Middle East & Africa Veterinary Point Of Care Diagnostics Market Size & Outlook
Middle East & Africa veterinary point of care diagnostics market, 2018-2030 (US$M)
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MEA veterinary point of care diagnostics market highlights
- The MEA veterinary point of care diagnostics market generated a revenue of USD 30.8 million in 2022.
- The market is expected to grow at a CAGR of 12.9% from 2023 to 2030.
- In terms of segment, companion animals was the largest revenue generating animal type in 2022.
- Livestock Animals 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 30.8 million |
| Market revenue in 2030 | USD 81.0 million |
| Growth rate | 12.9% (CAGR from 2022 to 2030) |
| Largest segment | Companion animals |
| Fastest growing segment | Livestock Animals |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Companion Animals, Livestock Animals |
| Key market players worldwide | Zoetis Inc Class A, IDEXX Laboratories Inc, Virbac SA, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, SoundCloud, Mindray Medical International, Esaote, FUJIFILM Holdings Corp, Woodley Equipment Company |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.8% of the global veterinary point of care diagnostics 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 532.1 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Veterinary Point Of Care Diagnostics Market Scope
Veterinary Point Of Care Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa veterinary point of care 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 point of care diagnostics market will help companies and investors design strategic landscapes.
Companion animals was the largest segment with a revenue share of 59.09% in 2022. Horizon Databook has segmented the Middle East & Africa veterinary point of care diagnostics market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Technological and medical developments are having a significant impact on animal care in the MEA. The market is likely to be driven by increasing adoption of pets and the demand for better healthcare solutions. As a result, the market is expected to increase significantly, as veterinary POCs aid in the detection of infections, which has been vital amid the pandemic.
In addition, the market can benefit from an increase in the number of veterinary doctors and the average income of people in developed economies. Furthermore, as the number of zoonotic diseases in animals and their transmission to people grows, so does the requirement for better diagnostics.
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Target buyers of Middle East & Africa veterinary point of care diagnostics market databook
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Our clientele includes a mix of veterinary point of care 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 point of care diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa veterinary point of care diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA veterinary point of care diagnostics market size, by country, 2018-2030 (US$M)
Middle East & Africa Veterinary Point Of Care Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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