Saudi Arabia Veterinary Orthopedic Medicine Market Size & Outlook
Saudi Arabia veterinary orthopedic medicine market, 2018-2030 (US$M)
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Saudi Arabia veterinary orthopedic medicine market highlights
- The Saudi Arabia veterinary orthopedic medicine market generated a revenue of USD 2.8 million in 2023 and is expected to reach USD 5.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2023.
- Viscosupplements is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary orthopedic medicine market data book summary
| Market revenue in 2023 | USD 2.8 million |
| Market revenue in 2030 | USD 5.0 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Viscosupplements |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics, Viscosupplements, Pharmaceuticals |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Elanco Animal Health Inc, Daiichi Sankyo Co Ltd, Merck & Co Inc, Vetoquinol SA, Ceva Santé Animale, Virbac SA, Biogenesis Bago, Ardent Health Services, Biomerica Inc, PetVivo Holdings, Contipro, Medrego, Hyalogic |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.2% of the global veterinary orthopedic 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 orthopedic medicine market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 0.5 million by 2030.
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Veterinary Orthopedic Medicine Market Scope
Veterinary Orthopedic Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia veterinary orthopedic 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 orthopedic medicine market will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 46.43% in 2023. Horizon Databook has segmented the Saudi Arabia veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The country's fast urbanization and shifting lifestyle are the main factors driving Saudi Arabia veterinary orthopedic medicine market. The country's economic growth and urbanization have led to more sedentary lifestyles for both pets and their owners.
Pets in cities tend to have less active lifestyles and high-calorie pet food diets. Due to this lifestyle change, obesity in pets is becoming more common, highlighting the need for effective therapies and treatments for obesity control. There has been a noticeable cultural shift in Saudi Arabia, where people now regard dogs as part of their families.
This change in perspective has made pet owners more conscious of the importance of their pets' health & wellbeing. Thus, pet owners are spending more money to address health issues of their pets.
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Our clientele includes a mix of veterinary orthopedic 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 orthopedic medicine market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia veterinary orthopedic medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia veterinary orthopedic medicine market report size, by product, 2018-2030 (US$M)
Saudi Arabia Veterinary Orthopedic Medicine Market Share, 2023 & 2030 (US$M)
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