|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
525.03 Million
|
|
CAGR
(2023-2028)
|
6.30%
|
|
Fastest
Growing Segment
|
Hematology
|
|
Largest
Market
|
Saudi
Arabia
|
Market Overview
The
GCC Veterinary Laboratories Market was valued at USD 525.03 Million in 2022 and
is anticipated to project robust growth in the forecast period with a CAGR of 6.30%
through 2028. The GCC Veterinary Laboratories Market is a vital and rapidly
growing sector in the Gulf Cooperation Council (GCC) region, encompassing the
countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab
Emirates. This market plays a pivotal role in safeguarding animal health,
ensuring food safety, and supporting the thriving agriculture and pet care
industries in the GCC. One of the primary drivers of the GCC Veterinary
Laboratories Market is the region's increasing focus on animal health and
welfare. As the demand for high-quality and safe animal products, such as meat,
dairy, and poultry, continues to rise, there is a heightened need for robust
veterinary diagnostics and testing services. These services are essential for
disease surveillance, early detection, and the prevention of zoonotic diseases
that can affect both animals and humans.
Furthermore,
the GCC region has witnessed a significant increase in pet ownership, with a
growing awareness of responsible pet care. This trend has fueled the demand for
veterinary services, including diagnostic testing and laboratory services for
companion animals. The rise in pet humanization has also led to a surge in the
adoption of advanced diagnostics and treatments for pets, further boosting the
Veterinary Laboratories Market. Additionally, the GCC countries are investing
heavily in modernizing their agricultural and livestock sectors to enhance food
security and self-sufficiency. Robust veterinary laboratories are essential for
monitoring and managing animal health, ensuring the safety of animal-derived
food products, and supporting disease control measures.
Moreover,
the GCC Veterinary Laboratories Market benefits from advancements in diagnostic
technologies, including molecular biology, immunology, and imaging techniques.
These innovations enable more accurate and rapid diagnosis of animal diseases,
contributing to better disease management and control. In conclusion, the GCC
Veterinary Laboratories Market is poised for continued growth, driven by
factors such as increased awareness of animal health, a rising pet population,
and a commitment to modernizing agriculture. The region's strategic investments
in veterinary infrastructure and the adoption of cutting-edge diagnostic
technologies position it as a pivotal player in ensuring animal health and
safety across diverse sectors.
Key Market Drivers
Rising
Pet Ownership is Thriving the GCC Veterinary Laboratories Market
The
primary driver behind the expansion of veterinary laboratories in the GCC
region is the increasing trend of pet ownership. As the affluent middle class
grows and disposable income increases, more people are choosing to keep pets,
including dogs, cats, and exotic animals. This has led to a greater demand for
veterinary services, including diagnostic tests and medical treatments, thereby
driving the growth of veterinary laboratories.
As
the standard of living in these countries has risen over the years, so has the
interest in pet ownership. As per Dubai Municipality, 1,49131 companion animals
were registered in 2021. Further, the GCC has seen a parallel growth in the pet
care industry. There are now more pet-friendly parks, grooming salons, pet
stores, and veterinary clinics available, making it easier for pet owners to
provide for their pets' needs.
Several
factors have contributed to this surge in pet ownership. Urbanization and a
growing middle class have made it easier for families to accommodate pets in
their homes. Additionally, a greater awareness of the therapeutic benefits of
having pets has led to a shift in attitude for pet ownership towards animals.
The younger generation, in particular, views pets as companions that provide
emotional support and enhance their overall quality of life.
As
pet ownership has grown, so has the need for comprehensive veterinary care. Pet
owners in the GCC are increasingly seeking high-quality healthcare services for
their beloved animals. This demand for better pet healthcare has led to
significant advancements in veterinary medicine and a corresponding expansion
of veterinary laboratories in the region.
There
is a growing awareness of the physical and emotional benefits of pet ownership.
Studies from Mental Health Foundation have shown that having pets can reduce
stress, anxiety, and depression, promoting overall well-being. As people in the
GCC become more health-conscious, they are recognizing these advantages of
having pets.
