At 6.9% CAGR, the Middle East & Africa Veterinary Diagnostics Market is Projected to be Worth US$ 367.34 Million by 2030, Says Business Market Insights

According to Business Market Insights research, the Middle East & Africa veterinary diagnostics market was valued at US$ 214.82 million in 2022 and is expected to reach US$ 367.34 million by 2030, registering a CAGR of 6.9% from 2022 to 2030. Technological advancements in veterinary diagnostics and growing ownership of companion animals are among the critical factors attributed to the Middle East & Africa veterinary diagnostics market expansion.

The practice of veterinary medicine has undergone rapid change, allowing veterinarians to provide quicker diagnoses and more precise prognoses. Treatment techniques that were solely meant for humans are now utilized for treating companion animals. X-ray films have been replaced by digital radiographs, allowing digital communication, thorough assessment, and effective treatment. The advancement of digital dental X-rays and oral surgery instruments allow veterinarians to improve the oral health of pets. Recent innovations focus on providing better care for pets, not just in clinics but also on improving overall preventive care. Wearables for animals are gaining significant traction to monitor the vitals such as body temperature, heart rate, respiration rate, and pH level. Further, wearable devices lead to better, quicker, and more accurate diagnoses and treatments. By using these technologies, pets can recover faster after surgery and return to normalcy in less time.

Similarly, 3D printing technology is instrumental in surgical procedures for animals. Veterinarians can have near-real information about the interior skeletal and muscular systems of the animal undergoing surgery. The information gathered from computed tomography scans facilitates rapid prototyping, allowing for the creation of animal bone models. 3D printing technology used for manufacturing custom-designed prosthetics helps the animals regain mobility and improve their quality of life.

Veterinary medicine has benefited from advances such as microchip fracture detection for broken bones and surgical monitoring devices, as well as laser eye surgery and oral pill cameras that capture 360-degree internal images when swallowed.

Thus, the growing technological advancements in the field of veterinary medicine provide more opportunities for the Middle East & Africa veterinary diagnostics market growth.

On the contrary, lack of skilled professionals in veterinary research hampers the growth Middle East & Africa veterinary diagnostics market.

Based on product, the Middle East & Africa veterinary diagnostics market is bifurcated into instruments and consumables. The instruments segment held 65.4% share of the Middle East & Africa veterinary diagnostics market in 2022, amassing US$ 140.59 million. It is projected to garner US$ 229.21 million by 2030 to expand at 6.3% CAGR during 2022-2030.

By technology, the Middle East & Africa veterinary diagnostics market is segmented into immunodiagnostics, clinical biochemistry, hematology, molecular diagnostics, and other veterinary diagnostic technologies. The immunodiagnostics segment held 40.7% share of the Middle East & Africa veterinary diagnostics market in 2022, amassing US$ 87.49 million. It is projected to garner US$ 164.21 million by 2030 to expand at 8.2% CAGR during 2022-2030. The immunodiagnostics segment held the largest share in 2022. The immunodiagnostics segment is further subsegmented into lateral flow assays, ELISA, immunoassay, allergen-specific immunodiagnostics test, and other immunodiagnostics. The clinical biochemistry segment is further subsegmented into clinical chemistry analysis, glucose monitoring, and blood gas and electrolyte.

By disease type, the Middle East & Africa veterinary diagnostics market is segmented into infectious diseases and non-infectious diseases. The infectious diseases segment held 62.5% share of the Middle East & Africa veterinary diagnostics market in 2022, amassing US$ 134.28 million. It is projected to garner US$ 237.60 million by 2030 to expand at 7.4% CAGR during 2022-2030.

By animal type, the Middle East & Africa veterinary diagnostics market is bifurcated into livestock animals and companion animals. The companion animals segment held 69.6% share of the Middle East & Africa veterinary diagnostics market in 2022, amassing US$ 149.58 million. It is projected to garner US$ 265.02 million by 2030 to expand at 7.4% CAGR during 2022-2030. The livestock animals segment is further subsegmented into cattle, pigs, poultry, and other livestock animals. The companion animals segment is further subsegmented into dogs, cats, horses, and other companion animals.

By end user, the Middle East & Africa veterinary diagnostics market is segmented into veterinary hospitals and clinics, animal diagnostic laboratories, and veterinary research institutes and universities. The veterinary hospitals and clinics segment held 52.5% share of the Middle East & Africa veterinary diagnostics market in 2022, amassing US$ 112.68 million. It is projected to garner US$ 200.05 million by 2030 to expand at 7.4% CAGR during 2022-2030.

Based on country, the Middle East & Africa veterinary diagnostics market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. South Africa held 31.5% share of Middle East & Africa veterinary diagnostics market in 2022, amassing US$ 67.56 million. It is projected to garner US$ 125.45 million by 2030 to expand at 8.0% CAGR during 2022-2030.

Key players operating in the Middle East & Africa veterinary diagnostics market are FUJIFILM Holdings Corp, Heska Corp, Idexx Laboratories Inc, Merck Animal Health, Neogen Corp, Randox Laboratories Ltd, Thermo Fisher Scientific Inc, Virbac SA, and Zoetis Inc, among others.

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