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Veterinary Clinical Trials Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Veterinary Clinical Trials
What Is the Expected Veterinary Clinical Trials Market Size During the Forecast Period?
The market size for veterinary clinical trials has experienced robust growth over the past few years. The market is projected to expand from $4.42 billion in 2024 to $4.85 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%. The historical growth can be ascribed to an escalation in pet ownership, increased demand for animal health products, expansion in livestock farming, added regulatory push for safe animal therapies, and increased concentration on preventing zoonotic diseases.
Anticipations are high for a robust expansion in the veterinary clinical trials market in the coming years, with its value predicted to soar to $6.97 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 9.5%. This predicted surge during the forecasting period can be attributed to factors such as an upswing in pet ownership, escalated prevalence of animal diseases, increasing demand for cutting-edge veterinary treatments, enhanced regulatory backing for veterinary research, development of the TH*Care sector for companion animals, and a rise in chronic diseases among animals. Some of the key trends to look out for during this period include the incorporation of Artificial Intelligence for data analysis, the use of advanced imaging technologies for accurate diagnostics, embracing of digital platforms for remote oversight, employment of blockchain for secure data handling, adoption of wearables for live health tracking, the use of 3D printing for personalized medical devices, and the application of telemedicine for remote consultations and trial management.
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What Are the High-Growth Segments in 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
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What Key Drivers Are Expected to Influence Future Veterinary Clinical Trials Market Growth?
The veterinary clinical trials market is expected to see significant growth due to an increasing number of pet owners. Possessing and taking care of one or more animals as companion pets defines pet ownership. The surge in pet ownership is related to several reasons, such as the need for companionship, the use of pet therapy benefits, and heightened consciousness of pets' positive influence on mental and physical health. Veterinary clinical trials offer advantages to pet ownership by enhancing access to innovative treatments for pets and promoting veterinary care, ensuring improved health outcomes for animals. Furthermore, these trials pave the way for the creation of safer and more effective treatments. A report from The People's Dispensary for Sick Animals, a veterinary charity based in the UK, predicted in June 2024 that the UK would see an increase to approximately 10.6 million pet dogs from 9.6 million in 2021. Consequently, the growth of the veterinary clinical trials market is being propelled by the surge in pet owners.
Which Companies Hold the Largest Share Across Different Veterinary Clinical Trials Market Segments?
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
What Trends Are Driving Growth in The Anesthesia Circuits Market?
Several key corporations in the veterinary clinical trials industry are concentrating their resources on creating innovative anti-aging drugs in an effort to extend pet lifespan and boost animal wellness in general. These new anti-ageing drugs are ground-breaking treatments intended to postpone or reverse the signs of aging and boost the health and vigour of older animals. For example, in February 2024, Loyal, an American veterinary organisation, initiated a clinical trial for a pioneering anti-aging drug, known as LOY-002, aiming to extend the healthy lifespan of elderly dogs. Its objective is to enhance metabolic health in dogs, focusing on age-related alterations that could trigger various health problems. This chewable medication, created specifically for older dogs, except for the tiny breeds, is currently undergoing trials in the STAY study, which intends to enlist over 1,000 dogs that are 10 or older from more than 50 veterinary clinics throughout the US. The main objective of LOY-002 is to augment metabolic function, which could help delay age-related diseases and improve the quality of life for older dogs.
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What Are the Emerging Geographies for The Veterinary Clinical Trials Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Veterinary Clinical Trials Market?
2. What is the CAGR expected in the Veterinary Clinical Trials Market?
3. What Are the Key Innovations Transforming the Veterinary Clinical Trials Industry?
4. Which Region Is Leading the Veterinary Clinical Trials Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the veterinary clinical trials market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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