Kuwait Veterinary Medicine Market Size & Outlook
Kuwait veterinary medicine market, 2018-2030 (US$M)
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Kuwait veterinary medicine market highlights
- The Kuwait veterinary medicine market generated a revenue of USD 18.8 million in 2023 and is expected to reach USD 36.8 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2023.
- Biologics is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary medicine market data book summary
| Market revenue in 2023 | USD 18.8 million |
| Market revenue in 2030 | USD 36.8 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Biologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics, Pharmaceuticals, Medicated Feed Additives |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Merck & Co Inc, Elanco Animal Health Inc, Dechra Pharmaceuticals, Ceva Santé Animale, Phibro Animal Health Corp Class A, Virbac SA, Bimeda Ireland, Biogenesis Bago |
Other key industry trends
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa veterinary medicine market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 85.7 million by 2030.
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Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait veterinary medicine 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 medicine market will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 67.02% in 2023. Horizon Databook has segmented the Kuwait veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for veterinary vaccines is a major factor driving growth of the veterinary medicine market. The poultry industry is one of the dominating food industries in the country.
According to an article published by FAOSTAT, sheep and goat populations in Kuwait were 684,231 and 209,686, respectively, in 2018. However, a hike in the poultry feed price may hamper market growth.
According to data published by the Observatory of Economic Complexity, Kuwait was the 50th largest exporter of sheep and goats in 2021. It exported $840k goats and sheep. The country became the world's third-largest importer of sheep and goats in 2021.
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Target buyers of Kuwait veterinary medicine market databook
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Our clientele includes a mix of veterinary medicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait veterinary medicine market size, by product, 2018-2030 (US$M)
Kuwait Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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