Asian Pet Health Conference ends: Smart wearable devices become a new growth point for pet medical care
Recently, the three-day Asian Pet Health Conference ended successfully in Shanghai. The conference brought together pet medical experts, technology companies and industry practitioners from all over the world to discuss the latest trends in the field of pet health. in,Smart wearable devicesIt became the hot topic of the conference and was generally considered the next growth point in the pet medical industry.
As the scale of the pet economy continues to expand, the demand for pet health management is becoming increasingly refined. According to data released by the conference, the global pet smart wearable device market size has reached 2023$2.5 billionIt is expected to be in the next five yearsAverage annualThe rate of growth. The following are the market segment data disclosed by the conference:
| area | Market size in 2023 (USD 100 million) | Annual growth rate |
|---|---|---|
| Asia | 8.2 | twenty two% |
| North America | 10.5 | 15% |
| Europe | 5.3 | 17% |
Technology breakthroughs promote industry upgrades
At this exhibition, many companies displayed a new generation of pet health monitoring equipment. Among them, a brand launchedMultifunctional pet collarIt can monitor 12 indicators such as heart rate, body temperature, and activity in real time, and generate health reports through AI algorithms. Another implantable chip can be achievedContinuous monitoring of blood sugar, provides 24/7 management solutions for diabetic pets.
It is worth noting that important progress has been made in the construction of pet medical data platform. The case released by the conference shows that a pet hospital reduces the follow-up rate of chronic diseases by accessing smart device data.40%, the accuracy of emergency identification has been improved to92%.
| Function Type | Equipment proportion | User attention |
|---|---|---|
| Basic activity monitoring | 45% | 68% |
| Health alert | 32% | 89% |
| Chronic disease management | 18% | 76% |
| Other features | 5% | 42% |
The consumer market presents new features
According to the conference consumer research report, pet smart device buyers present three major characteristics:Post-90s are the main group(63%),The average monthly consumption exceeds 500 yuan(Accounting 58%)Pay more attention to data interconnection functions(At 81%). Data from an e-commerce platform shows that sales of pet health equipment surged year-on-year during the big promotion period210%.
Experts at the meeting pointed out that the industry is currently facingMissing standardsandData securityTwo major challenges. It is reported that the China Pet Medical Association is taking the lead in formulating industry standards for smart devices, which is expected to be released in the first half of 2024.
Future Outlook
At the closing ceremony of the conference, the organizing committee announced its establishmentAsian Pet Digital Health Alliance, the first batch of members include 17 leading enterprises. The alliance will promote the establishment of a multinational data sharing mechanism to accelerate the digital transformation of pet medical care. Analysts predict that with the deep integration of 5G technology and AI diagnosis, smart devices will cover in 202530%pet medical service scenario.
This conference attracts326 companiesExhibitors, release48 itemsInnovation achievements, signed23 copiesThe strategic cooperation agreement fully demonstrates the vigorous vitality of the pet medical industry. The rapid development of smart wearable devices is reshaping the ecological pattern of pet health management.
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