Middle East & Africa Companion Animal Diagnostics Market Size & Outlook
Middle East & Africa companion animal diagnostics market, 2016-2027 (US$M)
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MEA companion animal diagnostics market highlights
- The MEA companion animal diagnostics market generated a revenue of USD 75.4 million in 2021.
- The market is expected to grow at a CAGR of 9.6% from 2022 to 2027.
- In terms of segment, dogs was the largest revenue generating species in 2021.
- Cats is the most lucrative species segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2027.
MEA data book summary
| Market revenue in 2021 | USD 75.4 million |
| Market revenue in 2027 | USD 130.9 million |
| Growth rate | 9.6% (CAGR from 2021 to 2027) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Cats |
| Key market players worldwide | Zoetis, IDEXX Laboratories Inc, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, Neogen Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.7% of the global companion animal diagnostics market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,847.1 million by 2027.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa companion animal diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to companion animal diagnostics market will help companies and investors design strategic landscapes.
Dogs was the largest segment with a revenue share of 50% in 2021. Horizon Databook has segmented the Middle East & Africa companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
Growing awareness regarding animal health among pet owners coupled with rising animal adoption is boosting the market in Middle East and Africa. Increasing number of initiatives being undertaken by the government for encouraging animal healthcare facilities is a key factor expected to boost the market in this region.
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Target buyers of Middle East & Africa companion animal diagnostics market databook
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Our clientele includes a mix of companion animal diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa companion animal diagnostics market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
MEA companion animal diagnostics market size, by country, 2016-2027 (US$M)
Middle East & Africa Companion Animal Diagnostics Market Share, 2021 & 2027 (US$M)
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