Middle East and Africa Veterinary Rapid Test Market Outlook and Strategic Insights by 2028

The veterinary rapid test market in MEA is expected to grow from US$ 34.12 million in 2021 to US$ 55.54 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.

Saudi Arabia, South Africa, and UAE are major economies in MEA. The veterinary rapid test market is characterized by the presence of various small and big companies. The market players are adopting the strategies such as new product launch, regional expansion, and technological advancements to increase their market share. Rising demand for rapid tests, point of care testing, and portable instruments are encouraging the new product launches in veterinary rapid testing. Point-of-Care (PoC) testing enables rapid results in non-laboratory veterinary setting and also increases productivity. These tests are cost-effective and encompass a wide range of diseases. Moreover, the growing demand for point-of-care diagnostics products is further driving product innovations in the market. Market players are investing in R&D to develop advanced technologies and gain more revenue share.

The coronavirus has had a significant impact in the Middle East and Africa. Several increasing COVID-19 cases have been reported, including South Africa (2,553,466), Israel (900,482), United Arab Emirates (692,964), and Saudi Arabia (533,516) on 9th August 2021. The pandemic has increased the demand for medical devices. The region is experiencing an increasing number of drugs that present strained health systems with diverse diagnostic and therapeutic challenges, increasing medical devices. The lockdown in key countries has impacted the supply of domestic food and other goods and services. Countries are grappling with food shortages, and livestock farming has been particularly hard hit. Middle Eastern countries mainly consume beef. The lockdown has also impacted the travel business, and imports and exports are badly affected. Countries are the largest practices for dairy products; therefore, the supplies for the food feed and the additives for animals face shortages. The veterinary rapid test market in these regions is therefore moderately affected. Agricultural and zoonotic infectious diseases do not respect wealth or borders. Outbreaks of the novel, recurring, and transboundary animal diseases can have devastating effects on the individual, community, regional, and even global levels - as has been all too evident with the ongoing African Swine Fever (ASF) epidemic and the global COVID-19 pandemic, which is currently turning the lives and livelihoods of billions of people around the world upside down. However, segments of the medical industry, including rapid veterinary testing equipment, suffered losses during the COVID-19 pandemic due to limited manufacturing and supply chain facilities. The increasing number of cases of Covid cases in animals has also led to increased diagnosis and monitoring. This pandemic is affecting the operations of the various key players operating in the rapid veterinary testing market in the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive veterinary rapid test market. The MEA veterinary rapid test market is expected to grow at a good CAGR during the forecast period.

MEA Veterinary Rapid Test Market Segmentation

     

MEA Veterinary Rapid Test Market – By Product

• Rapid Test Kits
• Rapid Test Readers

MEA Veterinary Rapid Test Market – By Application

• Viral Diseases
• Bacterial Diseases
• Parasitic Diseases
• Allergies
• Other Applications

MEA Veterinary Rapid Test Market – By Animal Type

• Livestock Animals
  • Cattle
  • Poultry
  • Swine
  • Others
• Companion Animals
  • Dogs
  • Cats
  • Horses
  • Others

MEA Veterinary Rapid Test Market- By Country

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

MEA Veterinary Rapid Test Market-Companies Mentioned

• HESKA CORPORATION
• Swissavans AG
• Virbac
• Woodley Equipment Company Ltd
• Zoetis Inc.

Middle East and Africa Veterinary Rapid Test Report Scope