2015 – 2025 GLOBAL ANIMAL PHARMACEUTICALS MARKET FORECAST & OPPORTUNITIES
www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Animal Pharmaceuticals
Global animal pharmaceuticals market is likely to grow with a steady CAGR during the forecast period due to increase in pet adoption, rise in fatal diseases like Ebola and swine flu spreading from consumption of dairy and animal related products. Animal pharmaceuticals are highly beneficial in diagnosis and treatment of animal disorders. Based on product type, market can be segregated into vaccine, veterinary and others.
Market Segmentation
PRODUCT TYPE
REGISTRATION
Year Range •
Vaccine
•
•
Veterinary
•
•
Others
Generic Patented
REGION PRODUCT
•
Asia-Pacific Europe
Review Period
2015 – 2018 Base Year
•
Ectoparasiticides
•
•
Endoparasiticides
•
North America
2019
•
Anti-Inflammatories
•
South America
Estimated Year
Bronchodilators
•
Middle East &
•
Africa (MEA) ANIMAL TYPE •
Companion Animals
•
Production Animals
2020 Forecast Period
2021 – 2025
2
Table of Contents S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Impact of COVID-19 on Global Animal Pharmaceuticals Market
4.
Executive Summary
5.
Voice of Customers
6.
Global Animal Pharmaceuticals Market Outlook 6.1.
Market Size & Forecast 6.1.1.
6.2.
Page No.
By Value & Volume
Market Share & Forecast 6.2.1.
By Product Type (Vaccine, Veterinary, Others)
6.2.2.
By Product 6.2.2.1.
Ectoparasiticides (Ivermectin, Cypermethrin, Fipronil, Coumaphos, Others)
6.2.2.2.
Endoparasiticides (Ivermectin, Praziquantel, Flubendazole, Milbemycin, Levamisole, Fenbendazole, Pyrantel, Others)
6.2.2.3.
Anti-Inflammatories (NSAIDs, Corticosteroids, Others)
6.2.2.4.
Bronchodilators (Theophylline, Albuterol, Others)
6.2.3.
By Animal Type (Companion Animals, Production Animals)
6.2.4.
By Registration (Generic, Patented)
6.2.5.
By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)
3
Table of Contents S. No.
Contents 6.2.6. 6.3.
7.
Page No.
By Company (2019)
Market Attractiveness Index
Asia-Pacific Animal Pharmaceuticals Market Outlook 7.1.
Market Size & Forecast
7.1.1. 7.2.
7.3.
By Value & Volume
Market Share & Forecast 7.2.1.
By Product Type
7.2.2.
By Product
7.2.3.
By Animal Type
7.2.4.
By Country (China, India, Japan, South Korea, Australia)
Asia-Pacific: Country Analysis 7.3.1.
China Animal Pharmaceuticals Market Outlook 7.3.1.1.
Market Size & Forecast 7.3.1.1.1.
7.3.1.2.
7.3.2.
By Value & Volume
Market Share & Forecast 7.3.1.2.1.
By Product Type
7.3.1.2.2.
By Product
7.3.1.2.3.
By Animal Type
India Animal Pharmaceuticals Market Outlook
4
Table of Contents S. No.
Contents 7.3.2.1.
Market Size & Forecast 7.3.2.1.1.
7.3.2.2.
7.3.3.
By Value & Volume
Market Share & Forecast 7.3.2.2.1.
By Product Type
7.3.2.2.2.
By Product
7.3.2.2.3.
By Animal Type
Japan Animal Pharmaceuticals Market Outlook 7.3.3.1.
Market Size & Forecast 7.3.3.1.1.
7.3.3.2.
7.3.4.
Page No.
By Value & Volume
Market Share & Forecast 7.3.3.2.1.
By Product Type
7.3.3.2.2.
By Product
7.3.3.2.3.
By Animal Type
South Korea Animal Pharmaceuticals Market Outlook 7.3.4.1.
Market Size & Forecast 7.3.4.1.1.
7.3.4.2.
By Value & Volume
Market Share & Forecast 7.3.4.2.1.
By Product Type
7.3.4.2.2.
By Product
7.3.4.2.3.
By Animal Type
5
Table of Contents S. No.
Contents 7.3.5.
Australia Animal Pharmaceuticals Market Outlook 7.3.5.1.
Market Size & Forecast 7.3.5.1.1.
7.3.5.2.
8.
Page No.
By Value & Volume
Market Share & Forecast 7.3.5.2.1.
By Product Type
7.3.5.2.2.
By Product
7.3.5.2.3.
By Animal Type
Europe Animal Pharmaceuticals Market Outlook 8.1.
Market Size & Forecast 8.1.1.
8.2.
8.3.
By Value & Volume
Market Share & Forecast 8.2.1.