The
rapid growth of the GCC veterinary laboratories market presents lucrative
opportunities for investors and entrepreneurs. As pet ownership continues to
rise, the demand for veterinary services and diagnostics is expected to soar
even higher. This trend has led to increased investment in the development of
cutting-edge veterinary laboratories across the region.
Increasing
Livestock Farming in the GCC Region
The
livestock farming industry in the GCC has seen substantial growth, and with it,
the demand for veterinary services and laboratories has soared proportionately.
Recognizing
the need to reduce their dependence on oil revenues, GCC nations have
diversified their economies. Agriculture, including livestock farming, has
become a vital part of this diversification strategy. As per GCC- Stat, 40.9
million livestock animals are present in GCC countries in 2021. Saudi Arabia
had the highest number of livestock out of all the GCC countries in 2021 which
was 30,266,179 and UAE comes at the second place with 5,054,462 livestock
animals. With a growing population and changing dietary preferences, there is a
surging demand for high-quality protein sources, particularly from animal
products like meat, milk, and eggs, leading to the expansion of GCC veterinary
laboratories market in the projected period.
Ensuring
food security is a top priority for GCC governments. By investing in domestic
livestock production, these nations aim to reduce their reliance on imported
meat and dairy products, thereby propelling the growth of GCC veterinary
laboratories market. With the emphasis on food safety and quality, veterinary
laboratories are responsible for conducting tests and analyses on animal
products. These tests ensure that meat, milk, and other animal-derived products
meet the highest safety and quality standards. GCC countries have been
investing heavily in modernizing their livestock farming practices. Advanced
technologies, such as precision agriculture and smart farming techniques, have
been adopted to enhance productivity and animal health. As per Foreign Agricultural
Service/USDA Global Market Analysis, 910,000 metric tones chicken meat was
produced in Saudi Arabia in July 2023.
Additionally,
livestock farmers in the region are becoming more aware of the importance of
regular health check-ups and disease prevention measures, driving the demand
for veterinary laboratory services in GCC countries. Also, livestock farming
presents economic opportunities for both small-scale and large-scale producers.
It generates income, creates jobs, and stimulates economic growth in rural
areas, contributing to overall economic development, hence augmenting the growth
of GCC veterinary laboratories market.
Growing
Awareness of Zoonotic Diseases is Driving the GCC Veterinary Laboratories
Market
Zoonotic
diseases have gained prominence in all the GCC countries due to their potential
to cause pandemics and public health crises. Diseases like COVID-19, which
likely originated in bats and was transmitted to humans, have underscored the
importance of proactive measures to detect and prevent zoonotic outbreaks. The
GCC region, known for its vibrant pet culture, livestock industry, and wildlife
biodiversity, is particularly vulnerable to these diseases.
GCC
governments have recognized the need for proactive measures to address the
risks associated with zoonotic diseases. As a result, they have been investing
heavily in veterinary infrastructure, including laboratories. Governments are
collaborating with international health organizations and experts to enhance
disease surveillance, early detection, and response capabilities. These
investments are aimed at safeguarding public health, ensuring food safety, and
protecting the region's rich biodiversity, hence augmenting the growth of GCC
Veterinary Laboratories Market.
The
national regulations for various zoonotic illnesses, such as brucellosis, CCHF,
leishmaniasis, Middle East Respiratory Syndrome Coronavirus (MERS-CoV), rabies,
schistosomiasis, and foodborne diseases, have been established. The guidelines
and the comprehensive healthcare approach to be implemented through the
zoonotic strategy, including the Associated Standard Operating Procedures like
contact tracing, have been documented in the Communicable Diseases Manual
provided by Ministry of Health, Sultanate of Oman.
According
to the Saudi Press Authority and trusted national news sources, the Animal
Disease Surveillance and Control Program began its activities in March 2017. It
operates under the Ministry of Environment, Water, and Agriculture (MEWA) and
is a crucial part of the National 2020 Strategy.
