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... 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 and to 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