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(Hosting-NewsWire.com, March 08, 2025 ) The Companion Animal Digital Technology Market Size is valued at USD 1,974.56 Million in 2023 and is predicted to reach USD 8,579.24 Million by the year 2031 at a 20.1 % CAGR during the forecast period for 2024-2031.
Global Companion Animal Digital Technology Market 2025-2034 full Research Repot latest version is now available.
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global companion animal digital technology market are:
Growing animal ownership
Rising disposable income
Technological advancements
The following are the primary obstacles to the companion animal digital technology market's expansion:
High cost of technology
Strict regulatory compliance
Limited awareness and rising data privacy issues
Future expansion opportunities for the global companion animal digital technology market include:
Increasing the number of animal-related online marketplaces
Growing health and wellness awareness
Rising demand for sustainable pet care products
Key Industry Insights & Findings from the Report:
The companion animal digital technology industry is rising due to growing awareness regarding animal diseases and rising disposable income.
The market for companion animal digital technology is driven by rising needs for animal disease prevention, increasing pet ownership, technological advancements, and growing health awareness.
North America dominated the market and accounted for a revenue share of global revenue in 2023.
One of the significant concerns restraining industry growth is the high cost of technology and strict regulations.
Market Analysis:
Companion animal digital technology is in high demand because animal owners place a greater emphasis on the convenience, health, and well-being of their animals. Moreover, smart feeding systems, telemedicine services, and wearable health trackers are examples of innovations that offer individualized care, real-time monitoring, and user-friendliness.
Furthermore, rising disposable incomes and the growing trend of pet humanization are driving demand for cutting-edge, tech-driven solutions that improve the entire animal care experience.
List of Prominent Players in the Companion Animal Digital Technology Market:
AVID Identification Systems
Datamars, Inc.
EIDAP Inc.
Findster
FitBark
Gibi Technologies
Link AKC
Loc8tor
Marco Polo
Microchip4Solutions Inc.
Nuzzle
PawPrint
Pethealth Inc.
PetPace
PetSafe
Sure Petcare (SureFlap Ltd)
Tractive
Trovan, Ltd.
Whistle (Tagg)
WUF
11 PETS LTD.
DogLog
Intervet Inc. (Merck & Co.)
Pawprint Inc.
PetCare
PetDesk
V2P2 LLC
VetCheck
Virtual Recall
VitusVet
Dogstar Life
Dogtra
EYENIMAL
Felcana
FitBark
Garmin International, Inc.
GoPro (Fetch)
I4C Innovations
INUPATHY, Inc.
Kyon
Milkline
PetPace
Pitpatpet Ltd.
Scollar, Inc.
TekVet Technologies Co.
Tractive
Whistle Labs
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Recent Developments:
In January 2025, Datamars, a world leader in intelligent animal management solutions, purchased Pulse NeedleFree Systems, Inc. This trailblazing business specializes in needle-free injection technology for the animal health sector.
In February 2025, S&P Global Animal Health named the injectable formulation of BRAVECTOฎ the 2024 Best New Companion Animal Product. This announcement was made by Merck Animal Health, a division of Merck & Co., Inc., Rahway, N.J., USA. It provides more flea and tick protection than any other systemic treatment presently available. It is the first and only parasiticide that can protect dogs against fleas and ticks for a whole year with a single dose.
In January 2025, FitBark and Elanco are pleased to announce a partnership. Elanco is a world leader in creating and promoting cutting-edge products that improve the health of companion animals. Due to the partnership, FitBark and Galliprant (grapiprant tablets) are combined in a few U.S. veterinary clinics.
Companion Animal Digital Technology Market Dynamics:
Market Drivers: Rising Disposable Income
The market for companion animal digital technology is being driven by rising disposable income as animal owners become more prepared to spend money on high-end goods and services for their animals.
Additionally, consumers with more disposable income are embracing cutting-edge animal care innovations such as automated feeding systems, wearable, and health monitoring gadgets. Moreover, this pattern supports the markets expansion by reflecting a rising need for creative solutions that enhance animal convenience, health, and well-being.
Challenges: High Cost of Technology
The high cost of technology is challenging the market for digital technology for companion animals. Many cutting-edge products and services, like wearable, smart collars, and health trackers, are out of reach for pet owners on a tight budget.
Moreover, this prevents broad acceptance, particularly in developing nations or among consumers hesitant to spend money on high-end animal care items. Affordability is, therefore, still a major obstacle to market expansion.
North America Is Expected To Grow With The Highest CAGR During The Forecast Period
The North American companion animal digital technology market is likely to register a significant revenue share and develop at a rapid CAGR in the near future. This is a result of the prevalence of animal ownership, rising disposable income, and rising pet health awareness.
Market expansion is further accelerated by the regions robust technology infrastructure and significant demand for cutting-edge pet care products, including wearable, health monitoring equipment, and telemedicine services. Additionally, the industry is growing because pet owners are willing to spend money on high-end goods is also driving the region's growth.
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Segmentation of Companion Animal Digital Technology Market-
By Service Type-
Telemedicine
Telehealth
Reminder applications
Trackers
Wearables
Platform Market Places
By Technology-
Dogs
Equine
Cats
Others
By Region-
North America-
The US
Canada
Mexico
Europe-
Germany
The UK
France
Italy
Spain
Rest of Europe
Asia-Pacific-
China
Japan
India
South Korea
South East Asia
Rest of Asia Pacific
Latin America-
Brazil
Argentina
Rest of Latin America
Middle East & Africa-
GCC Countries
South Africa
Rest of Middle East and Africa
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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info@insightaceanalytic.com
Insight Ace Analytics
Diana Dsouza
+1 551 226 6109
diana.dsouza@insightaceanalytics.com
Source: EmailWire.Com 
Source: EmailWire.com
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