Global Veterinary Clinical Trials Market Size & Outlook
Global veterinary clinical trials market, 2018-2030 (US$Ms)
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Global veterinary clinical trials market highlights
- The global veterinary clinical trials market generated a revenue of USD 4,939.4 millions in 2023 and is expected to reach USD 8,994.8 millions by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.9% by 2030.
- In terms of segment, companion animal accounted for a revenue of USD 3,032.1 millions in 2023.
- Companion Animal is the most lucrative animal type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,939.4 millions |
| Market revenue in 2030 | USD 8,994.8 millions |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Companion animal |
| Fastest growing segment | Companion Animal |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Companion Animal, Livestock Animal, Other Animals |
Other key industry trends
- In terms of revenue, the North America accounted for 33.7% of the global veterinary clinical trials market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 24.3 millions by 2030.
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Veterinary Clinical Trials Market Scope
Veterinary Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global veterinary clinical trials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary clinical trials market will help companies and investors design strategic landscapes.
Companion animal was the largest segment with a revenue share of 61.39% in 2023. Horizon Databook has segmented the Global veterinary clinical trials market based on companion animal, livestock animal, other animals covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Veterinary Clinical Trials Animal Type Outlook (Revenue, USD Millions, 2018-2030)
- Companion Animal
- Canine
- Feline
- Equine
- Livestock Animal
- Other Animals
- Companion Animal
- Global Veterinary Clinical Trials Indication Outlook (Revenue, USD Millions, 2018-2030)
- Oncology
- Internal medicine
- Orthopedics
- Cardiology
- Neurology
- Ophthalmology
- Dermatology
- Other indication
- Global Veterinary Clinical Trials Intervention Type Outlook (Revenue, USD Millions, 2018-2030)
- Medicines
- Medical Device
- Others
- Global Veterinary Clinical Trials Sponsor Outlook (Revenue, USD Millions, 2018-2030)
- Pharmaceutical and Biopharmaceutical companies
- Academics and Research centers
- Others
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Target buyers of Global veterinary clinical trials market databook
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Our clientele includes a mix of veterinary clinical trials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global veterinary clinical trials market, including forecasts for subscribers. This global databook contains high-level insights into Global veterinary clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global veterinary clinical trials market size, by regions, 2018-2030 (US$Ms)
Top 10 countries: Veterinary clinical trials market size, 2023 (US$Ms)
Global veterinary clinical trials market share, by animal type, 2023 & 2030 (%, US$Ms)
Veterinary clinical trials market: Opportunity assessment by country
Global veterinary clinical trials market, by region, 2023 (US$Ms)
| Animal Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 928.5 | 1,119.6 | 1,385.9 | 1,494.3 | 1,560.2 | 1,664.6 | 1,797.6 | 1,944.9 | 2,108.2 | 2,289.8 | 2,492.0 | 2,717.6 | 2,969.8 | 8.6% |
| Europe | 673.6 | 814.5 | 1,011.0 | 1,093.2 | 1,144.6 | 1,224.6 | 1,326.1 | 1,438.8 | 1,564.0 | 1,703.5 | 1,859.1 | 2,033.1 | 2,228.0 | 8.9% |
| Asia Pacific | 691.1 | 844.1 | 1,058.2 | 1,155.7 | 1,222.1 | 1,320.7 | 1,444.5 | 1,583.0 | 1,738.0 | 1,912.0 | 2,107.6 | 2,327.9 | 2,576.6 | 10.0% |
| Latin America | 286.3 | 342.8 | 421.3 | 451.1 | 467.7 | 495.5 | 531.3 | 570.8 | 614.4 | 662.7 | 716.1 | 775.5 | 841.5 | 7.9% |
| MEA | 135.9 | 162.8 | 200.2 | 214.2 | 221.7 | 234.2 | 250.3 | 267.6 | 286.5 | 306.8 | 328.9 | 352.9 | 378.9 | 7.1% |
| Overall | 2,715.3 | 3,283.7 | 4,076.6 | 4,408.4 | 4,616.1 | 4,939.4 | 5,349.8 | 5,805.1 | 6,311.2 | 6,874.8 | 7,503.7 | 8,206.9 | 8,994.8 | 8.9% |
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