×
  • Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Veterinary CRO Market

    ID: MRFR/HC/30425-HCR
    100 Pages
    Rahul Gotadki
    October 2025

    Veterinary CRO Market Research Report By Product Type (Antimicrobials, Anti-inflammatories, Vaccines, Parasite Control Products, Nutritional Supplements), By Animal Type (Companion Animals, Livestock, Equine, Aquatic Animals, Poultry), By Formulation Type (Liquid, Powder, Tablet, Injectable, Topical), By Distribution Channel (Veterinary Clinics, Retail Pharmacies, Online Stores, Direct Sales, Veterinary Hospitals), By End User (Veterinarians, Pet Owners, Farmers, Animal Hospitals, Research Institutions) and By Regional (North America, Europe...

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Veterinary CRO Market Infographic
    Purchase Options

    Veterinary CRO Market Summary

    As per MRFR analysis, the Veterinary CRO Market Size was estimated at 27.27 USD Billion in 2024. The Veterinary CRO industry is projected to grow from 28.33 USD Billion in 2025 to 41.47 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.88 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Veterinary CRO Market is experiencing a transformative shift towards personalized medicine and advanced technologies.

    • The rise of personalized veterinary medicine is reshaping treatment protocols across various animal health sectors.
    • Integration of advanced technologies is enhancing research capabilities and operational efficiencies in veterinary CROs.
    • North America remains the largest market, while the Asia-Pacific region is emerging as the fastest-growing area for veterinary CRO services.
    • Increasing pet ownership and advancements in veterinary research are driving demand for vaccines and anti-inflammatories in companion animals.

    Market Size & Forecast

    2024 Market Size 27.27 (USD Billion)
    2035 Market Size 41.47 (USD Billion)
    CAGR (2025 - 2035) 3.88%

    Major Players

    Covance (US), Charles River Laboratories (US), Eligo Bioscience (FR), Harlan Laboratories (US), MPI Research (US), Wuxi AppTec (CN), Kymab (GB), PRA Health Sciences (US), Eurofins Scientific (LU)

    Veterinary CRO Market Trends

    The Veterinary CRO Market is currently experiencing a dynamic evolution, driven by increasing demand for animal health research and development. This sector plays a crucial role in supporting pharmaceutical companies, biotechnology firms, and academic institutions in their quest to develop innovative treatments and therapies for various animal species. As the global focus on animal welfare intensifies, the need for comprehensive clinical trials and regulatory compliance becomes paramount. Consequently, Veterinary Contract Research Organizations (CROs) are adapting their services to meet these emerging requirements, ensuring that they remain at the forefront of veterinary science. Moreover, the Veterinary CRO Market is witnessing a shift towards more specialized services, including preclinical and clinical trial management, data analysis, and regulatory consulting. This trend reflects a broader recognition of the complexities involved in veterinary medicine and the necessity for tailored solutions. As stakeholders increasingly prioritize efficiency and accuracy in research processes, Veterinary CROs are likely to invest in advanced technologies and methodologies. This ongoing transformation suggests a promising future for the Veterinary CRO Market, characterized by innovation and enhanced collaboration among industry players.

    Rise of Personalized Veterinary Medicine

    The Veterinary CRO Market is observing a notable shift towards personalized veterinary medicine. This trend emphasizes the development of tailored treatment plans based on individual animal needs, which may enhance therapeutic outcomes. As pet owners become more informed and engaged in their animals' health, the demand for customized solutions is likely to grow, prompting CROs to adapt their research methodologies accordingly.

    Integration of Advanced Technologies

    The incorporation of advanced technologies, such as artificial intelligence and big data analytics, is transforming the Veterinary CRO Market. These innovations facilitate more efficient data collection and analysis, enabling quicker decision-making in clinical trials. As a result, Veterinary CROs are increasingly leveraging these tools to improve the accuracy and reliability of their research outcomes.

