Middle East And Africa Animal Healthcare Market Size and Trends

Middle East And Africa Animal Healthcare Market, By Product Type (Anti-infective, Anti-inflammatory, Vaccines (FMD Vaccines, Rabies Vaccines, and Others), Hormones & Substitutes, and Others), By Animal Type (Livestock (Bovine, Porcine, Ovine, and Poultry), and Companion (Canine and Feline)), By Route of Administration (Oral and Parenteral), By Disease Indication (Viral Diseases, Bacterial Diseases, Fungal Diseases, and Others), By Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Retail Pharmacies, and Online Pharmacies), and By Region (Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Sep 2020

Code : CMI3019

Pages :244

Formats :

Excel and PDF

Industry : Pharmaceutical

Middle East And Africa Animal Healthcare MarketSize and Trends

The Middle East & Africa animal healthcare market is estimated to be valued at US$ 3,883.0 million in 2020 and is expected to exhibit a CAGR of 5.2% during the forecast period (2020-2027).

Figure 1. Middle East & Africa Animal Healthcare Market Share (%) in Terms of Value, By Region, 2020

Increasing incidence of zoonotic viral pathogens is expected to propel the market growth during the forecast period

Increasing incidence and prevalence of zoonotic viral diseases in the region, as zoonotic diseases can easily be transmitted to humans working in close proximity with animals, is expected to drive growth of the Middle East & Africa animal healthcare market during the forecast period. According an article published in the National Center for Biotechnology Information, in August 2019, around 21,476 human deaths in Africa occur due to dog-mediated rabies every year.

Figure 2. Middle East & Africa Animal Healthcare Market Share (%) in Terms of Value, By Product Type, 2020

Increasing demand for protein from animal source is expected to drive the market growth during the forecast period

Increasing demand for animal-based products for dietary use in the Middle East and Africa is expected to propel growth of the market during the forecast period. The significant increase in animal farming in the region has also led to rising demand for more efficient animal health services to improve food safety. According to United States Department of Agriculture (USDA), the chicken meat production in Saudi Arabia was expected to reach 650,000 MT in 2018 and 700,000 MT in 2019. The local authorities in the Middle East and Africa regions are also regularly organizing workshops to provide information about improving poultry production.

Middle East & Africa Animal Healthcare Market – Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has had a significant impact on the livestock sector. The actions taken in many countries across the world to stop the spread of the coronavirus such as travel restrictions, nationwide lockdowns, and border controls have led to the following consequences:

Difficulty in transporting live animals and animal products such as milk, meat, and eggs
Restrictions and limitations on seasonal border crossings with ruminants
Restricted capacity to purchase necessary production inputs
Restricted access to labor and professional services

Such factors have led to a decrease in sales and processing capacity of animal products, and a slowdown of the market growth.