Forecast
Period
|
2024-2028
|
Market
Size (2022)
|
USD
0.47 billion
|
CAGR
(2023-2028)
|
8.34%
|
Fastest
Growing Segment
|
Companion
Segment
|
Largest
Market
|
Abu
Dhabi
|
Market Overview
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. Veterinary
medicine is a branch of medical science that focuses on the diagnosis,
treatment, and prevention of diseases and injuries in animals. It encompasses a
wide range of medical practices and disciplines aimed at maintaining the health
and well-being of various animal species, including domestic pets, livestock,
wildlife, and zoo animals. Veterinary medicine plays a crucial role in ensuring
the health of animals, supporting public health efforts, and contributing to
the overall well-being of communities. Veterinarians engage in preventive healthcare
measures to protect animals from diseases and injuries. This includes
vaccinations, regular check-ups, parasite control, dental care, and nutrition
counseling. Veterinary professionals diagnose and treat a variety of medical
conditions in animals. This involves using diagnostic tools such as laboratory
tests, imaging (X-rays, ultrasound, MRI), and physical examinations to identify
health issues. Treatment may include medications, surgeries, and other therapeutic
interventions. Veterinary surgeons perform surgical procedures to address
injuries, congenital abnormalities, and various health conditions in animals.
Surgical interventions can range from routine procedures such as spaying and
neutering to complex surgeries.
Growing
awareness and concern for the health and welfare of animals, both pets and
livestock, drives demand for veterinary products and services. This includes
preventive healthcare, vaccinations, and treatments for various health
conditions. Integration of advanced technologies in veterinary diagnostics,
treatments, and record-keeping enhances the efficiency and effectiveness of
veterinary services. This technological advancement is a key driver in the
market. The awareness of zoonotic diseases, which can be transmitted between
animals and humans, prompts a focus on preventive measures and disease control.
This drives demand for veterinary services and products. Economic prosperity in the UAE supports
increased spending on pet-related products and services, including veterinary
care. As disposable incomes rise, pet owners are more likely to invest in the
health and well-being of their animals.
Key Market Drivers
Technological Advancements
trends in human medicine,
telemedicine and telehealth services have become more prevalent in veterinary
care. Remote consultations, follow-ups, and monitoring of animals are
facilitated through digital platforms, improving accessibility to veterinary
services. Advanced imaging technologies such as digital X-rays, CT scans, and
MRIs provide clearer and more detailed images for accurate diagnostics. This
allows veterinarians to visualize internal structures, identify abnormalities,
and plan precise treatments. Portable and high-resolution ultrasound devices
are widely used in veterinary practices. They are valuable for imaging soft
tissues, monitoring pregnancies, and guiding certain medical procedures. Automated
and high-throughput laboratory equipment enable quick and accurate analysis of
blood, urine, and other samples. This aids in the diagnosis of various diseases
and conditions in animals.
Advances in genomics have opened
new possibilities in understanding the genetic basis of diseases in animals.
Genetic testing can help identify hereditary conditions, allowing for
preventive measures and targeted treatments. Robotics-assisted surgeries are
becoming more common in veterinary medicine. Precision and minimally invasive
techniques offered by robotic systems reduce trauma, improve recovery times,
and enhance surgical outcomes. Wearable devices designed for animals, such as
fitness trackers and health monitors, provide real-time data on activity
levels, heart rate, and other vital signs. This information aids in preventive
healthcare and early detection of health issues. 3D printing technology is used
to create patient-specific models for surgical planning and practice. It also
enables the production of customized prosthetics, orthopedic implants, and
other medical devices for animals.
Stem cell therapy and
regenerative medicine techniques are being explored for treating
musculoskeletal conditions and injuries in animals. These approaches aim to
promote tissue repair and regeneration. Electronic health records (EHR) and
practice management software streamline administrative tasks, improve
record-keeping, and enhance communication among veterinary professionals,
leading to better patient care. AI applications are being developed to assist
in diagnostics, image interpretation, and treatment planning. Machine learning
algorithms can analyze large datasets to identify patterns and trends that may
not be immediately apparent. Advancements in biotechnology contribute to the
development of more effective and targeted vaccines for animals, addressing
specific diseases and promoting overall herd or population health. This factor
will help in the development of the UAE
Veterinary Medicine Market.
