The Middle East veterinary vaccine industry is projected to experience steady growth, with an anticipated expansion at a compound annual growth rate (CAGR) of 4% through 2033. The demand outlook for veterinary vaccines in the region is valued at USD 627.1 million in 2023, and by 2033, sales are expected to surpass USD 973.8 million.
This growth in the veterinary vaccine market is driven by several factors, including the increasing awareness of animal health, rising livestock populations, and the growing demand for quality meat and dairy products. Additionally, heightened focus on zoonotic diseases and the importance of vaccination in preventing outbreaks are further fueling market demand.
This anticipated growth reflects a rising demand for veterinary vaccines across the region, driven by several key factors. Increasing awareness of animal health and welfare, coupled with advancements in vaccine technology, is propelling the need for effective vaccination solutions. Veterinary vaccines play a crucial role in preventing and controlling diseases among livestock and companion animals, thereby supporting both animal health and public safety.
This growth is driven by increasing awareness of animal health, advancements in veterinary medicine, and a rising demand for effective vaccines to combat animal diseases across the region. The Middle East is experiencing an upsurge in investment in veterinary healthcare infrastructure, which is further fueling the demand for innovative vaccine solutions.
The rebound of economic prosperity in MEA markets is expected to contribute towards increased demand for processed healthy meat products. This will fuel the demand for effective vaccination of livestock, especially in major animal farming and meat-producing nations in the region with a diversified herd such as Sudan, Turkey, Egypt, and KSA.
Rising per capita disposable income levels are largely contributing to the demand for processed food items. This is expected to drive the growth of veterinary vaccines in poultry and livestock segments.
The key players in the veterinary vaccine industry are focusing on finding innovative products to control zoonotic infection rates. Along with this, various advancements in biotechnology are expected to create a favorable platform for the development of various veterinary vaccines in developing markets such as UAE, KSA, Turkey, and Jordan. These techniques include next-generation sequencing, synthetic biology, and systems biology, among others.
Further, continued investments in multi-disciplinary vaccinology research could improve vaccine development efficiency and shorten the time-to-market for upcoming veterinary vaccines.
Key players are working on innovative products, conducting acquisitions, mergers, and agreements with other companies to improve their market presence and tap into less competitive emerging markets.
For instance, In September 2018, Boehringer Ingelheim announced that they would be donating 75,000 doses of rabies vaccines to the Global Alliance for Rabies Control, as an effort to recognize World Rabies Day on September 28th.
Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level and help companies to sustain the increasing competitive pressure.
Key Takeaways from the Middle East Veterinary Vaccines Industry Study
- The Middle East veterinary vaccine market is expected to grow consistently, reaching a projected value of US$ 973.8 million by 2033.
- This growth is driven by a CAGR of 4%, indicating a steady increase in demand for veterinary vaccines.
- The current market size stands at US$ 627.1 million in 2023, highlighting the existing base for further expansion.
“Increased demand for processed meat products around the world will drive the demand for veterinary vaccines market in the Middle East,” says the FMI Analyst.
The key market players of the Middle East veterinary vaccines market include :
JOVA, Bioveta, Inc., Intervac Pvt. Ltd., Zoetis, Elanco, Merial, Merck & Co. Inc, Bayer Pharma AG, Ceva and Boehringer Ingelheim.
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Middle East Veterinary Vaccines Industry, by Category
By Vaccine:
- Attenuated Live Vaccines
- Inactivated Vaccines
- Toxoid Vaccines
- DNA Vaccines
- Recombinant Vaccines
- Others
By Animal:
- Companion Animals
- Canine
- Avian
- Feline
- Livestock Animals
- Aquatic
- Bovine
- Porcine
- Small Ruminant
- Poultry
- Equine
By Disease Indication:
- Foot and Mouth Disease
- Newcastle Disease
- PPRS
- Canine Parvovirus
- Brucellosis
- Avian Influenza
- Others
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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