Middle East & Africa Veterinary Hospital Market Size & Outlook
Middle East & Africa veterinary hospital market, 2018-2030 (US$M)
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MEA veterinary hospital market highlights
- The MEA veterinary hospital market generated a revenue of USD 2,798.8 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, medicine was the largest revenue generating type in 2023.
- Surgery is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2,798.8 million |
| Market revenue in 2030 | USD 4,509.0 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Medicine |
| Fastest growing segment | Surgery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgery, Medicine, Consultation |
| Key market players worldwide | CVS Group PLC, Pets at Home Group PLC, Greencross Vets, National Veterinary Associates, All Pets Veterinary Hospital, Innovetive Petcare |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.4% of the global veterinary hospital market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 10,033.8 million by 2030.
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Veterinary Hospital Market Scope
Veterinary Hospital Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa veterinary hospital 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 hospital market will help companies and investors design strategic landscapes.
Medicine was the largest segment with a revenue share of 45.37% in 2023. Horizon Databook has segmented the Middle East & Africa veterinary hospital market based on surgery, medicine, consultation covering the revenue growth of each sub-segment from 2018 to 2030.
The region of the Middle East is dominated by Islamic & Arabic populations with high cultural restrictions on owning certain animal species, such as dogs and swine. However, the ease of restrictions has been seen in recent years owing to many foreign residents in the countries.
As per the Israeli Ministry of Agriculture and Rural Development, about 54,000 new dogs were registered in the national database in 2019. The highest population of dogs was found to be in Tel Aviv, Jaffa, Rishon LeZion, Haifa, Beer Sheva, Jerusalem, and Petah Tikva.
Moreover, the larger the pet population in countries like South Africa & Dubai, risks for chronic diseases and respective veterinary visits for timely treatments are also high. According to the Dubai Kennels & Cattery (DKC) and DKC Veterinary Clinic, pets with chronic illnesses are often reported to show symptoms such as weight loss, increase in thirst, increased urination, cloudy eyes, vomiting, lethargy, and sweet smelling breath.
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Target buyers of Middle East & Africa veterinary hospital market databook
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Our clientele includes a mix of veterinary hospital 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 continent-level data and insights on the Middle East & Africa veterinary hospital market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa veterinary hospital market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA veterinary hospital market size, by country, 2018-2030 (US$M)
Middle East & Africa Veterinary Hospital Market Outlook Share, 2023 & 2030 (US$M)
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