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Animal Therapeutics and Diagnostics Market- Positive long-term growth outlook 2012 - 2018
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The global animal therapeutics and diagnostics market is segmented on the basis of products into pharmaceuticals, feed additives, biological products, and diagnostics. The pharmaceutical product segment accounted for the largest market share in 2011, followed by the feed additives segment. In terms of revenue generation, the North American animal therapeutics and diagnostics industry was the market leader in 2011, followed by the European one.
The market has a low barrier to entry owing to the fact that the products undergo relatively less complicated approval norms compared to human pharmaceutical products. Such a fact heightens the competitive rivalry factor for the market. Furthermore, the presence of a wide array of products keeps the bargaining power of buyers at a high level.
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Some of the market players in this industry are Abaxis Inc., AUV Veterinary Cooperative, BASF Animal Nutrition (BASF SE), Bayer Animal Health, Pfizer Animal Health, Sanofi, Elanco Animal Health, Evonik Industries Ag, Heska Corp., Mosaic Co. (The), Novartis Animal Health Inc., DSM Nutritional Products Ltd., IDEXX Laboratories Inc., Merck & Co. Inc., Virbac SA, Boehringer Ingelheim Corp., and Novus International Inc.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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