China Veterinary Cro And Cdmo Market Size & Outlook
China veterinary cro and cdmo market, 2018-2030 (US$Ms)
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China veterinary cro and cdmo market highlights
- The China veterinary cro and cdmo market generated a revenue of USD 507.5 millions in 2022 and is expected to reach USD 1,016.2 millions by 2030.
- The China market is expected to grow at a CAGR of 9.1% 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 507.5 millions |
| Market revenue in 2030 | USD 1,016.2 millions |
| Growth rate | 9.1% (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, China accounted for 8.7% 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 Asia Pacific, China veterinary cro and cdmo market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,007.0 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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China 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 China veterinary cro and cdmo market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Veterinary CDMOs and CROs in China have experienced significant growth in recent years. Some major drivers of the market are rise in pet ownership, China’s growing middle-class population, and increased demand for veterinary services.
For instance, according to a report by QuestMobile, the middle-class group is growing at a year-on-year rate of 15.6%. There is rise in awareness and concern for animal health and welfare in China, leading to increased demand for high-quality veterinary care.
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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 China veterinary cro and cdmo market , including forecasts for subscribers. This country databook contains high-level insights into China veterinary cro and cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China veterinary cro and cdmo market size, by animal type, 2018-2030 (US$Ms)
China Veterinary CRO And CDMO Market Outlook Share, 2022 & 2030 (US$Ms)
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