Animal health market includes pharmaceuticals, vaccines and medicinal feed additives. Pharmaceuticals contribute significantly to the health and well-being of food-producing and companion animals. Food producing animals are the species that provide animal protein including cattle (both beef and dairy), swine, poultry, sheep a
nd fish, whereas companion animals are the animals that are kept by people for companionship, protection and enjoyment such as dogs, cats, and horses among others.
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Economic development and the corresponding increases in the disposable income, particularly in the emerging markets of India, China, Indonesia, Thailand, Malaysia, and Taiwan; increasing pet ownership; rising demand for improved nutrition, mainly animal protein; intensifying consumer focus on food safety and the escalating need for greater livestock production efficiency are among the major factors driving the animal health market. The market is projected to further grow in years to come and become more specialized due to economic, social and demographic trends.
global animal health market is consolidated with top eight players controlling by far the majority share of the market. Zoetis, Merck, and Merial are the leading players in the animal health market. Other key players in the market include Elanco, Bayer, Boehringer, Novartis and Virbac.
The report discusses market segments, major growth drivers and also analyzes some of the major regional markets, including the US, the UK, and China. The report also provides competitive landscape and profiles of major players, along with their business strategies.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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Table of Content
1. Market Overview
1.1 Introduction
1.2 Animal Health Products
1.2.1 Types of Animal Health Products
1.2.2 Value Chain Analysis
1.2.3 Animal Medicines vs. Human Medicines
2. Animal Health - Market Size
Global Market Value
Global Market Growth
2.1 Market Segmentation by Species
Food Producing Animals
Companion Animals
2.2 Market Segmentation by Product Group
2.3 Market Segmentation by Geography
2.3.1 The US
Market Value
Market Segmentation
Pet Ownership
Pet Industry Expenditures
2.3.2 The UK
Market Value
Market Segmentation
Pet Ownership
2.3.3 China
Market Value
Market Segmentation
3. Market Dynamics
3.1 Growth Drivers
3.1.1 Increased Demand for Animal Protein and Other Animal Products
3.1.2 Rise in Aging Demographics
3.1.3 Economic Growth
3.1.4 Increasing Incidence of Zoonotic and Foodborne Diseases
3.2 Significant Developments
3.2.1 Nexgard for Treatment and Prevention of Fleas and Ticks in Dogs
3.2.2 Vetsulin to Treat Diabetes Mellitus in Dogs and Cats
3.2.3 SBVvax Vaccine to Prevent Viremia against Schmallenberg Virus
3.3 Challenges
3.3.1 Human Health Issues
3.3.2 Regulatory Risk
3.3.3 High Cost of Product Development
4. Competitive Landscape
Competitive Overview
Market Share
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5. Company Profiles
5.1 Zoetis Inc.
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
Extend Product Portfolio
Penetrate in Emerging Markets
5.2 Merck
5.2.1 Business overview
5.2.2 Financial Overview
5.2.3 Business Strategies
R&D to Foster Future Growth
Address Market Specific Disease Needs
5.3 Merial
5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
Strategic Acquisitions & Alliances
Innovation through R&D
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