The Global AnimalBiz Index includes companies involved in animal breeding, animal feeds + nutrition, animal health distribution, animal vaccines, pet retailers, veterinary services, veterinary medicines + diagnostics. The worldwide market for animal healthcare (therapeutics + diagnostics, excluding bulk feed and nutrition products) is expected to reach just under $20 billion in 2008 based on statistics by BCC research, experiencing growth of 26% from a level of $15.6 billion in 2003. Animal healthcare is dominated by several large and mega-cap global pharmaceutical companies, which either have distinct operating divisions from acquisitions or joint ventures focused on this niche area of pet and livestock medicine. Compared to the market for their human counterparts, the animal healthcare industry generally experiences less competition and requires fewer resources in the form of time and money for drug development.



$10.52 (09/04/08)







