Saudi Arabia Veterinary Diagnostics Market Assessment, By Product [Consumables, Instruments], By Technology [Molecular Immunodiagnostics, Molecular Diagnostics, Clinical Biochemistry, Hematology, Others], By Animal Type [Companion Animals, Livestock], By Application [Infectious Diseases, Endocrinology, Oncology, Cardiology, Others], By End-user [Veterinary Hospitals and Clinics, Veterinary Reference Laboratories], By Region, Opportunities and Forecast, 2017-2031F

Saudi Arabia veterinary diagnostics market is projected to witness a CAGR of 8.98% during the forecast period 2024-2031, growing from USD 116.73 million in 2023 to USD 232.82 million in 2031. The market’s expansion is supported by the growing threat of zoonotic diseases, rising efforts of the government to increase awareness about animal health, increasing adoption of companion animals, and growing efforts of the market players to introduce novel technologies in the country.

Increasing efforts of veterinary companies to showcase their products and services in Saudi Arabia are positively influencing the market’s expansion. In November 2023, the Saudi Pet & Vet Expo was held in Riyadh, which featured over a hundred dedicated veterinary care organizations. The exhibition featured meetings, lectures, and workshops on pets and veterinary medicine by field specialists to increase awareness of animal health and different technologies. The exhibition also addressed emerging animal disease risks from endemics and the necessity to protect animals and the environment. Such efforts are expected to bolster the awareness of veterinary practices and propel the Saudi Arabia veterinary diagnostics market.

Over the past few decades, the government has significantly invested towards the development of the country’s veterinary sector. Additionally, the number of veterinary graduates has also significantly increased over the past five decades. This, in turn, has increased the number of veterinary services provided across the country and augmented the requirement for veterinary diagnostic solutions. Moreover, the government and various other organizations are also actively investing in increasing public awareness and launching educational initiatives to aid both livestock and pet owners in maintaining the health of the animals. Various veterinary professionals and animal advocacy organizations are also playing a crucial role in increasing awareness about the importance of regular health checkups and testing for preventing the outbreak of diseases. Meanwhile, the advancements in veterinary diagnostic technologies have allowed animal owners to avail themselves of a wide range of specialized testing services that offer accurate results in a timely manner, further boosting the general population's confidence and supporting the market’s expansion.

Rising Investments Provide Growth Opportunities for the Market

The growing awareness about the importance of ensuring animal health and rising investments by the government towards research activities to bolster the availability of advanced veterinary technologies are providing lucrative growth opportunities to the market. In July 2024, Saudi Arbia invested USD 46 million on a cutting-edge veterinary laboratory. The laboratory is going to focus on vaccine development and conduct disease diagnosis and serve as a hub for controlling and monitoring the spread of animal diseases, identifying disease causes with the help of DNA sequencing, and conducting specialized laboratory tests. Such investments and efforts showcase the government’s efforts to strengthen the animal healthcare sector and bolster the availability of advanced veterinary solutions in the country.

Increasing Efforts of the Government Boost Market Expansion

Rising efforts by the government to improve animal health and prevent the outbreak of diseases among different animal species are bolstering the Saudi Arabia veterinary diagnostics market demand. In November 2022, the Saudi Minister of Environment, Water and Agriculture inaugurated the Aquatic Animal Diseases Network in Saudi Arabia to prevent aquatic diseases, strengthen the aquatic sector, meet the rising demand for aquaculture, and support the production of aquatic animals. The network also aims to assist member states in sustaining and developing the aquaculture sector by ensuring early detection of aquatic diseases as well as improving prevention measures. Additionally, the country is also working on various projects with the World Organization for Animal Health (OIE) to combat a broad range of diseases, including pestis of pet ruminants and rabies, among others, and for evaluating the quality of veterinary services in the country.

Growing Threat of Zoonotic Diseases Bolsters Market Demand

The rapid expansion of the country's market can also be attributed to the growing prevalence of zoonotic diseases, including rabies. Veterinary diagnostic solutions aid veterinary professionals in the early detection of zoonotic pathogens in animals, allowing for the introduction of control measures and interventions in a time-efficient manner, thus reducing the risk of the disease jumping the species barrier. Additionally, regular diagnostic testing also aids veterinarians in identifying potential outbreaks and monitoring disease prevalence, allowing them to manage the risks effectively. Furthermore, by monitoring the conditions with the help of veterinary diagnostics, the professionals can also introduce targeted interventions to prevent the spread of the disease and take effective measures to prevent future outbreaks. Identifying specific pathogens allows for developing targeted vaccination programs focusing on high-risk species, curbing the threat of zoonotic diseases.

