The Veterinary CRO And CDMO Global Market Report 2023, provides comprehensive information on the veterinary cro and cdmo market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global veterinary CRO and CDMO market is expected to grow from $5.86 billion in 2022 to $6.44 billion in 2023 at a compound annual growth rate (CAGR) of 9.99%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The veterinary CRO and CDMO market is expected to reach $9.03 billion in 2027 at a CAGR of 8.80%.
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Product innovations are the key trend gaining popularity in the veterinary CRO and CDMO market. Companies operating in the veterinary CRO and CDMO markets are focusing on product innovations to sustain their position in the market. For instance, in June 2022, Vetio, a US-based Contract Development and Manufacturing Organization (CDMO) dedicated to animal health, has been granted an Intention to Grant by the European Patent Office (EPO) and a Notice of Allowance by the United States Patent Office (USPTO) for its Starch-Free Soft Chew designed for veterinary applications. Vetio’s Soft Chew Technology platform, specifically developed for animal health, is excellently tailored to deliver one or more active ingredients in a high-quality dosage form suitable for veterinary pharmaceutical use. Vetio’s innovative composition and manufacturing process is free from starch and added water, making it highly suitable for moisture-sensitive active ingredients.
The veterinary cro and cdmo market is segmented:
1) By Service Type: Discovery, Development, Manufacturing, Packaging And Labeling, Market Approval And Post-marketing
2) By Animal Type: Companion Animals, Livestock Animals
3) By Application: Medicines, Medical Devices, Pharmaceuticals, Biologics, Other Applications
North America was the largest region in the veterinary cro and cdmo market in 2022.
The table of contents in TBRC’s veterinary cro and cdmo market report includes:
1. Executive Summary
2. Veterinary CRO And CDMO Market Characteristics
3. Veterinary CRO And CDMO Market Trends And Strategies
4. Veterinary CRO And CDMO Market – Macro Economic Scenario
5. Veterinary CRO And CDMO Market Segmentation
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26. South America Veterinary CRO And CDMO Market
27. Brazil Veterinary CRO And CDMO Market
28. Middle East Veterinary CRO And CDMO Market
29. Africa Veterinary CRO And CDMO Market
30. Veterinary CRO And CDMO Market Competitive Landscape And Company Profiles
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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