PUBLISHER: Grand View Research | PRODUCT CODE: 1750791
PUBLISHER: Grand View Research | PRODUCT CODE: 1750791
The global veterinary CRO and CDMO market size is anticipated to reach USD 11.42 billion by 2030 and is anticipated to expand at a CAGR of 9.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing expenditure on animal healthcare, growing inclination toward outsourcing processes such as research and development, and rising demand for effective animal health solutions worldwide are expected to drive market growth.
Significant investments in developing safe and efficient vaccines to prevent life-threatening diseases in livestock animals, growth in demand for novel medicines designed for companion animals, and an increase in pet ownership influence this market. In addition, the technical competence offered by CROs, advanced equipment capabilities of CDMOs, improved supply chain management, and easy distribution contribute to growth.
Rising collaborations among animal health companies and CROs or CDMOs for various applications, including clinical trials, research, discovery, and development, are likely to develop lucrative opportunities. Noteworthy investments by key market participants in portfolio enhancement, capacity expansion, and improved processes are projected to aid growth over the forecast period.