Rising Focus on Animal Health and Welfare
The strong bond between
humans and their companion animals has led to an increased emphasis on
providing the best possible care for pets. Pet owners are more willing to
invest in veterinary services and medications to ensure the well-being of their
animal companions. Societal values regarding the ethical treatment of animals
have evolved, leading to a heightened awareness of the rights and welfare of
animals. This shift in values translates into a greater demand for veterinary
care that prioritizes animal health and minimizes suffering. The focus on
animal health extends to preventive healthcare measures. Pet owners are
increasingly inclined to seek regular veterinary check-ups, vaccinations, and
preventive treatments to proactively address potential health issues and ensure
their pets lead healthy lives. The humanization of pets, where animals are
considered integral members of the family, has influenced consumer behavior.
Pet owners are more likely to treat their pets as family members, resulting in
increased spending on veterinary services and products.
The continuous advancements
in veterinary medicine, including innovative treatments, diagnostics, and
medications, contribute to improved healthcare outcomes for animals. Pet owners
are more likely to seek these advanced services to address the unique health
needs of their pets. The implementation of animal welfare laws and regulations
emphasizes the importance of providing appropriate care for animals. Compliance
with these standards often requires veterinary oversight, leading to increased
demand for veterinary services. Awareness of zoonotic diseases, which can be
transmitted between animals and humans, has prompted a focus on preventing and
managing diseases in animals. This awareness contributes to the demand for
veterinary services to safeguard both animal and human health.
In agricultural settings, a
focus on animal welfare is important not only for ethical reasons but also for
optimizing production. Healthy and well-cared-for livestock are likely to be
more productive, leading to a demand for veterinary services in the agricultural
sector. The influence of social media platforms has facilitated the sharing of
information and awareness campaigns related to animal health and welfare. Pet
owners are more informed and motivated to seek veterinary care based on shared
experiences and educational content. Veterinary professionals and organizations
engage in educational initiatives to promote responsible pet ownership and
animal welfare. These initiatives contribute to a more informed public that
recognizes the importance of veterinary care. This factor will pace up the
demand of the UAE
Veterinary Medicine Market.
Rise in Zoonotic Diseases
Veterinary
medicine plays a crucial role in preventing and controlling zoonotic diseases.
Vaccinations, parasite control, and other preventive measures are essential
components of veterinary care to reduce the risk of disease transmission from
animals to humans. Zoonotic diseases pose public health risks, and addressing
these concerns requires effective veterinary interventions. Ensuring the health
of animals helps mitigate the risk of disease transmission and contributes to
overall public health and safety. The One Health approach recognizes the
interconnectedness of human, animal, and environmental health. Veterinary
medicine is a key component of this approach, emphasizing collaborative efforts
to address zoonotic diseases and promote holistic health.
Veterinary
professionals engage in surveillance and monitoring of animal populations to
detect and control the spread of zoonotic diseases. Early detection is crucial
for implementing effective measures to prevent outbreaks. The rise in zoonotic
diseases drives investments in research and development within the veterinary
medicine sector. This includes the development of vaccines, diagnostics, and
treatments specific to zoonotic pathogens. Zoonotic diseases are often
associated with the consumption of animal products. Veterinary medicine plays a
key role in ensuring the safety of the food supply by monitoring and addressing
diseases that can be transmitted through the food chain. Increased
globalization and travel contribute to the spread of zoonotic diseases across
borders. Veterinary medicine is essential for implementing international
standards, conducting health screenings, and preventing the introduction of
diseases to new regions.
Veterinary
professionals contribute to public education and awareness campaigns about
zoonotic diseases. Educating the public about the risks and preventive measures
fosters responsible pet ownership and livestock management. Veterinary medicine
is integral to emergency response efforts during disease outbreaks. Rapid and
coordinated responses by veterinary professionals are essential to contain and
manage zoonotic diseases in both animal and human populations. Governments and
regulatory bodies often implement measures to control the spread of zoonotic
diseases. Veterinary medicine practices, including inspections, quarantines,
and disease reporting, are essential for compliance with these regulations. This factor will
accelerate the demand of the UAE Veterinary Medicine Market.
