UAE veterinary medicine
market is anticipated to grow at a robust CAGR during the forecast period,
2023-2027. Factors such as the increased prevalence of zoonotic and chronic
diseases and the growing livestock population are primarily driving the growth
of the UAE veterinary medicine market. Also, the surge in the pet adoption
rate, increased investments in research and development activities, and high consumption
rate of meat and other animal-based products are other prominent factors that
are expected to accelerate the growth of the UAE veterinary medicine market
growth over the forecast period.
Rise in the number Pet Owners
Drives the Market Growth
Based on a study on the pet
population, the number of pets is increasing at a rapid rate in the United Arab
Emirates. The number has increased by around 10,000 animals each from 2016 to
2020, with the dog population growing at the fastest rate, which is around 6,000
dogs in a year. Nowadays, keeping a pet is considered a status symbol which is
one of the significant reasons for their high demand among the people. The
strong economic position of the UAE is generating new income sources, which in
turn is increasing the expenditure capacity of consumers. They are investing in
the purchase and maintenance of pets or companion animals. Pet owners are
concerned about the health of animals and are constantly looking for
cost-effective and quality healthcare treatment solutions for various chronic
diseases of animals.
People are also keeping
animals for commercial purposes, such as to take milk, meat, eggs, and mutton
from animals which is also one of the significant reasons for the high demand
for animals in UAE. It is essential to keep the animals healthy to pass various
quality checks implemented by concerned authorities. The growing concerns
regarding animal health are expected to propel the UAE veterinary medicine
market growth over the next five years.
Launch of new Veterinary
Drugs and Vaccine Supports the Market Growth
The market players are
significantly investing in research and development activities to find new
solutions to boost the effectiveness of drugs and vaccines. The advent of novel
medicines and vaccines is expected to create lucrative growth opportunities for
the UAE veterinary medicine market in the forecast period. Also, the market
players are searching for more effective medication administration methods for
the animals, such as collars, sprays, and dips, which are expected to increase
the sales of veterinary medicines across the country.

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Market Segmentation
The UAE veterinary medicine market
is segmented into animal type, product type, end user, source, regional
distribution, and company. Based
on animal type, the market is divided into production v/s companion. The
production segment is further divided into poultry, swine, cattle, others while
the companion segment is divided into dogs, cats, horses, and others. Based on product
type, the market is divided into vaccine, pharmaceuticals, medicated feed
additives. Based on end user, the market is divided into veterinary hospitals
& clinics, reference laboratories, and others. Based on source, the market
is divided into domestic v/s import. To analyze the market based on the
region, the UAE veterinary medicine market is studied in major regions namely Dubai,
Abu Dhabi, Sharjah, and Rest of the UAE.
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 Wasl Veterinary Medicine), Jebel Ali Veterinary Medicine, American
Veterinary Medicine Dubai, and Emirates International Veterinary Medicine, are
among the major market players operating in the UAE Veterinary Medicine market.
Attribute
|
Details
|
Base Year
|
2021
|
Historic Data
|
2017 – 2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023 – 2027
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments covered
|
·
Animal Type
·
Product Type
·
End User
·
Source
|
Regional scope
|
Dubai, Abu Dhabi, Sharjah, Rest of UAE
|
Key companies profiled
|
Karman Veterinary Medicine Co. (L.L.C.), The
Veterinary Group LLC (TVG), Wisdom Veterinary Medicine, Eurovets Veterinary
Suppliers, Megavet Veterinary Medicine LLC, Al-Laseely Veterinary Medicine
Trading, Maraseel Veterinary Medicine Trading L.L.C, Delta Vet Veterinary
Medicines Trading LLC
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, UAE veterinary
medicine market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- UAE Veterinary
Medicine Market, By Animal Type:
- Production
- Poultry
- Swine
- Cattle
- Others
- Companion
- UAE Veterinary Medicine Market, By Product Type:
- Vaccine
- Pharmaceuticals
- Medicated Feed Additives
- UAE Veterinary Medicine Market, By End User:
- Veterinary Hospitals & Clinics
- Reference Laboratories
- Others
- UAE Veterinary Medicine Market, By Source:
- UAE Veterinary
Medicine Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE 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).
UAE veterinary medicine market is an
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