North America Veterinary Cro And Cdmo Market Size & Outlook
North America veterinary cro and cdmo market, 2018-2030 (US$Ms)
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North America veterinary cro and cdmo market highlights
- The North America veterinary cro and cdmo market generated a revenue of USD 1,969.5 millions in 2022.
- The market is expected to grow at a CAGR of 8% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,969.5 millions |
| Market revenue in 2030 | USD 3,656.1 millions |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Livestock animals |
| Fastest growing segment | Companion Animals |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 33.9% of the global veterinary cro and cdmo market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,276.9 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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North America 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 59.68% in 2022. Horizon Databook has segmented the North America veterinary cro and cdmo market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Growth in the region can be attributed to several factors, including the strong presence of key companies, a surge in drug development initiatives, and the launch of veterinary products. The U.S. has witnessed a significant upswing in veterinary clinical trial activities, accompanied by the availability of contract organizations in veterinary product development.
Moreover, developed countries in North America have made significant improvements in their manufacturing infrastructure, boosting the market. Furthermore, rising animal healthcare investments are another factor contributing to market growth. With an increase in pet ownership and growing trend of pet humanization, the veterinary sector has experienced a surge in spending.
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Target buyers of North America veterinary cro and cdmo market databook
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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 continent-level data and insights on the North America veterinary cro and cdmo market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary cro and cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary cro and cdmo market size, by country, 2018-2030 (US$Ms)
North America Veterinary CRO And CDMO Market Outlook Share, 2022 & 2030 (US$Ms)
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