Industry Analysis & Industry Trends
The Veterinary Pharmaceutical Manufacturing industry is a relatively small segment of the general Australian pharmaceutical sector. The industry is involved in the development and manufacture of 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). In 2011-12, the industry accounted for just 4.4% of the overall pharmaceutical industry.
Over the five years through 2013-14, the performance of the industry was highly volatile as it contended with a number of external shocks... purchase to read more
Industry Report - Starting a New Business Chapter
Similar to the human health pharmaceutical industry, the Veterinary Pharmaceutical Manufacturing industry is becoming increasingly globalised, with three of the four major players being subsidiaries of multinational operators. These companies hold significant market share on both a global and local basis. This in turn can represent a significant entry barrier as these companies possess the necessary resources to support and promote their products throughout their entire life cycle as well as undertake the necessary research and development to ensure the continuous introduction of new and replacement products.
Regulatory barriers are also significant reflecting the industry's stringent operating backdrop... purchase to read more