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How has the veterinary cro and cdmo market size evolved in recent years?

The market size of veterinary CRO and CDMO has significantly increased over recent years. It is predicted to expand from $6.97 billion in 2024 to $7.55 billion in 2025, with an impressive Compound Annual Growth Rate (CAGR) of 8.3%. The historical growth can be primarily attributed to factors such as the need for regulatory compliance, the globalization of the animal health market, an increase in drug development for livestock and greater outsourcing by pharmaceutical companies.

What are the predictions for the veterinary cro and cdmo market size in the coming years?

In the coming years, the market size for veterinary cro and cdmo is anticipated to witness robust growth. The market is projected to expand to a value of $10.74 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. The growth during this forecast period can be credited to the rising demand for precision medicine, emphasis on preventive health care, epidemiological surveillance, emergency readiness, and the growing intricacy of veterinary therapeutics. The forecast period is expected to be defined by increased outsourcing of research and development, advancements in technology integration, strategic collaborations and partnerships, sustainable manufacturing practices, and increased digitalization in veterinary services.

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What key factors are fueling the growth of the veterinary cro and cdmo market?

The anticipated boost in the veterinary CRO and CDMO market is driven by a rise in animal healthcare investments. The importance of animal health and an impactful demand for veterinary products and services have heightened awareness, leading to increased investments in animal healthcare. This, in turn, has a positive effect on the growth of the veterinary CRO and CDMO market. To illustrate, a report published by the American Pet Products Association (APPA), a non-profit U.S. organization endorsing pet ownership and the pet product industry, indicated that spending on pet care in the U.S. surged from USD 123.6 billion in 2021 to USD 136.8 billion in 2022. Consequently, the veterinary CRO and CDMO market is expected to benefit from this rise in investments for animal healthcare.

How is the global veterinary cro and cdmo market divided into key segments?

The veterinary cro and cdmo market covered in this report is segmented –

1) By Service Type: Discovery, Development, Manufacturing, Packaging And Labeling, market Approval And Post- marketing

2) By Animal Type: Companion Animals, Livestock Animals

3) By Application: Medicines, Medical Devices, Pharmaceuticals, Biologics, Other Applications

Subsegments:

1) By Discovery: Target Identification, Target Validation, Lead Identification, Lead Optimization

2) By Development: Preclinical Development, Clinical Development (Phase I, II, III), Regulatory Consulting

3) By Manufacturing: API Manufacturing, Finished Dose Formulation, Analytical Services

4) By Packaging And Labeling: Primary Packaging, Secondary Packaging, Label Design And Compliance

5) By market Approval And Post- marketing: Regulatory Submissions, Pharmacovigilance, Post- marketing Surveillance

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Who are the key firms paving the way for growth in the veterinary cro and cdmo market?

Major companies operating in the veterinary cro and cdmo market include Eurofins Scientific SE, Pharmaceutical Product Development Inc., Syneos Health Inc., Charles River Laboratories Inc., IDEXX Laboratories Inc., Elanco India Private Limited., Inotiv Inc., Promega Corporation, Aenova Group, Sai Life Sciences Ltd., Taconic Bioscience Inc., Avid Bioservices Inc., Frontage Laboratories Inc., Angion Biomedica Corp., knoell Germany GmbH, ClinVet International Pty Ltd., VetPharm Inc., Vetio Animal Health Company, Ridgeway Research Ltd., Drayton Animal Health Ltd., KLIFOVET GmbH, Triveritas Ltd., Cebiphar, Ondax Scientific UK Ltd., Veterinary Research Management (VRM) Ltd., Vetspin Srl, STATKING Animal Health CRO, Arcoblu S.r.l.

Which trends are expected to transform the veterinary cro and cdmo market?

Trend 1:

Driving the veterinary CRO and CDMO industry is a clear trend toward product advancement, with businesses putting a spotlight on novel creations to maintain their market stance. For instance, in June 2022, Vetio, an American veterinary-dedicated Contract Development and Manufacturing Organization (CDMO), received a signal of imminent patent award from both the European Patent Office (EPO) and the United States Patent Office (USPTO) for their Starch-Free Soft Chew developed for veterinary use. The technology behind Vetio’s Soft Chew, specifically formulated for animal health, offers an optimal method for delivering one or more active ingredients in a premium form suitable for veterinary pharmaceutical application. This pioneering composition and production procedure from Vetio eliminates starch and added water, thereby enhancing its compatibility with moisture-sensitive active ingredients.

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What regions are contributing significantly to the growth of the veterinary cro and cdmo market?

North America was the largest region in the veterinary CRO and CDMO market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary CRO and CDMO market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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