The value of the KSA veterinary therapeutics market stood at US$384.2 mn in 2016 and is projected to reach US$575.3 mn in 2025. At this pace, the market poised to expand at a CAGR of 4.7% during 2017 to 2025.
Albany, NY -- (SBWIRE) -- 09/15/2017 -- Nowadays, the veterinary medicine and science are leveraging latest veterinary diagnostic methods to provide quality treatment to the animals. In recent years, rising awareness about prevention and well-being of both livestock as well as companion animals is expected to boost the demand for veterinary vaccines over the next few years, which as a result favorably impacting the veterinary therapeutics market. Considering these factors, a new report titled "Veterinary Therapeutics Market - Kingdom of Saudi Arabia Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025" has been published to the online repository of Market Research Reports Search Engine (MRRSE). With a prime focus on Kingdom of Saudi Arabia, the report covers all the prevalent trends and technologies playing a major role in the growth of the veterinary therapeutics market over the forecast period. It also highlights various drivers, restraints and opportunities that are expected to influence the market growth during the said period.
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As per the analyst's key findings, the value of the KSA veterinary therapeutics market stood at US$384.2 mn in 2016 and is projected to reach US$575.3 mn in 2025. At this pace, the market poised to expand at a CAGR of 4.7% during 2017 to 2025. Increased consumption of meat and the rising demand for high-quality proteins are vital factors driving the market for veterinary therapeutics. In this study, market-related factors such as increasing preference for technologically advanced services, product innovation, and growing number of acute and chronic animal and zoonotic diseases in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size.
Initially, the study starts be presenting an in-depth overview of the veterinary therapeutics market so as to enlighten the readers about the motive of the research. Further, executive summary and market analysis scenario for the forecast period (2017-2027) is presented which includes market size, Y-o-Y growth and value chain analysis. The research finds that in KSA, the veterinary therapeutics market has experienced significant developments in the past few years and the demand for vaccines, veterinary drugs, and nutritional feed additives so as to prevent, treat and manage various animal diseases has reached an all-time high.
Moving further, the report offers a clear picture of the market by segmenting it on the basis of product types, vaccine types, nutritional feed additives, disinfectants and animal type. On the basis of product type, it covers endoparasiticides, antibiotics, ectoparasiticides, anti-inflammatories and endectocides. Amongst, the segment of antibiotics held the leading share, which is anticipated to remain as well until the end of 2024. On the basis of vaccine type, bacterial and viral are the two prime segments. The viral vaccines segment is predictable to hold the dominant share in the veterinary therapeutics market in the Kingdom of Saudi Arabia.
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Later, the study includes detailed competitiveness analysis and profiles key players with their SWOT analysis and strategic outline. Key market players profiled in this report include Dechra Animal Health, Bayer Animal Health, Boehringer Ingelheim Vetmedica, Inc., Ceva Sante Animale, Elanco Animal Health, Merck Animal Health, Vetoquinol S.A., Virbac S.A. and Zoetis, Inc.
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