Researchmoz.us announces that a new market research report is available in its catalogue: Global Animal Health Care Market Outlook to 2016 - Growth Opportunity in the Emerging Asia Market, Trends, Share, Size Research Report
The global animal health care market is concentrated amongst the five major producers of animal health care products of which Pfizer holds the major share of around ~% followed by Merck with ~%, Sanofi with ~%, Eli Lilly with ~% and Bayer with ~% market share in 2011. The industry has witnessed an incline of ~% in 2011 on account of increase in animal population and rise in the awareness related to zoonotic diseases such as Q fever, Anthrax and others. The economic slowdown in 2009 has led to a slump in the global animal health care industry by ~% but the industry recovered in 2010, as the economies across the globe stabilized. The animal health care market is dominated by Pfizer with a contribution of ~% and revenue of USD ~ million in 2011.
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Over the coming years, the animal health care industry revenue is projected to rise at a 5 year CAGR of ~%. The constant increase in the middle class population, improved medical infrastructure services in Asia region and the rise in zoonotic diseases is expected to register a growth in industry revenue.
Asia Pacific
The animal health care market in Asia Pacific region has grown remarkably over the past few years due to the growth in the emerging markets such as China, India, Indonesia, Thailand, Malaysia and Taiwan. In addition, the changing lifestyles of the people in Asia-Pacific region also fueled the growth of the animal health care market. The veterinary health care market in Asia Pacific has grown at a CAGR of 11.5% from USD ~ million in 2006 to USD ~ million in 2011.
China animal health care industry has evolved remarkably in the recent years. In 2011, the country had witnessed a growth of ~% with revenue of USD ~ million in 2011 in comparison to USD ~ million in 2010. The growth has been influenced by an improved medical infrastructure in the country subsequently due to the rise in the personal disposable income and the surge in the awareness amongst the pet and livestock owners related to zoonotic disease along with an increase in domestic livestock production and rising concerns over animal diseases such as foot-and-mouth disease, avian influenza, blue ear disease and mad cow disease
Europe
Europe animal health care industry is the second largest market in the world with the share of ~% in the global market in 2011. The animal health care market in Europe has experienced several ups and downs over the past few years due to a considerable decline in the cattle and swine population in the European countries. The number of cattle and swine has decreased by ~% and ~% respectively from 2009-2011. In addition, the economic crisis in the global market in 2009 has created financial problem for the animal pharmaceutical manufacturers which has affected the prices of active pharmaceutical ingredients in the European market.
The animal healthcare market in France is the predominant market in Europe with the largest pet population of ~ million and market share of ~% in total revenue generated by the industry in Europe. More than 1 out of 2 households has a dog or a cat or a fish. The market in 2011 has recorded revenue of USD ~ million which is approximately ~% more than the revenue in 2010. The growth of the market in 2011 can be attributed to the recuperating demand for vaccines and pharmaceuticals.
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