Vetoquinol Universal Registration Document 2019

1 18   Vetoquinol  Universal Registration Document 2019  Financial report PRESENTATION OF THE GROUP Animal health world market 1.5.3 Animal health market outlook The following are expected to be the main trends over the 2020-2022 period: • the development of both generic drugs, including in the United States, and those resulting from technological innovation, • the largest contribution to real growth is expected to come from pets and poultry, • the unforeseeable impact of diseases that could tem- porarily affect meat production and consumption in specific regions (swine flu, bluetongue, bird flu, foot- and-mouth disease, etc.), such as the swine fever outbreak in China and South-East Asia, • efforts to improve food safety and traceability, tighte- ning regulations and a drive to improve animal health, notably in Asia in order to minimize the outbreak of health crises (swine fever, coronavirus), • the promotion of animal welfare, including in the bree- ding sector, • the development of care for older pets is expected to boost the sale of veterinary drugs for the treatment of chronic illnesses, including cardiovascular and kidney diseases and pain treatments, • the introduction of tighter regulatory constraints, even in less-developed countries, in order to promote animal product exports, • volumes in the anti-infective market are expected to grow, however below that of market growth over the period, and varying considerably from region to region. For food-producing animals, this trend, which has already been observed in Europe in recent years, will continue and extend across North America. This trend is related to regulatory restrictions aiming to avoid any form of antibiotic resistance in non-curative treatments in favor of the rational use of antibiotics in curative treatments, • vaccines and new pet therapies are expected to grow at a higher rate than the market, • the digital transformation of the sector will be stepped up in both pet and food-producing segments and is set to be a source of innovation in solutions and services, • all regions are expected to post growth in the pet market, • on the food-producing market, Latin America is expec- ted to grow faster than North America or Europe in volume terms. In Asia, particularly in China and Sou- th-East Asia, growth is expected to slow down over the short and medium term due to the various health crises (swine fever, coronavirus). Over the long term, the food-producing animal market is expected to see robust growth in both volumes and value due to the drive to improve animal health.