The Middle East and
Africa animal healthcare market involves products like biologics,
pharmaceuticals, medicinal feed additives and vaccines that prevent and treat
diseases in companion animals and livestock. Biologics segment includes
therapeutic antibodies, recombinant proteins, growth factors and cytokines.
Pharmaceuticals involve parasiticides, anti-infectives, anti-inflammatory,
analgesics and others. The needs for animal healthcare products are growing
owing to rising prevalence of zoonotic diseases, increasing reliance on animal
protein and rising pet adoption. The market is witnessing rising demand for
advanced therapies like stem cell therapy and gene therapy for chronic
conditions.
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 2031.
Key Takeaways:
Key players operating in the Middle
East And Africa Animal Healthcare Market Growth 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 players are focusing on new
product launches and geographical expansion to gain leading position in the
market.
The demand for animal healthcare products in the region is growing owing rising
pet adoption and increasing awareness about pet healthcare among owners. pets
are now considered as companions, and pet owners are willing to spend more on
pet healthcare needs. According to data, over 50% of households own a pet in
major countries like South Africa, UAE and Saudi Arabia.
Technological advancements like 3D printing, AI and big data analytics are
helping manufacturers develop novel biologics rapidly and customization of
diagnostics and treatment. Mobile apps for remote monitoring of pets and
electronic medical records are enabling on-demand access to veterinary services
driving demand and compliance.
Market Trends:
- Growing preference for online channels: E-commerce platforms are gaining
traction in the region for purchasing animal healthcare products owing to
convenience and discounts. Major players are focusing on strengthening their
online presence.
- Adoption of stem cell therapy: Stem cell therapy holds potential to treat
chronic conditions in animals and research is ongoing to validate its efficacy.
Increased investments are being made in this area to develop new applications.
Market Opportunities:
- Focus on livestock healthcare: With growing meat consumption, focus on
livestock health and productive farming will increase. Opportunities exist for
novel vaccines, feed additives and reproductive management products.
- Pet insurance: Pet healthcare insurance is still in nascent stage but has
high growth prospects with rising pet humanization trend. Insurers can partner
with veterinary clinics and pet product manufacturers.
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