    Focus on Regulatory Compliance

    Regulatory compliance remains a critical aspect of the Veterinary CRO Market. As global standards evolve, CROs are prioritizing adherence to these regulations to ensure the safety and efficacy of veterinary products. This focus on compliance not only enhances the credibility of research findings but also fosters trust among stakeholders, including regulatory bodies and animal health companies.

    Veterinary CRO Market Drivers

    Increasing Pet Ownership

    The rise in pet ownership is a notable driver for the Veterinary CRO Market. As more households adopt pets, the demand for veterinary services and products escalates. According to recent statistics, pet ownership has surged, with approximately 67% of households owning a pet. This trend is likely to continue, leading to an increased need for veterinary research and development. Consequently, Veterinary CROs are positioned to play a crucial role in supporting the development of new treatments and medications tailored for various animal species. The growing awareness of pet health and wellness further propels this market, as owners seek advanced veterinary care, thereby enhancing the overall demand for Veterinary CRO Market services.

    Regulatory Changes and Compliance

    Regulatory changes and compliance requirements are increasingly shaping the Veterinary CRO Market. As governments and regulatory bodies implement stricter guidelines for veterinary products, the need for CROs to ensure compliance becomes paramount. This trend necessitates that Veterinary CROs invest in robust regulatory affairs capabilities to navigate the complex landscape of veterinary medicine. The emphasis on safety and efficacy in veterinary products is likely to drive demand for CRO services that specialize in regulatory submissions and clinical trials. Consequently, Veterinary CROs that can adeptly manage these regulatory challenges may gain a competitive edge, as they are better equipped to assist clients in bringing their products to market efficiently.

    Focus on Animal Welfare and Ethics

    The growing focus on animal welfare and ethics is a significant driver for the Veterinary CRO Market. As societal attitudes towards animal treatment evolve, there is an increasing demand for research that prioritizes humane practices. This shift influences the types of studies conducted and the methodologies employed by Veterinary CROs. Ethical considerations are becoming integral to veterinary research, prompting CROs to adopt practices that align with these values. The emphasis on humane endpoints and the reduction of animal testing is likely to shape future research protocols. As a result, Veterinary CROs that embrace ethical research practices may not only enhance their reputation but also attract clients who prioritize animal welfare in their product development.

    Advancements in Veterinary Research

    Technological advancements in veterinary research are significantly influencing the Veterinary CRO Market. Innovations such as genomics, proteomics, and bioinformatics are transforming how veterinary studies are conducted. These technologies enable more precise and efficient research methodologies, which are essential for developing new veterinary drugs and therapies. The market for veterinary pharmaceuticals is projected to reach substantial figures, indicating a robust growth trajectory. As Veterinary CROs adopt these advanced technologies, they enhance their capabilities to conduct complex studies, thereby attracting more clients seeking cutting-edge research solutions. This trend not only improves the quality of veterinary care but also fosters a competitive environment among CROs, driving further innovation.

    Rising Demand for Animal Health Products

    The increasing demand for animal health products is a pivotal driver for the Veterinary CRO Market. As awareness of animal health issues grows, there is a corresponding rise in the need for effective vaccines, medications, and diagnostic tools. The animal health market is expected to witness significant growth, with estimates suggesting it could reach billions in revenue. This surge in demand compels Veterinary CROs to expand their research capabilities and develop new products that meet the evolving needs of the market. Furthermore, the focus on preventive care and the treatment of chronic diseases in pets and livestock is likely to drive the demand for innovative solutions, positioning Veterinary CROs as key players in this expanding sector.

    Market Segment Insights

    By Product Type: Vaccines (Largest) vs. Anti-inflammatories (Fastest-Growing)

    The Veterinary CRO Market's product type segment is primarily led by vaccines, which take the largest share due to rising health awareness and the increasing prevalence of zoonotic diseases. Antimicrobials and nutritional supplements also hold significant market positions, but they have been growing at a relatively slower pace. In contrast, anti-inflammatory products are gaining traction, driven by advancements in veterinary medicine and increased pet healthcare spending, further diversifying the market landscape.