Companion Animals Hold Major Market Share

The rise in the adoption of companion animals in the country is propelling the requirement for veterinary diagnostic solutions as pet owners are emotionally invested in the health and well-being of their companion animals and prefer regular health checkups and testing. The rising adoption of companion animals can be attributed to the shift in mindset and increasing recognition of the positive impact of companion animals on mental health. Additionally, various non-profit organizations in the country are working towards promoting compassion for animals and bolstering pet adoption. For instance, the Riyadh-based Rahmah Animal Welfare Association is involved with providing care to strays fighting wildlife trafficking has overseen hundreds of pet adoptions and has rescued over 2,300 animals between May 2020 and February 2022. Such organizations are encouraging the adoption of pets in the country and augmenting the Saudi Arabia veterinary diagnostics market growth.

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Future Market Scenario (2024-2031F)

• As per the Saudi Arabia veterinary diagnostics market analysis, integrating advanced technologies and innovation activities are expected to provide lucrative growth opportunities to the market over the coming years. The introduction of novel technologies is expected to aid veterinary professionals in accurately detecting pathogens and improving disease management in both livestock and companion animals.
• The rising efforts and initiatives by the government to improve animal health and bolster the availability of advanced technologies in the country are also expected to support the expansion of the Saudi Arabia veterinary diagnostics market.
• The increasing popularity of pet ownership among the younger population, coupled with a growing emphasis on preventive care, is further expected to augment the demand for veterinary diagnostic solutions in Saudi Arabia.
• Integrating machine learning and artificial intelligence with veterinary diagnostics can revolutionize the industry by enabling disease prediction and automated analysis of diagnostic images.

Report Scope

“Saudi Arabia Veterinary Diagnostics Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Saudi Arabia veterinary diagnostics market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2023
Historical Period	2017-2022
Forecast Period	2024-2031
Projected Growth Rate	CAGR of 8.98% between 2024 and 2031
Revenue Forecast in 2031	USD 232.82 million
Segments Covered	Product, Technology, Animal Type, Application, End-user
Regions Covered	Riyadh, Makkah, Eastern Region, Madinah, Rest of Saudi Arabia
Key Companies Profile	Sysmex Europe SE, Zoetis Services LLC, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., FUJIFILM Holdings Corporation, Zomedica Inc.
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, Saudi Arabia veterinary diagnostics market has been segmented into the following categories: 

• By Product
  • Consumables
  • Instruments
• By Technology
  • Immunodiagnostics
    • ELISA
    • Radioimmunoassays
    • Lateral flow Assays
    • Others
  • Molecular Diagnostics
    • PCR Tests
    • Microarrays
    • Nucleic Acid Sequencing
  • Clinical Biochemistry
    • Clinical Chemistry Analysis
    • Glucose Monitoring
    • Blood Gas and Electrolyte Analysis
  • Hematology
  • Others
• By Animal Type
  • Companion Animals
    • Dogs
    • Cats
    • Horses
    • Others
  • Livestock
    • Cattle
    • Pigs
    • Poultry
    • Others
  • By Application
    • Infectious Diseases
      • Bacterial Infections
      • Parasitic Infections
      • Viral Infections
    • Endocrinology
    • Oncology
    • Cardiology
    • Others
  • By End-user
    • Veterinary Hospitals and Clinics
    • Veterinary Reference Laboratories
  • By Region
    • Riyadh
    • Makkah
    • Eastern Region
    • Madinah
    • Rest of Saudi Arabia

Key Players Landscape and Outlook

Strategic alliances by the market's key players with leading healthcare companies to expand their reach in the Middle East are supporting the market’s expansion. In July 2024, Zomedica Inc., known for offering therapeutic products and point-of-care diagnostics for companion animals and equine, announced the expansion of their sales reach in countries including Bahrain, UAE, Qatar, Oman, Kuwait, Saudi Arabia, India, and Egypt. The expansion of the company in India, the Middle East, and Africa region marks another step in the company’s goal to become a global leader in the veterinary sector. The company also collaborated with Leader Healthcare to launch and distribute Zomedica products in the region. Such partnerships are expected to bolster the availability of innovative veterinary solutions in Saudi Arabia and advance animal health in the Gulf Cooperation Council Countries by meeting the requirements of clinical veterinarians in the region.

Key Players Operating in Saudi Arabia Veterinary Diagnostics Market are:

• Sysmex Europe SE
• Zoetis Services LLC
• Thermo Fisher Scientific, Inc.
• Bio-Rad Laboratories, Inc.
• FUJIFILM Holdings Corporation
• Zomedica Inc.

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