Veterinary Clinical Trials Market Forecast 2024-2032: Growing at 9.8% CAGR to Hit US$ 10,168.89 Million
The increasing number of pet owners globally and the rise in veterinary R&D are the key trends driving the growth of the veterinary clinicals trials market.
๐๐ก๐๐ญ ๐๐ซ๐ ๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐ฅ๐ข๐ง๐ข๐๐๐ฅ ๐๐ซ๐ข๐๐ฅ๐ฌ?
Veterinary clinical trials are research studies that test the effectiveness and safety of new approaches to animal care. These trials aim at finding novel ways for diagnosing, preventing and treating diseases in animals. Veterinary clinical trials can involve a variety of animals, including horses, dogs, cats, and livestock. These trials are usually conducted in multiple phases. They first start with small-scale studies and then go on to large-scale studies.
Clinical trials can help improve the quality of life for animals. Along with improving animal health, the data generated by veterinary clinical trials can help inform human clinical studies. The increased investment in research and development initiatives and rising global awareness of animal welfare are anticipated to drive the veterinary clinical trials market demand.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/veterinary-clinical-trials-market/request-for-sample
๐๐๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข The market was valued at USD 4,391.03 million in 2023 and is projected to grow to USD 10,168.89 million by 2032.
โข Digital health solutions, personalized medicine, and genetic testing are transforming veterinary care and creating new avenues for targeted therapies.
โข The market is primarily segmented based on animal type, indication, intervention, and end user.
โข North America accounted for the largest market share in 2023.
๐๐จ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
The veterinary clinical trials market key players are:
โข Argenta
โข Bioagile Therapeutics Pvt. Ltd.
โข Boehringer Ingelheim International GmbH.
โข Charles River Laboratory
โข Clinvet
โข IDEXX Laboratories, Inc.
โข Labcorp Drug Development
โข Merck & Co., Inc.
โข Ondax Scientific
โข Vivesto AB
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/veterinary-clinical-trials-market/request-for-discount-pricing
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
Rise in Veterinary R&D: The rise in veterinary R&D is one of the major factors propelling the veterinary clinical trials market growth. With the evolution of veterinary medicines, there is a growing emphasis on developing advanced treatments and therapies for animals.
Growing Pet Ownership: The rising number of pet owners across the globe and increased spending on pet care has led to increased demand for veterinary treatment, thereby driving the expansion of the market.
Increased Outsourcing: With more organizations seeking specialized expertise and access to advanced facilities, there has been an increase in the outsourcing of veterinary clinical trials. Besides, academic institutions and other facilities are increasingly relying on contract research organizations to conduct efficient and effective trials.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
North America: North America accounted for the largest veterinary clinical trials market share. The region has the presence of a highly developed healthcare infrastructure. Also, the presence of major companies further boosts the dominance of the region in the market.
Asia Pacific: Asia Pacific is poised to register a significant CAGR from 2024 to 2032. This is because the region has a growing livestock sector that demands effective treatment for various conditions. Also, the expansion of veterinary pharmaceutical companies has driven increased investment in R&D in the region.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/veterinary-clinical-trials-market/inquire-before-buying
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
By Animal Type Outlook
โข Livestock Animal
โข Companion Animal
โข Other Animals
By Intervention Outlook
โข Medicines
โข Medical Device
โข Others
By Indication Outlook
โข Orthopedics
โข Oncology
โข Cardiology
โข Ophthalmology
โข Neurology
โข Dermatology
โข Internal Medicine
โข Other Indication
By End User Outlook
โข Academics And Research Centers
โข Pharmaceutical And Biopharmaceutical Companies
โข Others
By Regional Outlook
โข North America
o US
o Canada
โข Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
โข Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific
โข Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa
โข Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐'๐ฌ ๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐ฅ๐ข๐ง๐ข๐๐๐ฅ ๐๐ซ๐ข๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐จ๐ฆ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐๐ฎ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐ฅ๐ข๐ง๐ข๐๐๐ฅ ๐๐ซ๐ข๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ข๐ญ ๐๐๐ 10,168.89 ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ 2032, ๐๐ข๐ญ๐ก ๐ ๐๐๐๐ ๐จ๐ 9.8% ๐ ๐ซ๐จ๐ฆ 2024 ๐ญ๐จ 2032
๐ ๐๐๐ฌ
๐๐ก๐๐ญ ๐ข๐ฌ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ซ๐๐ญ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฏ๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐ฅ๐ข๐ง๐ข๐๐๐ฅ ๐ญ๐ซ๐ข๐๐ฅ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ?
The global market is projected to register a CAGR of 9.8% from 2024 to 2032.
๐๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง ๐ฅ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง 2023?
North America dominated the market in 2023.
๐๐ก๐ข๐๐ก ๐๐ง๐ข๐ฆ๐๐ฅ ๐ญ๐ฒ๐ฉ๐ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฏ๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐ฅ๐ข๐ง๐ข๐๐๐ฅ ๐ญ๐ซ๐ข๐๐ฅ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ?
In 2023, the companion animal segment witnessed the largest market share.
๐๐ก๐ข๐๐ก ๐ข๐ง๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐๐ ๐จ๐ซ๐ฒ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ก๐๐ซ๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฏ๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐ฅ๐ข๐ง๐ข๐๐๐ฅ ๐ญ๐ซ๐ข๐๐ฅ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ?
The oncology segment accounted for the largest market share in 2023.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
๐๐๐๐๐ซ ๐๐๐๐ฅ๐ญ๐ก ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/udder-health-market
๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐ฑ๐๐ข๐ฉ๐ข๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/veterinary-excipients-market
๐๐๐ข๐ซ๐ฒ ๐๐๐ซ๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/dairy-herd-management-market
๐๐ฅ๐ข๐ง๐ข๐๐๐ฅ ๐๐ซ๐ข๐๐ฅ ๐๐ฆ๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/clinical-trial-imaging-market
๐๐จ๐ฌ๐ฆ๐๐ญ๐จ๐ฏ๐ข๐ ๐ข๐ฅ๐๐ง๐๐ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/cosmetovigilance-market
๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
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