The Middle East & Africa veterinary diagnostics market was valued at US$ 214.82 million in 2022 and is expected to reach US$ 367.34 million by 2030; it is estimated to grow at a CAGR of 6.9% from 2022 to 2030.
Growing Ownership of Companion Animals Fuel the Middle East & Africa Veterinary Diagnostics Market
In recent years, increasing disposable income and growing interest of millennials, especially adults in their early 20s and late 30s, for pet adoption are supporting the pet culture across the globe. In addition, due to the onset of the COVID-19 pandemic, people were working from home and self-isolating; this change in lifestyle inspired households to own pets. Since there was no evidence that pets could contribute to the spread of COVID-19, people felt safe with an animal companion that provided mental and emotional support during the pandemic. 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.
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. According to Euromonitor International, households will continue to exit poverty and reach the middle class and thus, by 2040, 856 million households will have disposable incomes between US$ 15,000 and US$ 45,000, i.e., one in three households worldwide (35.5%). Due to increasing disposable income, companion animal adoption rates are growing. The advancement in the detecting animal diseases and increasing disposable income among pet owners drive the Middle East & Africa veterinary diagnostics market globally.
Middle East & Africa Veterinary Diagnostics Market Overview
The Middle East & Africa reported zoonotic disease outbreaks involving the Marburg virus in Tanzania (March 2023) and Ebola in Uganda in January 2023. These viruses proved highly contagious, causing severe illness, often associated with high mortality rates. Additionally, zoonotic pathogens continue to emerge and spread across the region, posing challenges related to mortality and morbidity, disrupting trade and the economy. Also, the Eastern region faces challenges in maintaining strong veterinary and public health systems. This is due to the Middle East & Africa being rich in biological diversity interactions between humans, domestic animals, and wild animals. Encroachment of natural habitats, poaching, and illegal wildlife trade increase the risk of zoonotic disease transmission. Therefore, there is a need for an "Integrated One Health Approach" to manage zoonotic disease transmission and emergence, ultimately to reduce risks of epidemics and pandemics, resulting in increased preparedness toward epidemics through animals. There is a need for multi-sectoral collaboration, public awareness, and strengthening community and risk mitigation applications to mitigate the risk of zoonotic diseases and protect ecosystems in East Africa. Also, USAID and GIZ in East Africa and TRAFFIC in Tanzania-a leading non-governmental organization to ensure trade in wild animals-undertake a comprehensive project to reduce zoonotic infections. Numerous zoonotic diseases have resulted in morbidity, mortality, and productivity losses in humans, livestock, and wildlife species in the Arabian Peninsula, causing social impacts. Typical outbreaks in the Arabian Peninsula involve Rift Valley Fever (RVF), Crimean-Congo hemorrhagic fever (CCHF), Avian Influenza, and Glanders. These zoonotic diseases have been introduced from other Arabian countries due to a lack of stringent import regulations or implementation. Therefore, there is an urgent need for interdisciplinary collaboration between the Arabian peninsula's health, agricultural, and environmental ministries to avoid the emergence and re-emergence of zoonotic diseases. This can be achieved by implementing a rapid information system between each country's responsible ministries and establishing efficient quarantine and veterinary laboratory facilities in each of the GCC countries. Also, the Mediterranean and the Middle East are known hubs for zoonoses. Therefore, the previously constructed Mediterranean Zoonoses Control Center can be widened with respect to reach in the Arabian Peninsula to control the zoonotic disease outbreak. Such support and initiatives from governments of various countries in the Middle East & Africa will ultimately accelerate the demand for veterinary diagnostics during 2022-2030.
Middle East & Africa Veterinary Diagnostics Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa Veterinary 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.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 214.82 Million |
Market Size by 2030 | US$ 367.34 Million |
Global CAGR (2022 - 2030) | 6.9% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Product
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Veterinary 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.
1. Thermo Fisher Scientific Inc
2. Idexx Laboratories Inc
3. Zoetis Inc
4. Heska Corp
5. Neogen Corp
6. Randox Laboratories Ltd
7. Virbac SA
8. FUJIFILM Holdings Corp
9. Merck Animal Health
The Middle East & Africa Veterinary Diagnostics Market is valued at US$ 214.82 Million in 2022, it is projected to reach US$ 367.34 Million by 2030.
As per our report Middle East & Africa Veterinary Diagnostics Market, the market size is valued at US$ 214.82 Million in 2022, projecting it to reach US$ 367.34 Million by 2030. This translates to a CAGR of approximately 6.9% during the forecast period.
The Middle East & Africa Veterinary Diagnostics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Veterinary Diagnostics Market report:
The Middle East & Africa Veterinary Diagnostics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Veterinary Diagnostics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Veterinary Diagnostics Market value chain can benefit from the information contained in a comprehensive market report.