Understanding Key Drivers and Growth Opportunities in the Veterinary Clinical Trials Market: Trends and Market Size Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Veterinary Clinical Trials Market?
The growth of the veterinary clinical trials market is anticipated to be fuelled by the increasing number of pet owners. The concept of pet ownership involves owning and taking care of one or more pets as domestic partners. An increase in pet ownership can be linked to various factors such as the need for companionship, the advantages of pet therapy, and heightened recognition of pets’ beneficial effects on mental and physical health. Veterinary clinical trials benefit pet ownership by enhancing the availability of innovative treatments for pets and promoting advanced veterinary care, which in turn assures improved health results for animals. These trials also aid in the creation of safer and more efficient treatments. For example, in June 2024, a report by The People’s Dispensary for Sick Animals, a British veterinary charity, predicts UK pet dog ownership to reach roughly 10.6 million, rising from 9.6 million in 2021. Hence, the escalating number of pet owners is propelling the growth of the veterinary clinical trials market.
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#What is the Growth Potential of the Veterinary Clinical Trials Market, and How Will It Perform by 2034?
In the past few years, the veterinary clinical trials market has experienced significant growth. Its value is projected to increase from $4.42 billion in 2024 to $4.85 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%. The historic growth spurt can be attributed to a surge in pet ownership, heightened demand for animal health products, expansion of livestock farming, increasing regulatory pressures for safe animal treatment, and a rising emphasis on preventing zoonotic diseases.
The market size of clinical trials in the veterinary sector is predicted to witness substantial growth in the forthcoming years, escalating to $6.97 billion by 2029 with a compound annual growth rate of 9.5%. Factors contributing to this growth during the forecasted period are an increase in the number of people owning pets, a rise in animal diseases, the increased call for more advanced veterinary treatments, a spike in regulatory support for veterinary study, the growth of healthcare for companion animals, and the rising prevalence of chronic ailments in animals. The forecast period will also see several trends including the adoption of artificial intelligence for data interpretation, state-of-the-art imaging technologies for accurate diagnosis, the use of digital platforms for distant monitoring, blockchain for safeguarding data management, wearable technology for real-time health monitoring, 3D printing for creating custom medical devices, and telemedicine for remote consultations and study management.
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What Are the Most Significant Market Trends Transforming theVeterinary Clinical Trials Market?
Major firms in the veterinary clinical trials market are concentrating their efforts on the creation of new anti-aging drugs to increase the lifespan of pets and enhance general animal health. These innovative, new anti-aging medications are designed to slow down or reverse the aging process, enhancing the health and longevity of older animals. One example is the February 2024 launch of a clinical trial by Loyal, a US-based veterinary firm, for an innovative anti-aging medicine known as LOY-002 that could potentially prolong the healthy life of older dogs. The drug aims to enhance their metabolic health, focusing on age-related changes that could result in various health complications. This chewable drug, designed specifically for most senior dog breeds excluding the smallest ones, is currently under testing in the STAY study. The study, which aims to enroll more than 1,000 dogs aged 10 and above from over 50 vet clinics in the US, hopes that LOY-002 could improve metabolic functions and possibly defer age-related illnesses, consequently improving the overall quality of life for older dogs.
What Are the Top Market Players Propelling the Growth of theVeterinary Clinical Trials Industry?
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, Charles River Laboratories International Inc., IDEXX Laboratories Inc., Ceva Santé Animale, Hill’s Pet Nutrition Inc., Ethos Veterinary Health LLC, Orion Corporation, Dechra Pharmaceuticals plc, The Schwarzman Animal Medical Center, Argenta Holdco Limited, Morris Animal Foundation, Vaxine Pty Ltd, Bioagile Therapeutics Pvt. Ltd., VetStem Inc., VetDC, Vivesto AB, OCRvet, Vetbiolix, Clinvet International, Ondax Scientific S.l., Veterinary Research Management
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Which Primary Segments of the Veterinary Clinical Trials Market Are Driving Growth and Industry Transformations?
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
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Veterinary Clinical Trials Market?# Market?
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.
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