|
Forecast
Period
|
2024-2028
|
|
Market Size (2022)
|
USD 165.08 million
|
|
CAGR (2023-2028)
|
4.67%
|
|
Fastest
Growing Segment
|
Companion
Animal Type Segment
|
|
Largest
Market
|
Northern
& Central
|
Market Overview
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. Veterinary medicine, often simply referred to
as vet medicine, is a branch of medical science that focuses on the diagnosis,
treatment, prevention, and overall healthcare of animals. It encompasses a wide
range of medical practices and services designed to ensure the well-being and
health of animals, including both domestic and wild species. Veterinarians
provide comprehensive healthcare services to animals, covering routine check-ups,
vaccinations, surgeries, dental care, and specialized treatments. Their goal is
to maintain and improve the health and quality of life for animals. Preventive
care is a central aspect of veterinary medicine. It includes measures like
vaccinations, parasite control, wellness exams, and dietary guidance to prevent
diseases and ensure the long-term health of animals. Veterinarians use a
variety of diagnostic tools, including physical examinations, blood tests,
imaging (X-rays, ultrasounds), and laboratory testing to identify and treat
medical conditions in animals. They may prescribe medications, perform
surgeries, or recommend other treatments based on their findings. Veterinary
surgeons perform a range of surgical procedures, from routine spaying and neutering
to complex surgeries to treat injuries, remove tumors, and address congenital
conditions. Surgical procedures in veterinary medicine are like those in human
medicine.
The increasing importance of pets in Saudi Arabian
households has driven the demand for veterinary services and pet healthcare
products, including vaccines, medications, and pet food. Concerns about
zoonotic diseases (diseases that can be transmitted from animals to humans)
have led to an increased focus on animal health, including vaccinations and
disease control measures. Advances in veterinary medicine, such as improved
diagnostic tools, pharmaceuticals, and treatment methods, have expanded the
range of available products and services, driving market growth. Increased
awareness among pet owners, livestock farmers, and veterinarians about the
importance of veterinary care and disease prevention has contributed to market
growth.
Key Market Drivers
Technological Advancements
The use of telemedicine platforms and mobile apps
allows veterinarians to consult with pet owners remotely, providing advice and
guidance on non-emergency cases, reducing the need for in-person visits.
Digital radiography, ultrasound, and advanced imaging techniques like MRI and
CT scans have revolutionized diagnostic capabilities, enabling veterinarians to
obtain high-quality images quickly and share them electronically for expert
consultation. Digital pathology systems and telepathology allow pathologists to
examine tissue samples remotely, leading to faster and more accurate diagnoses.
Surgical robots and robotic-assisted surgery enhance precision and control
during surgical procedures, reducing invasiveness and post-operative recovery
times.
3D printing technology is used to create customized
prosthetics, orthopedic implants, and models for surgical planning. It has also
been employed for creating anatomical models for teaching and client
communication. Wearable devices like fitness trackers and GPS collars designed
for animals provide real-time health monitoring and location tracking, helping
owners and veterinarians manage pets' well-being. Techniques like CRISPR-Cas9
have the potential to treat genetic diseases in animals and enhance breeding
programs by introducing desired traits. Portable diagnostic tools, such as
handheld blood analyzers and DNA sequencers, offer rapid on-site testing and
immediate results for conditions like infections and genetic disorders. Digital
record-keeping systems make it easier for veterinarians to manage patient data,
access medical histories, and share information with colleagues and clients.
Advances in pharmaceuticals include new medications, vaccines, and targeted
therapies for a wide range of animal health conditions.
Stem cell therapy, platelet-rich plasma (PRP), and
regenerative medicine techniques offer innovative treatment options for
conditions like arthritis and tissue injuries. State-of-the-art surgical suites
are equipped with advanced monitoring systems, precision tools, and integration
with imaging equipment to enhance surgical outcomes. AI algorithms are being
used for image analysis, pattern recognition, and predictive modeling to aid in
diagnosing diseases and planning treatment. Minimally invasive procedures using
advanced endoscopic and laparoscopic tools reduce patient trauma and improve
recovery times. Advanced monitoring systems provide real-time data on vital
signs, helping veterinarians detect early signs of illness or complications
during surgery and recovery. The study of how an individual's genetic makeup
affects their response to drugs allows for more personalized treatment plans.
This factor will help in the development of the Saudi Arabia Veterinary
Medicine Market.
