Saudi Arabia Veterinary Medicine Market, By Animal Type (Production {Poultry, Swine, Cattle, Others} v/s Companion {Dogs, Cats, Horses, Others}), By Product Type (Vaccine {Inactive Vaccines, Attenuated Vaccines, Recombinant Vaccines, Others}, Pharmaceuticals {Parasiticides, Analgesics, Anti-Inflammatory, Anti-infectives, Others}, Medicated Feed Additives {Amino acids, Antibiotics, Others}), By End User (Veterinary Hospitals & Clinics, Reference Laboratories, Others), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, 2027
Saudi Arabia veterinary medicine market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2023-2027, on the account of advancing pharmaceutical products and their availability for the animal welfare in the country. Rapidly growing demand for the animal healthcare products & services along with rising concerns toward their health is further driving the growth of the Saudi Arabia veterinary medicine market in the upcoming five years. Pharmaceutical products, therapeutics, and animal healthcare related drugs and supplements are altogether categorized as veterinary medicine.
Animal Welfare Concerns Drive Market Growth
Rapidly growing population of companion animals like cats, dogs, camels, etc. is majorly responsible for the growth of the Saudi Arabia veterinary medicine market in the upcoming five years. With increasing companion animal population, the pet owners are quite concerned regarding long and short term health conditions of their pets. Thus, the surge in the demand for better healthcare facility, advanced pharmaceutical products, therapeutic medicines and drugs are anticipated to further support the growth of the Saudi Arabia veterinary medicine market in the next five years.
Increasing demand for animal based food products like milk & dairy products, poultry products, etc. is also substantiating the growth of the Saudi Arabia veterinary medicine market in the future five years. Rising concerns toward food products and its safety, and after consideration of various diseases being caused due to consumption of animal products, maintenance of health and well being of the animals is a serious issue, and generates higher demand for the veterinary medicines, and thus aiding market growth.
Technological Advancement Leads Market Growth
Rapidly growing healthcare system in the country is also focused on animal healthcare as much as it is concerned toward human healthcare systems. Growing advancements in the pharmaceutical sector, advancements in the drugs that are best suited for the pet animals as well as production animals being harvested, is driving the market growth in the upcoming five years. Rapidly increasing instances of zoonotic diseases like cat scratch disease is increasing in the country and supporting the growth of the Saudi Arabia veterinary medicine market in the next five years.
Increasing research and product development in the sector like rapidly growing demands for vaccines against various diseases for the companion animals, pharmaceutical products that are provided for treatment purposes to the animals, and feed additives, that are anticipated to build their immunity, enhance their growth, aid their fur textures, etc. are also responsible for the surging demands for the veterinary medicine advancement, and thus supports market growth in the forecast years.
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 animals and companion animals. Production animals are produce generating animals like poultry, swine, 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 vaccine, pharmaceuticals, 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 on the basis of end user is differentiated into veterinary hospitals & clinics, reference laboratories, 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, among others is a partial list of major market players of the companies responsible for the growth of Saudi Arabia veterinary medicine market.
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:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook