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Kingdom of Saudi Arabia Veterinary Therapeutics Market with Industry Key Players: Bayer Animal Health, Boehringer Ingelheim Vetmedica, Inc., Ceva Sante Animale, Dechra Animal Health, Elanco Animal Health, Merck Animal Health, Vetoquinol S.A., Virbac S.A.,
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Saudi Arabia veterinary therapeutics market is likely remain high in the coming years. The introduction of new players is expected to intensify the competition. The leading players, Zoetis, Inc., Elanco Animal Health, Merck Animal Health, Bayer Animal Health, and Boehringer, held a share of more than 50% in the overall market in 2016.
According to the research report, the Saudi Arabia veterinary therapeutics market is estimated to be worth US$ 575.3 mn by the end of 2025 from US$ 384.2 mn in 2016. During the forecast years of 2017 and 2025, the global market is projected to surge at a CAGR of 4.7%. The pharmaceuticals segment holds the leading share in the overall market and it is expected to maintain its stance in the coming years as well. The demand for preventive measures against various ailments that can affect animals is expected to help the pharmaceutical segment acquire a share of 58.5% by 2025 in the overall market.
Growing Adoption of Companion Animals to Drive Saudi Arabia Veterinary Therapeutics Market
The veterinary therapeutics market of Saudi Arabia includes drugs, vaccines, and nutritional feed. These are extensively being used for treating animals, prevention of various infectious and bacterial conditions, and for overall health of the animals. In the past few years, this market has witnessed a rapid rise due to growing awareness about animal health care. The increasing importance of both companion and livestock animals for food and domestication have been driving the demand for veterinary therapeutics.
Some of the other factors responsible for the growth of the overall market are ownership of companion animals, evolution of advanced products for combating newer diseases in animals, improving affordability, and growing expenditure on animal health. The growing emphasis on preventing diseases and ensuring wellness is also expected to a key market driver for the increasing sales of veterinary therapeutics. Additionally, the sudden rise in zoonotic diseases has also been identified as a responsible factor driving the soaring revenue of the market. The exponentially increasing consumption of poultry and dairy are also slated to play an instrumental role in defining the trajectory of the overall market. The easy availability of antibiotics and increasing ownership of companion animals are also projected to bolster the Saudi Arabia veterinary therapeutics market growth in the foreseeable future.
Based on product type, the KSA veterinary therapeutics market has been segmented into pharmaceuticals (ectoparasiticides, endoparasiticides, antibiotics, anti-inflammatories, and endectocides), vaccines (bacterial vaccines, and viral vaccines), nutritional feed additives (amino acids, vitamins, and minerals), and disinfectants (floor disinfectants, and disinfectants used in tissues). The market has been further studied from the point of view of major animal types. Based on animal type, the market has been categorized into companion animals and livestock animals.
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This report provides in-depth analysis of the veterinary therapeutics market. The stakeholders for this report include pharmaceutical companies providing veterinary medicines. For providing a snapshot of this market to the stakeholders, executive summary section is included in this report, which summarizes the market size, trends and competition for different product type and animal type. Market share analysis among the market players is analyzed to signify percentage share of the major players operating in the KSA veterinary therapeutics market. Furthermore, the report incorporates market attractiveness analysis by product type and animal type that depicts the most attractive and significant segments in the KSA market in 2016.
Key Players Mentioned in this Report are:
The report also comprises list major global players in the market, their SWOT analysis, market share of these players in the veterinary therapeutics market, key business strategies, product portfolios, and recent developments. Key market players profiled in this report include, Bayer Animal Health, Boehringer Ingelheim Vetmedica, Inc., Ceva Sante Animale, Dechra Animal Health, Elanco Animal Health, Merck Animal Health, Vetoquinol S.A., Virbac S.A., and Zoetis, Inc
The KSA veterinary therapeutics market has been segmented as follows:
KSA Veterinary Therapeutics Market, by Product Type
Pharmaceuticals
Ectoparasiticides
Endoparasiticides
Antibiotics
Anti-inflammatories
Endectocides
Vaccines
Bacterial
Viral
Nutritional Feed Additives
Amino Acids
Vitamins
Minerals
Disinfectants
Floor Disinfectants
Disinfectants Used in Tissues
KSA Veterinary Therapeutics Market, by Animal Type
Companion
Cats
Dogs
Livestock
Cattle
Sheep
Poultry
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