Press release
Global Veterinary CRO And CDMO Market: Phenomenal Growth, Key Factors, Main Players and Future Opportunities
Veterinary CRO And CDMO Market Trends
• The veterinary CRO and CDMO market size has experienced strong growth in recent years, growing from $6.97 billion in 2024 to an expected $7.55 billion in 2025. This equates to a compound annual growth rate (CAGR) of 8.3%.
• Growth in the historical period can be attributed to factors such as the need for regulatory compliance, the globalization of the animal health market, increased drug development for livestock, and increased outsourcing by pharmaceutical companies.
• The veterinary CRO and CDMO market size is projected to continue its strong growth trajectory over the next few years, growing to $10.74 billion in 2029 at a CAGR of 9.2%.
• This future growth can be attributed to factors such as the increasing adoption of precision medicine, a focus on preventive healthcare, epidemiological surveillance, emergency preparedness, and the increasing complexity of veterinary therapeutics.
What Are the Key Drivers of Growth in the Veterinary CRO And CDMO Market?
A key driver of growth in the veterinary CRO and CDMO market is the increase in animal healthcare investments. These investments have been on the rise due to growing awareness of the importance of animal health and the expanding demand for veterinary services and products. According to a report from the American Pet Products Association (APPA), pet care expenditure in the U.S. increased from USD 123.6 billion in 2021 to 136.8 billion in 2022. This upward trend is expected to fuel the growth of the veterinary CRO and CDMO market moving forward.
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Who Are the Key Players Driving Veterinary CRO And CDMO Market Growth?
Key players 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.
Key Trends in the Veterinary CRO And CDMO Market
• Trend towards outsourcing of research and development activities.
• Integration of advanced technology into veterinary services.
• The establishment of collaborations and partnerships within the sector.
• Move towards sustainability in production.
• Digitalization of veterinary services.
What Are the Segments of the Global Veterinary CRO And CDMO Market?
• By Service Type: Discovery, Development, Manufacturing, Packaging And Labeling, Market Approval And Post-marketing.
• By Animal Type: Companion Animals, Livestock Animals.
• By Application: Medicines, Medical Devices, Pharmaceuticals, Biologics, Other Applications.
Which Region Leads the Veterinary CRO And CDMO Market?
North America was the largest region in the veterinary CRO and CDMO market in 2024, and Asia-Pacific is projected to be the fastest-growing region in the upcoming years. Thus, the veterinary CRO and CDMO market is truly global, with key players operating across regions such as Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Veterinary CRO And CDMO Market Global Market Report?
- Market Size Analysis: Analyze the Veterinary CRO And CDMO Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Veterinary CRO And CDMO Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Veterinary CRO And CDMO Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Veterinary CRO And CDMO Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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