UAE Veterinary Medicine Market to grow with a CAGR of 8.34%
Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the UAE Veterinary Medicine Market.
According to TechSci Research report, “UAE
Veterinary Medicine Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, UAE Veterinary Medicine Market has
valued at USD 0.47 billion in 2022 and is anticipated to witness an impressive
growth in the forecast period with a CAGR of 8.34% 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.
The rise in urbanization is a
significant factor driving the demand for veterinary medicine. Urbanization,
the process of population concentration in urban areas, brings about changes in
lifestyle, pet ownership patterns, and healthcare needs for both companion
animals and livestock. Urban
areas often witness a higher concentration of pet owners due to lifestyle
preferences, smaller living spaces, and the availability of pet-friendly
amenities. This leads to a greater demand for veterinary services and products
to cater to the health needs of companion animals. Urbanization is associated
with changing demographics, including a growing population of young
professionals and families. This demographic shift often correlates with
increased pet ownership, contributing to the demand for veterinary care. In
urban settings, pets are often considered integral members of the family,
leading to the humanization of pets. Urban pet owners are more likely to invest
in veterinary care, including preventive healthcare, vaccinations, and
specialized treatments.
Urban areas typically have a higher
concentration of veterinary clinics and hospitals, offering specialized
services such as emergency care, diagnostics, and surgical procedures. This
availability contributes to increased accessibility and demand for veterinary
medicine. Urbanization fosters the
growth of pet-related businesses, including grooming salons, pet daycares, and
pet supply stores. These businesses create an ecosystem that supports and
reinforces the demand for veterinary services.
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In May 2023, The Royal
Agricultural University (RAU) and the University of Bristol have entered into
an agreement with the University of AlDhaid in the United Arab Emirates (UAE)
to offer innovative education and research initiatives in sustainable
agriculture and veterinary medicine. This collaboration is expected to generate
multiple employment prospects and enable students from all three institutions
to engage in collaborative efforts and reciprocal visits. The forthcoming
programs aim to tackle critical challenges related to food security, climate
change, and animal welfare by promoting the development of sustainable crop and
livestock systems and enhancing essential veterinary and agriculture
capabilities.
Antimicrobial
resistance (AMR) poses a significant challenge in the UAE Veterinary Medicine
Market, as it does globally. The overuse and misuse of antibiotics in
veterinary medicine can contribute to the development of antimicrobial
resistance. In the UAE, practices such as inappropriate prescription,
self-medication, and the use of antibiotics as growth promoters in livestock
can exacerbate this issue. The emergence of antimicrobial resistance in animals
can have implications for public health, particularly concerning zoonotic
diseases that can be transmitted from animals to humans. AMR in veterinary
medicine may impact the effectiveness of treatments for diseases that have
public health significance. The rise of antibiotic resistance limits the
available treatment options for veterinarians. This challenge is particularly
significant when dealing with bacterial infections that may not respond to
commonly used antibiotics, leading to the need for more expensive or less
accessible alternatives. AMR can be transmitted between animals and humans. In
settings where close contact between humans and animals is common, such as in
veterinary practices, there is an increased risk of the spread of resistant
strains of bacteria. In the agricultural sector, where livestock is an
essential component, AMR can impact productivity and food safety. Resistant
bacteria in livestock may lead to challenges in disease management, affecting
the health and well-being of animals.
UAE Veterinary Medicine
Market is segmented based on Animal Type, Production, Companion, Product Type, End
User, and by region.
Based on the Product
Type, UAE Veterinary Medicine Market is segmented into Vaccine,
Pharmaceuticals, Medicated Feed Additives. Medicated feed additives are
substances added to animal feed to deliver specific medications or therapeutic
agents to the animals consuming the feed. These additives serve various
purposes, including disease prevention, growth promotion, and treatment of
specific health conditions in livestock and poultry. Medicated feed additives
are carefully regulated to ensure their safety, efficacy, and compliance with
animal health and food safety standards. The active ingredients in medicated feed additives
are pharmaceutical compounds or substances with therapeutic properties. These
can include antibiotics, antiparasitic drugs, vitamins, minerals, growth
promoters, and other substances intended to address specific health concerns in
animals. Medicated feed additives are incorporated into animal feed during the
manufacturing process. This allows for the controlled and consistent delivery
of medications to animals through their regular diet. Medicated feeds are
formulated to ensure that animals receive the correct dosage of the active
ingredients.
Based on Region, Abu Dhabi region held the largest share
in the UAE Veterinary Medicine Market.
The presence of veterinary
schools, research institutions, and educational facilities in the region can
contribute to the development and advancement of the veterinary medicine
sector, making it a focal point for the industry. Government policies or
strategic initiatives aimed at promoting the veterinary sector may be more
focused in the Abu Dhabi region, further contributing to its dominance in the
market. Regions with robust trade and commerce activities, including the import
and distribution of veterinary products, may play a significant role in the
dominance of the veterinary medicine market.
Some of the major companies operating in
the UAE Veterinary
Medicine Market include:
- NMC
Healthcare
- University
Veterinary Medicine Sharjah
- Thumbay
University Veterinary Medicine
- Rashid
Veterinary Medicine
- Hatta
Veterinary Medicine
- Dubai
Veterinary Medicine
- Latifah
Veterinary Medicine (Al Was! Veterinary Medicine)
- Jebel Ali
Veterinary Medicine
- American
Veterinary Medicine Dubai
- Emirates
International Veterinary Medicine
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“Certain areas,
particularly in Dubai, 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 UAE Veterinary Medicine Market in the forecast period," said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
Global management consulting firm.
UAE Veterinary Medicine
Market by Material Type (Silicone hydrogel, Hydrogel, Gas permeable, Others),
By Design (Spherical, Toric, Multifocal, Others), By Wear Type (Disposable,
Reusable), By Application (Corrective, Therapeutic, Cosmetic, Others), By
Distribution Channel (Retail Stores, Hospitals & Clinics, Online), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of UAE
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 UAE Veterinary Medicine
Market.
Contact
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Mathews
Techsci
Research LLC
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