The size of the Veterinary Healthcare Market in the Middle-East & Africa Veterinary Healthcare Market has been calculated at USD 3.36 billion in 2022. This value is further estimated to be a USD 4.67 billion market by 2027, growing at a tremendous CAGR of 6.8% from 2022 to 2027.
Veterinary medicines help in diagnosing, treating, and preventing diseases in animals. Veterinary medicine covers a wide range of animal species, which includes both domestic and wild. With the increased production of livestock animals, there is a significant growth in the animal healthcare market. The stable economy and rising population, especially in developing countries, have increased the demand for protein-rich foods.
Rising awareness among people regarding animal health, few restraints regarding the drug approval for animal healthcare, increasing love for pets is expected to drive the veterinary healthcare market. Increasing the number of foodborne diseases is also fueling the healthcare market for animals.
However, the market's growth is restrained by the increasing antibiotics regulations and the rising cost of animal testing.
This research report on the MEA Veterinary Healthcare Market has been segmented and sub-segmented into the following categories:
By Animal Type:
Geographically, MEA and APAC regions hold around 80% of the sheep and goat population, according to the data published by the Food and Agricultural Organization of the United Nations, 2018. The investments to keep the pets' healthcare safe are growing at a healthy rate in this region and are predicted to reflect in the market growth during the forecast period.
Noteworthy companies in the MEA Veterinary Healthcare Market profiled in this report are Merck & Co., Inc., Bayer AG, Boehringer Ingelheim GmbH, Cargill, Inc., Ceva Santé Animale, Novasep, Eli Lilly and Company, Koninklijke DSM N.V, Novartis AG, Nutreco N.V., Sanofi S.A., SeQuent Scientific Ltd., Virbac S.A., Vétoquinol S.A., and Zoetis Inc.
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