Veterinary Clinical Trials Trends and Opportunities 2025-2034: A Comprehensive Guide to Growth Insights
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What Are the Projected Expansion Rates of the Veterinary Clinical Trials Market for the Next Decade?
The market size for veterinary clinical trials has seen robust growth in the recent times. It is projected to expand from $4.42 billion in 2024 to $4.85 billion in 2025, experiencing a compound annual growth rate (CAGR) of 9.8%. Factors such as increasing dog and cat ownership, heightened demand for animal health goods, development in livestock agriculture, increasing regulatory requirements for secure animal therapies, and heightened emphasis on preventing diseases transmissible between animals and humans have contributed to this historic period growth.
It is predicted that the veterinary clinical trials market is set to experience significant growth in the coming years, eventually reaching $6.97 billion in 2029 with a compound annual growth rate (CAGR) of 9.5%. Factors contributing to this surge during the forecast period include an increase in pet ownership and animal disease prevalence, a heightened demand for sophisticated veterinary care, more regulatory backing for veterinary research, the expansion of companion animal health services, and a rising incidence of chronic conditions amongst animals. Key trends expected to shape this period include the utilisation of AI in data analysis, the use of advanced imaging technologies for accurate diagnostics, the emergence of digital platforms for remote health monitoring, secure data management through blockchain, real-time health monitoring wearables, custom medical devices created by 3D printing, and the use of telemedicine for off-site consultations and management of trials.
How Are the key drivers expanding the growth of the Veterinary Clinical Trials Market?
The expected surge in pet ownership is anticipated to fuel the expansion of the veterinary clinical trials market. Owning a pet entails possessing and caring for one or multiple animals as domestic pals. The growth in pet ownership is propelled by factors like the longing for companionship, the advantages of pet therapy, and the escalating awareness of the health benefits provided by pets. Veterinary clinical trials aid pet owners by enhancing the availability of cutting-edge medical treatments for their pets, thereby elevating the quality of veterinary care and ensuring optimal health results for animals. Further, these trials pave the way for the development of secure and superior treatments. For example, a report by the UK-based veterinary charity, The People’s Dispensary for Sick Animals, in June 2024 predicted a rise in the number of pet dogs in the UK to approximately 10.6 million from 9.6 million in 2021. Thus, the rising count of pet owners is facilitating the expansion of the veterinary clinical trials market.
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Which Companies Are Redefining the Future of the Veterinary Clinical Trials Market?
Major companies operating in the veterinary clinical trials market are:
• Merck & Co. Inc.
• Boehringer Ingelheim International GmbH
• Laboratory Corporation of America Holdings
• Zoetis Inc.
• Elanco Animal Health Incorporated
What Trends Are Poised to Drive the Future Success of the Veterinary Clinical Trials Market?
Leading businesses in the veterinary clinical trials market are concentrating their efforts on creating innovative anti-aging medications to prolong the lifespan of pets and enhance their overall health. These groundbreaking anti-aging drugs are conceived to decelerate or reverse the aging process, improving the health and liveliness of aging animals. For example, in February 2024, a veterinary company based in the United States called Loyal initiated a clinical trial for LOY-002, a newly developed anti-aging medication aimed at extending the healthy lifespan of senior dogs. It is formulated to boost a dog’s metabolic health, addressing age-related changes that might lead to a variety of health problems. The pill, tailored for aged dogs of nearly all sizes (except the smallest breeds), is currently undergoing trials in the STAY study, intending to enlist over 1,000 dogs aged 10 and above from over 50 veterinary clinics across the United States. LOY-002’s primary goal is to improve metabolic functionality, which might defer age-related diseases and enhance the overall quality of life for older dogs.
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How Are Key Segments Defining the Competitive Landscape of the Veterinary Clinical Trials Market?
The veterinary clinical trials market covered in this report is segmented –
1) By Animal: Livestock Animal, Companion Animal, Other Animals
2) By Indications: Oncology, Internal Medicine, Orthopedics, Cardiology, Neurology, Ophthalmology, Dermatology, Other Indications
3) By Intervention: Medicines, Medical Devices, Other Interventions
4) By End-Users: Academics And Research Centers, Pharmaceutical And Biopharmaceutical Companies, Other End-Users
Subsegments:
1) By Livestock Animal: Cattle, Sheep, Goats, Swine, Poultry
2) By Companion Animal: Dogs, Cats, Horses, Rabbits, Ferrets
3) By Other Animals: Wildlife, Exotic Pets, Laboratory Animals, Aquatic Animals
What Are the Leading Regions in the Veterinary Clinical Trials Market Expansion?
North America was the largest region in the veterinary clinical trials market in 2024. The regions covered in the veterinary clinical trials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Core Features That Define the Veterinary Clinical Trials Market?
Veterinary clinical trials are research studies conducted to evaluate the safety, efficacy, and outcomes of new treatments, medications, or medical devices for animals. These trials follow structured protocols and are designed to assess how well a therapeutic intervention works in preventing, diagnosing, or treating animal health conditions.
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