AI in the Veterinary World

The global artificial intelligence (AI) in animal health market accounted for USD 1.18 billion in 2023 and is expected to reach at USD 8.07 billion by 2034 with a CAGR of 19.10% during the forecast period 2024-2034 according to Research & Markets most recent report.  While AI is the "hot new thing," it is clear from previous technological advancements, all industries can benefit from proper applications.  AI is no different.  Those who resist will be left behind, but those who use it haphazardly will likely negatively effect their customer experience...we all know what happens when you call your cable company and have to scream "representative" before you get to talk to a person.   Having said that, from AI-driven diagnostics to new platforms, the benefits of technology are quite apparent.  Increased spending on animal welfare, greater demand for better health outcomes, and a rise in digital solutions are all driving the veterinary market forward.   For example, you can see platforms in dermatology using AI to help make more accurate diagnoses by the sheer power of large data sets.  The demand for these insights is growing as customers recognize they can lead to better results for their pets.  Moreover, for production and large animal, companies have popped up that use AI generated geolocation technology for predictive health.  Finally, diagnostics is another area where AI can bring the power of large data to individual DVMs.   In short, we believe now is the time to educate yourself on AI related options for your practice. The technology is here to help us provide better care and improve efficiency.

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