TOP 5 ANIMAL CARE COMPANIES IN WORLD
b] MERCK ANIMAL HEALTH
c] Bayer HealthCare Animal Health
d] Elanco Animal Health
e] Boehringer Ingelheim Animal Health
1)ZOETIS = Zoetis pharmaceutical manufacturer from U.S is world’s largest company in the animal health section , with a total revenue of close to 6.3 billion U.S. dollars in 2019. Zoetis was a part of Pfizer – under the name Pfizer Animal Health- until 2013 when it became an independent company. It develops vaccines and parasiticides, and anti-infectives for animals and medicinal feed additives and drugs for pain, sedation, and cancers for pets and farm animals Two of the company’s largest product categories are vaccines and anti-infectives. Zoetis’ main competitors in the animal health market are German Boehringer Ingelheim, and U.S. -based Merck & Co. and Elanco.
The global animal health care market
Nearly 34 billion U.S. dollars was spent on animal health products worldwide in 2018, around double the size the market value a decade earlie. Almost 60 percent of the market is generate from classic pharmaceuticals, while the rest is made up of biologicals and medicinal feed additives. On the other hand, nearly two thirds of global revenues are generated in the submarket for food animals and the rest for companion animals in the world .
Management activities within the industry
The animal health market saw some major transactions in the last few years. One of the largest M&A deals was the Boehringer Ingelheim from germany within a swap deal takeover the French company Sanofi’s animal health division (Merial) in 2014 Another remarkable transaction was the acquisition of Swiss-based Novartis’ animal health segment by the U.S. company Elanco
2) MERCK ANIMAL HEALTH =
It manufactures vaccines, anti-infective and anti-parasitic drugs and medicines . it also produce fertility management drugs and other specialty pharmaceutical products for animals and livestock in the world
3) Bayer HealthCare Animal Health =
It only manufactures vaccines, anti-infective for animal and anti-parasitic drugs and , fertility management medicines for animals and livestock.
4) Elanco Animal Health =
It develops and markets products to treat animal health and it also made drugs which helps in increasing protein production of animal Products include flea protection for dogs and cats, and other drugs to combat parasites in poultry, and vaccines and feed additives for livestock and poultry of animals and birds .
5) Boehringer Ingelheim Animal Health =
this company markets biologicals equipments and vaccines and other pharmaceuticals. And other care products in domestic pets and livestock. this company is open on 1 august 1997.