Press Release

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.

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