Overview

Animal instinct: An increase in research and development spending for new technologies will stimulate growth

IBISWorld’s industry research report on Animal Health Biotechnology can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Animal biotech companies are expected to focus on genetically engineering animals to produce nutrient-enhanced products
  • The rise in demand for products over the period has allowed companies to increase the price of their products
  • Increasing per capita disposable income will encourage more owners to purchase medicine

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    Industry Analysis & Industry Trends

    The Animal Health Biotechnology industry has experienced strong growth during the past five years. Industry growth is largely fueled by R&D expenditure, which has increased during the past five years. Moreover, economic conditions have improved in many of the industry's downstream foreign markets, such as the European Union. In the coming years, industry growth will be positively impacted by recent Food and Drug Administration announcements regarding food safety and cloning. Furthermore, public and private R&D expenditure is expected to increase...

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    Industry Report - Starting a New Business Chapter

    Barriers to entry into the Animal Health Biotechnology industry are medium and increasing. Strong intellectual property (IP) assets are vital for success in the industry, raising barriers to entry. Another major hurdle that new companies must deal with is strict government regulation. US regulations require lengthy and costly clinical trials of new drugs or farming methods before attaining USDA or FDA approval. Consequently, companies often undergo long periods of research and development before they ever begin generating revenue from a product. Due to the high regulation requirements for the industry, new entrants often have long start-up periods with high costs and little to no profit. To ..

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    Additional Insights for the Animal Health Biotechnology Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Animal Health Biotechnology Industry are

  • Ability to raise financing
  • Ability to educate the wider community
  • Concentration on core business
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Demand from livestock production support services in the Animal Health Biotechnology industry impact industry performance..

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    Industry Products

    What is the Animal Health Biotechnology Industry?

    The Animal Health Biotechnology industry researches, develops, tests and distributes therapeutic drugs, diagnostic tools and preventive products for livestock and companion animals. Drugs that are not developed using biological materials or processes are not included in this industry. In addition, companies provide tools that aim to improve farm animal breeding programs.

    Industry Products
    Vaccines
    Other drugs
    Diagnostic tests
    Reproductive and genetic products
    Industry Activities
    Developing animal vaccines
    Researching and testing animal medicine
    Developing preventative care medicine
    Developing topical parasiticide
    Propagating livestock breeding
    Ensuring food safety through drug safety
    Researching and developing animal cloning techniques

    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
  • Research and development expenditure
  • Demand from livestock production support services
  • Number of pets (cats and dogs)
  • Trade-weighted index
  • Per capita dairy consumption
  • Per capita meat consumption

  • Current Performance
  • Industry landscape
  • Profit growth encourages expansion
  • Trade threatens industry
  • Phase out of antibiotics provides new products
  • Chart: Revenue Growth

  • Industry Outlook
  • Increasing number of pets drives growth
  • Competition on the rise
  • Trade continues to threaten industry
  • Table: Animal Health Biotechnology Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Animal Health Biotechnology Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Beef Cattle Production
  • Dairy Farms
  • Hog & Pig Farming
  • Chicken Egg Production
  • Sheep Farming
  • Fish & Seafood Aquaculture
  • Livestock Production Support Services
  • Pet Stores
  • Veterinary Services
  • Consumers

  • Key Selling Industries
  • Glass Product Manufacturing
  • Inorganic Chemical Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Organic Chemical Manufacturing
  • Scientific Research & Development

  • Products & Services
  • Other drugs
  • Vaccines
  • Diagnostic tests
  • Reproductive and genetic products
  • Chart: Animal Health Biotechnology Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic beef and dairy cattle farmers
  • Domestic veterinary hospitals
  • Exports
  • Domestic hog and pig farmers
  • Domestic poultry farmers
  • Domestic retailers and distributors
  • Domestic sheep, fish and other animal farmers
  • Chart: Major Market Segmentation for the Animal Health Biotechnology Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Animal Health Biotechnology

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Animal Health Biotechnology Industry

  • Industry Globalization
    Major Companies
    Zoetis Inc.Merck and Co. Inc.ElancoMerial Limited
  • Table: Zoetis Inc. - financial performance
  • Table: Merck and Co. Inc. - financial performance
  • Table: Elanco - financial performance
  • Table: Merial Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Animal Health Biotechnology 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 Animal Health Biotechnology Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total US R&D Expenditure (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Biopharmaceutical
  • A drug made from a biological component (such as a blood cell).
  • Bovine Spongiform Encephalopathy
  • Commonly known as mad cow disease, this condition is a neurodegenerative disease known to lead to death.
  • Cloning
  • Creating a genetic replica of an organism without sexual reproduction.
  • Companion Animal
  • A domestically kept animal or pet. The opposite of a livestock or farm animal.
  • Genetic Engineering
  • The technique of removing, modifying or adding genes to a DNA molecule.
  • Parasiticide
  • A substance used to kill parasites (such as fleas and ticks) from domestic and livestock animals.
  • Transgenic
  • Animals produced by introducing DNA from one species and inserting the DNA into another species to express that trait in the offspring.
  • 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 Animal Health Biotechnology:
    • 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 Animal Health Biotechnology 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 Animal Health Biotechnology, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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