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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