Saudi Arabia Veterinary Medicine Market Size & Outlook
Saudi Arabia veterinary medicine market, 2018-2030 (US$M)
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Saudi Arabia veterinary medicine market highlights
- The Saudi Arabia veterinary medicine market generated a revenue of USD 182.6 million in 2023 and is expected to reach USD 336.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.1% 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 182.6 million |
| Market revenue in 2030 | USD 336.3 million |
| Growth rate | 9.1% (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
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global veterinary medicine 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 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 |
|---|
Saudi Arabia 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 67.58% in 2023. Horizon Databook has segmented the Saudi Arabia veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia's veterinary medicine market is expected to witness lucrative market growth due to various factors such as the increasing incidence of pet diseases and high demand for insurance policies.
Many key companies are involved in R&D, launching new products targeting various disease conditions, deploying initiatives to raise awareness about animal health & medications, and partnerships & expansions to strengthen their market presence.
Biogenesis Bago agreed to establish Saudi Arabia’s first animal vaccine manufacturing facility with investments totaling USD 60 million. This joint venture was expected to build a facility that will initially focus on the manufacture of a foot-and-mouth disease vaccine, and later develop all animal vaccinations required in Saudi Arabia and the rest of the Middle East.
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Target buyers of Saudi Arabia 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia veterinary medicine market size, by product, 2018-2030 (US$M)
Saudi Arabia Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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