Animal Health Biotechnology - Industry Market Research Report

Animal Health Biotechnology

Animal instincts

The industry will remain tied to expenditure on research and development over the next five years, as firms make advances in genetically engineered animals. Though these new technologies require government approval, advances in transgenic animals and cloning will increasingly drive demand. IBISWorld anticipates that favorable legislation will support strong revenue growth over the five years to 2016.

The Animal Health Biotechnology industry researches, develops, tests and distributes therapeutic drugs, diagnostic tools and preventative products for animals. The industry's operators serve livestock and domestic companion animals. In addition, companies provide tools that aim to improve farm animal breeding programs.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.