The Middle East and Africa animal healthcare market consists of products used for the prevention, control, and treatment of disease for companion and food producing animals. The products include vaccines, parasiticides, anti-infectives, medical feed additives, and others. Animal healthcare products help ensure better food safety and prevent zoonotic diseases from being transmitted to humans. The growing companion animal population in the region has augmented the demand for animal healthcare products to keep pets healthy. The Global Middle East and Africa Animal Healthcare Market is estimated to be valued at US$ 5478.77 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Middle East And Africa Animal Healthcare Market Demand are Siegfried, Sanofi, Johnson Matthey, Mallinckrodt, Noramco, Unichem Laboratories, Arevipharma GmbH, Resonance-labs, Sun Pharmaceutical Industries Ltd., Rusan Pharma, Micro Orgo Chem, and Faran Shimi Pharmaceutical Co. The region has seen a rise in pet adoption rates over the past decade, especially dogs and cats. This has boosted the sales of veterinary pharmaceuticals and other ancillary products in the region. Various countries in the Middle East and Africa are also witnessing rising livestock population which will augment the demand for animal healthcare products going forward. Key players are investing in research and development activities to develop novel therapeutics and launch new product lines to capture additional market share in the high growth region.

Market Drivers

The key driver fueling the Middle East and Africa animal healthcare market growth is the rising pet adoption rates across many countries. As disposable incomes rise, people are acquiring more dogs, cats, and other companion animals. This has led to increased spending on quality pet food and healthcare products to keep pets healthy. Veterinary medicines, vaccines, and services are being increasingly utilized for animal disease prevention and treatment. Growth in livestock population especially cattle and poultry is another major factor driving market revenues as animal healthcare products are important to ensure productivity and food safety.

Impact of geopolitical situation on Middle East And Africa Animal Healthcare market growth

The Middle East and Africa animal healthcare market is witnessing rapid growth due to increasing demand for livestock and companion animals. However, political instability and internal conflicts in some regions are negatively impacting market expansion. Continuous wars and civil unrest in countries like Yemen, Libya, Somalia have disrupted veterinary supply chains and infrastructure development. This has hampered effective service delivery and access to quality drugs and vaccines in conflict zones. Rising terrorism also poses threats to lives of animal health professionals working in remote rural areas.

The market players will need to devise innovative strategies to overcome security challenges and continue operations under difficult conditions. They could consider partnering with local NGOs and aid organizations working in vulnerable regions. Stockpiling essential supplies and mobilizing mobile veterinary units can help provide urgent care during times of emergencies. Governments need to prioritize animal welfare and ensure sufficient funding for rebuilding services destroyed due to violence and restoring normalcy. Peace talks and resolving political issues would go a long way in stabilizing the situation and reigniting market growth.

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