health solutions for companion animals, leveraging IDEX's sensor technology and Elanco's veterinary expertise.
In October 2023, IDEX Health & Science unveiled its "SmartDairy Cow Collar". This collar collects comprehensive health and activity data, helping dairy farmers improve cow welfare and productivity.
What Can be Explored with the Wearable Sensors for Animal Health Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Wearable Sensors for Animal Health Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Wearable Sensors for Animal Health Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wearable Sensors for Animal Health Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wearable Sensors for Animal Health Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw material suppliers, Government associations, Research organisations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.