Industry Analysis & Industry Trends
The Veterinary Pharmaceutical Manufacturing industry is a small segment of the general Australian pharmaceutical sector. The industry develops and manufactures animal health products, including veterinary medicines, vaccines, and other biological and medicinal feed additives. As such, it is geared towards two main segments: food-producing animals (including cattle, pigs, poultry and sheep) and companion animals (including cats and dogs). The industry accounts for just over 5% of the pharmaceutical sector.
Over the five years through 2015-16, the industry has had a highly volatile performance due to various external shocks... purchase to read more
Industry Report - Industry Analysis Chapter
The Veterinary Pharmaceutical Manufacturing industry manufactures animal health products geared towards two major segments: companion animals and food-producing animals. This means that pet ownership trends and developments in the agricultural sector, particularly its cattle industries, tend to influence the industry’s performance. In turn, these agricultural industries are influenced by weather conditions and agricultural commodity prices.
Over the five years through 2015-16, industry growth has been volatile, affected by external shocks including extreme weather conditions and various diseases. In spite of this, IBISWorld expects that industry revenue will grow at an annualised 5.6% to reach $525.0 million... purchase to read more