The
national zoonotic surveillance program in Oman is an integral component of the
comprehensive communicable disease surveillance system, with the primary goal
of minimizing the incidence and fatality rates associated with zoonotic
diseases.
Veterinary
laboratories play a crucial role in monitoring the health of wildlife
populations and detecting potential disease outbreaks. As the awareness of
these interconnections grows, so does the demand for advanced diagnostic
capabilities in veterinary laboratories.
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Key Market
Challenges
Limited
Skilled Workforce
One
of the primary challenges faced by the GCC veterinary laboratories is the
scarcity of qualified veterinarians. To perform accurate diagnostic tests,
interpret results, and ensure the health of animals, veterinarians with
specialized knowledge and skills are required. Unfortunately, the region faces
a shortage of such professionals, leading to increased workloads and potential
diagnostic errors.
Veterinary
laboratories rely heavily on laboratory technicians for sample collection,
preparation, and analysis. These technicians are responsible for operating
sophisticated diagnostic equipment and ensuring the accuracy of results. The
shortage of skilled laboratory technicians can result in delays in diagnoses
and potentially incorrect findings.
High
Operating Cost
High
operating costs can lead to limited access to veterinary care, especially for
pet owners and farmers with limited financial resources. This can result in
delayed diagnoses and treatment, potentially compromising animal health, which
may hamper the growth of GCC veterinary laboratories market during the forecast
period.
High
costs may deter laboratories from investing in research and development
projects, slowing down advancements in veterinary medicine and the development
of locally relevant solutions.
GCC
countries may rely on importing veterinary diagnostic services and products due
to the high cost of local production. This dependence on foreign sources can
affect national security and economic sustainability.
Supply
Chain Disruptions
The
GCC heavily relies on international suppliers for diagnostic equipment,
reagents, and consumables used in veterinary laboratories. Any disruptions in
the global supply chain, can lead to delays in procuring essential items. This
not only affects the efficiency of laboratory operations but can also result in
financial losses.
If
supply chain disruptions persist, they may hinder the growth potential of the
veterinary laboratories market in the GCC. Investors and entrepreneurs may be
reluctant to enter the market, fearing instability and uncertainty.
Supply
chain disruptions often necessitate expedited shipping and alternative
procurement methods, resulting in higher costs for veterinary laboratories.
These additional expenses may ultimately be passed on to clients, potentially
affecting the affordability of veterinary services.
Key Market Trends
Rising
Technological Advancements
Advancements
in technology have revolutionized the veterinary healthcare industry. Modern
diagnostic tools, including molecular biology techniques, imaging systems, and
telemedicine, have made it easier to diagnose and treat animal diseases.
Veterinary laboratories have embraced these technologies to offer faster and
more accurate diagnostic services, attracting a broader clientele and fostering
market growth, which fill further propel the growth of the market during the
projected period.
Increasing
Government Initiatives
Governments
in the GCC region understand the significance of disease surveillance and
control in maintaining animal health and preventing the spread of zoonotic
diseases. They have launched comprehensive programs that involve veterinary
laboratories in monitoring and controlling diseases among both domestic and
wild animals. These efforts are crucial for safeguarding public health and the
livestock industry. To foster innovation in the veterinary sector, GCC
governments have allocated funding for research and development projects.
Veterinary laboratories play a central role in conducting research to develop
new vaccines, treatments, and diagnostic methods. The research conducted in
these laboratories contributes to advancements in animal health and veterinary
medicine.
Training
and Infrastructure Development
To
meet the increasing demand for veterinary services, GCC countries have been
focusing on developing a highly skilled workforce. This involves training
programs and educational initiatives aimed at producing qualified
veterinarians, laboratory technicians, and other professionals. Continuous
learning is essential in the field of veterinary medicine. Veterinary
professionals in the GCC region are encouraged to participate in ongoing
training and professional development programs to stay updated with the latest
advancements in diagnostics, treatments, and laboratory techniques.
Rising
Adoption of Dry Chemistry Analyzers in Veterinary Laboratories
Dry
chemistry analyzers offer rapid results, allowing veterinarians to make timely
decisions regarding the health of animals. This is especially crucial in
emergency situations and for critical care patients, where every minute counts.
