Middle East and Africa Veterinary Imaging Market Size, Segment and Forecast analysis till 2025 | Research Cosmos
Middle East and Africa Veterinary Imaging Market Overview:
Size of the Middle East and Africa Veterinary Software Market was worth USD 45.9 million in 2018 and estimated to be growing at a CAGR of 6.42%, to reach USD 70.3 million by 2025. This market is showcasing the obvious potential in the mentioned forecasting period. The market continues to gain momentum with rapid development in the medical industry. Veterinary imaging equipment is the device specially designed for imaging the animal body for accurate diagnosis of its health. It is essential in disease diagnosis followed by treatment.
Veterinarians offices require a solution to assist manage administrative functions and patient data. From starting contact with patients and pet owners to automatic reminders and billing, veterinary software is designed to ease operations for smooth patient handling.
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Drivers and Restraints:
Middle-East & Africa Market for veterinary imaging is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting the animals and the need to perform various tests has increased gradually. In service, an increase in purchase and usage of various diagnostic instruments that are utilized in veterinary practices, in-clinic diagnostic procedures, high-income households that keep pets and regular hospital visits are propelling the growth of this market.
However, increasing the adoption of vegetarian food due to changing food habits, the economic downturn, the increased risk of obesity, exposure to global cuisines, and other diseases are some of the factors affecting the growth.
Additionally, the rising livestock population, increasing pet ownership and growing spending of animal care are some of the prominent factors driving market growth. Increase cases of chronic and zoonotic diseases among pets are further pushing the demand for veterinary imaging equipment. Rising cases of pet injuries, accidents, and a growing number of animal healthcare facilities are likely to boost the market growth.
On the flip side, veterinary diagnostic products are complex as they are difficult to manufacture. Various tests that the doctor uses to diagnose disease require highly specialized instruments or equipment. The high cost of the equipment is restraining market growth.
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Geographical Insights
On the basis of geography, the market is segmented into the Middle East and Africa. The market in this region is expected to grow significantly during the forecast period due to the presence of prominent manufacturers in countries like UAE, Kuwait, South Africa, Egypt and others.
Some of the prominent players covered in this Middle East and Africa Veterinary Imaging Market Report are: VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc. Henry Schein, Inc., Patterson Companies, Inc, Firmcloud Corporation, Animal Intelligence Software, Inc.
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