By Product Type
8.2.2.
By Product
8.2.3.
By Animal Type
8.2.4.
By Country (United Kingdom, Italy, France, Germany, Spain)
Europe: Country Analysis
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Table of Contents S. No.
Contents 8.3.1.
United Kingdom Animal Pharmaceuticals Market Outlook 8.3.1.1.
Market Size & Forecast 8.3.1.1.1.
8.3.1.2.
8.3.2.
By Value & Volume
Market Share & Forecast
8.3.1.2.1.
By Product Type
8.3.1.2.2.
By Product
8.3.1.2.3.
By Animal Type
Italy Animal Pharmaceuticals Market Outlook 8.3.2.1.
Market Size & Forecast 8.3.2.1.1.
8.3.2.2.
8.3.3.
Page No.
By Value & Volume
Market Share & Forecast 8.3.2.2.1.
By Product Type
8.3.2.2.2.
By Product
8.3.2.2.3.
By Animal Type
France Animal Pharmaceuticals Market Outlook 8.3.3.1.
Market Size & Forecast 8.3.3.1.1.
8.3.3.2.
By Value & Volume
Market Share & Forecast
8.3.3.2.1.
By Product Type
8.3.3.2.2.
By Product
7
Table of Contents S. No.
Contents 8.3.3.2.3. 8.3.4.
Market Size & Forecast 8.3.4.1.1.
8.3.4.2.
By Value & Volume
Market Share & Forecast 8.3.4.2.1.
By Product Type
8.3.4.2.2.
By Product
8.3.4.2.3.
By Animal Type
Spain Animal Pharmaceuticals Market Outlook 8.3.5.1.
Market Size & Forecast 8.3.5.1.1.
8.3.5.2.
9.
By Animal Type
Germany Animal Pharmaceuticals Market Outlook 8.3.4.1.
8.3.5.
Page No.
By Value & Volume
Market Share & Forecast 8.3.5.2.1.
By Product Type
8.3.5.2.2.
By Product
8.3.5.2.3.
By Animal Type
North America Animal Pharmaceuticals Market Outlook 9.1.
Market Size & Forecast 9.1.1.
9.2.
By Value & Volume
Market Share & Forecast 9.2.1.
By Product Type
9.2.2.
By Product
8
Table of Contents S. No.
Contents
9.3.
9.2.3.
By Animal Type
9.2.4.
By Country (United States, Canada, Mexico)
Page No.
North America: Country Analysis 9.3.1.
United States Animal Pharmaceuticals Market Outlook 9.3.1.1.
Market Size & Forecast 9.3.1.1.1.
9.3.1.2.
9.3.2.
Market Share & Forecast 9.3.1.2.1.
By Product Type
9.3.1.2.2.
By Product
9.3.1.2.3.
By Animal Type
Canada Animal Pharmaceuticals Market Outlook 9.3.2.1.
Market Size & Forecast 9.3.2.1.1.
9.3.2.2.
9.3.3.
By Value & Volume
By Value & Volume
Market Share & Forecast 9.3.2.2.1.
By Product Type
9.3.2.2.2.
By Product
9.3.2.2.3.
By Animal Type
Mexico Animal Pharmaceuticals Market Outlook 9.3.3.1.
Market Size & Forecast 9.3.3.1.1.
9.3.3.2.
By Value & Volume
Market Share & Forecast
9
Table of Contents S. No.
Contents 9.3.3.2.1.
10.
Page No.
By Animal Type
South America Animal Pharmaceuticals Market Outlook 10.1.
Market Size & Forecast 10.1.1.
10.2.
10.3.
By Value & Volume
Market Share & Forecast 10.2.1.
By Product Type
10.2.2.
By Product
10.2.3.
By Animal Type
10.2.4.
By Country (Brazil, Argentina, Colombia)
South America: Country Analysis 10.3.1.
Brazil Animal Pharmaceuticals Market Outlook 10.3.1.1.
Market Size & Forecast 10.3.1.1.1
10.3.1.2.
10.3.2.
By Value & Volume
Market Share & Forecast 10.3.1.2.1.
By Product Type
10.3.1.2.2.
By Product
10.3.1.2.3.
By Animal Type
Argentina Animal Pharmaceuticals Market Outlook
10
Table of Contents S. No.
Contents 10.3.2.1.
Market Size & Forecast 10.3.2.1.1
10.3.2.2.
10.3.3.
By Value & Volume
Market Share & Forecast 10.3.2.2.1.
By Product Type
10.3.2.2.2.
By Product
10.3.2.2.3.
By Animal Type
Colombia Animal Pharmaceuticals Market Outlook 10.3.3.1.
Market Size & Forecast 10.3.3.1.1
10.3.3.2.
