South Africa Companion Animal Diagnostics Market Size & Outlook
South Africa companion animal diagnostics market, 2016-2027 (US$M)
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South Africa companion animal diagnostics market highlights
- The South Africa companion animal diagnostics market generated a revenue of USD 11.2 million in 2021 and is expected to reach USD 22.0 million by 2027.
- The South Africa market is expected to grow at a CAGR of 12% 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.
Companion animal diagnostics market data book summary
| Market revenue in 2021 | USD 11.2 million |
| Market revenue in 2027 | USD 22.0 million |
| Growth rate | 12% (CAGR from 2021 to 2027) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 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, South Africa accounted for 0.2% of the global companion animal diagnostics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, South Africa companion animal diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 22.0 million by 2027.
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Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 South Africa companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
The companion animal diagnostics market in South Africa is driven by increasing pet adoption coupled with rapid increase in prevalence of zoonotic diseases. This has led to growing concerns for animal health, increasing the need for animal healthcare facility and pet insurance.
Furthermore, South Africa has a total 9.1 million dogs, and pet industry revenue has increased over the years. For instance, the annual growth of pet care revenue is 1.9%. Furthermore, in Namibia, private clinics & public institutions work together with animal welfare organizations to undertake sterilization campaigns of animals. Such factors are positively influencing the market in the country.
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Target buyers of South 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 country-level data and insights on the South Africa companion animal diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into South Africa companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Africa companion animal diagnostics market size, by species, 2016-2027 (US$M)
South Africa Companion Animal Diagnostics Market Share, 2021 & 2027 (US$M)
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