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 2012-13, the industry accounted for just 4.5% of the overall pharmaceutical sector.
Over the five years through 2014-15, the performance of the industry has been highly volatile, as it has contended with a number of external shocks... purchase to read more
Industry Report - Starting a New Business Chapter
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 can represent a significant entry barrier, as these companies possess the necessary resources to support and promote their products as well as undertake the necessary R&D to ensure the continuous introduction of new products.
Regulatory barriers are also substantial, reflecting the industry's stringent operating backdrop. Companies require accreditation from Australian Pesticides and Veterinary Medicine Association (APVMA)... purchase to read more