View Report Details Global Animal Health Market Report ----------------------------------------2015
View Report Details Executive Summary
Animals like humans also suffer from diseases and hence require proper care from veterinarians, farmers and pet owners. Improving the health and well-being of companion animals, livestock and wild animals and treating them is the foremost objective of animal health industry. Companion animals are the animals that are kept by people for companionship, protection and enjoyment whereas food producing animals are those which are raised in agricultural setting to produce commodities such as food and fiber and thereby serve the purpose of feeding humans. Animal health products, also known as veterinary medicines are pharmaceuticals, vaccines and feed additives used to keep animals healthy. These medicines help companion animals live longer and healthier lives and increase productivity of livestock.
Increasing animal meat consumption globally, rising ageing population, improving economic conditions with rise in the global GDP, increasing urban population, faster and cheaper regulatory approvals, increasing scope for Biologics and Oncolytic and improving drought conditions in high plain regions of the U.S., are the major factors contributing to the growth of animal health market. However, the growth of the market has been hindered by certain challenges including major threats from new entrants and generic companies, entrance of other players in food retail space and increased cost of product development.
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 U.S., Europe and India 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, Elli Lilly and Sanofi 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.
The animal health market enjoys positive growth as a result of growing ownership of companion animals and low threats from generic drugs because of high barriers to entry… Global Animal Health Market (2010-2014)
The worldwide animal health market reached US$... billion in 2014, increasing from US$.. billion in the previous financial year, recording a nominal annual growth rate of .. % for the year.
n ilo B $ S U
The pharmaceuticals segment held concentrated share of ..%, in the animal health market followed by Biologics market which held ..% share. The remaining ..% was held by medicinal feed activities. The Americas region held the supreme share of ..% followed by European region which held ..% share in the animal health market. 2010
2011 Sales
2012
2013
2014
Y-O-Y Nominal Growth
Global Animal Health Market by Products (2014)
Phaurmaceuticals
Biologics
In 2014, ..% of the total market was held by food producing animals followed by companion animals that held remaining …% share.
Global Animal Health Market by Regions (2014)
Medicinal Feed Activities
The Americas
Europe
Other
The market is also expected to grow majorly because of increasing protein needs in the emerging economies along with expanding pet population; and changing attitudes of pet owners… Global Food Producing Animal’s Health Market (2010-2014) 14.5
12%
14
10%
13.5
8%
13 12.5
6%
n ilo B S$ U
12
4%
11.5
2%
11 10.5
0% 2010
2011 Sales
2012
2013
2014
ilon S$B U
9%
8
8%
7
7%
6
6%
5
5%
4
4%
3
3%
2
2%
1
1%
0
0% Revenue
The U.S. animal health market reached US$.. billion in 2014, increasing from US$... billion in the previous fiscal, recording an annual growth of …%. Among the major product categories in the U.S. nutritional chemicals for animals are likely to account for maximum share of … % for the year 2016. Parasiticides are expected to hold second leading share of …% followed by animal vaccines with …%.
The U.S. Animal Health Market by Products (2016E)
9
2011
The Companion animal’s health market reached US$... billion in 2014, increasing from US$... billion in the previous fiscal year.
Annual Growth
The U.S. Animal Health Market (2010-2014E)
2010
Food producing animal’s health market reached US$... billion in 2014, increasing from US$... billion in the preceding year, recording an annual growth of …%. The market registered a notable CAGR of …% for the period 2010-2014.
2012
2013
Annual Growth
2014 E
Nutritional Chemicals
Parasiticides
Systemic Agents
Other Products
Vaccines
The regulatory framework for animal drugs are relatively faster compared to human drugs thus driving the market for animal health… European Animal’s Health Market by Products (2014)
The chief products of the European animal’s health industry include Parasiticides, Vaccines, Antimicrobials, Topical products and others. For 2014, the maximum product share in the UK was seized with parasiticides with ..% share, of which ..% was held with Endoparasiticides, followed by Ectoparasiticides and Endecrocides with ..% and ..% share correspondingly. The animal medicines market in the UK recorded sales of US$.. million (EUR.. million) during the year 2014, as compared to US$.. million (EUR.. million) in the previous fiscal year, demonstrating an upsurge of …% at an annual basis.
Vaccines
Other Products
Antimicrobials
Endoparasiticides
Ectoparasiticides
Endecrocides
Topical Products
The UK Animal Health Market (2010-2014)
Of all the products in the UK, Ectoparasiticides held the maximum product share of ..% followed by Vaccines share of ..%. Antimicrobials maintained a significant product share of ..% for the given timeframe. The UK Animal Health Market by Products (2014)
900
20%
800 15%
700 600
10%
500
n ilo S$M U
400
5%
300 200
0%
100 0
-5% 2010
2011 Sales
2012
2013
Annual Growth
2014
Ectoparasiticides
Vaccines
Antimicrobials
Endoparasiticides
Anti-Inflammatories
Reproductive Problems
Endecrocides
Others
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