Saudi Arabia veterinary
medicine market stood at USD152.01 Million in 2021 and is expected to grow at a
CAGR of 5.00% during the forecast period. This is due to the advancement of
medicinal goods and their availability in the country for animal welfare. In
the next five years, the Saudi Arabia veterinary medicine market will be driven
by rapidly rising demand for animal healthcare products and services and increasing
concerns about their health. Veterinary medicine includes pharmaceutical goods,
treatments, and animal healthcare-related medications and supplements.
Impact of COVID-19 on Saudi
Arabia Veterinary Market
The COVID-19 pandemic has
influenced across all industries, including veterinary medicine. To maintain
cleanliness and prevent contamination, pet owners are nevertheless recommended
to keep a safe distance from their pets. The impact of COVID-19 has also been
seen in the livestock industry. The supply chain has been disrupted, making it
impossible to import drugs and vaccines into markets. A seasonal border
crossing limitation with ruminants has also been enforced.
Animal Welfare Concerns Drive
Market Growth
The rapidly expanding
population of companion animals such as cats, dogs, and camels is expected to
drive the Saudi Arabia veterinary care industry in the next five years. With
the growing number of companion animals, pet owners are increasingly concerned
about their pets' long- and short-term health. In the next five years, the
spike in demand for better healthcare facilities, advanced pharmaceutical
products, therapeutic medications, and drugs is expected to support the
expansion of the Saudi Arabia veterinary medicine market.
Increasing demand for
animal-based food products such as milk and dairy goods, chicken products, and
so on is further bolstering the Saudi Arabia veterinary medicine market's
growth prospects over the next five years. Rising worries about the safety of
food items, and different diseases caused using animal products, make animal
health and well-being a critical issue, resulting in increased demand for
veterinary medicines and thereby boosting market expansion.
Technological Advancement
Leads Market Growth
The country's rapidly
expanding healthcare system is equally concerned with animal healthcare as it
is with human healthcare. Growing pharmaceutical breakthroughs, namely
advancements in medications best suited for pet animals as well as production
animals being harvested, will drive market expansion over the next five years.
Incidences of zoonotic diseases such as cat scratch disease are rapidly
increasing in Saudi Arabia, supporting the veterinary medication market's
growth during the next five years.
Increasing Research &
Development Leads Market Growth
Increasing research and
product development in the sector, such as rapidly growing demands for vaccines
against various diseases for companion animals, pharmaceutical products for
animal treatment, and feed additives that are expected to build their immunity,
enhance their growth, aid their fur textures, and so on, are also driving
demand for veterinary medicine advancement and thus supporting market growth in
the sector.
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Market Segmentation
The
Saudi Arabia veterinary medicine market segmentation is based on animal type, product
type, end user, source, competitional landscape, and regional distribution. Based on animal type, the
market is differentiated between production and companion animals. Production
animals are produce generating animals like poultry, Sheep & Goats, cattle,
and others. Companion animals are the pet animals that includes dogs, cats, horses,
and others. Based on product type, the market is bifurcated into
pharmaceuticals, vaccines, and medicated feed additives. Vaccines are
categorized into inactive vaccines, attenuated vaccines, recombinant vaccines,
and others. Pharmaceuticals sub-segment includes parasiticides, analgesics,
anti-inflammatory, anti-infectives, and others. Whereas medicated feed
additives segment consists of amino acids, antibiotics, and others. Market
segmentation based on end user is differentiated into veterinary clinics, veterinary
hospitals, and others. Also, based on source, the market is further
distinguished between domestic and import sources. The market analysis also
studies the regional segmentation to devise regional market segmentation,
divided among Northern & Central region, Eastern region, Western region,
and Southern region.
Company Profile
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 among
others is a partial list of major market players of the companies responsible
for the growth of Saudi Arabia veterinary medicine market.
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Attribute
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Details
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Market Size Value in 2021
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USD152.01Million
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Revenue Forecast in 2027
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USD201.80 Million
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Growth Rate
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5.00%
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Base Year
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2021
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Historical Years
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2017-2020
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Estimated Year
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2022
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Forecast Period
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2023-2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape,
growth factors, and trends
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Segments covered
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·
Animal Type
·
Product Type
·
End User
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Source
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Regional scope
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Northern & Central region, Eastern region, Western
region, and Southern region.
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Key companies profiled
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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
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Customization scope
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10% free report customization with purchase. Addition
or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, Saudi Arabia veterinary medicine market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Saudi Arabia Veterinary Medicine Market,
By Animal Type:
- Production
- Poultry
- Sheep & Goats
- Cattle
- Others
- Companion
- Saudi Arabia Veterinary Medicine Market,
By Product Type:
- Pharmaceuticals
- Anti-infectives
- Parasiticides
- Anti-Inflammatory
- Others
- Vaccine
- Attenuated Vaccines
- Inactive Vaccines
- Recombinant Vaccines
- Others
- Medicated Feed Additives
- Amino acids
- Antibiotics
- Others
- Saudi Arabia Veterinary Medicine Market,
By End User:
- Veterinary Clinics
- Veterinary Hospitals
- Others
- Saudi Arabia Veterinary Medicine Market,
By Source:
- Saudi Arabia Veterinary Medicine Market,
By Region:
o Northern & Central Region
o Western Region
o Eastern Region
o Southern Region
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia veterinary medicine market.
Available Customizations:
With the given market data, TechSci
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).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com