로고
Contact Us
(R&D)Scientists
Patients-Farm Animal
Patients-Companion Animal
Medical Professionals
Search
Search
Company
People
History
Collaboration
Location
Science
Pipeline
Research Area
Technology
Scientific Publication
Products
Farm Animal
Companion Animal
Animals
Growing Industry
Farm Animal
Companion Animal
IR
News
Events
Financial Information
FAQS
Jobs
Jobs
CLOSE

Growing Industry 


In 2015, the global animal health market was worth in about USD 100 billion and the animal drug market was valued at USD 25.9 billion, recording a compound annual growth rate of 5.7% percent in the past seven years.
<Global Animal Pharmaceutical Market>

(Unit: $1 billion)
  2011 2012 2013 2014 2015
Market Size 22 22.5 23 23.9 25.9
Growth Rate 9.4% 2.2% 2.2% 3.9% 8.3%

(Source: © Statista 2017)




<World Animal Vaccine Market Size and Growth Rate>

Biotechnology is now focused on developing a vaccine that prevents multiple diseases through a single inoculation. This progress has led to the creation of therapeutic vaccines and the expansion of the vaccine market.




Animal Healthcare Market in Korea

The “Korean Institute of Planning and Evaluation for Technology in Food”, Agriculture and Forestry” and the “Korean Animal Health Products Association” have presented documentation that shows a 5.9% increase in the Korean animal healthcare market the years 2009 and 2015. Furthermore, the export volume of animal products increased by 28% percent.

More growth is expected, as the meat consumption and demand for companion animals continue to rise along with animal health care awareness.




<Animal Drugs Domestic Market>
(Unit: 100 million won)
2011 2012 2013 2014 2015
Domestic Production 3,615 3,355 3,387 3,756 4,091
Imported Products 2,185 2,482 2,072 2,084 2,449
Total 5,800 5,837 5,459 5,840 6,540



<Animal Drugs Exportations>

2011 2012 2013 2014 2015
Number of
companies
35 42 55 60 63
Total of products 621 736 840 932 1,039
Exports ($Billions) 105,756
thousand
140,675
thousand
152,550
thousand
180,916
thousand
214,918
thousand