11.
Page No.
By Value & Volume
Market Share & Forecast 10.3.3.2.1.
By Product Type
10.3.3.2.2.
By Product
10.3.2.2.3.
By Animal Type
Middle East & Africa Animal Pharmaceuticals Market Outlook 11.1.
Market Size & Forecast 11.1.1.
11.2.
By Value & Volume
Market Share & Forecast 11.2.1.
By Product Type
11.2.2.
By Product
11.2.3.
By Animal Type
11.2.4.
By Country (UAE, Saudi Arabia, Qatar, South Africa)
11
Table of Contents S. No.
Contents 11.3.
Page No.
Middle East & Africa : Country Analysis 11.3.1.
UAE Animal Pharmaceuticals Market Outlook 11.3.1.1.
Market Size & Forecast 11.3.1.1.1.
11.3.1.2.
11.3.2.
Market Share & Forecast
11.3.1.2.1.
By Product Type
11.3.1.2.2.
By Product
11.3.1.2.3.
By Animal Type
Saudi Arabia Animal Pharmaceuticals Market Outlook 11.3.2.1.
Market Size & Forecast 11.3.2.1.1.
11.3.2.2.
11.3.3.
By Value & Volume
By Value & Volume
Market Share & Forecast 11.3.2.2.1.
By Product Type
11.3.2.2.2.
By Product
11.3.2.2.3.
By Animal Type
Qatar Animal Pharmaceuticals Market Outlook 11.3.3.1.
Market Size & Forecast 11.3.3.1.1.
11.3.3.2.
By Value & Volume
Market Share & Forecast 11.3.3.2.1.
By Product Type
11.3.3.2.2.
By Product
11.3.3.2.3.
By Animal Type
12
Table of Contents S. No.
Contents 11.3.4.
South Africa Animal Pharmaceuticals Market Outlook 11.3.4.1.
Market Size & Forecast 11.3.4.1.1
11.3.4.2.
12.
Page No.
By Value & Volume
Market Size & Forecast 11.3.4.2.1.
By Product Type
11.3.4.2.1.
By Product
11.3.4.2.2.
By Animal Type
Market Dynamics 12.1.
Drivers
12.2.
Challenges
13.
Market Trends & Developments
14.
Pricing Analysis
15.
Patent / FDA Approval Analysis
16.
Competitive Landscape 16.1.
Company Profiles (Top 20 Global Players)
17.
Strategic Recommendations
18.
About Us & Disclaimer
13
RESEARCH METHODOLOGY
Research Methodology
Market Profiling
In-depth secondary research was conducted to determine top players in the global animal pharmaceuticals market, overall market size and segmental market size.
Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
Developing List of Respondents
Data Collection
Data Validation
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
TechSci conducted interviews with industry experts and industry players for data collection and verification.
List of industry players and industry specialists was developed.
Primary Research
Data Collection
Data Filter & Analysis
Research & Intelligence
Actionable Insights
Business Solution
LinkedIn TechSci Internal Database
✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion
✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews
Primary Research ✓ ✓
Desk Research
Secondary Research ✓ ✓ ✓ ✓ ✓ ✓ ✓
Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.
Data Analysis
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global animal pharmaceuticals market.
Company Analysis ✓ Market Participants ✓ Key Strengths
Paid Sources
✓ ✓
Factiva Hoovers
15
Research Methodology Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global animal pharmaceuticals market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as the increasing pet adoption and rise in fatal diseases like ebola and swine flu. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global animal pharmaceuticals market.
Methodology Followed for Calculation of Market Size:
•
Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as animal pharmaceuticals companies, channel partners, market influencers & end users, industry experts, and other industry participants.
•
The team interviewed more than 15 – 20 animal pharmaceuticals companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders in the global animal pharmaceuticals market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 20152019.
16
Research Methodology •
Respondents were asked about the current and future market growth rates, market shares by product type, by product, by animal type, by registration, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares: •
Market by product type, by product, by animal type, by registration, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of animal pharmaceuticals markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting: •
TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
•
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global animal pharmaceuticals market, TechSci Research used various forecast techniques such as: ✓
Moving Average
✓
Time Series Analysis s
✓
Regression Analysis
✓
Econometric and Judgmental Analysis
17
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed
Key Secondary Sources
▪ Zoetis Inc
▪ World Bank
▪ Merck Animal Health
▪ TechSci Research Proprietary Database & Knowledge
▪ Vetoquinol SA
Repository
▪ Virbac SA
▪ Company Annual Reports
▪ Boehringer Ingelheim International GmbH
▪ Industry Magazines
▪ Eli Lilly & Co
▪ Industry Reports
▪ Perrigo Co PLC
▪ News Dailies
▪ Sanofi SA
▪ Credible Paid Databases
▪ Bayer AG ▪ Elanco Animal Health Inc ▪ Ceva Sante Animale S.A. ▪ Covetrus Inc. ▪ Idexx Laboratories Inc. ▪ Vetoquinol USA, Inc. ▪ Norbrook Laboratories, Ltd. ▪ Huvepharma EOOD ▪ Adivo GmbH ▪ Ceva Sant Animale
▪ Phibro Animal Health Corp.
