Animal Health Technology Industry Analysis

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Animal health companies are increasingly adopting and developing digital technologies to monitor the health of pets and livestock. Technology such as wearables and sensors (combined with artificial intelligence) can provide early warning of disease, which in the case of farmers is invaluable if they want to prevent an outbreak among their livestock.

Key facts about the global animal health technology market

The largest acquisition in this space came when Merck Animal Health bought Antelliq for $2.4 billion.
The falling price of technology and sensors has helped the adoption of technology on farms.
Animal health companies are investing in technology and partnering with tech-focused organizations to work on apps and sensors.

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Key themes affecting the animal health technology market

The veterinary sector is witnessing an inundation of new digital technologies. However, this does not necessarily translate to an increase in uptake of these innovations. There is a need for improved connectivity and integration to help vets use digital technologies to directly have a positive impact on animal health. Telehealth, wearables, implantable devices, artificial intelligence and Big Data could potentially provide veterinary professionals with opportunities to improve the services they provide. These technologies may also allow vets to engage better with their clients and facilitate access to improved veterinary care. At the moment, the veterinary profession is a transitional phase – there is a disconnect with some clients, especially millennials, who access the majority of data on their mobile. Additionally, Google has overtaken the vet practice as the first port of call for information. To counter this trend, digital technology can be harnessed to disseminate the knowledge that vets have. The key for digital technology in livestock farming is to be able to measure variables, help producers manage their herds, provide ongoing monitoring and then repeat these processes.

Solutions

At IHS Markit we offer market-leading animal health information solutions via our globally recognised Animal Health Market Reporting service powered by Animal Pharm. Our specialist team of experts offer comprehensive news, data and independent analysis across the global industry, with current news, data and market forecasting solutions to support all operational needs in your organisation.

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Animal Health News 

Our Animal health Market Reporting service is the market leader in updates and news on animal health company developments, emerging trends, mergers and acquisitions, regulatory and competitive changes across the animal health market. Spanning pharmaceuticals, vaccines, diagnostics and technology, a subscription also includes access to a range of tracking tools on M&A, funding, patents and drug approvals.

 Special Reports

Published throughout the year these reports dive deeper than information available within the Animal Health Market Reporting service alone, taking special reports on key topics driving the vaccine, antiparasitic and diagnostics markets, complementing our subscription services. These provide critical updates on regulations, products, technology and other emerging trends.  

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Consulting  

Consulting services spanning all your needs in the animal health markets, from long-term forecasting to market studies for financial investments reviewing everything from market sizing to competitor intelligence.

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