India Veterinary Cro And Cdmo Market Size & Outlook
India veterinary cro and cdmo market, 2018-2030 (US$Ms)
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India veterinary cro and cdmo market highlights
- The India veterinary cro and cdmo market generated a revenue of USD 453.5 millions in 2022 and is expected to reach USD 1,007.0 millions by 2030.
- The India market is expected to grow at a CAGR of 10.5% 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 453.5 millions |
| Market revenue in 2030 | USD 1,007.0 millions |
| Growth rate | 10.5% (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, India accounted for 7.8% 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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India 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 59.6% in 2022. Horizon Databook has segmented the India veterinary cro and cdmo market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
The growing livestock sector in the country is a major driver of the market. India has a large and continually growing veterinary services sector, driven by the largest livestock population in the world.
According to the data published by Department of Animal Husbandry and Dairying in 2019, the total livestock population in the was 535.82 million, which includes 109.85 million buffaloes, 192.52 million cattle, 9.06 million pigs, 148.88 million goats, 74.26 million sheep, 851.81 million poultry population, and 850,000 other livestock population.
Thus, increased development and production of veterinary drugs, vaccinations, and other animal health products is needed for the expansion of the livestock industry. Veterinary CDMOs and CROs play an important role in catering to the needs of the livestock industry.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the India veterinary cro and cdmo market , including forecasts for subscribers. This country databook contains high-level insights into India veterinary cro and cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India veterinary cro and cdmo market size, by animal type, 2018-2030 (US$Ms)
India Veterinary CRO And CDMO Market Outlook Share, 2022 & 2030 (US$Ms)
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