Overview

Pampered: Pet humanisation trends are boosting industry revenue growth

IBISWorld’s Veterinary Pharmaceutical Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry is facing increasingly stringent regulatory controls and higher compliance costs
  • Pet humanisation trends have increased consumer spending on pet health products
  • Pharmaceutical companies are expected to continue divesting their animal health operations

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    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. The industry 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 5.5% of the pharmaceutical sector.

    As with other life science-related areas, the industry is facing increasingly stringent regulatory controls and associated higher compliance costs...

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    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. For example, in the food-producing market, seasonal weather conditions strongly influence herd sizes. Over 2016-17, cattle farmers are expected to restock and rebuild herds in response to anticipated improved seasonal conditions, which are likely to increase calf survival rates. Thi..

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    Additional Insights for the Veterinary Pharmaceutical Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Veterinary Pharmaceutical Manufacturing Industry are

  • Economies of scale
  • Establishment of brand names
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Demand from dairy cattle farming and Number of veterinarians in the Veterinary Pharmaceutical Manufacturing industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Veterinary Pharmaceutical Manufacturing Industry?

    The industry manufactures drugs, medicines, medicinal chemicals, vaccines, serums and other pharmaceutical products for veterinary use. These animal health products are targeted towards food-producing animals (cattle, pigs, poultry and sheep) and companion animals (dogs and cats).

    Industry Products
    Parasiticides
    Other products
    Antibiotics and related products
    Immunotherapy products and vaccines
    Nutrition and metabolism products
    Dermatological preparations
    Musculosketal system products
    Industry Activities
    Parasiticides
    Immunotherapy product including vaccines
    Nutritional and metabolism product
    Antibiotics
    Other animal healthcare product

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from dairy cattle farming
  • Number of veterinarians
  • Real household discretionary income
  • Demand from beef cattle farming
  • Demand from sheep farming

  • Current Performance
  • Industry consolidation
  • Humanisation of pets
  • International profile
  • Changing regulatory backdrop
  • Chart: Revenue Growth

  • Industry Outlook
  • Challenges
  • Table: Veterinary Pharmaceutical Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Veterinary Pharmaceutical Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Pet Breeding and Other Livestock Farming
  • Livestock and Other Agricultural Supplies Wholesaling
  • Veterinary Services
  • Pharmaceuticals Wholesaling

  • Key Selling Industries
  • Packaging Services
  • Pharmaceutical Product Manufacturing

  • Products & Services
  • Parasiticides
  • Immunotherapy products and vaccines
  • Nutrition and metabolism products
  • Other products
  • Antibiotics and related products
  • Dermatological preparations
  • Musculosketal system products
  • Chart: Veterinary Pharmaceutical Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Animal health wholesalers
  • Veterinarians
  • Export markets
  • Chart: Major Market Segmentation for the Veterinary Pharmaceutical Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Veterinary Pharmaceutical Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Veterinary Pharmaceutical Manufacturing Industry

  • Industry Globalization
    Major Companies
    Zoetis Australia Pty LtdVirbac (Australia) Pty LimitedIntervet Australia Pty LtdJurox Pty Ltd
  • Table: Zoetis Australia Pty Ltd - financial performance
  • Table: Virbac (Australia) Pty Limited - financial performance
  • Table: Intervet Australia Pty Ltd - financial performance
  • Table: Jurox Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Veterinary Pharmaceutical Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Veterinary Pharmaceutical Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Agvet Chemicals
  • Stands for agricultural and veterinary chemicals.
  • Companion Animal
  • Household pets, including dogs, cats, birds and reptiles.
  • Food Producing Industries
  • Agricultural industries in Australia, including livestock, crop and intensive-farming operations.
  • Zoonotic Diseases
  • Roughly three quarters of human diseases are zoonotic in origin meaning they can be naturally transmitted between animals and humans. There are over 200 identified zoonotic diseases.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Veterinary Pharmaceutical Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Veterinary Pharmaceutical Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Veterinary Pharmaceutical Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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