Summary

The Global Veterinary CRO and CDMO Market is valued at approximately USD 6.2 billion in 2023 and is projected to grow with a strong compound annual growth rate of 8.70% during the forecast period from 2024 to 2032. As the veterinary healthcare industry witnesses a paradigm shift toward specialized outsourcing, contract research organizations (CROs) and contract development and manufacturing organizations (CDMOs) have emerged as pivotal stakeholders driving innovation, efficiency, and regulatory compliance. Veterinary CROs and CDMOs serve as strategic partners, enabling pharmaceutical and biotechnology companies to streamline R&D processes, accelerate time-to-market, and reduce operational overhead, particularly in the development of animal health drugs and biologics. This surge in outsourcing demand is underpinned by the global rise in zoonotic diseases, increasing pet adoption rates, and the soaring complexity of veterinary therapeutic pipelines.
The market’s growth trajectory is reinforced by several transformative forces reshaping animal health R&D. On the one hand, the rising cost and regulatory rigor of in-house drug development have propelled both established players and emerging startups to embrace outsourced service models for clinical trials, toxicology studies, quality assurance, and manufacturing. On the other hand, the increasing prevalence of chronic conditions in companion animals has spurred demand for long-acting biologics and specialty drugs—segments where CDMOs play a critical role in formulation, scale-up, and GMP-compliant production. Additionally, veterinary CROs are investing heavily in building species-specific clinical trial models and digital data monitoring solutions to enhance trial accuracy and compliance, ultimately transforming animal health drug development from reactive to proactive.
Notably, the convergence of biopharmaceutical innovation with veterinary care is expanding the scope of CDMOs beyond traditional manufacturing. Today, service providers are increasingly engaged in end-to-end product lifecycle management—from development and analytical testing to regulatory documentation, packaging, and distribution. This full-spectrum service delivery has become especially attractive for multinational pharmaceutical firms that are entering or expanding in the animal health vertical. Furthermore, the increasing emphasis on personalized veterinary medicine and vaccine development has encouraged CDMOs to explore flexible, modular production technologies and invest in cold chain logistics, all of which improve their competitiveness in the evolving market landscape.
Regionally, North America holds the lion’s share of the global veterinary CRO and CDMO market, driven by robust veterinary healthcare infrastructure, strong presence of major pharma manufacturers, and favorable regulatory pathways. Europe follows closely, leveraging its rich ecosystem of animal research institutions, funding support, and growing companion animal population. However, it is Asia Pacific that is poised to witness the fastest growth during the forecast period. This growth is primarily fueled by expanding livestock industries, supportive government policies, increasing investments in biotech innovation, and the emergence of regional CDMO hubs in countries like India and China. Latin America and the Middle East & Africa are gradually catching up, offering promising opportunities through their evolving veterinary regulatory frameworks and demand for affordable animal health solutions.
Major market player included in this report are:
• Zoetis Inc.
• Boehringer Ingelheim International GmbH
• Elanco Animal Health Inc.
• Merck Animal Health
• Virbac
• Norbrook Laboratories
• Argenta
• Evonik Industries AG
• Recipharm AB
• Vetoquinol S.A.
• Nimble Systems Inc.
• KINOMEA
• MedPharm Ltd.
• Cadila Healthcare Ltd. (Zydus Animal Health)
• UPM Pharmaceuticals
The detailed segments and sub-segment of the market are explained below:
By Animal Type
• Companion
• Livestock
By Service Type
Contract Research Organization (CRO)
• Clinical Trials
• Quality Assurance
Contract Development and Manufacturing Organization (CDMO)
• Manufacturing
• Development
• Packaging & Labelling
By Product
• Drugs
• Biologics
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

ページTOPに戻る

Table of Contents

Table of Contents
Chapter 1. Global Veterinary CRO And CDMO Market Executive Summary
1.1. Global Veterinary CRO And CDMO Market Size & Forecast (2022–2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Animal Type
1.3.2. By Service Type
1.3.3. By Product
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Veterinary CRO And CDMO Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Buyer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Stakeholder Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Veterinary CRO And CDMO Market Dynamics
3.1. Market Drivers
3.1.1. Rising Outsourcing of R&D and Manufacturing
3.1.2. Surge in Pet Adoption and Companion Animal Healthcare Spend
3.1.3. Increasing Prevalence of Zoonotic and Chronic Conditions
3.2. Market Challenges
3.2.1. Stringent Regulatory Compliance and Approval Timelines
3.2.2. High Cost of Specialized Trial Models and GMP Facilities
3.3. Market Opportunities
3.3.1. Expansion of CDMO Hubs in Asia Pacific and Latin America
3.3.2. Development of Biologics and Specialty Drug Services
3.3.3. Integration of Digital Trial Monitoring and Data Analytics
Chapter 4. Global Veterinary CRO And CDMO Market Industry Analysis
4.1. Porter’s Five Forces Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s Model
4.1.7. Porter’s Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspectives
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Veterinary CRO And CDMO Market Size & Forecasts by Animal Type 2022–2032
5.1. Segment Dashboard
5.2. Global Market: Animal Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
5.2.1. Companion
5.2.2. Livestock
Chapter 6. Global Veterinary CRO And CDMO Market Size & Forecasts by Service Type 2022–2032
6.1. Segment Dashboard
6.2. Global Market: Service Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
6.2.1. CRO – Clinical Trials
6.2.2. CRO – Quality Assurance
6.2.3. CDMO – Manufacturing
6.2.4. CDMO – Development
6.2.5. CDMO – Packaging & Labelling
Chapter 7. Global Veterinary CRO And CDMO Market Size & Forecasts by Product 2022–2032
7.1. Segment Dashboard
7.2. Global Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million)
7.2.1. Drugs
7.2.2. Biologics
Chapter 8. Global Veterinary CRO And CDMO Market Size & Forecasts by Region 2022–2032
8.1. North America
8.1.1. U.S. Market
8.1.1.1. Animal Type breakdown size & forecasts, 2022–2032
8.1.1.2. Service Type breakdown size & forecasts, 2022–2032
8.1.2. Canada Market
8.2. Europe
8.2.1. UK Market
8.2.2. Germany Market
8.2.3. France Market
8.2.4. Spain Market
8.2.5. Italy Market
8.2.6. Rest of Europe Market
8.3. Asia Pacific
8.3.1. China Market
8.3.2. India Market
8.3.3. Japan Market
8.3.4. Australia Market
8.3.5. South Korea Market
8.3.6. Rest of APAC Market
8.4. Latin America
8.4.1. Brazil Market
8.4.2. Mexico Market
8.5. Middle East & Africa
8.5.1. Saudi Arabia Market
8.5.2. South Africa Market
8.5.3. Rest of MEA Market
Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Zoetis Inc.
9.1.2. Boehringer Ingelheim International GmbH
9.1.3. Elanco Animal Health Inc.
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Zoetis Inc.
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Market Strategies
9.3.2. Boehringer Ingelheim International GmbH
9.3.3. Elanco Animal Health Inc.
9.3.4. Merck Animal Health
9.3.5. Virbac
9.3.6. Norbrook Laboratories
9.3.7. Argenta
9.3.8. Evonik Industries AG
9.3.9. Recipharm AB
9.3.10. Vetoquinol S.A.
9.3.11. Nimble Systems Inc.
9.3.12. KINOMEA
9.3.13. MedPharm Ltd.
9.3.14. Cadila Healthcare Ltd. (Zydus Animal Health)
9.3.15. UPM Pharmaceuticals
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes