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Animal Health Biotechnology in the US - Industry Market Research Report

Animal Health Biotechnology in the US - Industry Market Research Report
  • Publish Date:September 2023

  • Number of Pages:42

  • Report ID:5103752

  • Format:PDF

  • Publisher:Ibisworld

$ 1095


Trusted companion: accelerated growth in the number of pets will boost industry revenue growth


Animal Health Biotechnology in the US
Animal health biotechnology companies create products – vaccines, medications and food – that safeguard animals’ health. Changing attitudes toward companion animals like dogs and cats encourage pet owners to pay premiums for these products. At the same, livestock producers see an invaluable benefit in biotech to protect their animals and investment. Innovative developments created by animal health biotechnology companies have shown the field’s potential, leading investors to flock to animal health biotechnology companies. A rapidly expanding animal health market is leading industry-wide revenue to grow at a CAGR of 2.4% over the past five years to an estimated $13.2 billion in 2023, when revenue will jump an expected 1.0%.

Animal health biotechnology companies research, develop, test and distribute therapeutic drugs, diagnostic tools and preventive products for livestock and companion animals. Drugs not developed using biological materials or processes are not included in this industry. In addition, companies provide tools that 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.

Table of contents

Industry Definition
Main Activities
Similar Industries
Additional Resources


Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle



Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.