Every year the huge number of animals dies due to improper diagnosis and unknown diseases. In this case, wearable sensors will offer timely and precise disease diagnosis in animals. Need to diagnose animals’ diseases and increasing adoption of wearable sensors are primary factors driving the growth of the veterinary market across the globe. In addition, the growing demand for meat is also one of the major factors expected to fuel the growth of this market. Likewise, government regulations about the proper animal health management are also the significant factors boosting factors responsible for the development of the veterinary wearable market. In addition, GPS devices and sophisticated technologies such as RFID are integrated with the smartphones that help farmers, veterinaries, as well as worldwide authorities to manage the animal health. However, the wearable devices are tagged with animals through harness attachment, color attachment or directly embedded in the animals to track and monitor its social activities. Furthermore, animal surveillance is a significant element as it is an essential part of the biosphere.
In recent years, RFID is one of the most employed technologies by the veterinarians which is also expected to grow the global veterinary wearable market. The huge popularity of veterinary wearable among pet owners and farmers to recognize animal health issues is also responsible for the growth of the market. However, it is being hugely used by wildlife authorities and forest to manage and protect endangered. In addition to this, GPS devices have increased huge attraction with the ability to generate boundaries for animal health. Thus, biosensors are embedded in animals to track their several health issues to perform diagnosis and treatment of ill animals. Geographically, North America is the most dominating country with the highest share of 45% and also accounted for one of the largest regional segment across the world. Growing increasing awareness of sophisticated technology and rapid growth in cattle breeding are some major factors fueling the global veterinary wearable market growth in the region. In addition to this, the domicile of leading providers such as FitBark Inc., Garmin International, Inc., and Whistle Labs, Inc., is contributing to the global veterinary wearable market growth across the North America region.
In addition, the European region with a market share of 30% is the second-highest market due to the growing demand for the dairy and meat industry and rising pet adoption across the region. In the same way, Asia Pacific also represents more than 10% of market share and it is anticipated to be one of the fastest-growing regions over the predicted period owing to the growing communicable animal diseases and the rapidly growing population of milch cattle. The integration of the Internet of Things into wearable devices is also playing a significant role in the growth of veterinary wearable worldwide. In addition, service providers are also integrating data analytics, wireless sensors, in-built digital apps, and Smartphone apps to help owners track and monitor the activities of their animal in a better manner.