The size of the Middle East and Africa Veterinary Hematology Analyzers market was around USD 64.18 million in 2022. It is expected to grow at a CAGR of 7.3% to reach USD 91.28 million by 2027. It captures 8% of the global market.
Increased animal health awareness due to the high incidence of zoonotic diseases and growing demand for foods of animal origin has led governments and the food industry to undertake initiatives to take preventive animal health care measures and improve diagnosis. According to a 2014 survey, the importance of preventive pet health care has been increasingly recognized over the past years. Over 60% stated the huge increase in efforts to communicate the value and benefits of preventative care to pet owners. Such initiatives are also estimated to drive the growth of the MEA veterinary hematology analyzer market over the forecast period.
Technological evolution in the development of hematology instruments with highly sophisticated automated analyzers, providing high-quality results, high sensitivity with multi-parameter analysis, reliability, reduced downtime, safety, and ease of use. These new technologies will continue to drive the demand for benchtop veterinary hematology analyzers in the near future.
Additionally, the increased longevity of pets through improved diagnostics, growing focus by pet owners and veterinarians on wellness and disease prevention, and better nutrition and drugs will support the market growth. According to statistics from the World Organization for Animal Health, it is estimated that foot-and-mouth disease circulates in more than 77% of the world's livestock in the Middle East, Africa, and Asia. Robust adoption of new technologies will be essential for MEA veterinary hematology analyzers during the studied timeline. Expanding by international key market players with high growth potential will also provide ample growth opportunities for the MEA veterinary hematology analyzers market.
On the contrary, the high cost of products coupled with lack of government initiatives in developing economies and negligence by animal owners is likely to act as a restraining factor of the market for the growth of MEA veterinary hematology analyzer in the forecasted time frame mentioned above.
This research report on the MEA veterinary hematology analyzers market has been segmented and sub-segmented into the following categories.
By Product:
By Analysis Parameter:
By End User:
By Country:
In 2022, United Arab Emirates dominated the MEA veterinary hematology analyzer market, followed by Saudi Arabia and South Africa. Various important factors such as the rising expenditure on animal healthcare, increased awareness of zoonotic diseases, advancement in technology, entry of new products, favorable government initiatives, and presence of key players will be responsible for driving the regional market in the UAE.
Rising pet adoption, increased awareness of animal diseases and healthcare, and high disposable income is the primary reasons for the growth of the veterinary hematology analyzer market in Saudi Arabia. This region has the attention of international companies looking for new opportunities for expansion owing to high market demand.
The market in Africa is expected to exhibit the most favorable growth rate over the forecast period, which suggests the great potential for the veterinary hematology analyzer market in this region, especially in South Africa. In addition, the regional market will benefit from high meat consumption, increasing zoonotic disease outbreaks, a large number of farm animals, the popularity of sports involving animals, and rapid economic development.
KEY MARKET PLAYERS:
Companies playing a significant role in the MEA veterinary hematology analyzers market profiled in this report are Drew Scientific Inc., URIT Medical, Boule Medical AB, scil animal care, Mindray, HORIBA Medical, Clindiag Systems, IDEXX Laboratories, Inc., Abaxis, Inc., Heska Corporation, Siemens Healthcare Diagnostics Inc., HemoCue AB, Diatron and Sysmex.
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