Market revenue in 2023 | USD 2,046.4 million |
Market revenue in 2030 | USD 3,704.7 million |
Growth rate | 8.8% (CAGR from 2023 to 2030) |
Largest segment | Pharmaceuticals |
Fastest growing segment | Biologics |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
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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 67.33% in 2023. Horizon Databook has segmented the Middle East & Africa veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
In the Middle East & Africa, the increasing adoption of veterinary services drives the veterinary medicines market. The growing prevalence of infectious diseases in animals increases the demand for veterinary treatments and medicines.
The spread of animal pathogens due to the increasing international trade drives the demand for veterinary medicines. The shortage of veterinary vaccines is another major factor that drives veterinary medicines market, and this resulted in increased import of veterinary vaccines.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa veterinary medicine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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