    Vaccines (Dominant) vs. Anti-inflammatories (Emerging)

    Vaccines play a dominant role in the Veterinary CRO Market as they are essential for preventing diseases in both livestock and pet populations. Their established efficacy has led to widespread adoption among veterinary practitioners, ensuring consistent demand. On the other hand, anti-inflammatories, while emerging, are becoming increasingly popular due to the growing understanding of their importance in managing chronic pain and inflammation in animals. This shift is fueled by a rise in awareness regarding animal welfare and health, alongside the development of innovative formulations that enhance performance and reduce side effects, ultimately expanding their market presence.

    By Animal Type: Companion Animals (Largest) vs. Livestock (Fastest-Growing)

    In the Veterinary CRO Market, the segment distribution reveals that Companion Animals hold the largest share, reflecting the increasing investment in pet health and wellness. The rising trends in pet ownership and the growing awareness of the importance of veterinary care contribute significantly to this dominance, while other segments, including Livestock, are catching up due to heightened concerns surrounding food safety and animal health regulations. Livestock is emerging as the fastest-growing segment within the Veterinary CRO Market. This growth is driven by factors such as the intensification of farming practices and the demand for sustainable animal farming solutions. Additionally, the integration of advanced veterinary services in livestock farming aims to enhance productivity and welfare, signaling a shift towards more comprehensive animal health management in this sector.

    Companion Animals (Dominant) vs. Livestock (Emerging)

    Companion Animals represent the dominant segment in the Veterinary CRO Market, characterized by a significant focus on enhancing pet healthcare, nutrition, and overall well-being. This segment thrives on the emotional bond between pets and their owners, driving demand for innovative veterinary services and products. Conversely, Livestock is an emerging segment, propelled by increasing consumer awareness of animal welfare and food quality. As the agricultural sector adapts to modern challenges, veterinary CRO services for livestock incorporate cutting-edge technologies to improve health outcomes, thus paving the way for sustainable farming practices and growth in this segment.

    By Formulation Type: Liquid (Largest) vs. Injectable (Fastest-Growing)

    In the Veterinary Contract Research Organization (CRO) market, the formulation types play a critical role in developing effective treatments for animals. The liquid formulation segment currently holds the largest market share, driven by its ease of administration and rapid absorption rates. Conversely, injectable formulations are emerging as the fastest-growing segment due to their effectiveness in delivering vaccines and biologics, fostering higher adoption rates in veterinary practices.

    Liquid (Dominant) vs. Injectable (Emerging)

    Liquid formulations are the dominant player in the Veterinary CRO Market, primarily because they offer convenience and accuracy in dosage, making them ideal for a wide range of veterinary applications. They are particularly beneficial for treating pets who might resist pill forms or injections. On the other hand, injectable formulations are gaining traction as the emerging segment due to their ability to provide rapid therapeutic effects and circumvent gastrointestinal absorption barriers. The growing focus on biologics and the increasing prevalence of infectious diseases in animals are significant factors driving this trend. Additionally, advancements in injecting technologies further enhance their appeal among veterinarians.

    By Distribution Channel: Veterinary Clinics (Largest) vs. Online Stores (Fastest-Growing)

    In the Veterinary CRO Market, distribution channels are critical for ensuring that veterinary services and products reach their target audience efficiently. Veterinary Clinics hold the largest market share, primarily due to their established networks and trusted relationships with pet owners. Retail Pharmacies and Veterinary Hospitals follow, playing significant roles in supporting veterinary care and providing medications. Online Stores are growing rapidly, driven by increased pet healthcare awareness and the convenience of e-commerce, making them a formidable competitor in this space.

    Veterinary Clinics (Dominant) vs. Online Stores (Emerging)

    Veterinary Clinics serve as the cornerstone of the Veterinary CRO Market, offering direct, face-to-face consultations and treatments for pets, thereby fostering strong client relationships. Their dominant position is enhanced by established trust and the personal touch they provide, which is invaluable in pet healthcare. Conversely, Online Stores represent an emerging trend with growing popularity among tech-savvy consumers looking for convenience and competitive pricing. This shift towards digital shopping reflects changing consumer preferences, as more pet owners are utilizing online platforms to access veterinary services and products quickly and efficiently, marking a significant transition in the way veterinary care is delivered.

