From 2013 to 2023, the veterinary vaccines market (excluding foot and mouth disease) in Mauritius reached 2.7951 million USD in 2023. The market's growth was characterized by fluctuations, peaking initially in 2013, a dip until 2016, and a steady increase from 2019 onwards. The most recent five-year CAGR indicates an average annual growth rate of 1.59%, showing moderate yet consistent growth. Year-on-year variations reveal a small but positive trend in the past couple of years, with steady increases since 2019.
Future trends to watch include:
- Innovation in vaccine technology to target emerging animal diseases.
- Increased investment in veterinary infrastructure and healthcare capacity.
- Potential impacts of regulatory changes on import and export activities in the region.