Rising Zoonotic Disease Concerns
Zoonotic diseases pose a significant risk to public
health. Outbreaks of diseases like rabies, avian influenza, and brucellosis
have demonstrated the potential for severe health consequences in humans.
Controlling these diseases in animals is essential to prevent human infections.
Veterinary medicine is crucial in monitoring, detecting, and controlling
zoonotic diseases in animals. Early diagnosis and effective treatment in
animals help prevent the spread of diseases to humans.
Many zoonotic diseases can be prevented through
vaccination, hygiene measures, and regular health monitoring in animals. The
demand for vaccines and preventive healthcare products in veterinary medicine
is driven by the need to protect both animal and human populations. The One
Health approach recognizes the interconnectedness of human, animal, and
environmental health. It emphasizes collaboration between veterinary and
medical professionals to address zoonotic diseases comprehensively, creating a
greater demand for veterinary services. Regular surveillance and monitoring of
zoonotic diseases in animal populations are essential to identify emerging
threats and take timely preventive actions. This requires veterinary expertise
and diagnostic tools. The study of zoonotic diseases and the development of
vaccines and treatments for both animals and humans are key areas of research
in veterinary medicine.
In an interconnected world, zoonotic diseases can
spread across borders. To facilitate international trade and travel, many
countries require evidence of disease control in animals, which increases the
demand for veterinary certificates and testing. Environmental changes and
ecological factors can influence the prevalence of zoonotic diseases.
Veterinary experts play a role in understanding and mitigating these factors.
In the event of disease outbreaks, rapid response and containment are
essential. Veterinary professionals are central to emergency response efforts,
including mass vaccination campaigns and quarantine measures. Increased
awareness of zoonotic diseases and their potential impact on public health has
led to greater demand for information and services related to animal health and
disease control. This factor will pace up the demand of the Saudi Arabia
Veterinary Medicine Market.
Increasing Awareness and Education
Awareness campaigns and education programs
emphasize the importance of preventive healthcare for animals. Pet owners and
livestock farmers become more informed about vaccinations, regular check-ups,
and maintaining good animal health practices, leading to greater demand for
veterinary services and medicines. Education efforts highlight the risks of
zoonotic diseases (diseases that can be transmitted from animals to humans).
This knowledge encourages pet owners and farmers to seek veterinary care and
use preventive measures, such as vaccinations, to protect both animal and human
health. Public education on responsible pet ownership encourages pet owners to
provide proper healthcare for their pets, including routine veterinary visits
and adherence to recommended treatment regimens. Education in the agricultural
sector emphasizes the link between animal health and livestock productivity.
Farmers and ranchers are educated on the benefits of veterinary care in terms
of improving animal growth, reproduction, and product quality, which drives the
demand for veterinary services.
The availability of information on the internet and
through veterinary clinics helps pet owners and farmers make informed decisions
about their animals' health. This easy access to information fosters a culture
of animal healthcare and increases the demand for veterinary medicine. National
and regional health campaigns, such as rabies control programs or campaigns to
control specific animal diseases, create awareness and promote the importance
of veterinary care and vaccinations. Education about the One Health approach,
which recognizes the interconnectedness of human, animal, and environmental
health, encourages collaboration between veterinary and medical professionals
to address health concerns holistically. This approach elevates the status of
veterinary medicine and its role in safeguarding public health.
Awareness of government regulations related to
animal health, including requirements for vaccinations and disease testing,
increases compliance and demand for veterinary services. As pet owners become
more aware of the availability of specialized veterinary services, such as
dermatology, cardiology, and orthopedics, they seek these services for their
pets, driving demand for advanced veterinary care. Informed consumers are more
likely to seek out higher-quality pet food, supplements, and medications, driving
demand for premium and specialized veterinary products. Growing awareness of
animal welfare and the humane treatment of animals encourages people to seek
veterinary care to address health issues and ensure the well-being of their
animals. This factor will accelerate the demand of the Saudi Arabia Veterinary
Medicine Market.
