Veterinary CRO And CDMO Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theVeterinary CRO And CDMO Market?
The upward trend in investments towards animal healthcare is anticipated to fuel the expansion of the veterinary CRO and CDMO market. The awareness about the significance of animal health has been on the rise, along with an escalated demand for veterinary products and services, thereby boosting the growth of this market. For instance, information from the American Pet Products Association (APPA), an American non-profit aimed at promoting pet ownership and the pet product industry, showed that the expenses on pet care in the U.S. escalated from USD 123.6 billion in 2021 to a robust 136.8 billion in 2022, which was published in October 2023. Consequently, this surge in animal healthcare investments is predicted to act as a catalyst for the growth of the veterinary CRO and CDMO market.
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#What Are the Key Projections for the CAGR of the Veterinary CRO And CDMO Market From 2025 to 2034?
The market size of veterinary cro and cdmo has seen robust growth in recent times. The growth projection asserts that the market will expand from $6.97 billion in 2024 to $7.55 billion in 2025, boasting a Compound Annual Growth Rate (CAGR) of 8.3%. The historical growth is in part linked to the need for regulatory compliance, the internationalization of the animal health market, enhanced drug development for farm animals, and a boost in outsourcing by pharmaceutical firms.
The market size of the veterinary cro and cdmo sector is projected to witness a considerable increase in the ensuing years. By 2029, it’s anticipated to be valued at $10.74 billion, expanding at a Compound Annual Growth Rate (CAGR) of 9.2%. The growth during this forecast period is attributable to the rising adoption of precision medicine, emphasis on preventive healthcare, epidemiological surveillance, preparedness for emergencies and the escalating complexity of veterinary therapeutics. Significant trends predicted to be observed in this period encompass the outsourcing of research & development, blending of technology, formation of collaborations and partnerships, sustainability in the production process and the digitization of veterinary services.
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What Are the Current Market Growth and Trends in theVeterinary CRO And CDMO Market That Industry Players Should Watch?
The primary trend gaining traction in the veterinary CRO and CDMO market is product innovation. Corporations in these markets are emphasizing novel product development to maintain their industry standing. For example, in June 2022, Vetio, a US-based Contract Development and Manufacturing Organization (CDMO) committed to animal health, received an Intention to Grant from the European Patent Office (EPO) and a Notice of Allowance from the United States Patent Office (USPTO) for its Starch-Free Soft Chew, formulated specifically for veterinary use. Vetio’s Soft Chew Technology platform, which was created explicitly for animal health, is adeptly designed to administer one or more active ingredients in a high-quality dosage form appropriate for veterinary pharmaceutical purposes. Vetio’s pioneering composition and manufacturing method, which involves no starch or added water, is particularly appropriate for moisture-sensitive active constituents.
What Are the Major Market Players Making an Impact on theVeterinary CRO And CDMO Market Growth?
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.
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How Are the Key Segments of the Veterinary CRO And CDMO Market Driving Opportunities and Innovations?
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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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theVeterinary CRO And CDMO Market?# Market Expansion?
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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