    By End User: Veterinarians (Largest) vs. Animal Hospitals (Fastest-Growing)

    The Veterinary CRO Market exhibits a diverse distribution of end users, with veterinarians leading as the largest segment. This category encompasses various veterinary professionals delivering essential care to companion and farm animals. Following closely are animal hospitals, which are experiencing rapid growth due to increasing pet ownership and a greater focus on animal health care. Other notable end users include pet owners, farmers, and research institutions, which together contribute significantly to the market dynamics.

    Veterinarians (Dominant) vs. Research Institutions (Emerging)

    Veterinarians hold a dominant position in the Veterinary CRO Market, driven by their pivotal role in delivering clinical trials, pharmacological research, and diagnostic services for animal health. This segment benefits from established relationships with pet owners and animal hospitals, providing a steady influx of cases for research studies. On the other hand, research institutions are emerging as a valuable segment as they collaborate with Veterinary CROs to innovate in veterinary science and develop new therapeutic solutions. Their focus on advanced research and clinical trials in animal welfare positions them to become a vital contributor to the market as the quest for improved animal health therapies continues to grow.

    Get more detailed insights about Veterinary CRO Market

    Regional Insights

    North America : Leading Veterinary Research Hub

    North America is the largest market for Veterinary Contract Research Organizations (CROs), holding approximately 45% of the global market share. The region benefits from advanced research facilities, a strong regulatory framework, and increasing investments in veterinary health. The demand for innovative veterinary drugs and biologics is driving growth, alongside stringent regulations that ensure safety and efficacy in animal health products. The United States is the primary contributor, with key players like Covance, Charles River Laboratories, and PRA Health Sciences leading the market. Canada also plays a significant role, focusing on veterinary research and development. The competitive landscape is characterized by collaborations between CROs and pharmaceutical companies, enhancing service offerings and accelerating product development timelines.

    Europe : Emerging Veterinary Research Market

    Europe is the second-largest market for Veterinary CROs, accounting for approximately 30% of the global share. The region is witnessing a surge in demand for veterinary services driven by increasing pet ownership and a growing focus on animal welfare. Regulatory bodies are enhancing frameworks to support innovation in veterinary medicine, which is expected to further stimulate market growth. Leading countries include Germany, France, and the UK, where companies like Eligo Bioscience and Eurofins Scientific are making significant contributions. The competitive landscape is marked by a mix of established players and emerging firms, fostering innovation and collaboration. The presence of robust regulatory agencies ensures compliance and safety in veterinary research, enhancing the region's attractiveness for CRO services.

    Asia-Pacific : Rapidly Growing Veterinary Sector

    Asia-Pacific is an emerging powerhouse in the Veterinary CRO Market, holding about 20% of the global share. The region is experiencing rapid growth due to increasing livestock production, rising pet ownership, and a growing awareness of animal health. Regulatory reforms are also being implemented to streamline the approval processes for veterinary products, which is expected to boost market dynamics significantly. China and Japan are the leading countries in this region, with companies like Wuxi AppTec playing a pivotal role in advancing veterinary research. The competitive landscape is evolving, with both local and international players vying for market share. The increasing investment in veterinary research and development is expected to enhance service offerings and improve the overall quality of veterinary care in the region.

    Middle East and Africa : Emerging Veterinary Research Opportunities

    The Middle East and Africa (MEA) region is gradually emerging in the Veterinary CRO Market, holding around 5% of the global share. The growth is driven by increasing investments in animal health, rising awareness of veterinary services, and a growing livestock sector. Regulatory bodies are beginning to establish frameworks to support the development and approval of veterinary products, which is expected to enhance market growth in the coming years. Countries like South Africa and the UAE are leading the way in veterinary research, with a focus on improving animal health standards. The competitive landscape is characterized by a mix of local and international players, with opportunities for growth in both the livestock and companion animal sectors. The increasing demand for veterinary services is likely to attract more investments and innovations in the region.

