Middle East & North Africa Veterinary Pharmaceuticals Market to be dominated by the growing incidences of infectious diseases through 2028.
Increasing number of
infectious diseases and rising pet adoption will drive the growth of Middle
East & North Africa Veterinary Pharmaceuticals Market in the forecast
period, 2024-2028.
According to TechSci Research report, “Middle
East & North Africa Veterinary Pharmaceuticals Market –Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028”,
Middle East & North Africa Veterinary Pharmaceuticals Market will see robust
growth during the forecast period. This can be
attributed to the rising prevalence of infectious diseases in animals in the
years ahead. The expansion of the market in upcoming years is being boosted by
the increase in livestock animal output.
Additionally, the market expansion in the
expected period will be influenced by rising meat consumption, an increase in
veterinary hospitals, and an increase in pet adoption.
Furthermore, in the coming years, the
Middle East & North Africa Veterinary Pharmaceuticals market's growth will
be restrained by factors such as strict rules regulating the use of
antibiotics, rising costs for animal testing, high costs associated with animal
services, and lack of infrastructure.
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Middle East &
North Africa Veterinary Pharmaceuticals Market can be segmented by animal,
product, and country.
Middle East & North
Africa Veterinary Pharmaceuticals Market can be divided into segments, livestock
animals, poultry and pets based on animals. Due to the increasing use of
livestock animals to produce milk, meat, and eggs from low-value materials,
that are inedible or unpalatable to humans, as well as the fact that livestock
decrease the availability of food by competing with people for food,
particularly grains fed to pigs and poultry, the livestock industry is
predicted to gain the largest share in the coming years.
Based on the product, the
Middle East & North Africa Veterinary Pharmaceuticals market is divided
into antibacterial, anthelmintics, anticoccidials, anti-inflammatories,
metabolic enhancers and nutritional supplements. In projected years, the
antibacterial segment is anticipated to gain the highest share. This is
addressed by the need for antibacterial medication while treating infectious
disorders caused by bacteria. Antimicrobial drugs are utilized in agriculture
to improve productivity by boosting feed conversion, growth rate, or yield.
Major companies operating in Middle East & North Africa
Veterinary Pharmaceuticals Market are:
- United Company For Veterinary Medicines
Industry (UNIVET)
- MSD Animal Health
- Al Mutawwaj Veterinary Pharmaceutical
Industries
- Boehringer Ingelheim Ltd.
- VAPCO Manufacturing CO. Ltd.
- AlQuds Pharmaceutical Group
- Megavet Veterinary Medicine LLC
- The Arab Pesticides and Veterinary Drugs
Mfg.Co (Mobedco)
- Saudi Pharmaceutical Industries
- Virbac Group
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“The market for
veterinary pharmaceuticals in the Middle East and North Africa is anticipated
to grow rapidly in the next years. This is brought by the spread of contagious
diseases and the rising popularity of pets. Additionally, it is anticipated
that the market for veterinary pharmaceuticals in the Middle East and North
Africa will rise over the course of the anticipated years due to rising meat
consumption and insurance coverage for veterinary treatment. The market's
expansion will be hampered by the high cost of animal testing and services, and
limited supply of various types of animal healthcare equipment.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Middle
East & North Africa Veterinary Pharmaceuticals Market By Animal {Livestock
Animals (Equine, Bovine & Camel, Ovine, Caprine), Poultry (Breeders,
Broilers), Pets (Canine, Feline)}, By Product {Antibacterial (Water Soluble
Powder, Oral Solutions, Feed Premixes, Injectables, Others), Anthelmintics
(Oral Powder, Oral Suspensions, Injectables, Others), Anticoccidials (Oral
Solutions, Feed Premixes, Others), Anti-inflammatories, Metabolic Enhancers,
Nutritional Supplements}, Country, Competition, Forecast & Opportunities,
2018-2028F”, has evaluated the future growth potential of Middle East
& North Africa Veterinary Pharmaceuticals Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Middle East & North Africa Veterinary
Pharmaceuticals Market.
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