Middle East & Africa Veterinary Medicine Market to grow with a CAGR of 5.60% through 2028
The
surge in zoonotic diseases among livestock animals is expected to drive the Middle
East & Africa Veterinary Medicine Market in the forecast period 2024-2028.
According
to TechSci Research report, “Veterinary Medicine Market – Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Middle
East & Africa Veterinary Medicine Market is valued at USD 873.18
million and is expected to grow with a CAGR of 5.60% through the forecast
period. Also, the market is expected to reach 1.11 billion by 2028. This can be
ascribed to collaborations and partnerships among leading companies with a
diverse approach to merge the expertise of individual companies and to
strengthen their position in the market.
The Middle East and Africa Veterinary Medicine Market
is experiencing a substantial surge in demand, driven by two pivotal factors:
the escalating consumption of meats and the implementation of mandatory
vaccination protocols for animals. These converging trends are reshaping the
landscape of veterinary medicine, with profound implications for the region's
animal health and food production industries.
The burgeoning consumption of meats across the
Middle East and Africa is a consequence of evolving dietary preferences and
increasing affluence. As economies grow and living standards improve, there is
a notable shift towards diets that are rich in animal protein. This dietary
transition, often termed the "nutrition transition," is characterized
by a shift from traditional, plant-based diets towards a higher intake of
meats, dairy, and processed foods. As a result, the demand for livestock
production has witnessed an unprecedented upswing, necessitating a parallel
focus on animal health. Ensuring the well-being of livestock is paramount to
meet the rising demands of the meat industry. This is where mandatory
vaccination programs play a pivotal role. Governments across the Middle East
and Africa are implementing rigorous vaccination requirements to safeguard the
health of animals raised for food production. These protocols are designed to
mitigate the risk of infectious diseases, which can have devastating
consequences on livestock populations and, subsequently, on the meat supply
chain.
Mandatory vaccination programs encompass a range of
vaccines designed to protect against various diseases that pose a threat to
livestock. These include vaccines against foot and mouth disease, avian
influenza, brucellosis, and other highly contagious illnesses. By making
vaccination a mandatory practice, governments aim to establish a comprehensive
defense against these diseases, ensuring the health and productivity of
livestock.
Moreover, mandatory vaccination programs have a
profound impact on public health. Many of the diseases targeted by these
programs are zoonotic in nature, meaning they can be transmitted from animals
to humans. By preventing the spread of these diseases in livestock populations,
governments are simultaneously reducing the risk of human exposure,
safeguarding the health of both agricultural workers and consumers.
In addition to their role in disease prevention,
vaccines also contribute to sustainable and ethical animal farming practices.
By reducing the incidence of disease, vaccines can lead to a decrease in the
use of antibiotics and other pharmaceutical interventions in livestock
production. This promotes a more environmentally sustainable and socially
responsible approach to animal agriculture.
However, the high costs associated with animal
healthcare and the lack of skilled professionals are expected to slow down the
growth of the market in the coming years.
Browse
over XX market data Figures and spread through 110 Pages and an in-depth TOC
on "Middle East & Africa Veterinary
Medicine Market.”
Middle East & Africa Veterinary Medicine Market
segmentation is based on Animal Type, Product type, End User, Source, Company, and
Region.
Some
of the major companies operating in the Middle
East & Africa Veterinary Medicine Market include:
- Merck
Animal Health
- Dechra
Veterinary Products
- Bioveta
Middle East FZ-LLC
- Elanco
- Boehringer
Ingelheim Ltd.
- MSD
Animal Health
- Virbac
Group
- VAPCO
Manufacturing Co. Ltd.
- Saudi
Pharmaceutical Industries
- United
Company for Veterinary Medicines Industry
Download
Free Sample Report
Customers can also request for 10% free
customization on this report.
“Certain regions, particularly the Saudi
Arabia, are projected to exert significant demand for Veterinary Medicine worldwide.
The growth in the competitive landscape and the presence of well-established
companies in the market. The Middle East and Africa (MEA) Veterinary Medicine
Market is a dynamic and rapidly evolving sector that plays a crucial role in
supporting the health and well-being of animals across the region. This
expansive market encompasses a wide array of products and services tailored to
meet the diverse needs of both companion animals and livestock. Therefore, the
market is expected to contribute to a remarkable growth in the forecast period,"
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
Middle East
& Africa Veterinary Medicine Market, By Animal Type (Production Animals,
Companion Animals), By Product Type (Pharmaceuticals, Vaccines, Feed Additives),
By End User (Veterinary Clinics, Veterinary Hospitals, Others), By Source
(Domestic, Import), By Country, By Competition, Forecast & Opportunities,
2028F has evaluated the future growth
potential of Middle East & Africa Veterinary Medicine Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Middle East & Africa Veterinary Medicine Market.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com