UAE Veterinary Medicine Market Size & Outlook, 2023-2030
UAE veterinary medicine market, 2018-2030 (US$M)
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UAE veterinary medicine market highlights
- The UAE veterinary medicine market generated a revenue of USD 53.1 million in 2023 and is expected to reach USD 103.4 million by 2030.
- The UAE market is expected to grow at a CAGR of 10% 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 53.1 million |
| Market revenue in 2030 | USD 103.4 million |
| Growth rate | 10% (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, UAE accounted for 0.1% 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 |
|---|
UAE 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 67.61% in 2023. Horizon Databook has segmented the UAE veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing prevalence of zoonotic and chronic diseases is impelling the veterinary medicine market in the region. Growing livestock population, pet adoption rate, and research are other major factors contributing to market growth.
The launch of veterinary products and vaccines is another driver in the UAE veterinary medicine market. Availability of specialized pet care that includes ophthalmology, orthopedics, and dermatology increases the need for veterinary medicines in the country.
Hence, increasing demand for locally produced chicken meat products and high shipping costs incurred by poultry farmers for animal feeds showcase market potential. Moreover, rising focus on animal welfare further drives market growth.
Reasons to subscribe to UAE veterinary medicine market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UAE 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 UAE veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into UAE veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE veterinary medicine market size, by product, 2018-2030 (US$M)
UAE Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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