Middle East & Africa Veterinary Diagnostics Market Size & Outlook
Middle East & Africa veterinary diagnostics market, 2018-2030 (US$M)
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MEA veterinary diagnostics market highlights
- The MEA veterinary diagnostics market generated a revenue of USD 198.7 million in 2023.
- The market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, consumables, reagents & kits was the largest revenue generating product in 2023.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 198.7 million |
| Market revenue in 2030 | USD 402.3 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
| Key market players worldwide | IDEXX Laboratories Inc, Zoetis Inc Class A, Antech Diagnostics, Hera SpA, Embark, Esaote, Thermo Fisher Scientific Inc, Virbac SA, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.1% of the global veterinary diagnostics market in 2023.
- 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 4,037.3 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa veterinary 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 veterinary diagnostics market will help companies and investors design strategic landscapes.
Consumables, reagents & kits was the largest segment with a revenue share of 52.59% in 2023. Horizon Databook has segmented the Middle East & Africa veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East & Africa (MEA) includes South Africa and Saudi Arabia. MEA veterinary diagnostics market is likely to exhibit a CAGR of 8.72% during the forecast period owing to increasing demand for pet food and rising adoption companion animals.
There were nearly 2 million pet cats and 7.4 million pet dogs were adopted in South Africa in 2015. In addition, growing awareness about animal diseases and rising demand for pet insurance & pet food are factors expected to boost market growth.
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Target buyers of Middle East & Africa veterinary diagnostics market databook
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Our clientele includes a mix of veterinary 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 veterinary diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA veterinary diagnostics market size, by country, 2018-2030 (US$M)
Middle East & Africa Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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