Brazil Veterinary Cro And Cdmo Market Size & Outlook
Brazil veterinary cro and cdmo market, 2018-2030 (US$Ms)
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Brazil veterinary cro and cdmo market highlights
- The Brazil veterinary cro and cdmo market generated a revenue of USD 190.8 millions in 2022 and is expected to reach USD 372.7 millions by 2030.
- The Brazil market is expected to grow at a CAGR of 8.7% from 2023 to 2030.
- In terms of segment, livestock animals was the largest revenue generating animal type in 2022.
- Companion Animals is the most lucrative animal type segment registering the fastest growth during the forecast period.
Veterinary cro and cdmo market data book summary
| Market revenue in 2022 | USD 190.8 millions |
| Market revenue in 2030 | USD 372.7 millions |
| Growth rate | 8.7% (CAGR from 2022 to 2030) |
| Largest segment | Livestock animals |
| Fastest growing segment | Companion Animals |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Companion Animals, Livestock Animals |
| Key market players worldwide | Labcorp Holdings Inc, Charles River Laboratories International Inc, Hannover Rueck SE, Inotiv Inc, IDEXX Laboratories Inc, Zoetis Inc Class A, Swedencare AB, Clinvet, Oncovet Clinical Research, knoell, Vetspin |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.3% of the global veterinary cro and cdmo market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil veterinary cro and cdmo market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 212.4 millions by 2030.
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Veterinary CRO And CDMO Market Scope
Veterinary CRO And CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil veterinary cro and cdmo 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 cro and cdmo market will help companies and investors design strategic landscapes.
Livestock animals was the largest segment with a revenue share of 59.59% in 2022. Horizon Databook has segmented the Brazil veterinary cro and cdmo market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for livestock veterinary services is the primary factor expected to drive the market in Brazil. The country’s anticipated market growth can be attributed to the large cattle and pet population.
For instance, according to the United States Department of Agriculture, the country was projected to witness increase in cattle herd by 4% in 2021 and 2022. The same source also suggests that the advancing pasture quality & veterinary care improvements in the country’s farm environments influenced high livestock production rates between 2021 and 2022.
The large animal population creates opportunities for CROs to offer services such as clinical trials, drug development, and manufacture for various animal health sectors.
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Our clientele includes a mix of veterinary cro and cdmo market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil veterinary cro and cdmo market , including forecasts for subscribers. This country databook contains high-level insights into Brazil veterinary cro and cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil veterinary cro and cdmo market size, by animal type, 2018-2030 (US$Ms)
Brazil Veterinary CRO And CDMO Market Outlook Share, 2022 & 2030 (US$Ms)
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