Global Veterinary Clinical Trials Market Size & Outlook

The veterinary clinical trials industry worldwide is expected to reach a projected revenue of US$ 8,994.8 millions by 2030. A compound annual growth rate of 8.9% is expected of the worldwide veterinary clinical trials industry from 2024 to 2030.
Revenue, 2023 (US$Ms)
$4,939.4
Forecast, 2030 (US$Ms)
$8,994.8
CAGR, 2024 - 2030
8.9%
Report Coverage
Worldwide

Global veterinary clinical trials market, 2018-2030 (US$Ms)

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 2023USD 4,939.4 millions
Market revenue in 2030USD 8,994.8 millions
Growth rate8.9% (CAGR from 2023 to 2030)
Largest segmentCompanion animal
Fastest growing segmentCompanion Animal
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD millions
Market segmentationCompanion 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 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
  • 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

  • Our clientele includes a mix of veterinary clinical trials market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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)

Global veterinary clinical trials market size, by regions, 2018-2030 (US$Ms)

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