The increasing number of pet owners globally and the rise in veterinary R&D are the key trends driving the growth of the veterinary clinicals trials market.

NEW YORK CITY, NY, UNITED STATES, September 9, 2024 /EINPresswire.com/ -- 𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡’𝐬 𝐥𝐚𝐭𝐞𝐬𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐭𝐡𝐞 𝐯𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐜𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐭𝐫𝐢𝐚𝐥𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 4,391.03 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 2023. 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐭𝐨 𝐔𝐒𝐃 10,168.89 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2032, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 9.8% 𝐟𝐫𝐨𝐦 2024 𝐭𝐨 2032.

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐕𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐓𝐫𝐢𝐚𝐥𝐬?
Veterinary clinical trials are research studies that test the effectiveness and safety of new approaches to animal care. These trials aim at finding novel ways for diagnosing, preventing and treating diseases in animals. Veterinary clinical trials can involve a variety of animals, including horses, dogs, cats, and livestock. These trials are usually conducted in multiple phases. They first start with small-scale studies and then go on to large-scale studies.
Clinical trials can help improve the quality of life for animals. Along with improving animal health, the data generated by veterinary clinical trials can help inform human clinical studies. The increased investment in research and development initiatives and rising global awareness of animal welfare are anticipated to drive the veterinary clinical trials market demand.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/veterinary-clinical-trials-market/request-for-sample

𝐊𝐞𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
• The market was valued at USD 4,391.03 million in 2023 and is projected to grow to USD 10,168.89 million by 2032.
• Digital health solutions, personalized medicine, and genetic testing are transforming veterinary care and creating new avenues for targeted therapies.
• The market is primarily segmented based on animal type, indication, intervention, and end user.
• North America accounted for the largest market share in 2023.

𝐓𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
The veterinary clinical trials market key players are:
• Argenta
• Bioagile Therapeutics Pvt. Ltd.
• Boehringer Ingelheim International GmbH.
• Charles River Laboratory
• Clinvet
• IDEXX Laboratories, Inc.
• Labcorp Drug Development
• Merck & Co., Inc.
• Ondax Scientific
• Vivesto AB

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/veterinary-clinical-trials-market/request-for-discount-pricing

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:
Rise in Veterinary R&D: The rise in veterinary R&D is one of the major factors propelling the veterinary clinical trials market growth. With the evolution of veterinary medicines, there is a growing emphasis on developing advanced treatments and therapies for animals.

Growing Pet Ownership: The rising number of pet owners across the globe and increased spending on pet care has led to increased demand for veterinary treatment, thereby driving the expansion of the market.

Increased Outsourcing: With more organizations seeking specialized expertise and access to advanced facilities, there has been an increase in the outsourcing of veterinary clinical trials. Besides, academic institutions and other facilities are increasingly relying on contract research organizations to conduct efficient and effective trials.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
North America: North America accounted for the largest veterinary clinical trials market share. The region has the presence of a highly developed healthcare infrastructure. Also, the presence of major companies further boosts the dominance of the region in the market.

Asia Pacific: Asia Pacific is poised to register a significant CAGR from 2024 to 2032. This is because the region has a growing livestock sector that demands effective treatment for various conditions. Also, the expansion of veterinary pharmaceutical companies has driven increased investment in R&D in the region.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐞𝐟𝐨𝐫𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/veterinary-clinical-trials-market/inquire-before-buying

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
By Animal Type Outlook
• Livestock Animal
• Companion Animal
• Other Animals

By Intervention Outlook
• Medicines
• Medical Device
• Others

By Indication Outlook
• Orthopedics
• Oncology
• Cardiology
• Ophthalmology
• Neurology
• Dermatology
• Internal Medicine
• Other Indication

By End User Outlook
• Academics And Research Centers
• Pharmaceutical And Biopharmaceutical Companies
• Others

By Regional Outlook
• North America
o US
o Canada

• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific

• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

𝐁𝐫𝐨𝐰𝐬𝐞 𝐏𝐌𝐑'𝐬 𝐕𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐓𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐟𝐫𝐨𝐦 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:
𝐆𝐥𝐨𝐛𝐚𝐥 𝐕𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐓𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐢𝐬 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐇𝐢𝐭 𝐔𝐒𝐃 10,168.89 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2032, 𝐖𝐢𝐭𝐡 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 9.8% 𝐅𝐫𝐨𝐦 2024 𝐭𝐨 2032

𝐅𝐀𝐐𝐬
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐯𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐜𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐭𝐫𝐢𝐚𝐥𝐬 𝐦𝐚𝐫𝐤𝐞𝐭?
The global market is projected to register a CAGR of 9.8% from 2024 to 2032.

𝐖𝐡𝐢𝐜𝐡 𝐫𝐞𝐠𝐢𝐨𝐧 𝐥𝐞𝐝 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 2023?
North America dominated the market in 2023.

𝐖𝐡𝐢𝐜𝐡 𝐚𝐧𝐢𝐦𝐚𝐥 𝐭𝐲𝐩𝐞 𝐡𝐞𝐥𝐝 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐯𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐜𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐭𝐫𝐢𝐚𝐥𝐬 𝐦𝐚𝐫𝐤𝐞𝐭?
In 2023, the companion animal segment witnessed the largest market share.

𝐖𝐡𝐢𝐜𝐡 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐲 𝐡𝐞𝐥𝐝 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐯𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐜𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐭𝐫𝐢𝐚𝐥𝐬 𝐦𝐚𝐫𝐤𝐞𝐭?
The oncology segment accounted for the largest market share in 2023.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
𝐔𝐝𝐝𝐞𝐫 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/udder-health-market

𝐕𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐄𝐱𝐜𝐢𝐩𝐢𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/veterinary-excipients-market

𝐃𝐚𝐢𝐫𝐲 𝐇𝐞𝐫𝐝 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/dairy-herd-management-market

𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐓𝐫𝐢𝐚𝐥 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/clinical-trial-imaging-market

𝐂𝐨𝐬𝐦𝐞𝐭𝐨𝐯𝐢𝐠𝐢𝐥𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/cosmetovigilance-market

𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

Likhil G
Polaris Market Research and Consulting
+1 929-297-9727
sales@polarismarketresearch.com
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