Veterinary Medicine in Middle East & Africa
Summary
Veterinary Medicine in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Veterinary medicine is concerned with preventing, controlling, diagnosing, and treating diseases affecting the health of both food-producing and companion animals and preventing the transmission of animal diseases to humans. Market value represents revenue generated by market players in a specific year.
- The Middle East & African veterinary medicine market recorded revenues of $323.3 million in 2023, representing a compound annual growth rate (CAGR) of 2.3% between 2018 and 2023.
- The pharmaceutical segment accounted for the market's largest proportion in 2023, with total revenues of $178.3 million, equivalent to 55.1% of the market's overall value.
- The Middle Eastern & African market experienced growth driven by the rising trend of pet ownership, which notably boosts demand for veterinary services and pet health products. For example, the Pet Industry Association of South Africa (PIASA), 45% of adults in South Africa are pet owners. Among these pet owners, around 78% own dogs, while 36% own cats.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the veterinary medicine market in Middle East & Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the veterinary medicine market in Middle East & Africa
- Leading company profiles reveal details of key veterinary medicine market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa veterinary medicine market with five year forecasts
- What was the size of the Middle East & Africa veterinary medicine market by value in 2023?
- What will be the size of the Middle East & Africa veterinary medicine market in 2028?
- What factors are affecting the strength of competition in the Middle East & Africa veterinary medicine market?
- How has the market performed over the last five years?
- How large is Middle East & Africa’s veterinary medicine market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What have been the most recent market developments?
- 8 Company Profiles
- 8.1. Zoetis Inc
- 8.2. Merck & Co., Inc.
- 8.3. Elanco Animal Health Inc
- 8.4. Boehringer Ingelheim GmbH
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: Middle East & Africa veterinary medicine market value: $ million, 2018-23
- Table 2: Middle East & Africa veterinary medicine market category segmentation: % share, by value, 2018-23
- Table 3: Middle East & Africa veterinary medicine market category segmentation: $ million, 2018-23
- Table 4: Middle East & Africa veterinary medicine market geography segmentation: $ million, 2023
- Table 5: Middle East & Africa veterinary medicine market value forecast: $ million, 2023-28
- Table 6: Zoetis Inc: Key Facts
- Table 7: Zoetis Inc: Annual Financial Ratios
- Table 8: Zoetis Inc: Key Employees
- Table 9: Zoetis Inc: Key Employees Continued
- Table 10: Merck & Co., Inc.: Key Facts
- Table 11: Merck & Co., Inc.: Annual Financial Ratios
- Table 12: Merck & Co., Inc.: Key Employees
- Table 13: Merck & Co., Inc.: Key Employees Continued
- Table 14: Elanco Animal Health Inc: Key Facts
- Table 15: Elanco Animal Health Inc: Annual Financial Ratios
- Table 16: Elanco Animal Health Inc: Key Employees
- Table 17: Elanco Animal Health Inc: Key Employees Continued
- Table 18: Boehringer Ingelheim GmbH: Key Facts
- Table 19: Boehringer Ingelheim GmbH: Key Employees
- Table 20: Middle East & Africa Size of Population (million), 2019-23
- Table 21: Middle East & Africa Real GDP (constant 2010 Prices, $ billion), 2019-23
- Table 22: Middle East & Africa GDP (current prices, $ billion), 2019-23
- Table 23: Middle East & Africa Inflation, 2019-23
- Table 24: Middle East & Africa Consumer Price Index (absolute), 2019-23
- Table 25: Middle East & Africa Exchange Rate, 2018-23
- List of Figures
- Figure 1: Middle East & Africa veterinary medicine market value: $ million, 2018-23
- Figure 2: Middle East & Africa veterinary medicine market category segmentation: $ million, 2018-23
- Figure 3: Middle East & Africa veterinary medicine market geography segmentation: % share, by value, 2023
- Figure 4: Middle East & Africa veterinary medicine market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the veterinary medicine market in Middle East & Africa, 2023
- Figure 6: Drivers of buyer power in the veterinary medicine market in Middle East & Africa, 2023
- Figure 7: Drivers of supplier power in the veterinary medicine market in Middle East & Africa, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the veterinary medicine market in Middle East & Africa, 2023
- Figure 9: Factors influencing the threat of substitutes in the veterinary medicine market in Middle East & Africa, 2023
- Figure 10: Drivers of degree of rivalry in the veterinary medicine market in Middle East & Africa, 2023
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