Industry Research by Koncept Analytics
Global Animal Health Market: Industry Analysis & Outlook ----------------------------------------(2017-2021) September 2017
Global Animal Health Market: Industry Analysis & Outlook (2017-2021)
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Executive Summary Animals, like humans, also suffer from diseases and hence require proper care from veterinarians, farmers and pet owners. Improving the health of companion animals and livestock and treating them is the foremost objective of animal health industry. The animal health industry can be broadly classified into two parts production and companion segments. Every animal has distinct need of its own and thus, requires different treatments in accordance to its breed. Further, on the basis of products, animal health market is divided into three main sections; pharmaceuticals, biological and medicinal feed additives. The key factors driving the growth of animal health market include rising disposable income, growing ageing population, increasing pet ownership, mounting incidence of zoonotic diseases and less stringent animal drug approval process. Some of the noteworthy trends and developments of this industry include mergers & acquisitions in the industry, human drugs crossing over to the animal health and preventive therapies. However, the expansion of animal health market is hindered by barriers to entry for new players, high cost of product development and increasing pressure to reduce the use of antibiotics in livestock. The
report “Global Animal Health Market: Industry Analysis &
Outlook (2017-2021)� provides a
comprehensive analysis of the global animal health market and its major regional markets. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in-depth. The global market is highly competitive consisting of several large enterprises including Bayer AG, Merck & Co., Inc., Eli Lilly and Company and Zoetis Inc,. The competitive landscape of the respective market, along with the company profiles of leading players are discussed in detail.
Global Animal Health Market: Industry Analysis & Outlook (2017-2021)
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Costs of the research, development, and approval of new veterinary pharmaceuticals continue to grow rapidly. Thus, many manufacturers of veterinary drugs are looking for agents already licensed for human use to fill their pipeline of new products.
US$ Billion
Global Animal Health Market by Value (2012-2016)
• In 2016, the global animal health market was recorded at US$... billion, compared to US$... billion in 2015, thereby depicting an annual rise of …%. • By the end of 2021, the global animal health market is expected to be valued at US$... billion, growing at a CAGR of …%, spanning from 2017 to 2021. • In 2016, the Americas dominated the global animal health market with …% share, followed by Europe with …% share.
2012
2013
2014
2015
2016
Global Animal Health Market Forecast by Value (2017-2021)
US$ Billion
Global Animal Health Market Value by Region (2016)
Americas 2017
2018
2019
2020
Europe
Others
2021
Global Animal Health Market: Industry Analysis & Outlook (2017-2021)
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During 2016, global animal health market underwent series of changes led by major mergers and acquisitions. Global players have been pursuing this strategy to widen their product portfolios, enabling them to harness market potential in the long run. Americas Animal Health Market Forecast by Value (2016-2021)
US$ Billion
• By the end of 2021, Americas animal health market is estimated to reach US$... billion, growing at a CAGR of …%, spanning from 2016 to 2021. • European animal health market is expected to reach US$... billion by the end of 2021, increasing from US$... billion in year 2016, depicting a CAGR of …%, spanning from 2016 to 2021. • As of 2016, parasiticides accounted for the largest European market share of …% followed by vaccines, antimicrobials and tropical product with …%, …% and … % shares respectively. 2016
2017
2018
2019
2020
2021
European Animal Health Market Forecast by Value (2016-2021)
US$ Billion
European Animal Health Market by Products (2016)
Parasiticides 2016
2017
2018
2019
2020
2021
Vaccines
Antimicrobials
Topicals
Other Procducts
Global Animal Health Market: Industry Analysis & Outlook (2017-2021)
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