Asia Pacific Animal Health Market to Grow at a CAGR of 6.9% to reach US$ 27,884.0 Million from 2020 to 2027

Asia Pacific Animal Health Market to 2027 - Regional Analysis and Forecasts by Product (Prescription, and Non-Prescription); Animal Type (Production Animal, Companion Animal); and Country

Publication Month: Aug 2020 | Report Code: TIPRE00013026 | No. of Pages: 143 | Category: Pharmaceuticals | Status: Published
Covid

Asia Pacific, the animal health market, is anticipated to reach US$ 27,884.0 Mn in 2027 from US$ 16,425.4 Mn in 2019. The market is projected to grow with a CAGR of 6.9% from 2020-2027.

The animal health market is growing primarily due to therise in demand for proteinaceous food. Restraining factor such as high complexity and cost of animal drug development and approval processes, is likely to damage the growth of the market in the coming years. On the other hand, growing R&D activities is expected to have a positive impact on the growth of the Asia Pacificanimal health market in the coming years.

 

Over the last two decades, the costs and time of developing an animal health product have both increased by >100% and six years, respectively. According to the Animal Health Institute’s Research and Development Survey, animal health companies spent $ 663 million in 2006 in the R&D pertaining to new potential products as well as in the research for maintaining the long life of offered products. This constitutes a 7% increase over the spending reported in 2005. Innovative research accounts for 86% of total R&D spending, while the remaining 14% was occupied by the research required to ensure prolonged performance of existing products.

Investments by the significant players are further likely to augment the market growth. For instance, Zoetis is focused on continuous innovation to develop animal health solutions meeting the needs of buyers. R&D is at the center of the company’s efforts to provide innovation outcomes that anticipate the future needs of veterinarians and livestock producers in their local markets around the world. On January 30, 2020, Zoetis and Colorado State University signed an agreement to establish the Zoetis Incubator Research Lab and begin a research collaboration focused on exploring the livestock immune system to target new immunotherapies. Further, Merck Animal Health, a leading animal health company, is focused on exploring better adjuvants to boost vaccine effectiveness by leveraging advanced technologies in the field of immunogenomics and bioinformatics. Hence, the continuous R&D for coming up with new veterinary products is likely to offer lucrative opportunities to the corresponding market players during the forecast period.

 

In 2019, the China accounted for the largest market share in Asia Pacificanimal health market, and it is also expected to grow at a faster pace over the forecast period. Growth in the Chinese animal health market can be attributed towards the increasing consumption of animal-derived food products, growing livestock population, growing awareness about animal health and zoonotic diseases, and rising frequency of animal disease outbreaks in China. Moreover, the Chinese government has adopted new strategies and has taken actions to deal with the challenges of these diseases, including the establishment of disease reporting systems,issuing of laws and regulations, implementation of special projects for main infectious diseases, foreign disease surveillance, and health education. Hence, considering the mentioned factors, the animal health market is expected to grow at a significant pace in Chinaduring the forecast period.

 

Rest of Asia PacificAnimal Health Market Revenue and Forecasts to 2027 (US$ Mn)

 

Rest of Asia PacificAnimal Health Market Revenue and Forecasts to 2027 (US$ Mn)

Get more information on this report :

 

ASIA PACIFICANIMAL HEALTH – MARKET SEGMENTATION

 

By Product

  • Prescription
    • Feed additives
    • Pharmaceutical
    • Vaccines
    • Diagnostics
  • Non-prescription
    • Nutrition/Supplements
    • Grooming Products
    • Parasiticides

 

By Animal Type

  • Production Animal
  • Companion Animal

 

By Geography

  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea

Company Profiles

  • Virbac
  • Elanco
  • Merck & Co., Inc.
  • Boehringer Ingelheim International GmbH
  • Ceva Santé Animale

 

TABLE OF CONTENTS

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Asia Pacific Animal Health Market – By Product

1.3.2        Asia Pacific Animal Health Market – By Animal Type

1.3.3        Asia Pacific Animal Health Market – By Country

2.           Asia Pacific Animal Health Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Asia Pacific Animal Health Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        Asia Pacific Animal Health Market - Asia Pacific PEST Analysis

4.3         Expert Opinion

5.           Asia Pacific Animal Health Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Rise in Demand for Proteinaceous Food

