According to the report Middle East and Africa Veterinary Diagnostics Industry, published by Market Data Forecast, The Industry which has been at $237.22 Million in 2015 is expected to grow with a CAGR of 8.63% to reach $358.9 million by 2020.
Veterinary Diagnostics provide tools for effective testing of animal health conditions to undertake preventative or remedial measures.
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For instance, lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock (large animals - cows, poultry, sheep, pigs,.) and household pets (cats, dogs,.) to test for the presence of a variety of medical conditions caused by bacteria, viruses, allergies, and fertility issues. Food animal diagnostics assist in livestock and production animal preventive care and complement other measures such as vaccination and selective breeding.
Veterinary diagnostic products are as complex as they are difficult to manufacture.
In other cases, specific training is required for the technicians performing the tests.
Middle-East & Africa Industry for Immunodiagnostics is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting the animals and the need to perform various tests has increased gradually. In turn, the Industry for Molecular diagnostics is expected to grow at a higher than that of Immunodiagnostics due to the wide scope it provides over the likes of immunodiagnostics.
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 regularly visit veterinary laboratories are propelling the growth of this Industry. However, increasing adoption of vegetarian food due to changing food habits, the economic downturn, the increasing risk of obesity, exposure to global cuisines, and other diseases are some of the factors affecting the growth.
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The Middle East and Africa veterinary diagnostics Industry is segmented by products, type of animals, and geography. The veterinary diagnostics Industry is mainly categorized by product into clinical chemistry, molecular diagnostics, haematology analysers, diagnostic imaging, immunodiagnostics, and others.
The animal Industry covers companion animals and food-producing animals. Furthermore, on the basis of geography, the Middle-East & Africa Industry is analysed under major regions namely, Middle-East and Africa.
Some of the key players in the industry include VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc.
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Key Points from Table of Contents
- Executive Summary
- Key Inferences
- New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Middle East and Africa Veterinary Diagnostics Industry: Segmentation
- By Product
- o Clinical Chemistry
- o Molecular Diagnostics
- o Haemotology
- o Diagnostic Imaging
- o Immunodiagnostics
- By Animals
- o Companion Animals
- o Food-Producing Animals
- PESTLE analysis
- Porter’s Five analysis
Industry Leaders' Analysis
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