Analysis - by Technique (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Urinalysis, Hematology, and Others), Product (Instruments and Consumables), Application (Bacteriology, Clinical Pathology, Virology, Parasitology, and Others), Companion Animal Type (Dogs, Cats, Horses, and Others), and End User (Diagnostic Laboratories, Veterinary Hospitals and Clinics, Research Institutes, and Others)
No. of Pages:
91
|
Report Code:
BMIRE00030031
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Category:
Life Sciences
The Middle East & Africa companion animal diagnostics market was valued at US$ 104.24 million in 2022 and is expected to reach US$ 198.82 million by 2030; it is estimated to register a CAGR of 8.4% from 2022 to 2030.
Increasing Adoption of Pets for Companionship Boosts Middle East & Africa Companion Animal Diagnostics Market
Pets have become an important part of humans' lives. Pet adoption is a crucial component of animal welfare, giving homeless and abandoned animals a chance to live a quality life. The growth of the companion animal diagnostics market is most pronounced in nations with expanding middle-class populations, which boosts the emergence of a new pet culture based on a preference to keep pets solely for companionship, followed by their humanization. South Africa is among the pet-friendly countries. The perception of people for owing dogs has changed in recent years, from keeping dogs for companionship to adopting them for safety purposes. Thus, owing to rising pet ownership and the growing pet food industry, the demand for quality pet supplements is also increasing in the region. However, cats are preferred to be kept as pets than dogs because Islam considers dogs to be unclean. A few regional cat breeds, such as the Egyptian Mau, are popular. Also, pets are considered a status symbol in the UAE, due to which they are becoming more popular among high-income earners. Thus, the pet adoption rate in the UAE is increasing. According to the Government of Canada, the pet population in the UAE has increased by around 10,000 animals each from 2016 to 2020, with the large dog population growing fastest by around 6,000 animals.
Middle East & Africa Companion Animal Diagnostics Market Overview
The Middle East & Africa companion animal diagnostics market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of the Middle East & Africa. The market in this region is expected to witness significant growth during 2022-2030 due to the prevalence of zoonotic diseases and the increasing adoption of pets in the region. The rising cases of zoonotic diseases in Saudi Arabia fuel the demand for animal diagnostics products and services in the country. The number of owners abandoning their pets is increasing in Saudi Arabia. Welfare organizations across the country make efforts to protect abandoned pets. Therefore, the incidence of diseases among companion animals is increasing. Riyadh Shelter and Pets In Need offers animals temporary shelter and medical treatment until their adoption. Thus, the increasing incidence of zoonotic diseases and efforts made by various organizations to protect abandoned animals trigger the demand for companion animal diagnostics in Saudi Arabia.
Middle East & Africa Companion Animal Diagnostics Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Companion Animal Diagnostics Market Segmentation
The Middle East & Africa companion animal diagnostics market is segmented based on technique, product, application, companion animal type, end user, and country.
Based on technique, the Middle East & Africa companion animal diagnostics market is segmented into immunodiagnostics, clinical biochemistry, molecular diagnostics, urinalysis, hematology, and others. The immunodiagnostics segment held the largest share in 2022. Immunodiagnostics segment is further categorized into lateral assays, ELISA tests, allergen-specific immunodiagnostics tests, and immunoassay analyzers. Clinical biochemistry segment is further categorized into clinical chemistry analysis, glucose monitoring, and blood gas electrolyte analysis. Also, biochemistry segment is categorized into PCR, microarray, and others.
By product, the Middle East & Africa companion animal diagnostics market is bifurcated into instruments and consumables. The instruments segment held a larger share in 2022.
In terms of application, the Middle East & Africa companion animal diagnostics market is segmented into bacteriology, clinical pathology, virology, parasitology, and others. The clinical pathology segment held the largest share in 2022.
Based on companion animal type, the Middle East & Africa companion animal diagnostics market is categorized into dogs, cats, horses, and others. The dogs segment held the largest share in 2022.
By end user, the Middle East & Africa companion animal diagnostics market is segmented into diagnostic laboratories, veterinary hospitals and clinics, research institutes, and others. The veterinary hospitals and clinics segment held the largest share in 2022.
Based on country, the Middle East & Africa companion animal diagnostics market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. South Africa dominated the Middle East & Africa companion animal diagnostics market in 2022.
i-SENS Inc, Immunology Consultants Laboratory Inc, Zoetis Inc, and Elabscience Biotechnology Inc are some of the leading companies operating in the Middle East & Africa companion animal diagnostics market.
Middle East & Africa Companion Animal Diagnostics Strategic Insights
Strategic insights for the Middle East & Africa Companion Animal Diagnostics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Middle East & Africa Companion Animal Diagnostics Report Scope
Report Attribute
Details
Market size in 2022
US$ 104.24 Million
Market Size by 2030
US$ 198.82 Million
Global CAGR (2022 - 2030)
8.4%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Technique
Immunodiagnostics
Clinical Biochemistry
Molecular Diagnostics
Urinalysis
Hematology
By Product
Instruments and Consumables
By Application
Bacteriology
Clinical Pathology
Virology
Parasitology
By Companion Animal Type
Dogs
Cats
Horses
By End User
Diagnostic Laboratories
Veterinary Hospitals and Clinics
Research Institutes
Regions and Countries Covered
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
Market leaders and key company profiles
i-SENS Inc
Immunology Consultants Laboratory Inc
Zoetis Inc
Elabscience Biotechnology Inc
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Middle East & Africa Companion Animal Diagnostics Regional Insights
The geographic scope of the Middle East & Africa Companion Animal Diagnostics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East & Africa Companion Animal Diagnostics Market
1. i-SENS Inc
2. Immunology Consultants Laboratory Inc
3. Zoetis Inc
4. Elabscience Biotechnology Inc
Frequently Asked Questions
How big is the Middle East & Africa Companion Animal Diagnostics Market?
The Middle East & Africa Companion Animal Diagnostics Market is valued at US$ 104.24 Million in 2022, it is projected to reach US$ 198.82 Million by 2030.
What is the CAGR for Middle East & Africa Companion Animal Diagnostics Market by (2022 - 2030)?
As per our report Middle East & Africa Companion Animal Diagnostics Market, the market size is valued at US$ 104.24 Million in 2022, projecting it to reach US$ 198.82 Million by 2030. This translates to a CAGR of approximately 8.4% during the forecast period.
What segments are covered in this report?
The Middle East & Africa Companion Animal Diagnostics Market report typically cover these key segments-
End User (Diagnostic Laboratories, Veterinary Hospitals and Clinics, Research Institutes)
What is the historic period, base year, and forecast period taken for Middle East & Africa Companion Animal Diagnostics Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Companion Animal Diagnostics Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2030
Who are the major players in Middle East & Africa Companion Animal Diagnostics Market?
The Middle East & Africa Companion Animal Diagnostics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
i-SENS Inc
Immunology Consultants Laboratory Inc
Zoetis Inc
Elabscience Biotechnology Inc
Who should buy this report?
The Middle East & Africa Companion Animal Diagnostics Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Middle East & Africa Companion Animal Diagnostics Market value chain can benefit from the information contained in a comprehensive market report.
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WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
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Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines