Veterinary CRO Market Size, Share, Trends, Growth Outlook

Veterinary CRO Market is estimated to increase at a growth rate of 8.2% CAGR over the forecast period from 2024 to 2030.

The global Veterinary CRO Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Service (Clinical Trials, Toxicology, Market Authorization & Regulatory Support, Others), By Animal (Dogs, Cats, Others), By Indication (Oncology, Infectious Disease, Neurology, Others).

An Introduction to Veterinary CRO Market in 2024

The Veterinary Contract Research Organization (CRO) Market comprises contract research services, preclinical studies, and clinical trial support for veterinary pharmaceutical companies, animal health organizations, and biotechnology firms developing veterinary drugs, vaccines, and healthcare products for animal populations. Veterinary CROs offer preclinical research, laboratory testing, clinical trials, and regulatory services for veterinary drug development, safety assessments, and market approval processes, supporting animal health innovations and veterinary medicine advancements. Market trends encompass CRO capabilities, veterinary research outsourcing, animal model studies, and regulatory compliance services for efficient veterinary product development and animal health research initiatives.

Veterinary CRO Market Competitive Landscape

The global Veterinary CRO Industry is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Veterinary CRO Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Veterinary CRO Industry include- Charles River Laboratories Inc, Clinvet, Klifovet AG, knoell, Lohlein and wolf vet research, Oncovet Clinical Research, Ondax Scientific, Veterinary Research Management, Vetpharm Inc, Vetspin SRL.

Veterinary CRO Market Trend: Rise in Outsourcing of Veterinary Research and Development

One prominent trend in the Veterinary CRO (Contract Research Organization) market is the increasing outsourcing of veterinary research and development activities by pharmaceutical companies, biotechnology firms, and animal health organizations. As the demand for novel veterinary therapeutics, vaccines, and diagnostics continues to grow, companies seek specialized expertise and infrastructure to conduct preclinical and clinical studies, safety assessments, and regulatory submissions for new products. Veterinary CROs offer a range of services, including study design, laboratory testing, animal modeling, and regulatory support, enabling clients to accelerate product development timelines, mitigate risks, and optimize resource allocation. This trend towards outsourcing reflects the strategic imperative of pharmaceutical and biotechnology companies to focus on core competencies, leverage external partnerships, and access specialized capabilities in veterinary medicine to bring innovative products to market efficiently.

Veterinary CRO Market Driver: Growing Investments in Animal Health Research and Innovation

A key driver for the Veterinary CRO market is the growing investments in animal health research and innovation by pharmaceutical companies, biotechnology firms, and government agencies to address unmet medical needs, emerging infectious diseases, and public health threats in the veterinary sector. With increasing awareness of the economic, social, and environmental impact of animal diseases on food security, livestock productivity, and zoonotic transmission, there is a heightened emphasis on advancing veterinary science, technology, and therapeutics to improve animal welfare, prevent disease transmission, and ensure sustainable agriculture. Investments in veterinary research and innovation drive demand for CRO services, including preclinical testing, clinical trials, and post-market surveillance, to assess the safety, efficacy, and regulatory compliance of veterinary products, foster collaboration between academia, industry, and regulatory bodies, and accelerate the translation of scientific discoveries into commercialized products for animal health.

Veterinary CRO Market Opportunity: Expansion of Veterinary CRO Services Portfolio and Geographic Reach

An opportunity for Veterinary CROs lies in expanding their services portfolio and geographic reach to address the evolving needs of clients, capitalize on emerging market trends, and diversify revenue streams. By diversifying their service offerings beyond traditional preclinical and clinical research to include specialized areas such as companion animal health, livestock diagnostics, regulatory consulting, and pharmacovigilance, CROs can differentiate themselves in the competitive landscape, attract new clients, and capture a larger share of the veterinary research and development market. Additionally, expanding geographic reach through strategic partnerships, acquisitions, or establishment of new facilities in key veterinary markets can enhance access to clients, leverage local expertise, and facilitate compliance with regulatory requirements in different regions. By proactively adapting to market dynamics, Veterinary CROs can position themselves for sustained growth, foster innovation, and contribute to advancements in animal health and welfare globally.

Veterinary CRO Market Share Analysis: Oncology Services is the fastest growing market segment over the forecast period to 2030

Within the Veterinary CRO by Service segmentation, oncology services emerge as a fast-growing segment. As the prevalence of cancer in companion animals, particularly dogs and cats, continues to rise, there is an increasing demand for specialized veterinary oncology services. Veterinary CROs offering oncology services play a crucial role in conducting clinical trials for novel cancer treatments, providing toxicology assessments for new oncology drugs, and assisting in market authorization and regulatory support for cancer therapies. Additionally, the complexity of cancer diagnosis and treatment in animals necessitates specialized expertise in areas such as tumor biology, chemotherapy, radiation therapy, and palliative care. With advancements in veterinary oncology research and the development of innovative cancer treatments tailored to the unique needs of pets, the demand for oncology services from veterinary CROs is expected to experience rapid growth. By focusing on addressing the unmet needs in veterinary oncology and collaborating with pharmaceutical companies, academic institutions, and pet owners, veterinary CROs can contribute significantly to improving cancer care and outcomes for companion animals.

