Friday 27th November 2020

Summary of recent Zoetis Webinar focussed on Asian Animal Health

Zoetis hosted a webinar on 10 November 2020 entitled The Next Steps for Animal Health in Asia.

Key points impacting the Asian market that were raised and discussed included:

Increase in human population and increase in middle class wealth is projected to drive growth in the animal health market.

Market split (and innovation focus) by key regions appear to be:

  1. China - swine, companion animals, poultry (vaccines, parasiticides)
  2. Japan - companion animals, swine (all sectors)
  3. Australia - companion animals, ruminants (parasiticides, vaccines)

Companion animal market is projected to be the key growth focus in Asia Pacific region (China, India, Philippines, Japan and Australia).

Antimicrobial products market share is projected to decrease over the next 5 years.

Projected growth areas are in pain, dermatological, anaesthetics and cardiovascular products.

Covid-19 had a greater impact in the livestock sector than the companion animal market.