by It comprises veterinary pharmaceuticals such as anti-infectives, parasiticides, anti-inflammatory, anesthetics, and others. These pharmaceuticals help in prevention, treatment, and management of diseases affecting livestock and companion animals. The market also includes veterinary vaccines that help build immunity in animals against various infectious diseases. With rising awareness regarding animal health and welfare, the demand for pharmaceuticals and vaccines has increased significantly.
The Global Middle East And Africa Animal Healthcare Market is estimated to be valued at US$ 5478.77 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Middle East And Africa Animal Healthcare are Siegfried, Sanofi, Johnson Matthey, Mallinckrodt, Noramco, Unichem Laboratories, Arevipharma GmbH, Resonance-labs, Sun Pharmaceutical Industries Ltd., Rusan Pharma, Micro Orgo Chem, and Faran Shimi Pharmaceutical Co.
The key opportunities in the market include growing pet ownership, focus on zoonotic diseases, and outsourcing of vaccines production. Increasing awareness regarding animal welfare is also driving various innovation in veterinary pharmaceuticals and vaccine technologies.
Technological advancements in the market include development of new active pharmaceutical ingredients, advanced vaccine delivery technologies, and use of AI and digital platforms for preventive healthcare of animals.
Market drivers
The key driver for the Middle East And Africa Animal Healthcare Market Size is the increasing awareness regarding the need for prevention and timely treatment of diseases in livestock and companion animals. Proper healthcare ensures high animal productivity and food safety. It also helps curb the economic losses suffered due to mortality and morbidity of animals. Growing focus on food security across Africa is fuelling the adoption of advanced livestock management practices and veterinary healthcare solutions. This is positively impacting the growth of the animal healthcare market.
Current Challenges in Middle East And Africa Animal Healthcare Market
The Middle East and Africa animal healthcare market faces several challenges. High cost of veterinary care in the region restricts widespread adoption of advanced animal treatment options. Lack of proper infrastructure for animal healthcare services in many countries impacts timely treatment and management of animal diseases. Shortage of trained veterinarians and inadequate veterinary education facilities further aggravates the challenge. Illegal sale and usage of counterfeit veterinary drugs is another concern undermining the quality of livestock care. Poverty prevents small scale farmers from regularly vaccinating livestock or implementing preventive healthcare routines. Warm and humid climatic conditions favor rapid spread of transboundary and zoonotic diseases in the region.
SWOT Analysis
Strength: Large livestock population and scope for growth of veterinary care sector. Growing demand for animal protein and dairy drives market growth.
Weakness: Underdeveloped veterinary infrastructure in many nations. Shortage of trained professionals and awareness about modern animal healthcare.
Opportunity: Potential to improve animal welfare, food safety and nutrition through advanced treatment options. Scope for public private collaborations to strengthen veterinary R&D and education.
Threats: Risk of cross border disease outbreaks due to lack of regional coordination. Competition from counterfeit and illegal veterinary drugs. Vulnerability to climate change impacting livestock health.
Geographical Regions
The Middle East & Africa animal healthcare market is concentrated in countries with large livestock industry and rising meat consumption. Countries like Egypt, South Africa, Sudan, Ethiopia and Nigeria account for over 50% of the total market value due to presence of huge cattle and poultry populations. Saudi Arabia and United Arab Emirates are also emerging hubs due to growing dairy and meat production. East Africa region dominated by Ethiopia and Sudan is expected to witness fastest growth owing to scope for improvements in animal health and yields. Initiatives to strengthen veterinary practices and subsidies for livestock owners may boost adoption in African nations.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