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Key Market Challenges
Economic Factors
Economic stability and overall economic conditions
in Saudi Arabia can influence pet ownership rates and the willingness of pet
owners and livestock farmers to invest in veterinary care. Economic downturns
may lead to reduced spending on veterinary services and products. The level of
disposable income available to pet owners and livestock farmers directly
affects their ability to afford veterinary care, including routine check-ups,
vaccinations, and medications. Economic fluctuations can impact on this
disposable income. The cost of veterinary services and medicines can be a
barrier to access for some pet owners and farmers. Economic factors can
influence pricing and affordability, affecting the demand for veterinary
services. Economic conditions can impact government spending on agriculture and
animal health initiatives. Reductions in government funding may affect disease
control programs, research, and support for the veterinary sector. Economic
downturns can affect the livestock industry, which is a significant consumer of
veterinary services and products. Reduced demand for animal products, such as
meat and dairy, may lead to decreased investment in animal health. The
veterinary medicine market in Saudi Arabia relies on imports for a significant
portion of its products. Exchange rate fluctuations and trade conditions can
impact the cost of imported veterinary medicines and equipment.
Changing Consumer Preferences
Some pet owners are increasingly interested in
natural and holistic approaches to pet health, including alternative therapies
and herbal remedies. This shift can affect the demand for conventional
veterinary medications and treatments. Consumer preferences for premium pet
foods, supplements, and medications can lead to increased demand for
higher-priced veterinary products and services, which may not be affordable for
all pet owners. The convenience of online pet product shopping has grown,
impacting traditional veterinary product sales. Consumers may opt for online
pharmacies or pet supply retailers, potentially affecting the sales of
veterinary medications. Some pet owners prioritize preventive and wellness care
for their animals, which can positively impact the demand for vaccinations,
regular check-ups, and routine veterinary care. However, this can also pose
challenges if veterinary clinics are not adequately equipped to meet this
demand. The trend of alternative pet diets, such as raw food and grain-free
options, may influence the types of health issues that veterinarians encounter
and the dietary recommendations they provide.
Key Market Trends
Preventive Care
Increased
awareness among pet owners and livestock farmers about the importance of
preventive care has driven the demand for routine check-ups, vaccinations, and
wellness examinations for animals. Awareness of zoonotic diseases, which can be
transmitted between animals and humans, has prompted pet owners and livestock
keepers to prioritize vaccinations and hygiene practices for disease
prevention. Government regulations often require the vaccination and preventive
healthcare of animals, especially in the case of diseases with zoonotic
potential. Compliance with these regulations has led to the growth of
preventive care. The link between animal health and public health, particularly
in terms of food safety and disease transmission, has encouraged preventive
measures in livestock farming and the care of companion animals. Improved
access to veterinary clinics and services in urban and suburban areas has made
it more convenient for pet owners to seek preventive care for their animals.
The increasing urbanization of Saudi Arabia has led to a higher concentration
of pets in urban areas. Urban pet owners are often more focused on preventive
care due to the closer proximity of pets to human populations. The One Health
approach, which recognizes the interconnectedness of human, animal, and
environmental health, has encouraged the collaboration of veterinary and
medical professionals in promoting preventive healthcare.
Segmental Insights
Animal Type Insights
In 2022, the Saudi Arabia
Veterinary Medicine Market largest share was held by Dogs segment and is
predicted to continue expanding over the coming years. Saudi Arabia, like many
other countries, has seen a significant increase in pet ownership, with dogs
being one of the most popular companion animals. This rise in pet ownership has
led to an increased demand for veterinary services, including preventive care,
treatments, and medications for dogs. There has been a cultural shift in Saudi
Arabia towards viewing dogs as valued family members and companions, rather
than just working animals. This shift has led to greater investment in the
health and well-being of dogs, driving demand for veterinary care. Veterinary
services for dogs often account for a substantial portion of the market because
they require specialized care, such as vaccinations, spaying/neutering, dental
care, and orthopaedic treatments, which contribute to higher veterinary
expenditures. Many dog owners prioritize preventive care for their pets, which
includes regular check-ups, vaccinations, parasite control, and dietary
recommendations. Preventive care is a significant component of veterinary
services for dogs. The increase in urbanization in Saudi Arabia has led to more
people living in smaller spaces, where dogs are often preferred pets due to
their adaptability to urban living.
Product Type Insights
In 2022, the Saudi Arabia
Veterinary Medicine Market largest share was held by Vaccines segment and is
predicted to continue expanding over the coming years. Vaccines are a fundamental component of
preventive healthcare for animals. They are essential in controlling and
preventing the spread of various infectious diseases among livestock and pets.
