Increasing investment in animal healthcare is driving the growth of the Saudi Arabia Veterinary Testing Services Market, in the forecast period, 2023-2027F.
According to TechSci Research report on, “Saudi Arabia Veterinary Testing Services Market - By Region, Competition Forecast & Opportunities, 2027”, Saudi Arabia veterinary testing services market is anticipated to grow with an impressive CAGR in forecast years 2023 to 2027. Saudi Arabia veterinary testing services market growth can be attributed to the factors like rising concerns for early diagnosis of diseases in pet animals and livestock.
Moreover, advancing healthcare services focused on the welfare of the animals in the country are further driving the growth of the Saudi Arabia veterinary testing services market in the upcoming five years. Rapidly increasing consumption of raw meat & processed meat, surge in the demand for the milk & dairy products from cattle is further adding to the growth of the Saudi Arabia veterinary testing services market in the next five years.
Increased animal farming for the supply of animal consumable products further strengthens the demand for early diagnosis of the diseases among the animal population. The infectious diseases have tendency to spread faster among animals thus early diagnosis is necessary and isolating the animals is further required thus increasing the demand for testing services and further supporting the growth of the Saudi Arabia veterinary testing services market in the next five years.
Health concerns toward animals and demand for nutritious food is also substantiating the growth of the Saudi Arabia veterinary testing services market in the future five years. Increasing exports of animal products, companion animals, and poultry to the neighboring country is also substantiating the growth of the Saudi Arabia veterinary testing services market in the forecast years, until 2027.
Moreover, increasing investment in the healthcare industry and genuine investments in the animal healthcare sector also supports the growth of the Saudi Arabia veterinary testing services market in the forecast period.
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The Saudi Arabia veterinary testing services market segmentation is based on animal type, testing category, diseases, competitional landscape, and regional distribution.
Based on animal type, the market is differentiated between companion animals and livestock. Livestock segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the ground of increasing demand for animal produces.
Surge in the consumption of milk & dairy products, meat products, etc. is further aiding the demand for the veterinary testing services and thus supporting the growth of the Saudi Arabia veterinary testing services market in the future five years.
Based on testing category, the market is bifurcated into analytical services, diagnostic imaging, bacteriology, pathology, immunoassays, and others. Analytical services are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of surging demands for the maintenance tests being conducted on animals, both companion animals and livestock.
Increasing advancement in the therapeutic sector along with the growing demand for the early diagnosis of the diseases is driving the growth of the diagnostic imaging and thus driving the growth of the Saudi Arabia veterinary testing services market in the next five years.
A partial list of major market players of the Saudi Arabia veterinary testing services market includes:
· Riyadh Veterinary Diagnostic Laboratory
· My Pet Clinic
· The Khobar Veterinary Clinic
· European Veterinary Clinic
· Elite Veterinary Clinic
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“Saudi Arabia animal healthcare sector is expanding and growing due to rapidly growing technological advancements and therapeutic product advances in the recent years. The country is one of the major economies that is supporting the growth of the animal farming industry in the Middle East & Africa region. The Saudi Arabia is also the major poultry product exporter. Increasing animal population of the country and increasing export demands would further support the growth of the Saudi Arabia veterinary testing services market in the upcoming five years. Major market players have increased their investment in the industry and research & development sector for the advancement in the testing services and thus aiding the future growth of the Saudi Arabia veterinary testing services market in the forecast years. Increased consumption of beef and raw meat substantiates the growth of the market. New market players may invest in animal husbandry practices along with the manufacturing of the nutritious veterinary testing services products thereby aiding the growth of their brands in future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Veterinary Testing Services Market By Animal Type (Companion Animals v/s Livestock), By Testing Category (Analytical Services, Diagnostic Imaging, Bacteriology, Pathology, Immunoassays, Others), By Diseases (Infectious Diseases, Non-Infectious Diseases, General Ailments, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Saudi Arabia veterinary testing services 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 Saudi Arabia veterinary testing services market.
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