    Veterinary CRO Market Regional Image

    Key Players and Competitive Insights

    The Veterinary Contract Research Organization (CRO) Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for veterinary services and the growing complexity of animal health studies. Key players such as Covance (US), Charles River Laboratories (US), and Wuxi AppTec (CN) are strategically positioning themselves through innovation and partnerships. Covance (US) focuses on enhancing its service offerings in preclinical and clinical research, while Charles River Laboratories (US) emphasizes its capabilities in integrated drug development solutions. Wuxi AppTec (CN) appears to be expanding its global footprint, particularly in Asia, to leverage the burgeoning market for veterinary pharmaceuticals. Collectively, these strategies indicate a trend towards comprehensive service provision, which is likely to intensify competition in the market.

    In terms of business tactics, companies are increasingly localizing their operations to optimize supply chains and reduce costs. The Veterinary CRO Market is moderately fragmented, with a mix of established players and emerging firms. This fragmentation allows for diverse service offerings, yet the influence of major players remains substantial, as they often set industry standards and drive innovation. The competitive structure suggests that while there is room for new entrants, the established companies are likely to maintain a significant share through strategic maneuvers and operational efficiencies.

    In August 2025, Covance (US) announced a partnership with a leading veterinary university to enhance its research capabilities in animal health. This collaboration is expected to facilitate access to cutting-edge research and foster innovation in veterinary drug development. Such strategic alliances not only bolster Covance's research portfolio but also position it as a thought leader in the veterinary CRO space, potentially attracting more clients seeking advanced solutions.

    In September 2025, Charles River Laboratories (US) launched a new suite of services aimed at improving the efficiency of veterinary clinical trials. This initiative reflects a growing trend towards streamlining processes and reducing time-to-market for veterinary products. By enhancing its service offerings, Charles River Laboratories (US) is likely to strengthen its competitive edge, appealing to clients who prioritize speed and efficiency in their research endeavors.

    In July 2025, Wuxi AppTec (CN) expanded its laboratory facilities in Shanghai, focusing on veterinary diagnostics and therapeutics. This expansion is indicative of Wuxi's commitment to meeting the rising demand for veterinary services in Asia. By increasing its operational capacity, Wuxi AppTec (CN) is well-positioned to capture a larger market share, particularly as the region continues to experience growth in animal health expenditures.

    As of October 2025, the Veterinary CRO Market is witnessing significant trends such as digitalization, sustainability, and the integration of artificial intelligence in research processes. These trends are reshaping the competitive landscape, with companies increasingly forming strategic alliances to enhance their technological capabilities. The shift from price-based competition to a focus on innovation and supply chain reliability is becoming evident, suggesting that future competitive differentiation will hinge on the ability to deliver advanced, efficient, and sustainable solutions.

    Key Companies in the Veterinary CRO Market market include

    Industry Developments

    Recent developments in the Veterinary CRO Market indicate a robust growth trajectory, driven by increasing pet ownership and rising concerns regarding animal health. Innovations in veterinary medicine, including advancements in diagnostics and therapeutics, are contributing to market expansion. Regulatory changes aimed at improving veterinary drug approval processes have also fostered a more conducive environment for market participants. The growing emphasis on preventive healthcare for animals is prompting an uptick in demand for vaccines and nutraceuticals. 

    Furthermore, the integration of technology in veterinary practices, such as telemedicine and wearable health monitoring devices, is enhancing service delivery and expanding access to veterinary care. The increasing prevalence of zoonotic diseases is fueling investment in research and development, aiming to address emerging health threats in both animals and humans. Additionally, strategic partnerships between pharmaceutical companies and veterinary clinics are being leveraged to bring innovative solutions to the market, reflecting an ongoing commitment to improving animal healthcare outcomes.

