From 2013 to 2023, Saudi Arabia's veterinary vaccines market, excluding foot and mouth disease, saw a gradual increase in per capita value, reaching USD 9.73 in 2023. Notable fluctuations include a peak at USD 9.96 in 2017 followed by a dip in 2018, but recovery continued thereafter. In terms of year-on-year growth, 2022 to 2023 showed a rise of approximately 2.1%. Calculating the compound annual growth rate (CAGR) from 2018 to 2023, the market showed a modest growth of around 2.9% per year.
Future trends to watch for include technological advancements in vaccine development, increasing awareness of animal health, and governmental policies supporting veterinary health, which could drive further growth in this market.
