Middle East & Africa Companion Animal Health Market Size & Outlook
Middle East & Africa companion animal health market, 2018-2030 (US$M)
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MEA companion animal health market highlights
- The MEA companion animal health market generated a revenue of USD 1,150.5 million in 2022.
- The market is expected to grow at a CAGR of 9.6% from 2023 to 2030.
- In terms of segment, dogs was the largest revenue generating animal type in 2022.
- Equine is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, Israel is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,150.5 million |
| Market revenue in 2030 | USD 2,392.2 million |
| Growth rate | 9.6% (CAGR from 2022 to 2030) |
| Largest segment | Dogs |
| Fastest growing segment | Equine |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Equine, Cats, Other Animal type |
| Key market players worldwide | Merck & Co Inc, CEVA Inc, Vetoquinol SA, Zoetis, Boehringer Ingelheim, IDEXX Laboratories Inc, Elanco Animal Health Inc, Indian Immunologicals, Virbac SA, Norbrook |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.3% of the global companion animal health market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,849.7 million by 2030.
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Companion Animal Health Market Scope
Companion Animal Health Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa companion animal health 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 health market will help companies and investors design strategic landscapes.
Dogs was the largest segment with a revenue share of 38.95% in 2022. Horizon Databook has segmented the Middle East & Africa companion animal health market based on dogs, equine, cats, other animal type covering the revenue growth of each sub-segment from 2018 to 2030.
The companion animal health market in Middle East & Africa is anticipated to exhibit slow growth as compared to other markets owing to comparatively poor medical facilities and slow development in the healthcare infrastructure.
The market consists of countries such as South Africa and Saudi Arabia, among others, which are high potential markets in the region, thus supporting market growth.
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Target buyers of Middle East & Africa companion animal health market databook
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Our clientele includes a mix of companion animal health 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 health market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa companion animal health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA companion animal health market size, by country, 2018-2030 (US$M)
Middle East & Africa Companion Animal Health Market Outlook Share, 2022 & 2030 (US$M)
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