    .webp

    Future Outlook

    Veterinary CRO Market Future Outlook

    The Veterinary CRO Market is projected to grow at a 3.88% CAGR from 2024 to 2035, driven by increasing pet ownership, advancements in veterinary technology, and rising demand for animal health services.

    New opportunities lie in:

    • Development of telemedicine platforms for remote veterinary consultations.
    • Expansion of biologics testing services for companion animals.
    • Investment in AI-driven data analytics for predictive health management.

    By 2035, the Veterinary CRO Market is expected to achieve robust growth, reflecting evolving industry dynamics.

    Market Segmentation

    Veterinary CRO Market End User Outlook

    • Veterinarians
    • Pet Owners
    • Farmers
    • Animal Hospitals
    • Research Institutions

    Veterinary CRO Market Animal Type Outlook

    • Companion Animals
    • Livestock
    • Equine
    • Aquatic Animals
    • Poultry

    Veterinary CRO Market Product Type Outlook

    • Antimicrobials
    • Anti-inflammatories
    • Vaccines
    • Parasite Control Products
    • Nutritional Supplements

    Veterinary CRO Market Formulation Type Outlook

    • Liquid
    • Powder
    • Tablet
    • Injectable
    • Topical

    Veterinary CRO Market Distribution Channel Outlook

    • Veterinary Clinics
    • Retail Pharmacies
    • Online Stores
    • Direct Sales
    • Veterinary Hospitals

    Report Scope

    MARKET SIZE 202427.27(USD Billion)
    MARKET SIZE 202528.33(USD Billion)
    MARKET SIZE 203541.47(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)3.88% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesIntegration of advanced data analytics in Veterinary CRO Market enhances efficiency and accelerates drug development processes.
    Key Market DynamicsRising demand for innovative veterinary treatments drives competitive forces and regulatory adaptations in the Veterinary Contract Research Organization market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Leave a Comment

    FAQs

    What is the projected market valuation of the Veterinary CRO Market by 2035?

    The Veterinary CRO Market is projected to reach a valuation of 41.47 USD Billion by 2035.

    What was the market valuation of the Veterinary CRO Market in 2024?

    In 2024, the Veterinary CRO Market was valued at 27.27 USD Billion.

    What is the expected CAGR for the Veterinary CRO Market during the forecast period 2025 - 2035?

    The expected CAGR for the Veterinary CRO Market during the forecast period 2025 - 2035 is 3.88%.

    Which product type segment is projected to have the highest valuation by 2035?

    The Vaccines segment is projected to reach a valuation of 12.0 USD Billion by 2035.

    What are the key players in the Veterinary CRO Market?

    Key players in the Veterinary CRO Market include Covance, Charles River Laboratories, and Eligo Bioscience, among others.

    How does the valuation of the Companion Animals segment compare to Livestock by 2035?

    By 2035, the Companion Animals segment is projected to be valued at 15.0 USD Billion, surpassing the Livestock segment, which is expected to reach 12.0 USD Billion.

    What is the projected valuation for the Injectable formulation type by 2035?

    The Injectable formulation type is projected to reach a valuation of 10.0 USD Billion by 2035.

    Which distribution channel is expected to show significant growth by 2035?

    Veterinary Clinics are expected to show significant growth, with a projected valuation of 12.5 USD Billion by 2035.

    What is the anticipated market size for Pet Owners as an end user by 2035?

    The anticipated market size for Pet Owners as an end user is projected to be 9.0 USD Billion by 2035.

    How does the market for Nutritional Supplements compare to Anti-inflammatories by 2035?

    By 2035, the market for Nutritional Supplements is projected to reach 6.97 USD Billion, while Anti-inflammatories are expected to reach 6.0 USD Billion.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Compare Licence

    ×
    Features License Type
    Single User Multiuser License Enterprise User
    Price $4,950 $5,950 $7,250
    Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
    Free Customization
    Direct Access to Analyst
    Deliverable Format
    Platform Access
    Discount on Next Purchase 10% 15% 15%
    Printable Versions