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Key Market Challenges
Market
Competition
Intense competition often leads to price
pressure as businesses strive to offer competitive rates for veterinary
products and services. This can impact profit margins and may require companies
to find ways to differentiate themselves. With numerous players in the market,
building and maintaining customer loyalty becomes challenging. Veterinary
practices and companies need to invest in quality service, effective marketing,
and customer relationship management to retain clients. To stay ahead in the
competitive landscape, companies must continually innovate. This requires
substantial investments in research and development to introduce new and
improved veterinary products, technologies, and services. High competition can
lead to market saturation, particularly in certain segments or geographic
areas. Saturation may limit the potential for significant growth, prompting
businesses to explore new markets or diversify their offerings. In a
competitive market, companies may need to invest significantly in advertising
and promotional activities to stand out. The associated costs can strain
budgets and impact overall profitability. The competitive environment may put
pressure on the supply chain, affecting the procurement and distribution of
veterinary products. Companies must manage their supply chains efficiently to
meet demand and maintain product availability. Adhering to regulatory standards
and compliance requirements is essential in the veterinary medicine market. The
competition may drive companies to invest heavily in meeting and maintaining
regulatory compliance, adding to operational costs. Attracting and retaining
skilled professionals in a competitive market can be a challenge. Veterinary
practices need qualified veterinarians, technicians, and support staff to
provide high-quality services, and competition can make talent acquisition more
difficult.
Climate and Environmental
Factors
The
UAE experiences extremely high temperatures, especially during the summer
months. This can lead to heat stress in animals, affecting their overall
health. Veterinary medicine needs to address conditions related to heat stress
and provide preventive measures to ensure animal well-being. Sandstorms are
common in the desert environment of the UAE. These storms can contribute to
respiratory issues in animals, particularly those housed outdoors. Veterinary
care may need to focus on respiratory health and provide strategies to protect
animals during sandstorms. Water scarcity is a significant concern in arid
regions, and ensuring access to clean and sufficient water for animals is
crucial. Veterinary practices may need to address issues related to dehydration
and waterborne diseases. Certain environmental conditions in the UAE can
support the prevalence of vector-borne diseases. Veterinary medicine must
address the control and prevention of diseases transmitted by vectors such as
mosquitoes and ticks. Livestock, including camels, are an integral part of the
agricultural sector in the UAE. Veterinary medicine needs to focus on managing
diseases that can affect livestock health, with consideration for the
environmental conditions in which they are raised. As urbanization increases,
it can impact wildlife habitats. Veterinary professionals may be called upon to
address issues related to the health and well-being of wildlife affected by
urban development.
Key Market Trends
Focus on Pet Nutrition
The
trend of considering pets as family members, known as the humanization of pets,
has led to a greater awareness of the role of nutrition in promoting the
overall health and longevity of animals. The rising pet ownership rates in the
UAE have led to an expanded market for pet food and nutritional products. Pet
owners are more invested in providing their pets with high-quality and tailored
nutrition. The market offers a diverse range of pet food options, including
specialized diets for different life stages, breeds, and health conditions.
This variety allows pet owners to choose nutrition that aligns with their pets'
specific needs. Pet nutrition is increasingly viewed as a preventive healthcare
measure. A balanced and nutritionally complete diet is recognized as a key
factor in preventing various health issues and supporting the immune system. Veterinarians
are actively involved in recommending customized diets based on an individual
pet's health, age, weight, and specific dietary requirements. This personalized
approach reflects a growing understanding of the unique nutritional needs of
different pets. The market has witnessed a surge in specialty and premium pet
food products, including organic, grain-free, and hypoallergenic options. Pet
owners are willing to invest in higher-quality nutrition for their pets.
Veterinarians are actively
involved in recommending customized diets based on an individual pet's health,
age, weight, and specific dietary requirements. This personalized approach
reflects a growing understanding of the unique nutritional needs of different
pets.
Segmental Insights
Companion Insights
In 2022, the UAE Veterinary Medicine Market largest share was
held by Dog segment and is predicted to continue expanding over the coming
years.
Dogs are among the
most popular pets globally, and this trend is reflected in the UAE as well.
High rates of dog ownership contribute to a substantial market share for
veterinary products and services targeting this segment. Dogs, like other pets,
require comprehensive healthcare, including vaccinations, preventive
treatments, and regular check-ups. The diverse healthcare needs of dogs
contribute to the demand for a wide range of veterinary products and services. The
humanization of pets, where owners consider their pets as members of the
family, drives a willingness to invest in the health and well-being of dogs.
This includes spending on high-quality veterinary care, premium pet food, and
specialized services. The market offers a variety of specialized products for
dogs, including breed-specific medications, dietary supplements, and grooming
products. This specialization contributes to a significant market share for the
Dog segment. Dog owners in the UAE are becoming more aware of the importance of
preventive healthcare and early intervention for common canine health issues.
This awareness drives demand for veterinary services and medications.
