The majority of animal health companies sell drugs for cats and dogs. The largest sub-segment of the animal health industry is the pet antiparasitics space. Other drugs include therapeutics for pain, cancer and allergies.Facts about the global animal pharmaceuticals market
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Key themes affecting the animal pharmaceuticals market
Many animal health companies, from multinationals to start-ups, are focusing on developing new pet drugs. Zoetis has shown recently there is demand for new pet treatments in dermatology and this has stimulated increased research and development in pet health (pain, cancer, allergies, anxiety etc). Spending on pets is increasing in developed markets and China as well. As well as internal R&D, animal health companies are licensing technologies from the human pharma sector and trying to translate this innovation to pets. One key area of innovation is monoclonal antibodies (mAbs). In human pharmaceuticals, most top-selling drugs are mAbs. In animal health, there is only one mAb on sale. Companies such as Zoetis, Kindred Biosciences and PetMedix are now aiming to bring more mAbs to animal health.
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