UAE Veterinary Medicine Market to be dominated by Pharmaceuticals Sector till 2027

Growing demand for animal-derived products and rise in companion animal ownership is expected to drive the demand of UAE veterinary medicine market in the forecast period, 2023-2027.  

According to TechSci Research report, UAE Veterinary Medicine Market By Region, Competition Forecast & Opportunities, 2027, the UAE veterinary medicine market is expected to witness steady growth in 2023-2027. Veterinary medicines refer to products that are used to treat different medical conditions of animals. It also includes vaccines which is used to build immunity in the animals against various diseases. Veterinary medicine also consists of medicated feed additives which are added to the animal feed to increase their nutritional content. The veterinary medicines can be given to both production and companion animals to keep them healthy and reduces the chances of disease spread among the cattle.

The surge in the animal healthcare expenditure and rise in the opening of hospitals & clinics dedicated to animals are expected to drive the demand for the UAE veterinary medicine market in the forecast period.

However, lack of awareness among people may restrain the UAE veterinary medicine market growth for the forecast period.

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The UAE veterinary medicine market is segmented into animal type, product type, end user, source, regional distribution, and competitive landscape

Based on animal type, the market is divided into production v/s companion. The production segment is further divided into poultry, swine, cattle, others while the companion segment is divided into dogs, cats, horses, and others. The production animal segment is expected to account for major market share in the forecast period owing to the growing demand for proteins to fulfill the nutritional requirements across the country.

Based on product type, the market is divided into vaccine, pharmaceuticals, medicated feed additives. Pharmaceuticals are expected to account for significant market share for the next five years. The high demand for medicines is due to increased prevalence of food-borne diseases, zoonotic diseases and brucellosis and other diseases which can affect the animal health adversely.

Based on end user, the market is divided into veterinary hospitals & clinics, reference laboratories, and others. The veterinary hospitals & clinics are expected to hold the largest market share in the forecast period. The hospitals & clinics invest heavy amounts to buy advanced medical tools and equipment which ensures that quality care is provided to the animals. Specialized surgeries, nuclear & regenerative medicines, advanced diagnostic imaging techniques and novel therapies can be obtained from the veterinary hospitals & clinics and one can obtain treatment as well as medicines from a single place which increases the convenience and comfort of the patients.

Based on source, the market is divided into domestic v/s import. The import segment is expected to witness fastest incremental growth in the forecast period owing to the rise in the willingness of consumers to spend on animal health. The medicines imported from outer conditions are considered more effective and have gained customer trust which is the major demand among the consumers.

Major market players operating in the UAE veterinary medicine market are:

  • Karman Veterinary Medicine Co. (L.L.C.)
  • The Veterinary Group LLC (TVG)
  • Wisdom Veterinary Medicine
  • Eurovets Veterinary Suppliers
  • Megavet Veterinary Medicine LLC
  • Al-Laseely Veterinary Medicine Trading
  • Maraseel Veterinary Medicine Trading L.L.C
  • Delta Vet Veterinary Medicines Trading LLC

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“A large share of diseases known to be transmitted between animals and humans, the government is taking strict steps to reduce the occurrence and spread of zoonotic diseases among animals. They are organizing awareness campaigns to boost awareness about the possible ill-effects of zoonotic diseases and the steps that should be taken to lower the effect of the disease. High support from the government, rise in development of effective medications and treatment for animals and the rise in the animal healthcare expenditure by consumers is expected to propel the UAE veterinary medicine market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

UAE Veterinary Medicine Market By Animal Type (Production v/s Companion), By Production (Poultry, Swine, Cattle, Others), By Companion (Dogs, Cats, Horses, Others), By Product Type (Vaccine, Pharmaceuticals, Medicated Feed Additives), By End User (Veterinary Hospitals & Clinics, Reference Laboratories, Others), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of UAE veterinary medicine market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE veterinary medicine market.

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