Canada Veterinary Cro And Cdmo Market Size & Outlook
Canada veterinary cro and cdmo market, 2018-2030 (US$Ms)
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Canada veterinary cro and cdmo market highlights
- The Canada veterinary cro and cdmo market generated a revenue of USD 228.4 millions in 2022 and is expected to reach USD 492.5 millions by 2030.
- The Canada market is expected to grow at a CAGR of 10.1% 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 228.4 millions |
| Market revenue in 2030 | USD 492.5 millions |
| Growth rate | 10.1% (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, Canada accounted for 3.9% 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 North America, U.S. veterinary cro and cdmo market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 492.5 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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Canada 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 59.63% in 2022. Horizon Databook has segmented the Canada veterinary cro and cdmo market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Over the past three decades, Canada's veterinary CRO and CDMO market has experienced steady growth. This growth can be attributed to the widespread use of veterinary outsourcing services, which leverage the therapeutic expertise of CDMOs and CROs, their technical proficiency, high reliability, quality, and cost-effectiveness in outsourcing key processes of product development.
In addition, the market is expected to be fueled by the improved geographic convenience provided by local players. IDEXX BioAnalytics is a prime example of a company that contributes to this growth by offering comprehensive animal health monitoring services.
The company’s team of research experts specializes in the biomedical, veterinary, and life sciences areas. It also offers pathology services, support for veterinary clinical trials, and microbiome & biological materials testing.
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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 Canada veterinary cro and cdmo market , including forecasts for subscribers. This country databook contains high-level insights into Canada veterinary cro and cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada veterinary cro and cdmo market size, by animal type, 2018-2030 (US$Ms)
Canada Veterinary CRO And CDMO Market Outlook Share, 2022 & 2030 (US$Ms)
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