Middle East and Africa Veterinary Diagnostics Market Overview:
The Middle East and Africa Veterinary Diagnostics Market is expected to reach USD 224.2 million by 2025 from an estimated USD 114.5 million in 2018, at a CAGR of 10.28% during the forecast period 2018 – 2025
Veterinary diagnoses are non-invasive methods used to identify and examine the causes of the disease in animals. These procedures are performed using a variety of methods using blood, stool and tissue samples. New methods and technologies developed for human diagnosis are also widely used in veterinary diagnostics. Several methods used in veterinary diagnosis include immunodiagnostics, hematology, molecular tests (including nucleic acid tests) and clinical chemistry.
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Drivers, Challenges and Opportunities:
The MEA veterinary diagnostic market is growing as the need to control antibiotic-resistant bacteria, raising awareness of animal health in the regional economies, and increased investment in developing nations. The implementation of new innovative products developed for companies, and advanced research and development facilities to improve their product portfolio is driving growth in the field of veterinary diagnostics. The state-of-the-art research and development facilities and new and innovative product developments developed by companies to enhance their product portfolio are driving the growth of the veterinary diagnostics sector in the MEA. The increased use of nanotechnology in veterinary diagnostics, the revised application of human diagnostics to veterinary inspection and the increasing demand for fast and accurate molecular diagnostics are some of the major trends in the regional veterinary diagnostic market.
The main limiting factor for this market is the high cost, which acquires and manages mainly examination centers, ranging from blood tests to physiological monitors (electrocardiograms, anesthesia monitors, etc.), through imaging techniques diagnostic (X-rays, anesthesia monitors, etc.). As new state-of-the-art products develop in the veterinary diagnostic market, it can grow at a considerable pace over the forecast period. In addition, the huge untapped markets of the industry in MEA countries offer many opportunities to develop at a sustained pace in the future.
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Geographic Segmentation:
By geography, the market is segmented in the Middle East and Africa. The veterinary diagnostic market is growing in these regions due to increasing awareness about animal health in emerging countries such as Saudi Arabia, the United Arab Emirates, Israel, South Africa and others.
Key market players profiled in this Middle East and Africa Veterinary Diagnostics Market Report are: ABAXIS, Inc., Thermo Fisher Scientific, Inc., Heska Corporation, VCA, Inc., Neogen Corporation, Zoetis, Inc. and ID.Vet. Other important players in the market are IDEXX, Mindray Medical International Ltd., Virbac, GE Healthcare and Agfa Healthcare.
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