Product Type Insights
In 2022, the UAE Veterinary Medicine Market largest share was
held by pharmaceuticals segment and is predicted to continue expanding over the
coming years. The pharmaceuticals segment includes a
wide range of preventive and therapeutic medications for animals. This can
encompass vaccines, antibiotics, antiparasitic, analgesics, and various other
drugs used to treat or prevent diseases in pets and livestock. There is a
consistent and high demand for veterinary medications due to the increasing pet
population and the importance placed on the health and well-being of animals in
the UAE. Pet owners and livestock producers often seek pharmaceutical solutions
to maintain the health of their animals. Many pharmaceuticals in the veterinary
medicine market require veterinary prescriptions. This often leads to a
significant portion of the market being captured by pharmaceutical companies as
they provide essential medications prescribed by veterinarians. Pharmaceutical
companies typically offer a diverse portfolio of products to address various
health concerns in animals. This comprehensive range of medications allows them
to cater to the diverse needs of different animal species. The pharmaceuticals
segment in veterinary medicine is characterized by ongoing research and
development efforts. Companies invest in the development of new and improved
formulations, delivery methods, and therapeutic options, contributing to their
market dominance.
End-User Insights
In 2022, the UAE Veterinary Medicine Market largest share was held
by Veterinary
Hospitals & Clinics segment
in the forecast period and is predicted to continue expanding over the coming
years.
Veterinary hospitals and clinics typically
offer a wide range of services, including routine check-ups, surgeries,
diagnostics, and emergency care. This comprehensive approach makes them a go-to
destination for various pet health needs. Veterinary hospitals often have
specialized facilities and equipment for diagnostics and treatments. This
allows them to handle complex medical cases and provide advanced care for pets
with specific health issues. Veterinary hospitals usually employ a diverse team
of qualified professionals, including veterinarians, veterinary technicians,
and support staff. The presence of skilled and experienced professionals
enhances the quality of care provided. Veterinary hospitals are better equipped
to handle emergencies, providing 24/7 services. This capability is crucial for
pet owners who may require immediate attention for their animals in case of
accidents or sudden illnesses. Over time, veterinary hospitals and clinics can
build trust and credibility within the community. Pet owners may prefer
establishments with a proven track record for delivering reliable and effective
veterinary care.
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Regional Insights
The Abu Dhabi region dominates
the UAE Veterinary Medicine Market in 2022. Abu Dhabi is the capital and the
economic hub of the United Arab Emirates. Economic activities, including those
related to pet ownership and veterinary services, are often concentrated in
major urban centers. The population density in Abu Dhabi might be higher
compared to other regions, leading to a greater concentration of pet owners
and, consequently, a higher demand for veterinary services and products. Regions
with a higher concentration of affluent residents often experience increased
pet ownership and a greater willingness to invest in high-quality veterinary
care and services. The availability of modern infrastructure and
state-of-the-art veterinary facilities can attract both pet owners and
professionals in the veterinary industry, making a region more prominent in the
market. the regulatory environment in Abu Dhabi is conducive to the growth of
the veterinary medicine market, it can attract businesses and professionals,
leading to market dominance.
Recent Developments
- In August 2023, The UAE
Government has declared the implementation of fresh regulations overseeing the
activities of healthcare professionals, healthcare facilities, and veterinary
facilities. These regulations include the establishment of a National
Veterinary Register encompassing all veterinary surgeons, practitioners, and
their assistants. Additionally, the regulations permit full foreign ownership
for international investors and entrepreneurs interested in establishing and
owning veterinary facilities within the UAE.
- 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.
Key Market Players
- 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
By
Animal Type
|
By Production
n
|
By
Companion
|
By
Product Type
|
By
End-User
|
By
Region
|
|
|
|
- Vaccine
- Pharmaceuticals
- Medicated
Feed Additives
|
- Veterinary
Hospitals & Clinics
- Reference
Laboratories
- Others
|
- Dubai
- Abu
Dhabi
- Sharjah
- Rest
of UAE
|
Report Scope:
In this report, the
UAE 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 Production
o Companion
- Veterinary Medicine Market, By Production:
o Poultry
o Swine
o Cattle
o Others
- Veterinary Medicine Market, By Companion:
o Dogs
o Cats
o Horses
o Others
- Veterinary Medicine
Market, By Product Type:
o Vaccine
o Pharmaceuticals
o Medicated Feed Additives
- Veterinary Medicine Market, By End-User:
o Veterinary Hospitals & Clinics
o Reference Laboratories
o Others
- Veterinary Medicine Market, By region:
o
Dubai
o
Abu
Dhabi
o
Sharjah
o
Rest
of UAE
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies presents in the UAE Veterinary Medicine Market.
Available Customizations:
UAE 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).
UAE 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]