Industry Analysis & Industry Trends
Animal instincts
The industry will remain tied to expenditure on research and development over the next five years, as firms make advances in genetically engineered animals. Though these new technologies require government approval, advances in transgenic animals and cloning will increasingly drive demand. IBISWorld anticipates that favorable legislation will support strong revenue growth over the five years to 2016.... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of animal health biotechnology firms displays a mix of metropolitan areas where technological research and pharmaceutical firms are located, combined with the dominant regions for livestock farming. In particular, the most important industry regions are the West with roughly 24.7% of total industry establishments, the Mid-Atlantic (21.7%), the Southeast (14.7%) and New England (13.1%). These regions are major business, educational, technological and research hubs. Through California, the West is prominent within all these sectors and is also a dominant state in agriculture and livestock farming. The top 10 states (in order) for industry firms are California, Massachusetts, Maryland, New Jersey, North Carolina, New York, Pennsylvania, Texas, Wisconsin and Washington... purchase to read more