Wearable Sensors for Animal Health Management Market: Overview
The prevalence of zoonotic diseases that is, the transmission of a disease from vertebrate animals to humans is increasing at a rapid rate. According to the World Health Organization (WHO), there are over 200 known types of zoonoses. To avoid the transmission of such diseases, the health monitoring of animals is an essential factor.
To monitor a large swathe of animals is difficult manually. For this purpose, technologies like wearable sensors are gaining immense popularity. Hence, based on all these factors, the wearable sensors for animal health management market may record notable growth across the forecast period of 2020-2030.
These sensors are largely used for treatment behavior monitoring and medical diagnosis. The wearable sensors are used in animal farms, veterinary clinics, veterinary hospitals, and others. Livestock monitoring is also an essential application of wearable sensors and this may generate profitable growth for the wearable sensors for animal health management market.
This report on the wearable sensors for animal health management market enlightens the stakeholders and CXOs about the recent developments and the current scenario. The changing market dynamics have been presented in the report in a detailed and precise manner so that the stakeholders can grasp every point without any difficulty and take steps accordingly.
The report also contains details about the COVID-19 impact on the wearable sensors for animal health management market and the vital threats that the wearable sensors for animal health management market may face between 2020 and 2030.
Wearable Sensors for Animal Health Management Market: Competitive Analysis
The wearable sensor for animal health management market comprises numerous players vying for the dominant position in terms of revenues and consumer base. Based on this factor, the market can be classified into the highly fragmented category.
Observing the escalating demand for these sensors, various investment firms are investing in this market. This aspect helps in boosting the research and development activities of the players, thus leading to the discovery of novel insights. These discoveries lead to innovations that lead to the upgradation of wearable sensors or the creation of new sensors.
Some well-established participants in the wearable sensors for animal health management market are Voyce Health, PetPace, Vital Herd, Monnit Corp., Felcana, AGL Technology, Cainthus, Telit, Inovotec Animal Care, Zoetis, Connecterra, and Sol Chip.
Wearable Sensors for Animal Health Management Market: Studies and Trials
The wearable sensors for animal health management market are abuzz with novel technologies and advancements. Intensive research is conducted for introducing novel devices. Here are some prominent studies and research activities that have the potential to increase the growth rate of wearable sensors for animal health management market.
Livestock: In one study, 2200 dairy cows were fitted with smart ear tags and a radio identification antenna. Smart feeders were also installed for capturing health data. The smart ear tags recorded the amount of nutrients and minerals the cows consumed each time when it went to the feeder for eating. This helped to monitor the cows proficiently and an improvement in health was observed. Such studies invite great growth advancements.
Chicken: Trials were recently conducted for testing a new sensor technology. This sensor can detect blood-sucking mites on the back of the chicken, thus leading to improvement in the health of the chicken.
Pigs: A study was conducted to monitor and identify diseases among pigs early through digital sensors. These sensors will also help in reducing antibiotic use on pigs.
Wearable Sensors for Animal Health Management Market: Geographical Analysis
North America may gain magnanimous growth for the wearable sensors for animal health management market due to the growing concerns about animal health. Europe may emerge as the second-largest regional growth contributor while Asia Pacific may record rapid growth as it is the dominant meat supplier to the western countries.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.