The top firms in animal health are a mix of independent businesses focused solely on veterinary medicine (Zoetis, Elanco and Ceva) and divisions of human pharma companies (Boehringer, Merck and Bayer). These companies sell drugs, vaccines and diagnostics for food-producing animals and pets. These companies tend to enjoy mid-single-digit organic growth each year.Key facts about the global animal health companies' market
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Key themes affecting animal health companies
Animal health companies are currently experiencing high growth in the companion animal sector. The ‘humanization’ of pets has seen consumers become more concerned with the health of their pets, demanding improved medicines for their cats and dogs. In the livestock sector, sales are not currently as buoyant as companies are currently transitioning away from selling antibiotics. The whole industry is investing in developing more preventative technologies such as vaccines or diagnostics.
Major European food policy legislation and/or upcoming policies | ||||
Company | Local currency sales (million) 2017 | Local currency sales (million) 2018 | Change | Sales in 2018 ($m) |
Zoetis | $5,307 | $5,825 | 10% | $5,825 |
Boehringher Ingelheim Animal Health | €3,901 | €3,960 | 1.5% | $4,677 |
Merck/MSD Animal Health | $3,875 | $4,212 | 9% | $4,212 |
Elanco | $2,890 | $3,067 | 6% | $3,067 |
IDEXX Laboratories | $1,832 | $2,066 | 13% | $2,066 |
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At IHS Markit we offer market-leading animal health information solutions via our globally recognised Animal Health Market Reporting service, powered by Animal Pharm. Our specialist team of experts offer comprehensive news, data and independent analysis across the global industry, with current news, data and market forecasting solutions to support all operational needs in your organisation.
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Our Animal Health Market Reporting service is the market leader in updates and news on animal health company developments, emerging trends, mergers and acquisitions, regulatory and competitive changes across the animal health market. Spanning pharmaceuticals, vaccines, diagnostics and technology, a subscription also includes access to a range of tracking tools on M&A, funding, patents and drug approvals.
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Published throughout the year these reports dive deeper than the information available in the Animal Health Market Reporting service alone, taking special reports on key topics driving the vaccine, antiparasitic and diagnostics markets, complementing our subscription services. These provide critical updates on regulations, products, technology and other emerging trends.
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