Saudi Arabia Veterinary Medicine Market to grow with a CAGR of 4.67%
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Saudi Arabia Veterinary Medicine Market.
According
to TechSci Research report, “Saudi Arabia Veterinary Medicine Market
Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Saudi Arabia Veterinary
Medicine Market has valued at USD 165.08 million in 2022 and is anticipated to
witness an impressive growth in the forecast period with a CAGR of 4.67%
through 2028. This can be due to collaborations
and partnerships among leading companies with a diverse approach to merge the
expertise of individual companies and to strengthen their position in the
market.
Urbanization drives the demand for veterinary
medicine. Urban areas often have higher pet ownership rates, including dogs,
cats, and other small animals. The concentration of pets in urban environments
leads to increased demand for veterinary services, including routine check-ups,
vaccinations, and treatments. The urban lifestyle places a strong emphasis on
the well-being of companion animals. Pet owners in urban areas are more likely
to seek veterinary care, preventive healthcare, and specialized services for
their pets. Urban areas have higher human population densities, resulting in
more interactions between people and pets. This increased proximity can lead to
a higher risk of zoonotic disease transmission, driving the demand for
veterinary care and preventive measures. Urban veterinary clinics and hospitals
often provide a broader range of specialized services, such as cardiology,
ophthalmology, and dermatology. These services are in demand by urban pet
owners looking for the best care for their animals.
Urban
areas typically have veterinary facilities that offer emergency and after-hours
care for pets, addressing the needs of pet owners with busy work schedules and
lifestyles. Urban environments are home to various pet-related businesses, such
as grooming salons, pet daycares, and pet stores. These businesses work in
tandem with veterinary clinics and contribute to the overall demand for pet
healthcare products and services.
Browse
over XX market data Figures and spread through XX Pages and an in-depth TOC on
"Saudi Arabia Veterinary Medicine Market.”
In November 2022, in Riyadh, the Saudi Minister of
Environment, Water and Agriculture, Abdul Rahman bin Abdul Mohsen Al-Fadhli,
officially launched the Aquatic Animal Diseases Network in the Middle East, as
reported by the Saudi Press Agency. The primary objectives of this network are
to enhance the aquaculture industry, emphasize the significance of aquatic and
marine species in food production, manage disease transmission to ensure
sustainable growth in regional aquaculture production, provide training for
veterinarians and aquatic health specialists, and facilitate collaboration
among international organizations offering aquatic health services.
The
shortage of skilled professionals is a significant challenge in the Saudi
Arabia Veterinary Medicine Market. While Saudi Arabia has made efforts to
develop its veterinary educational infrastructure, there may still be
limitations in terms of the number of veterinary schools and training programs
available to produce enough skilled professionals. The growing demand for
veterinary services, particularly in urban areas and among pet owners, has
outpaced the supply of skilled veterinarians and veterinary technicians. As the
field of veterinary medicine becomes more specialized, there is a need for
professionals with expertise in various areas such as surgery, cardiology,
dermatology, and exotic animal care. Finding professionals with specialized
skills can be challenging. Some skilled professionals, especially
veterinarians, may be attracted to opportunities in other countries that offer
higher salaries or better working conditions. This can lead to a talent drain
in the domestic veterinary workforce.
Saudi Arabia Veterinary Medicine Market is
segmented based on Animal Type, Product Type, End User, and by region.
Based on the Animal Type, Saudi Arabia Veterinary
Medicine Market is segmented into Production, Companion. Production
animal types, often referred to as production animals, are livestock and other
animals that are raised and bred primarily for the purpose of producing various
products, such as meat, milk, eggs, wool, and other agricultural commodities.
These animals are an essential part of the agriculture and food production
industry. Cattle, including
both beef cattle and dairy cattle, are raised for meat and milk production.
Beef cattle are primarily raised for their meat, while dairy cattle are raised
for milk production, which is used to make dairy products like milk, cheese,
and yogurt. Pigs are raised for pork production. Pork is a widely consumed meat
product, and pigs are bred and raised for their meat, which includes cuts like
pork chops, bacon, and ham. Poultry includes chickens, turkeys, ducks, and
other birds that are raised for meat (broilers), eggs (layers), and sometimes
both. Chicken and turkey are two of the most common poultry types raised for
their meat, while chicken and duck eggs are popular for consumption.
Based on Region, Northern & Central region held the largest share in the Saudi Arabia
Veterinary Medicine Market. These regions often have better
infrastructure and facilities, including modern veterinary clinics, diagnostic
laboratories, and specialized hospitals. This attracts pet owners and livestock
farmers who seek high-quality veterinary care. Government policies and
investments in healthcare and agriculture in these regions may have stimulated
the growth of the veterinary medicine market. The presence of major airports
and transportation hubs in these regions facilitates the import and
distribution of veterinary medicines and products, further supporting the
industry's growth. The Northern and Central regions are more likely to host
research and development centers for veterinary medicines and technologies,
which can foster innovation and attract investments.
Some
of the major companies operating in the Saudi
Arabia Veterinary Medicine Market include:
- MAS
Group
- Saudi
Pharmaceutical Industries
- The
Arab Pesticides and Veterinary Drugs Mfg. Co (Mobedco)
- Merck
Animal Health (MSD)
- Boehringer
Ingelheim GmbH Saudi Arabia
- Elanco
Animal Health Saudi Arabia
- Virbac
Saudi Arabia
- Montajat
Pharmaceuticals
- Pharma
Care Limited
- Al-Takamul
Agriculture Company
Download Free Sample Report
Customers can also request 10% free
customization on this report.
“Certain areas, particularly in North
America, are projected to exert significant demand for Veterinary Medicine. The
growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhance the overall wellbeing of people
each year, are expected to contribute to a remarkable growth of the Saudi
Arabia Veterinary Medicine Market in the forecast period," said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based Global
management consulting firm.
Saudi Arabia
Veterinary Medicine Market by Animal Type (Production {Poultry, Sheep &
Goats, Cattle, Others}, Companion (Cats, Horses, Dogs, Others)), By Product
Type (Pharmaceuticals {Parasiticides, Analgesics, Anti-Inflammatory,
Anti-infectives, Others}, Vaccine {Inactive Vaccines, Attenuated Vaccines,
Recombinant Vaccines, Others), Medicated Feed Additives (Amino acids,
Antibiotics, Others}), By End User (Veterinary clinics, Veterinary Hospitals,
Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has
evaluated the future growth potential of Saudi Arabia Veterinary Medicine
Market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide innovative 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 Saudi Arabia Veterinary
Medicine Market.
Contact Us-
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com