Veterinary CRO and CDMO Market Size

Veterinary CRO and CDMO Market Size

Veterinary CRO and CDMO Market size was valued at USD 6.2 billion in 2023 and is estimated to grow at 8.7% CAGR from 2024 to 2032. The market has seen substantial growth due to the increasing prevalence of diseases in animals such as cancer and zoonotic infections. This has led to an increased need for advanced veterinary pharmaceuticals and biologics.

To get key market trends

  Download Free Sample

Also, the increased focus on pet healthcare and the rising livestock population are further driving the demand for innovative treatments. This need for advanced therapies has intensified research and development activities to expedite drug development. Therefore, pharmaceutical and biotechnology companies are increasingly relying on specialized CROs and CDMOs to leverage their expertise, accelerate development timelines, ensure regulatory compliance, and efficiently bring high-quality animal health products to market. Thus, widespread adoption of CRO and CDMO services will spur the market growth.
 

Veterinary CROs & CDMOs are specialized service providers in the animal healthcare industry. Veterinary CROs offer research, development, and regulatory services for drugs, and biologics intended for animals. They conduct preclinical and clinical trials, manage regulatory submissions, and provide expertise in veterinary drug development. Whereas, veterinary CDMOs focus on the manufacturing and production of veterinary drugs and biologics, offering services from small-scale production to large-scale commercial manufacturing.