Global Markets for Animal Therapeutics and Diagnostics

The global animal therapeutics and diagnostics market should grow from $49.9 billion in 2019 to $66.5 billion by 2024 with a compound annual growth rate (CAGR) of 5.9% for the period of 2019-2024.

Report Includes

• 64 data tables and 109 additional tables
• Brief overview of the global market for animal therapeutics and diagnostics within the industry
• Analyses of the global market trends, with data from 2018 to 2019, and projections of compound annual growth rates (CAGRs) through 2024
• Assessment of factors driving the industry's growth, current trends, market opportunities and restraints, and technological advancements that will shape and influence the future marketplace
• Evaluation of the market size corresponding to total production of animal healthcare products, vaccines, feed additives, therapeutic and diagnostic drugs; their growth forecasts and industry trends
• Market share analysis of the leading animal vaccines and therapeutic drug suppliers; their key Competitive landscape, market positioning, revenue sales, and product segments
• Patent study and analysis covering significant allotments of the U.S. patents granted on animal health products
• Discussion on the role of major vaccine providers and companion animal products approved for a wide variety of indications, including adenovirus type 2, coronavirus, parainfluenza, parvovirus, melanoma (therapeutic vaccine), West Nile virus, and canine respiratory disease etc.
• Detailed company profiles of the market leading participants. Major players included BASF Animal Nutrition, Bayer Animal Health GmbH, DSM Nutritional Products Ltd., Evonik Industries AG, Merck Animal Health and Mosaic Co.

The global market for animal therapeutics and diagnostics totaled nearly $40.1 billion in 2016 and should total $47.9 billion in 2021, registering a compound annual growth rate (CAGR) of 3.6% for the period 2016-2021.

Report Includes

• An overview of the global markets for animal therapeutics and diagnostics
• Analyses of global market trends, with data from 2015 and 2016, and projections of compound annual growth rates (CAGRs) through 2021
• Details about products currently in the market
• Analysis of the competitive environment
• A look at keys to market success including identifying the next growth segment, developing the right product candidates, and being the first to market
• Analysis of the market's dynamics, specifically growth drivers, inhibitors, and opportunities
• Profiles of major players in the industry

The global market for animal therapeutics and diagnostics totaled $37.8 billion in 2014 and is expected to reach about $46.5 billion in 2019, registering a compound annual growth rate (CAGR) of 4.2% for the period 2014-2019.

Report Includes

• An overview of the global markets for animal therapeutics and diagnostics.
• Analyses of global market trends, with data from 2012 and 2013, estimates for 2014, and projections of CAGRs through 2019.
• Details about products currently in the market.
• Analysis of the competitive environment.
• A look at keys to market success including identifying the next growth segment, developing the right product candidates, and being the first to market.
• Analysis of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.

The total market for animal therapeutics and diagnostics was $30 billion in 2011, up from $25 billion in 2008. By 2016, this market is likely to exceed $42 billion, with a five-year compound annual growth rate (CAGR) of 7.2% from 2011 through 2016.

• The global market for animal therapeutics and diagnostics is expected to be worth $24.1 billion in 2008, up from $22.3 billion in 2007. This should increase to $33.0 billion in 2013, a compound annual growth rate (CAGR) of 6.5%.
• The animal therapeutics segment dominates the market, generating $21.8 billion in 2007 and an estimated $23.6 billion in 2008 and $32.4 billion in 2012, a CAGR of 6.6%.
• Diagnostics for animals were worth $474 million in 2007. This should increase to $498 million in 2008 and $624 million in 2013, for a CAGR of 4.6%.

• The total worldwide market for animal therapeutics and diagnostics was estimated at more than $15.6 billion in 2003 and by 2008 is likely to reach $19.6 billion, at an average annual growth rate (AAGR) of 4.7%.
• Animal therapeutics, e.g., vaccines, pharmaceuticals, and feed additives, are valued at $15.1 billion, and rising at an AAGR of 4.7%.
• Pharmaceuticals account for the largest percentage of revenues at nearly 54%.
• Feed additives are the second largest market segment due to demand from the food animal producer segment.
• Diagnostic products account for a smaller portion of the market