Saudi Arabia Veterinary Diagnostics Market Size & Outlook
Saudi Arabia veterinary diagnostics market, 2018-2030 (US$M)
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Saudi Arabia veterinary diagnostics market highlights
- The Saudi Arabia veterinary diagnostics market generated a revenue of USD 37.7 million in 2023 and is expected to reach USD 79.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, consumables, reagents & kits was the largest revenue generating product in 2023.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary diagnostics market data book summary
| Market revenue in 2023 | USD 37.7 million |
| Market revenue in 2030 | USD 79.2 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
| Key market players worldwide | IDEXX Laboratories Inc, Zoetis Inc Class A, Antech Diagnostics, Hera SpA, Embark, Esaote, Thermo Fisher Scientific Inc, Virbac SA, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global veterinary diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa veterinary diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6.5 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia veterinary 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 veterinary diagnostics market will help companies and investors design strategic landscapes.
Consumables, reagents & kits was the largest segment with a revenue share of 52.79% in 2023. Horizon Databook has segmented the Saudi Arabia veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia veterinary diagnostics market is growing at a moderate CAGR of 10.35%. This can be attributed to increasing application of veterinary diagnostics laboratories and growing awareness about animal health in the country. Increasing spending on animal health, growing livestock farming, and rise in adoption of companion animals are factors likely to drive market growth.
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Target buyers of Saudi Arabia veterinary diagnostics market databook
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Our clientele includes a mix of veterinary 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 veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia veterinary diagnostics market size, by product, 2018-2030 (US$M)
Saudi Arabia Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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