5.2         Key Restraints

5.2.1        High Complexity and Cost of Animal Drug Development and Approval Processes

5.3         Key Market Opportunities

5.3.1        Growing R&D Activities

5.4         Future Trend

5.4.1        Public Private Partnership for Animal Health Regulation

5.5         Impact Analysis

6.           Animal Health Market – Asia Pacific Analysis

6.1         Asia Pacific Animal Health Market Revenue Forecasts and Analysis

7.           Animal Health Market Analysis – By Product

7.1         Overview

7.2         Animal Health Market Share, by Product, 2019 and 2027 (%)

7.3         Prescription

7.3.1        Overview

7.3.2        Prescription: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.3.3        Feed Additives

7.3.3.1          Overview

7.3.3.2          Feed Additives: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.3.4        Pharmaceutical

7.3.4.1          Overview

7.3.4.2          Pharmaceutical: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.3.5        Vaccines

7.3.5.1          Overview

7.3.5.2          Vaccines: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.3.6        Diagnostics

7.3.6.1          Overview

7.3.6.2          Diagnostics: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.4         Non-Prescription

7.4.1        Overview

7.4.2        Non-prescription: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.4.3        Nutrition Supplements

7.4.3.1          Overview

7.4.3.2          Nutrition Supplements: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.4.4        Parasiticides

7.4.4.1          Overview

7.4.4.2          Parasiticides: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.4.5        Grooming Products

7.4.5.1          Overview

7.4.5.2          Grooming Products: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

8.           Animal Health Market Analysis – By Animal Type

8.1         Overview

8.2         Animal Health Market Share, by Animal Type, 2019 and 2027 (%)

8.3         Production Animal

8.3.1        Overview

8.3.2        Production Animal: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

8.4         Companion Animal

8.4.1        Overview

8.4.2        Companion Animal: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

9.           Animal Health Market Revenue and Forecasts To 2027 – Geographical Analysis

9.1         Asia Pacific Animal Health Market Revenue and Forecasts To 2027

9.1.1        Overview

9.1.2        Asia Pacific: Animal Health Market - Revenue and Forecast to 2027 (USD Million)

9.1.3        Asia Pacific Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.3.1          Asia Pacific Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.3.2          Asia Pacific Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.4        Asia Pacific Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

9.1.5        Asia Pacific: Animal Health Market, by Country, 2019 & 2027 (%)

9.1.6        China: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.1          China: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.2          China Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.6.2.1          China Prescription, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.6.2.2          China Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.6.3          China Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

9.1.7        India: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.7.1          India: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.7.2          India Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.7.2.1          India Prescription, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.7.2.2          India Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.7.3          India Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

9.1.8        Japan: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.8.1          Japan: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.8.2          Japan Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.8.2.1          Japan Prescription, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.8.2.2          Japan Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.8.3          Japan Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

9.1.9        Australia: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.9.1          Australia: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.9.2          Australia Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.9.2.1          Australia Prescription, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.9.2.2          Australia Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.9.3          Australia Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

9.1.10     South Korea: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.10.1       South Korea: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.10.2       South Korea Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.10.2.1       South Korea Prescription, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.10.2.2       South Korea Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.10.3       South Korea Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

10.        Impact of COVID-19 Pandemic on Global Animal Health Market

10.1      Asia Pacific: Impact Assessment of COVID-19 Pandemic

11.        Company Profiles

11.1      Virbac

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Elanco

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Merck & Co., Inc.

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      Boehringer Ingelheim International GmbH

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Ceva Santé Animale

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Glossary of Terms

LIST OF TABLES

Table 1.             Asia Pacific Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 2.             Asia Pacific Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 3.             Asia Pacific Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 4.             Asia Pacific Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 5.             China Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 6.             China Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 7.             China Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 8.             China Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 9.             India Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 10.          India Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 11.          India Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 12.          India Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 13.          Japan Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 14.          Japan Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 15.          Japan Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 16.          Japan Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 17.          Australia Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 18.          Australia Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 19.          Australia Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 20.          Australia Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 21.          South Korea Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 22.          South Korea Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 23.          South Korea Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 24.          South Korea Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 25.          Glossary of Terms, Asia Pacific Animal Health Market

LIST OF FIGURES

Figure 1.           Animal Health Market Segmentation

Figure 2.           Asia Pacific Animal Health Market Overview

Figure 3.           Prescription Segment Held Largest Share of Product Segment in Animal Health Market

Figure 4.           China Is Expected to Show Remarkable Growth During the Forecast Period

Figure 5.           Asia Pacific Animal Health Market- Leading Country Markets (US$ Mn)

Figure 6.           Asia Pacific Animal Health Market - Asia Pacific PEST Analysis

Figure 7.           Animal Health Market Impact Analysis of Drivers and Restraints

Figure 8.           Asia Pacific Animal Health Market – Revenue Forecasts and Analysis – 2019- 2027

Figure 9.           Animal Health Market Share, by Product, 2019 and 2027 (%)

Figure 10.        Prescription: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Feed Additives: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 12.        Pharmaceutical: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Vaccines: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Diagnostics: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Non-prescription: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Nutrition Supplements: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Parasiticides: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Grooming Products: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Animal Health Market Share, by Animal Type, 2019 and 2027 (%)

Figure 20.        Production Animal: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Companion Animal: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Asia Pacific: Animal Health Market, by Key Country – Revenue (2019) (USD Million)

Figure 23.        Asia Pacific Animal Health Market Revenue and Forecast to 2027 (USD Million)

Figure 24.        Asia Pacific: Animal Health Market, by Country, 2019 & 2027 (%)

Figure 25.        China: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

Figure 26.        India: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

Figure 27.        Japan: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

Figure 28.        Australia: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

Figure 29.        South Korea: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

Figure 30.          Impact of COVID-19 Pandemic in Asia Pacific Country Markets
  1. Virbac
  2. Elanco
  3. Merck & Co., Inc.
  4. Boehringer Ingelheim International GmbH
  5. Ceva Santé Animale
  • To understand the animal health market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for animal health market
  • Efficiently plan M&A and partnership deals in animal health market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form animal health market
  • Obtain market revenue forecast for market by various segments from 2018-2027 in Asia Pacific region.
TIPRE00013026
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