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 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 SWOT Analysis Chapter

Over the past five years, the industry has witnessed strong growth in revenue as drought conditions eased and demand for companion animal and livestock health products increased. Industry value added (IVA), a measurement of an industry’s contribution to the overall economy, is expected to grow by an annualised 4.2% over the 10 years through 2021-22. This is above forecast annualised GDP growth of 2.5% over the same period suggesting that the industry is outperforming the wider economy. It is also outperforming the wider pharmaceuticals sector with the industry currently posting considerably stronger growth rates relative to the Pharmaceutical Product Manufacturing industry.

Driving this growth has been new products targeted at both food-producing and companion animals. Sim..

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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 Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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