Veterinary diagnosis refers to tests that help to recognize and determine multiple diseases in animals. These tests are done by collecting the faecal samples, blood samples and tissues. New technologies and methods designed for human diagnosis are also widely used in veterinary diagnosis.
Middle East and Africa Veterinary Diagnostics Market Size
The Middle East and Africa Veterinary Diagnostics Market is expected to reach USD 224.2 million by 2025 from an estimated USD 114.5 million in 2018, at a CAGR of 10.28% during the forecast period 2018 – 2025
According to Research Cosmos Analysis, Veterinary Diagnostics Market projected to reach 4,881.0 Million USD by 2025, growing with a CAGR of 9.96%.
Growth Opportunities, Challenges and Restraints
The Middle-East & Africa Veterinary Diagnostics Market has seen an exemplar shift in the past few years with the emergence of new and technologically advanced products, which had an optimistic impact on the overall growth of the market. Diagnostics provide tools for effective and rapid testing to undertake preventative or remedial measures for the health of the animal population. For instance, diagnostics assist in livestock production, animal care and complement other measures such as vaccination and selective breeding. Similarly, lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock to test for the presence of a variety of medical conditions caused by bacteria, viruses, allergies, and fertility issues.
Veterinary diagnostic products are as complex as they are difficult to manufacture. Many of the poultry and livestock diagnostic products are biologic products which demand materials from living organisms. Market development for companion animal diagnostic has depended heavily upon the purchasing and usage of in-clinic analysers or diagnostic instruments used at veterinary practices.
Immunodiagnostics is the segment with highest demand owing to the increase in the number of foodborne diseases affecting the animals and the need to perform various tests has increased gradually. In retrospect, the market for Molecular diagnostics is also expected to grow at a higher rate. Increase in purchase and usage of various diagnostic instruments that are utilized in veterinary practices, in-clinic diagnostic procedures, high-income households that keep pets and regular visit to veterinary laboratories are propelling the growth of this market in the Middle East and Africa. However, increasing adoption of vegetarian food due to changing food habits, the economic downturn, and the increasing risk of obesity, exposure to global cuisines, and other diseases are some of the factors affecting the growth.
The cost of healthcare, whether it is for humans or for animals, is high. The major reason for high costs is that the medical equipment is expensive to buy and run a test centre, that includes devices from blood testing machines, to physiological monitors (like ECGs, anaesthetic monitors etc.), to diagnostic imaging technology (from x-rays to ultrasound to MRI scanners). It may be possible to offer some types of veterinary care on a budget, but the cost is likely to have a poorer hit rate with accurate diagnoses, and therefore, less effective treatments, with less favourable outcomes. Few pet owners are prepared to bear the high costs, but these owners are very limited in number.
Geographical Insights of Middle East and Africa Veterinary Diagnostics Market
On the basis of geography, Middle-East & Africa healthcare market is segmented as Saudi Arabia, UAE, Israel, and others. The market growth in these nations can be attributed to the increasing animal population, rising demand for animal-derived food products, growth in pet insurance, and rising animal health expenditure in Middle-East & Africa.
Some of the promising companies leading the Advanced Composite Market are:
- ABAXIS Inc.
- Thermo fisher Scientific Inc.
- Heska Corporation
- VCA Inc.
- Neogen Corporation
- Zoetis Inc.,
A few other prominent players in the market are
- IDEXX Laboratories
- Mindray Medical International Ltd.
- GE Healthcare
- Agfa Healthcare
This research report includes following segmentation for the Middle East and Africa Veterinary Diagnostics Market size and forecast 2018 - 2025
Middle East and Africa Veterinary Diagnostics Market - By Animal Type
- Food Producing animals
Middle East and Africa Veterinary Diagnostics Market - By Product
Middle East and Africa Veterinary Diagnostics Market - By Technology
- Clinical Chemistry
- Electrolyte Analysis of Blood Gases
- Diagnostic Imaging
- Blood Glucose Monitoring
- Molecular Diagnosis
Middle East and Africa Veterinary Diagnostics Market - By End User
- Hospitals and Veterinary Clinics
- Research Institutes
- Reference Laboratories
- Internal Tests
Middle East and Africa Veterinary Diagnostics Market - By Region