Middle East & Africa Livestock Diagnostics Market: Driving Innovations in Veterinary Care


Posted April 26, 2024 by maddyharshu

Over the last century, there has been an alarming increase in the number, frequency, and diversity of zoonotic disease outbreaks
 
According to this latest publication from Meticulous Research®, the Middle East & Africa livestock diagnostics market is expected to grow at a CAGR of 9.6% from 2024 to reach $39.7 million by 2031. The growth of this market is driven by the increasing livestock population, growing instances of animal disease outbreaks, the rising demand for animal-derived food products, and the growing risk of zoonotic diseases in the region. Additionally, the growing government focus on increasing self-sufficiency and reducing food imports from other countries and the rising awareness regarding animal health and food quality in the region are expected to generate growth opportunities for the stakeholders in this market. However, the underdeveloped animal diagnostic infrastructure in low-income countries of the region is a major challenge impacting the growth of this market.

Key Players
The key players operating in the Middle East & Africa livestock diagnostics market are IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux S.A. (France), Neogen Corporation (U.S.), IDvet (France), FUJIFILM Holdings Corporation (UAE), VMRD, Inc. (U.S.), and GD Animal Health (Netherlands).

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Key Questions Answered in the Report:
• What is the current revenue generated through the sale of livestock diagnostic products in the Middle East & Africa?
• At what rate is the demand for livestock diagnostic products in the Middle East & Africa projected to grow over the next 5–7 years?
• What was the historical market size and what is the growth rate of the Middle East & Africa livestock diagnostics market?
• What are the major factors impacting the growth of this market at the country level? What are the major opportunities for existing market players and new entrants in the market?
• Which segments in terms of product, technology, animal type, and end user are creating major traction for the vendors in this market?
• What are the key geographical trends in this market? Which countries are expected to offer significant growth opportunities for the vendors operating in the Middle East & Africa livestock diagnostics market?
• Who are the major players in the Middle East & Africa livestock diagnostics market? And what are their specific product offerings?
• What are the recent strategic developments in the Middle East & Africa livestock diagnostics market, and what are the impacts of these developments on the market ?

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Issued By harshita madhale
Country United States
Categories Health , Research
Tags middle east africa livestock diagnostics market , livestock diagnostic tests , livestock health animal health monitoring
Last Updated April 26, 2024