18
INDUSTRY BRIEF According to TechSci Research report, “Global Animal Pharmaceuticals Market By Product Type, By Product, By Animal Type, By Registration, By Region, Forecast & Opportunities, 2025”, global animal pharmaceuticals market is expected to grow at a steady CAGR during the forecast period on account of the prevailing trend of pet adoption, which brings along the responsibility of taking care of the pet’s health. Another major factor is increasing diseases in animals, whose products like, milk and meat are consumed by the human population. If these animals are not taken care of, diseases like swine flu are likely to enter the food chain and spread all over world. The indispensability of animal pharmaceuticals is crystal clear as they find their applications in diagnosis, treatment and curing veterinary diseases. Additionally, rising awareness about various veterinary disorders, besides increasing investments made by the governments and pharma companies in animal pharmaceuticals are driving the animal pharmaceuticals market, globally. However, certain rules made by government regarding issues like animal testing and approval of new drugs & chemicals limit the potential growth of the market. Increasing number e-commerce platforms have led to the trend of online business which bring along the risks of the transfer of counterfeit medicines via illegal distribution channels, thus hampering growth of the market. The animal pharmaceuticals market is segmented by product type, product, animal type, registration and region. In terms of product type, market can be segmented into vaccine, veterinary and others, out of which vaccines are likely to have a good growth due to the demand for long-term planning for pet’s health. In terms of product, market can be segmented into ectoparasiticides, endoparasiticides, anti-inflammatories and bronchodilators out of which, ectoparasiticides held the largest market share in 2019 due to the increase in the ectoparasite-ridden animals. The animal type segment is further bifurcated into companion and production animals, where companion animals hold the larger share as the governments have now started encouraging pet owners to take care of their pets, thus, in turn propelling the market for companion animals’ pharmaceuticals. Major players in global animal pharmaceuticals market include Zoetis Inc, Merck Animal Health, Vetoquinol SA, Zoetis Inc, Virbac SA, Boehringer Ingelheim International GmbH, Eli Lilly & Co, Perrigo Co PLC, Sanofi SA, Bayer AG, Elanco Animal Health Inc, Ceva Sante Animale S.A., Covetrus Inc., Idexx Laboratories Inc., Vetoquinol USA, Inc., Norbrook Laboratories, Ltd., Huvepharma EOOD, Adivo GmbH, Ceva Sant Animale, Phibro Animal Health Corp, etc. In order to expand their market share, the companies adopt various strategies like new service launches, collaborations, introduction of more schemes and many more. As of April 2019, Bayer AG, a German pharmaceutical and life sciences company, joined hands with a biotech company, Adiv GmbH, for the development of anti-bodies for animal pharmaceuticals. Also, in June 2018, Merck & Co.’s subsidiary of animal health merged with a division of Viscon Hatchery Automation, Vinovo B.V., for the provision of more efficient ovo vaccination for birds and poultry. “Asia-Pacific is expected to have the highest growth rate in the upcoming years due to the increasing diseases from animals like swine flu and Ebola, which have also escalated the human death rate across the globe. Additionally, increasing consumption of dairy products and growing exports of animals to other countries are stressing on the need of maintaining the health of the animals, which is anticipated to drive animal pharmaceuticals market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
19
SAMPLE DATA - SNAPSHOT Global Animal Pharmaceuticals Market Size, By Value (USD Million) & By Volume (Million), 2015-2025F
5.00 10.00 2015
6.00 20.00
7.00 30.00
8.00 40.00
CAGR By Value & Volume
XX%
10.00
9.00 50.00
2019
60.00
2020E
11.00 70.00
14.00
13.00
12.00
100.00
90.00
80.00
CAGR By Value & Volume
YY%
By Value (USD Million) By Volume (Millions)
15.00 110.00
2025F
North America Animal Pharmaceuticals Market Share, By Product Type, By Value, 2015–2025F Vaccine 2025F 2024F
2023F 2022F 2021F 2020E 2019 2018 2017 2016 2015
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
Veterinary
Others
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34%
United States Animal Pharmaceuticals Market Share, By Animal Type, By Value, 2015–2025F Companion Animals 2025F 2024F 2023F 2022F 2021F 2020E 2019 2018 2017 2016 2015
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
Production Animals
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
20
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.