Middle East Animal Healthcare Market Growth Challenges, Opportunities And Forthcoming Developments 2021

Precision Business Insights published a research report on "Middle East And Africa Advanced Wound Care Market: By Product Type ((Dressings (Antimicrobial Dressings, Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings), Therapy Devices (NPWT (NPWT accessories (canisters), Stand-alone NPWT devices, Portable NPWT devices, Single Use Disposable NPWT Devices), Pressure Relief Devices, Hyperbaric Oxygen Devices, Electrical Stimulation Devices, and Other Therapy Devices), Active Wound Care (Skin Substituents and Growth Factors)), By Wound Type (Skin Ulcers (Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, and Others), Surgical Wounds, Trauma Wounds, and Burn Wounds), By End-User (Hospitals/Clinics and Homecare), and By Country - Global/Region/Country Forecast to 2027".

Animal health is critical for effective utilization of resources, high protein production (meat and milk), greater customer trust and nutrition security in the livestock industry, and protection of producers and consumers from contaminated and other zoonotic viral diseases. Rabies, Rift Valley fever, dengue fever virus, West Nile fever, influenza virus, Middle East respiratory syndrome, Crimean-Congo haemorrhagic fever, Alkhurma hemorrhagic fever, and other zoonotic viral infections have been diagnosed in the Middle East and Africa region in recent years. In Saudi Arabia, the rabies virus is regarded an indigenous viral infectious illness in animals. According to recent scientific research, the frequency of rabies in camels, one of Saudi Arabia's most significant animals, is on the rise. As per World Health Organization (WHO) estimates released in 2018, the rabies virus kills over 10 million individuals each year in Africa and Asia Pacific.

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The increasing availability of e-commerce platforms that promote online pharmacies will serve as a prominent factor driving market expansion. Other factors driving market growth include an increase in the frequency of zoonotic illnesses in animals and a growing focus on the adoption of methods that promote animal health. Growth in capital investment in relation to new product releases, combined with rising personal disposable income, will provide the market with even more attractive and financially rewarding growth potential. Increasing demand for animal protein goods, rapid globalization, and a spike in the proportion of livestock will all contribute to the market's expansion. However, the government's strict restrictions for product approvals will offer a significant impediment to the market's expansion. In addition, the lack of good veterinarians in emerging economies will impede the market's rate of growth. The market's growth pace would be further slowed by the high costs of animal healthcare medications.

The Middle East Animal Healthcare Market is fragmented in terms of product type, animal type, distribution channel and end use. On the basis of animal type, the market is bifurcated into companion animal and production animal. In terms of product type, the market is categorized into medical devices, pharmaceuticals, veterinary services and others. In terms of distribution channel, the market is divided into e-commerce, retail, hospital pharmacy and others. In terms of the end use, the animal healthcare market is classified into point-of-care testing/ in-house testing, reference laboratories, veterinary hospitals and clinics and others.

Over the projected period, the Middle East and Africa animal healthcare market is expected to grow at a stable pace. This is responsible for the increase in the prevalence and incidence of zoonotic viral illnesses in the region, which can be easily transferred to humans who operate in close vicinity to animals. Over the projected period, the market is expected to rise due to rising demands for animal-based products for nutritional use across the Middle East and Africa. Additionally, growing regulatory standards execution by local and regional governments in the Middle East and Africa for overall animal healthcare enhancement is likely to boost future growth over the projection period.

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There are some major players working in middle east animal healthcare market, which include Oculus Innovative Sciences, Coloplast Corporation, Medtronic plc., Integra Life Sciences Corporation, Smith and Nephew plc, Mo-Sci Corporation, Organogenesis Inc., Molyncke Health Care, Acelity L.P. Inc., Derma Sciences Inc., Hollister Incorporated, DeRoyal Industries Inc.

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