These analyzers can perform a wide range of tests, including blood chemistry
profiles, electrolyte analysis, liver and kidney function tests, and more. This
versatility makes them suitable for various veterinary applications, from
routine check-ups to complex disease diagnostics. While the initial investment
in a dry chemistry analyzer may be relatively high, the long-term cost savings
are significant. These analyzers reduce the need for multiple expensive
reagents and equipment associated with traditional wet chemistry methods.
Professional
Licensing and Accreditation
GCC
countries have established rigorous licensing and accreditation processes for
veterinary professionals and laboratories. These processes ensure that only
qualified and competent individuals and facilities operate in the veterinary
sector. By maintaining high standards, these laws and regulations foster trust
among consumers and enhance the reputation of veterinary laboratories, driving
market growth.
Segmental Insights
Testing Type Insights
Based on the testing
type, Hematology holds a dominant position in the GCC Veterinary Laboratories
Market for several compelling reasons. Firstly, hematology diagnostics are
fundamental to understanding and monitoring the health of animals, as
blood-related disorders and conditions are prevalent among domestic and
livestock animals in the region. Routine blood tests can provide crucial
insights into an animal's overall health status, helping veterinarians detect
and manage a wide range of diseases and conditions.
Secondly, as the
GCC region places a strong emphasis on food safety and security, particularly
in its thriving livestock and dairy sectors, hematology plays a critical role.
Hematological tests are vital for screening animals for diseases like
brucellosis and contagious bovine pleuropneumonia, ensuring that animals
entering the food supply chain are healthy and safe for consumption. Additionally,
the GCC's growing pet ownership culture and the increasing awareness of
responsible pet care have spurred the demand for hematology services in
veterinary laboratories. These services are essential for diagnosing and
managing various blood-related conditions in companion animals. Furthermore,
advancements in hematology diagnostic technologies have made it possible to
perform comprehensive blood analysis rapidly and accurately. This has
contributed to the dominance of hematology in the GCC Veterinary Laboratories
Market, as veterinarians and animal health professionals rely on these tools to
provide precise diagnoses and deliver optimal care to animals across the
region.
Animal Type Insights
Based on the animal
type, Companion animals, such as dogs, cats, and other pets, occupy a dominant
position in the GCC Veterinary Laboratories Market for several compelling
reasons. Firstly, there has been a substantial surge in pet ownership across
the GCC region, driven by rising affluence, urbanization, and changing
lifestyles. This burgeoning population of companion animals has led to a
substantial increase in the demand for veterinary services, including
diagnostic testing and laboratory services. Secondly, pet owners in the GCC are
increasingly viewing their animals as beloved family members, resulting in a
heightened awareness of responsible pet care and a willingness to invest in
their health and well-being. This cultural shift has translated into a
significant demand for advanced veterinary diagnostics, including blood tests,
pathology, and imaging services, which are often conducted in veterinary
laboratories.
Moreover, the
GCC's pet humanization trend has elevated expectations for the level of
healthcare and diagnostic services available for companion animals. Pet owners
seek comprehensive and state-of-the-art diagnostic assessments to ensure the
early detection and effective management of health issues in their pets,
further bolstering the dominance of companion animals in the Veterinary
Laboratories Market. In conclusion, the rising population of companion animals
and the evolving mindset of pet owners in the GCC have made this segment the
primary focus for veterinary laboratories. The demand for advanced diagnostics
and healthcare services for pets is a significant driver of growth and
innovation in the GCC Veterinary Laboratories Market.
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Country Insights
Saudi
Arabia holds a dominant position in the GCC Veterinary Laboratories Market due
to several key factors. Firstly, the Kingdom of Saudi Arabia has a large and
diverse population of both livestock and companion animals. With extensive
agricultural activities and a growing pet ownership culture, there is a
substantial need for veterinary services and diagnostics.
