Veterinary Wearable Devices Market Is Expected To Reach US$ 3 Authentic Justin Jones Jersey ,704.6 Mn by 2026 by charliegefen · February 5, 2019
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Download Sample research report with TOC and Figures @ RFID is currently reigning the technology segment for veterinary wearable devices market. The primary features responsible for its dominance are its popularity among farmers to tag farm animals in order to identify them according to their medical history and pedigree. It is being extensively used by forest and wildlife authorities to manage and preserve endangered and exotic animal species in wildlife sanctuaries and habitats. GPS devices have gained tremendous attraction on account of its ability to create virtual boundaries for the roaming of livestock and understanding of travel habits and migratory patterns of wild animals. Biosensors are being developed and embedded in animals to monitor their vital health statistics to perform diagnosis and early treatment of ill animals.
North America presently represents a market share of 45% and is the largest regional segment for veterinary wearable devices market. Increasing awareness of sophisticated technology and rampant growth in cattle breeding drive the market growth in North America. Domicile of major players such as Garmin International, Inc., FitBark Authentic Derwin James Jersey , Inc., Whistle Labs, Inc. etc. further consolidate the veterinary wearable devices market growth in North America. Europe with a market share of 30% is the second largest market owing to the increasing demand for meat and dairy industry and increasing pet adoption. Asia Pacific represents 10% market share and will be the fastest growing market during the forecast period from 2018 to 2026 on account of increasing communicable animal disease and huge population base of milch cattle. It serves as an important business destination for market dealers to promote business expansion by establishment of retail outlets and subsidiaries.