Animal medicine is a substance (including medicinal feed additives) used to prevent, treat, diagnose animal diseases, or purposefully regulate animal physiological functions.
Veterinary drugs mainly include: serum products, vaccines, diagnostic products, micro ecological products, Chinese medicinal materials, traditional Chinese patent medicines and simple preparations, chemicals, antibiotics, biochemical drugs, radioactive drugs, external pesticides, disinfectants, etc.
With the development of animal husbandry, the importance of veterinary drugs has gradually gained attention from the industry and society. In recent years, with the increase in the types and scope of use of veterinary drugs, the industry has developed rapidly and has gradually been included in the "animal health products" industry category.
Veterinary drugs initially mainly came from plants, and in ancient China, the term "herbal medicine" included veterinary plant drugs. In the 19th century AD, the Active ingredient of plant medicine was successfully separated, and the knowledge of its chemical structure gradually increased. Since then, artificial synthesis and search for new drugs have begun. Today, chemical synthetic drugs not only have high purity but also low production costs, making them the main source of veterinary drugs.
Veterinary drugs mainly include: serum products, vaccines, diagnostic products, micro ecological products, Chinese medicinal materials, traditional Chinese patent medicines and simple preparations, chemicals, antibiotics, biochemical drugs, radioactive drugs, external pesticides, disinfectants, etc.
Although China's independent innovation capability in new veterinary drug research and development is insufficient, mainly following foreign models, it still represents the highest level of research and development innovation in the veterinary drug industry. In the past decade (2010-2019), the Ministry of Agriculture has approved a total of 596 new veterinary drugs, including 26 types of first class new veterinary drugs, accounting for 4% of all registrations; 143 types of Class II new veterinary drugs, accounting for 24% of all registered products; 232 new veterinary drugs of three categories, accounting for 56% of all registrations; There are a total of 95 new veterinary drugs in the four or five categories, accounting for 16% of all registrations.
According to incomplete statistics from the China Veterinary Medicine and Feed Trading Center, the pre investment in the capital market for the entire year 2020 exceeded 3 billion yuan. Entering 2021, the listing camp in the veterinary medicine industry will continue to expand.
Prospects for the Development of the Veterinary Medicine Industry
With the improvement of production efficiency and technology, as well as the increase in production and aquaculture, it is expected that the market size will approach 60 billion yuan by 2025. From a global market perspective, it is expected that the global veterinary drug market size will reach 537.2 billion yuan by 2022, with huge development potential.
What are the future investment opportunities in the veterinary drug market? To learn more about the specific details of the industry, please click to view the report "2021-2026 Survey on the Development Status of the Veterinary Medicine Market and Analysis and Prediction Report on Supply and Demand Pattern" by China Research Puhua Industry Research Institute.