The Animal Health industry with its two main sectors farm animal / livestock health and companion animal health, is on a rapid growth path and has developed into a distinct part of the life sciences industry. Originally little more than a side business for large Pharma companies, today’s Animal Health business is as demanding and as stringent as the human pharmaceuticals business. R&D and regulatory requirements in Animal Health and human pharmaceuticals are similar with regards to complexity.
Animal Health medicines and vaccines are expected to grow significantly due to the increase of livestock production and companion animal ownership, in response to rising demand due to growth in global population, and increased standards of living.
Key challenges of the industry: