Strong growth: Rising pet humanisation trends have supported industry revenue

The Veterinary Pharmaceutical Manufacturing industry represents a small segment of the general Australian pharmaceutical sector. The industry develops and manufactures animal health products, including veterinary medicines, vaccines and other biological and medicinal feed additives. The industry focuses on two main segments: food-producing animals (including cattle, pigs, poultry and sheep) and companion animals (including cats and dogs). The industry accounts for just under 7% of the pharmaceutical sector by revenue.As with other areas related to life science, industry firms have been facing increasingly stringent regulatory controls and associated higher compliance more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • The industry is facing increasingly stringent regulatory controls and higher compliance costs
  • Pet humanisation trends have contributed to increased consumer spending on pet health
  • Pharmaceutical companies are forecast to continue divesting their animal health operations
  • Industry Report - Starting a New Business Chapter

    The Veterinary Pharmaceutical Manufacturing industry is becoming increasingly globalised, with three of the four major players being subsidiaries of multinational operators. These companies hold significant market share on both a global and local basis. This can represent a significant entry barrier, as these companies possess the necessary resources to support and promote their products and to undertake the necessary R&D to ensure the continuous introduction of new products.Regulatory barriers are also substantial, reflecting the industry's stringent operating backdrop. Companies require accreditation from Australian Pesticides and Veterinary Medicine Association (APVMA). Add...purchase to read more.

    Additional Insights for the Veterinary Pharmaceutical Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Veterinary Pharmaceutical Manufacturing are:

  • Economies of scale
  • Establishment of brand names
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Demand from dairy cattle farming and Number of veterinarians in the Veterinary Pharmaceutical Manufacturing industry impact industry performance..

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    What's in this report

    What is the Veterinary Pharmaceutical Manufacturing Industry?

    Industry firms manufacture drugs, medicines, medicinal chemicals, vaccines, serums and other pharmaceutical products for veterinary use. These animal health products are targeted towards food-producing animals (cattle, pigs, poultry and sheep) and companion animals (primarily dogs and cats).

    Industry Products
  • Parasiticides
  • Other products
  • Antibiotics and related products
  • Immunotherapy products and vaccines
  • Nutrition and metabolism products
  • Dermatological preparations
  • Musculoskeletal system products
  • Industry Activities
  • Parasiticides
  • Immunotherapy product including vaccines
  • Nutritional and metabolism product
  • Antibiotics
  • Other animal healthcare product
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from dairy cattle farming
  • Number of veterinarians
  • Real household discretionary income
  • Demand from beef cattle farming
  • Demand from sheep farming

  • Current Performance
  • Changing landscape
  • Pet humanisation
  • International profile
  • Changing regulatory backdrop
  • Chart: Revenue Growth

  • Industry Outlook
  • Challenges
  • Table: Veterinary Pharmaceutical Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Veterinary Pharmaceutical Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Pet Breeding and Other Livestock Farming
  • Livestock and Other Agricultural Supplies Wholesaling
  • Veterinary Services
  • Pharmaceuticals Wholesaling

  • Key Selling Industries
  • Packaging Services
  • Pharmaceutical Product Manufacturing

  • Products & Services
  • Parasiticides
  • Immunotherapy products and vaccines
  • Other products
  • Antibiotics and related products
  • Nutrition and metabolism products
  • Musculoskeletal system products
  • Dermatological preparations
  • Chart: Veterinary Pharmaceutical Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Animal health wholesalers
  • Veterinarians
  • Export markets
  • Chart: Major Market Segmentation for the Veterinary Pharmaceutical Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Veterinary Pharmaceutical Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Veterinary Pharmaceutical Manufacturing Industry

  • Industry Globalization
    Zoetis Australia Pty Ltd, Intervet Australia Pty Ltd, Virbac (Australia) Pty Limited, Jurox Pty Ltd,
  • Table: Zoetis Australia Pty Ltd - financial performance
  • Table: Intervet Australia Pty Ltd - financial performance
  • Table: Virbac (Australia) Pty Limited - financial performance
  • Table: Jurox Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Veterinary Pharmaceutical Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Veterinary Pharmaceutical Manufacturing Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Agvet Chemicals
  • Stands for agricultural and veterinary chemicals.
  • Companion Animal
  • Household pets, including dogs, cats, birds and reptiles.
  • Food Producing Industries
  • Agricultural industries in Australia, including livestock, crop and intensive-farming operations.
  • Zoonotic Diseases
  • Roughly three quarters of human diseases are zoonotic in origin meaning they can be naturally transmitted between animals and humans. There are over 200 identified zoonotic diseases.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Veterinary Pharmaceutical Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Veterinary Pharmaceutical Manufacturing:
    • 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 Veterinary Pharmaceutical Manufacturing 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 Veterinary Pharmaceutical Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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