Secondly,
Saudi Arabia places a strong emphasis on food security and safety. The
livestock sector is vital for the country's self-sufficiency in food
production, and as such, stringent veterinary testing and disease surveillance
are essential. Veterinary laboratories in Saudi Arabia play a pivotal role in
monitoring the health of livestock, ensuring the safety of animal-derived food
products, and supporting the control of zoonotic diseases.
Additionally,
the Kingdom has been investing significantly in modernizing its veterinary
infrastructure, including laboratory facilities, as part of its Vision 2030
program. This commitment to enhancing the veterinary healthcare system
positions Saudi Arabia as a hub for veterinary diagnostics and research in the
GCC.
Furthermore,
Saudi Arabia's strategic location in the region and its economic strength
contribute to its dominance in the Veterinary Laboratories Market. It serves as
a major destination for veterinary diagnostics and services not only for its
domestic needs but also for neighboring GCC countries. In conclusion, Saudi
Arabia's large and diverse animal population, emphasis on food security,
investment in veterinary infrastructure, and strategic regional position make
it the dominant force in the GCC Veterinary Laboratories Market.
Recent Developments
- In June 2022,
IDEXX Laboratories, Inc. (US) launched Fecal Dx Antigen Testing, new reference
laboratory tests and service to help veterinarians gain insights during
wellness screenings and develop treatments plans for cats with chronic kidney
diseases
- In April, 2022,
Zoets Inc. (US) added Al blood smear testing to the Vetscan Imagyst.
- In December
2021, Neogen Corporation (US) acquired Genetic Veterinary Sciences, Inc. (US)
to increase its genetic testing portfolio for companion animals
- In September,
2021, Heska Corporation (US) acquired Biotech Laboratories (US) to expand its
product offerings in rapid assays.
Key Market Players
- The
Veterinary Hospital
- Elite
Veterinary Clinic
- Al Fiafy
Veterinary Care Company
- Capital
Veterinary Centre L.L.C
- Bahrain
Veterinary Center
- All Care
Veterinary Clinic W.L.L
- Companion
Clinic
- Advanced
Veterinary Center
- SINA VET
CLINIC
- Sama
Capital Healthtech
- Dragon
Animal Care Center
- Petcare
Veterinary Center
- Gulf
Vetcare
- Zabeel
Veterinary Hospital
- Salam
Veterinary Group
- International
Veterinary Hospital
- Blue Cross
Veterinary Clinic
- American
Veterinary Clinic
- Global
Veterinary Services & Agriculture
- The German
Veterinary Clinic
|
By Testing Type
|
By Animal Type
|
By Service
|
By End Use
|
By Country
|
- Microbiology
- Hematology
- Clinical Chemistry Pathology Immunology
- Others
|
- Livestock Animals
- Companion Animals
|
- Diagnostic Services
- Consulting Services Research Services Reference
Laboratories
|
- Veterinary Hospitals & Clinics
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Others
|
- Saudi Arabia
- UAE
- Oman
- Kuwait
- Qatar
- Bahrain
|
Report
Scope:
In
this report, the GCC Veterinary Laboratories Market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- GCC Veterinary Laboratories Market, By Testing Type:
o Microbiology
o Hematology
o Clinical Chemistry
o Pathology
o Immunology
o Others
- GCC Veterinary Laboratories Market, By Animal Type:
o
Livestock Animals
o
Companion Animals
- GCC Veterinary Laboratories Market, By Service:
o
Diagnostic Services
o
Consulting Services
o
Research Services
o
Reference Laboratories
- GCC Veterinary Laboratories Market, By End User:
o
Veterinary Hospitals & Clinics
o
Pharmaceutical & Biotechnology Companies
o
Academic & Research Institutes
o
Others
- GCC Veterinary Laboratories Market,
By Country:
o Saudi Arabia
o UAE
o Oman
o Kuwait
o Qatar
o Bahrain
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the GCC Veterinary Laboratories Market.
Available
Customizations:
The
GCC Veterinary Laboratories Market report with the given market data,
Tech Sci Research offers customizations according to a company's specific
needs. The following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
GCC Veterinary
Laboratories Market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]