Given the importance of disease prevention, vaccines are in high demand. The
Saudi Arabian government often enforces strict regulations related to animal
health and disease control. Many of these regulations require mandatory
vaccination programs for specific diseases, such as Foot and Mouth Disease
(FMD) and Rift Valley Fever in livestock. Compliance with these regulations
drives the demand for vaccines. Saudi Arabia has a substantial livestock
industry, including cattle, sheep, and poultry. Vaccines are routinely used in
this sector to maintain the health and productivity of animals. The livestock
industry is a significant consumer of vaccines. There is growing awareness and
concern for animal welfare in Saudi Arabia. Vaccination is seen as a critical
aspect of ensuring the well-being of animals, and pet owners often request
vaccinations to protect their pets from diseases. The prevention of zoonotic
diseases, which can be transmitted from animals to humans, is a public health
priority. Vaccination of animals helps reduce the risk of zoonotic disease
transmission, and this is a strong driver for vaccine use.
End-User Insights
In 2022, the Saudi Arabia
Veterinary Medicine Market largest share was held by Veterinary clinics segment in the forecast
period and is predicted to continue expanding over the coming years. Veterinary clinics serve as the primary
healthcare providers for pets and livestock. They are often the first point of
contact for pet owners and farmers seeking routine check-ups, vaccinations, and
basic treatments for their animals. Veterinary clinics are typically more
accessible to pet owners and livestock farmers, especially in urban and
suburban areas. This accessibility makes it easier for people to seek immediate
medical attention for their animals. Veterinary clinics offer a wide range of
services, including general health check-ups, vaccinations, dental care,
surgical procedures, and diagnostics. This comprehensive offering caters to a
broad spectrum of animal healthcare needs. Veterinary clinics emphasize
preventive care, which is critical for maintaining the health and well-being of
animals. This approach includes regular check-ups, vaccinations, and
nutritional advice. Veterinary clinics are staffed by trained and licensed
veterinarians who can diagnose and treat a variety of animal health conditions.
Pet owners and farmers trust the expertise of these professionals.
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Regional Insights
The Northern & Central region dominates the
Saudi Arabia Veterinary Medicine Market in 2022. The Northern and Central regions of Saudi Arabia
tend to have higher population densities and urbanization compared to other
parts of the country. This concentration of people often leads to a higher
number of pet owners and, subsequently, greater demand for veterinary services
and medicines. These regions typically have more economic activity and are home
to major cities such as Riyadh (in the Central region) and Jeddah (in the
Western region). Higher economic activity often results in higher disposable incomes,
allowing residents to afford better care for their pets and livestock, which
drives demand for veterinary services and products. Many leading universities,
research institutions, and veterinary schools are in the Northern and Central
regions. These institutions contribute to the growth of the veterinary sector
by providing skilled professionals, research, and innovation in animal health.
The Northern and Central regions also have a significant presence of
agriculture and livestock farming. These sectors require veterinary services
for disease control, animal health, and overall productivity, contributing to a
more substantial market.
Recent Developments
- In May 2023, to mark
International Veterinarian Day, the National Center for the Prevention and
Control of Plant Pests and Animal Diseases (Weqaa) has initiated a fresh
training initiative for veterinarians. The program's core objective is to
enhance and develop the competencies and expertise of professionals within the
animal health field, particularly in the domains of animal disease prevention
and control. Weqaa is dedicated to backing veterinarians in their crucial role
of safeguarding against the transmission of diseases between animals and
humans.
- 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.
Key
Market Players
- 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
|
By Animal Type
|
By Product Type
|
By End-User
|
By Region
|
By Region
|
|
|
- Pharmaceuticals
- Vaccines
- Medicated
Feed Additives
|
- Veterinary
clinics
- Veterinary
Hospitals
- Others
|
- Eastern
- Western
- Northern
& Central
- Southern
|
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Bahrain
- Rest of
Middle East
|
Report Scope:
In this report, the Saudi Arabia Veterinary
Medicine Market has been segmented into the following categories, in addition
to the industry trends which have also been detailed below:
- Veterinary Medicine Market, By Animal Type:
o By Production
§ Poultry
§ Sheep & Goats
§ Cattle
§ Others
o By Companion
§ Cats
§ Horses
§ Dogs
§ Others
- Veterinary Medicine Market, By Product Type:
o Pharmaceuticals
o Vaccines
o Medicated Feed Additives
- Veterinary Medicine
Market, By End-User:
o Veterinary clinics
o Veterinary Hospitals
o Others
- Veterinary Medicine Market, By region:
o Eastern
o
Western
o
Northern
& Central
o
Southern
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Saudi
Arabia Veterinary Medicine Market.
Available Customizations:
Saudi Arabia Veterinary Medicine 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).
Saudi Arabia Veterinary Medicine 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]