Saudi Arabia Companion Animal Diagnostics Market Size & Outlook
Saudi Arabia companion animal diagnostics market, 2016-2027 (US$M)
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Saudi Arabia companion animal diagnostics market highlights
- The Saudi Arabia companion animal diagnostics market generated a revenue of USD 10.9 million in 2021 and is expected to reach USD 20.7 million by 2027.
- The Saudi Arabia market is expected to grow at a CAGR of 11.2% from 2022 to 2027.
- In terms of segment, dogs was the largest revenue generating species in 2021.
- Cats is the most lucrative species segment registering the fastest growth during the forecast period.
Companion animal diagnostics market data book summary
| Market revenue in 2021 | USD 10.9 million |
| Market revenue in 2027 | USD 20.7 million |
| Growth rate | 11.2% (CAGR from 2021 to 2027) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Cats |
| Key market players worldwide | Zoetis, IDEXX Laboratories Inc, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, Neogen Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.2% of the global companion animal diagnostics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, South Africa companion animal diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 22.0 million by 2027.
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Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia companion animal diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to companion animal diagnostics market will help companies and investors design strategic landscapes.
Dogs was the largest segment with a revenue share of 50.46% in 2021. Horizon Databook has segmented the Saudi Arabia companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
Saudi Arabia companion animal diagnostics market is expected to witness lucrative market growth due to various factors such as increasing incidence of pet diseases and high demand for insurance policies. Moreover, the market is driven by an increase in the number of pet owners and favorable initiatives being undertaken by private players to promote animal healthcare practices.
Furthermore, the market growth can be attributed to increasing awareness about veterinary diseases coupled with high prevalence of zoonotic diseases. Moreover, rising demand for pet care insurance and increasing concern about protection of animals are boosting the demand for veterinary medicines.
In addition, increasing investments in R&D & animal healthcare and favorable government initiatives are driving the growth of companion animal diagnostics market in Saudi Arabia.
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Target buyers of Saudi Arabia companion animal diagnostics market databook
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Our clientele includes a mix of companion animal diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia companion animal diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Saudi Arabia companion animal diagnostics market size, by species, 2016-2027 (US$M)
Saudi Arabia Companion Animal Diagnostics Market Share, 2021 & 2027 (US$M)
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