Veterinary CRO Market Segmentation

By Service
Clinical Trials
Toxicology
Market Authorization & Regulatory Support
Others
By Animal
Dogs
Cats
Others
By Indication
Oncology
Infectious Disease
Neurology
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Veterinary CRO Companies

Charles River Laboratories Inc
Clinvet
Klifovet AG
knoell
Lohlein and wolf vet research
Oncovet Clinical Research
Ondax Scientific
Veterinary Research Management
Vetpharm Inc
Vetspin SRL
* List not Exhaustive

Reasons to Buy the Veterinary CRO Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Veterinary CRO Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Veterinary CRO Industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction to 2024 Veterinary CRO Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Veterinary CRO Market Size Outlook, $ Million, 2021 to 2030
3.2 Veterinary CRO Market Outlook by Type, $ Million, 2021 to 2030
3.3 Veterinary CRO Market Outlook by Product, $ Million, 2021 to 2030
3.4 Veterinary CRO Market Outlook by Application, $ Million, 2021 to 2030
3.5 Veterinary CRO Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Veterinary CRO Industry
4.2 Key Market Trends in Veterinary CRO Industry
4.3 Potential Opportunities in Veterinary CRO Industry
4.4 Key Challenges in Veterinary CRO Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Veterinary CRO Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Veterinary CRO Market Outlook by Segments
7.1 Veterinary CRO Market Outlook by Segments, $ Million, 2021- 2030
By Service
Clinical Trials
Toxicology
Market Authorization & Regulatory Support
Others
By Animal
Dogs
Cats
Others
By Indication
Oncology
Infectious Disease
Neurology
Others
8 North America Veterinary CRO Market Analysis and Outlook To 2030
8.1 Introduction to North America Veterinary CRO Markets in 2024
8.2 North America Veterinary CRO Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Veterinary CRO Market size Outlook by Segments, 2021-2030
By Service
Clinical Trials
Toxicology
Market Authorization & Regulatory Support
Others
By Animal
Dogs
Cats
Others
By Indication
Oncology
Infectious Disease
Neurology
Others
9 Europe Veterinary CRO Market Analysis and Outlook To 2030
9.1 Introduction to Europe Veterinary CRO Markets in 2024
9.2 Europe Veterinary CRO Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Veterinary CRO Market Size Outlook by Segments, 2021-2030
By Service
Clinical Trials
Toxicology
Market Authorization & Regulatory Support
Others
By Animal
Dogs
Cats
Others
By Indication
Oncology
Infectious Disease
Neurology
Others
10 Asia Pacific Veterinary CRO Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Veterinary CRO Markets in 2024
10.2 Asia Pacific Veterinary CRO Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Veterinary CRO Market size Outlook by Segments, 2021-2030
By Service
Clinical Trials
Toxicology
Market Authorization & Regulatory Support
Others
By Animal
Dogs
Cats
Others
By Indication
Oncology
Infectious Disease
Neurology
Others
11 South America Veterinary CRO Market Analysis and Outlook To 2030
11.1 Introduction to South America Veterinary CRO Markets in 2024
11.2 South America Veterinary CRO Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Veterinary CRO Market size Outlook by Segments, 2021-2030
By Service
Clinical Trials
Toxicology
Market Authorization & Regulatory Support
Others
By Animal
Dogs
Cats
Others
By Indication
Oncology
Infectious Disease
Neurology
Others
12 Middle East and Africa Veterinary CRO Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Veterinary CRO Markets in 2024
12.2 Middle East and Africa Veterinary CRO Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Veterinary CRO Market size Outlook by Segments, 2021-2030
By Service
Clinical Trials
Toxicology
Market Authorization & Regulatory Support
Others
By Animal
Dogs
Cats
Others
By Indication
Oncology
Infectious Disease
Neurology
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Charles River Laboratories Inc
Clinvet
Klifovet AG
knoell
Lohlein and wolf vet research
Oncovet Clinical Research
Ondax Scientific
Veterinary Research Management
Vetpharm Inc
Vetspin SRL
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Service
Clinical Trials
Toxicology
Market Authorization & Regulatory Support
Others
By Animal
Dogs
Cats
Others
By Indication
Oncology
Infectious Disease
Neurology
Others