View Report Details Global Animal Health Market Report ----------------------------------------2014
View Report Details Executive Summary Animals like people suffer from diseases and require proper care from the veterinarians, the farmers and the pet owners. Food producing animals are the species that provide animal protein including cattle (both beef and dairy), swine, poultry, sheep and fish, whereas companion animals are the animals that are kept by people for companionship, protection and enjoyment such as dogs, cats, and horses among others. Keeping animals healthy and treating them with dignity is one of the main objectives of the animal health industry and applies equally to companion animals, livestock and wild animals. Animal health market includes pharmaceuticals, vaccines and medicinal feed additives. Pharmaceuticals contribute significantly to the health and well-being of food-producing and companion animals. Veterinary healthcare globally has had a significant boost in revenues due to a number of factors. Economic development and related growth in per capita disposable income, increasing pet ownership, increasing demand for improved nutrition especially animal protein, higher attention on food safety and higher demand for greater livestock production are major factors contributing to the growth of animal health market. Going forward, the key factor for the growth of animal health market will be the need to increase production of farm animal products (eggs, milk, beef and other dairy products). The report, “Global Animal Health Market� analyzes the development of the animal health market, with a focus on its segments including: market for companion animals and food producing animals. The global market along with markets of the US, the UK and China are being discussed in the report. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The three major players in the industry - Zoetis, Merck and Elli Lilly are being profiled, along with their key financials and strategies for growth. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Keeping animals healthy and treating them with dignity is one of the main objectives of the animal health industry and applies equally to companion animals, livestock and wild animals. … Global Animal Health Market Size (2008-2013)
US$ Billion
Global animal health market witnessed an increase of …% from US$... billion in 2012 to US$... billion in 2013. The market witnessed a decline in 2009 due to negative impact of recessionary conditions but it again got stabilized as people are reluctant to cut back on animal healthcare spending. With consumers demanding risk-free and healthy food, the demand for animal health products like medicines and vaccines has increased at a faster rate. This sector grew at a four year CAGR of …% reaching US$... billion in 2013.
2007
2008
2009
2010
2011
2012
The industry statistics indicate that pet ownership and spending per pet has increased globally. The animal health market for companion animals increased from US$... billion in 2012 to US$... billion in 2013, representing a increase of …%.
2013
Global Animal Health Market for Food Producing Animals (2008-2013)
US$ Billion
US$ Billion
Global Animal Health Market for Companion Animals (2008-2013)
2008
2009
2010
2011
2012
2013
2008
2009
2010
2011
2012
2013
Factors like increasing pet ownership, higher demand for livestock production and animal protein are driving the animal health market globally….. The US Animal Health Market (2006-2013)
The US market for animal health increased by …% from US$... billion in 2012 to reach US$... billion in 2013.
US$ Billion
The residents of the US spent US$... billion on their pets in 2013 as compared to US$... billion in 2012, representing an increase of …%. The animal medicines market in the UK registered sales of US$... million (£… million) during the marketing year 2013 as compared to US$... million (£.. million) in 2012, representing an increase of …% at a constant exchange rate.
2006
2007
2008
2009
2010
2011
2012
Chinese animal health industry has evolved remarkably in the recent years due to rise in domestic livestock production and growing concerns over animal diseases. The animal health market in China reached US$... billion at the end of year 2013.
2013
Animal Medicine Market in the UK (2007-2013)
US$ M illion
US$ Billion
Animal Health Market in China (2008-2013E)
2007
2008
2009
2010
2011
2012
2013
2008
2009
2010
2011
2012
2013E
Economic development, growing aging population and strong demand for animal meat are the chief factors that will drive the animal health market…
US$ Billion
Global Animal Health Market Forecast (2013-2017E)
2013
2014E
2015E
2016E
2017E
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The overall revenues of global animal health market were US$...billion in 2013, which are expected to grow up to US$... billion by the end of 2017.
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Demand for animal health products is pegged to economic growth. Positive GDP growth leads to rising income. Since the income of the people determines the level of spending, therefore as the income rises, people tend to spend more on animals.
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Increase in aging population has a positive impact on the animal health market. Elderly people need companion to alleviate loneliness and therefore most elderly people choose to have a pet. With growing aging demographics, the pet population will also increase proportionately which will further spur spending on pet products and services.
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The consumption of animal meat is likely to increase as people with more disposable incomes demand improved and high-value nutrition. The increased animal meat consumption and increased focus on food safety would bring about an increase in the overall animal health market.
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