The Middle East and Africa animal healthcare market consists of products and services that help prevent animal diseases and ensure their overall well-being. Key products include vaccines, pharmaceuticals, feed additives, and diagnostic tools. The need for such products is driven by the growing adoption of companion animals like dogs and cats across households in the region. Pets are increasingly seen as a part of the family rather than just animals. This has boosted spending on pet healthcare, nutrition, and other requirements. Growing awareness about zoonotic diseases has also prompted people to vaccinate and screen their animals regularly.
The Global Middle East and Africa animal healthcare market is estimated to be valued at US$ 5478.77 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Middle East And Africa Animal Healthcare Market Size are Siegfried, Sanofi, Johnson Matthey, Mallinckrodt, Noramco, Unichem Laboratories, Arevipharma GmbH, Resonance-labs, Sun Pharmaceutical Industries Ltd., Rusan Pharma, Micro Orgo Chem, and Faran Shimi Pharmaceutical Co.
Key opportunities in the market include rising pet insurance penetration and growing veterinary healthcare infrastructure in developing countries. Several startups are also entering the space with novel therapeutics and diagnostics for farm and companion animals.
Globally, companies are expanding into new geographies through mergers and acquisitions to access untapped demand. Regional players are also receiving private investments to scale up operations. Safety regulations and import policies are being strengthened to facilitate international trade flows while ensuring quality.
Market drivers
- Increasing pet adoption across the region coupled with growing pet humanization is a key factor driving market growth. Pet owners are willing to spend more on veterinary care, nutrition, and insurance.
- Rising awareness about zoonotic diseases has boosted preventive healthcare spending. This is reflected in increasing vaccination rates among both livestock and companion animals.
Market restraints
- High prices of veterinary services and animal drugs limit their access and adoption in low income areas. This acts as a restraint for the overall market growth.
- Lack of advanced veterinary infrastructure and trained professionals in certain regional pockets also constrains the regional animal healthcare industry expansion to some extent.
Segment Analysis
This market can be segmented based on product type into pharmaceuticals and feed additives. Pharmaceuticals hold the largest share as they are widely used for treatment and prevention of diseases in animals. Within pharmaceuticals, vaccines hold the dominating sub-segment owing to increasing prevalence of zoonotic diseases and focus on prevention.
Vaccines protect the livestock and companion animals from fatal viral and bacterial infectious diseases. With growing awareness about animal health, demand for vaccines is rising in the region.
Global Analysis
On the basis of regional analysis, Middle East and Africa will continue to be the fastest growing regional market during the forecast period. Countries like Saudi Arabia, South Africa possess large livestock populations and are witnessing increased expenditure on animal healthcare.
Rising awareness about zoonotic diseases is also driving many regional governments to improve animal healthcare policies and standards. This will significantly boost the overall animal pharma market in Africa. Countries like Nigeria and Kenya are other major emerging markets due to supportive regulations and initiatives towards livestock management and welfare.
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Middle East and Africa Critical Care Equipment (CCE) Market information, by Type (Patient Monitor, Medical Ventilator, Dialysis, IV Pumps, Infusion pump, Suction Apparatus, and others), by End users (Hospitals, Research laboratories and others) - Forecast to 2027Middle East And Africa Pediatric Healthcare Market -OverviewThe prevalence of several life-threatening diseases in the region is estimated to promote the market in the upcoming period.
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The elevated funding diverted towards evolving healthcare setup and amenities is likely to promote the market in the long term.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2751Segmental Analysis The segmental insight into the Middle East and Africa pediatric healthcare market has been segmented on the basis of the type of diseases, therapeutics, treatment, and region.
The healthcare system in the Middle East & African region has displayed growth due to the progress of the healthcare system as well as intensifying emphasis on diagnosis and management of diseases.
In the African region, there is a remarkable demand for pediatric medical devices due to mounting health difficulties among infants and children.
In Africa, the number of government organization are involved in the assessment of healthcare settings as well as healthcare companies carry out healthcare camps for women and children thus motivating the Middle East and Africa pediatric healthcare market.Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/mea-critical-care-equipment-market-2751Competitive AnalysisIt is estimated that the factors of the market that were previously not leveraged will be employed to boost the potential of the market in the approaching period.
