Veterinary CRO Market Driven By Vetspin Srl, Vetpharm, Triveritas, Ondax Scientific, Klifovet ag, Clinvet

According to The Insight Partners market research study of ‘Veterinary CROs Market to 2027 - Global Analysis and Forecasts by Service Type, Application and Indication and End-User.’ The global veterinary CROs market is anticipated to reach US$ 1,440.15 Mn in 2027 from US$ 710.81 Mn in 2019. The market is anticipated to grow with a CAGR of 9.3% from 2020-2027. The report provides trends prevailing in the global veterinary CRO market and the factors driving market along with those that act as hindrances.

Leading companies operating in the veterinary CROs market are Charles River Laboratories, Inc., Clinvet, Klifovet Ag, Löhlein and Wolf Vet Research, Oncovet Clinical Research, Ondax Scientific, Triveritas, Veterinary Research Management (VRM) LTD, VetPharm, Inc., Vetspin SRL among others.

Request for sample PDF Report Copy at: https://www.theinsightpartners.com/sample/TIPRE00008083/?utm_source=OpenPR&utm_medium=10144

The market for veterinary CROs is expected to grow, owing to factors such as increasing animal healthcare expenditure. Moreover, development opportunities in emerging countries are likely to have a positive impact on the growth of the market in coming years. Clinical trials segment led the market in 2019, and is expected to retain its dominance during the forecast period from 2020 to 2027.

In terms of service type, the Veterinary CROs in healthcare market is segmented into clinical trials, toxicology, market authorization and regulatory support, others. The clinical trials segment held a largest share of the market in 2019.

Veterinary CROs are described as organizations offering services that support the veterinary drug discovery processes in veterinary drug companies. For example, some of the services veterinary CROs offer include market authorization support, regulatory support, support for clinical trials and toxicology studies. The growth of the Veterinary CROs in healthcare market is attributed to the increasing prevalence of veterinary diseases, rising animal expenditures and strategic initiatives by key players have been boosting the market over the years. However, dearth of skilled professionals is likely to have a negative impact on the growth of the market in the coming years. On the other hand, increasing number of vaccines and biosimilar development for animals is likely to provide growth opportunity for market players in the coming years.

The Veterinary CROs in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth.

The report segments Global Veterinary CRO Market as follows:

Global Veterinary CROs Market - By Service Type

Clinical Trials
Toxicology
Market Authorization and Regulatory Support
Others
Global Veterinary CROs Market - By Application

Pet
Livestock
Wild
Global Veterinary CROs Market - By Indication

Oncology
Infectious Diseases
Neurology
Others
Global Veterinary CROs Market - By End User

Biopharmaceutical Companies
Others

Buy Complete Report Copy at: https://www.theinsightpartners.com/buy/TIPRE00008083/?utm_source=OpenPR&utm_medium=10144

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense, Food & beverage, Chemical and Materials, Semiconductors. etc.
Contact Us:

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.