Wearable technology for humans is already somewhat in vogue. What's next? Wearable tech applications for animals -- from ultrasound-delivering treatment patches and electronic saddle optimization for horses to collars on many other animals that variously track, identify and diagnose. The new market study by IDTechEx explored the needs, technologies and markets of wearable electronics for livestock, pets and wild animals. Their study findings forecast that the global market, incorporating both RFID and non-RFID technologies, will reach $2.6 billion in 2025. The research analyzes in detail six application markets sectors. IDTechEx research predicts that during the next decade expenditure on medical diagnosis devices will increase in value market share from 11 percent to 23 percent and medical treatment (such as heating, cooling, ultrasound and drug delivery) will increase from a mere 1 percent to 13 percent. According to the IDTechEx assessment, we are in the decade of we...
TMT Market Research and Analysis