Press release
Veterinary Clinical Trials Market Poised to Achieve USD 10,168.89 million by 2032, Growing at a 9.8% CAGR | Key Players- Argenta, Bioagile Therapeutics Pvt. Ltd, Vivesto AB
Veterinary Clinical Trials Market
๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐ซ๐๐ฌ๐ฌ๐๐ฌ:
โข The global veterinary clinical trials market size was valued at USD 4,391.03 million in 2023 and is expected to grow to USD 10,168.89 million by 2032.
โข The market is anticipated to exhibit a CAGR of 9.8% during the forecast period.
โข The market is mainly segmented on the basis of animal type, intervention, end-user, indication, and region.
โข The veterinary clinical trials market in the Asia-Pacific region is projected to increase at a substantial CAGR between 2024 and 2032 as a result of the expanding livestock sector in the area seeking efficient therapies for different illnesses impacting farm animals.
๐๐ฅ๐๐ข๐ฆ ๐๐จ๐ฎ๐ซ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐๐๐ฒ: https://www.polarismarketresearch.com/industry-analysis/veterinary-clinical-trials-market/request-for-sample
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Clinical trials for animals are scientific experiments that evaluate the safety and efficiency of novel healthcare methods. Veterinary clinical trials frequently involve comparing a new treatment with an existing one to determine the most effective treatments on the market. Each veterinary clinical study has a specific protocol that outlines the rules for carrying out the study. The protocol outlines the procedures, methods, participant eligibility, and rationale for each aspect of the study.
๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
In this extremely competitive industry, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. The report has covered the major players operating in the veterinary clinical trials industry:
โข Argenta
โข Charles River Laboratory
โข Clinvet
โข Labcorp Drug Development
โข Ondax Scientific
โข Vivesto AB
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐จ๐ฎ๐ซ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.polarismarketresearch.com/buy/3965/2
๐๐๐ฒ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข What are the key drivers and challenges in the Veterinary Clinical Trials Market?
โข What is the current market size and projected value?
โข What are the consumer behavior and preferences in the market?
โข Which region is anticipated to witness the fastest market growth?
โข What are the latest industry trends businesses can use to generate new revenue streams?
โข What are the current trends and future prospects for the market?
โข How will strategic development shape the market demand over the forecast period?
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
The veterinary clinical trials industry is experiencing significant growth due to the rising number of pet owners globally, coupled with higher spending on pet healthcare. It boosts the demand for improved veterinary treatments and drives clinical trial activities. With more households adopting pets, there is a parallel increase in the demand for veterinary services, including preventive care, treatments, and therapeutic interventions. This heightened demand necessitates the development and testing of new veterinary drugs, vaccines, and medical devices through clinical trials.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/veterinary-clinical-trials-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Veterinary Clinical Trials, Animal Type Outlook (Revenue - USD Million, 2019 - 2032)
Livestock Animal
Companion Animal
Other Animals
Veterinary Clinical Trials, Intervention Outlook (Revenue - USD Million, 2019 - 2032)
Medicines
Medical Device
Others
Veterinary Clinical Trials, Indication Outlook (Revenue - USD Million, 2019 - 2032)
Orthopedics
Oncology
Cardiology
Ophthalmology
Neurology
Dermatology
Internal Medicine
Other Indication
Veterinary Clinical Trials, End-User Outlook (Revenue - USD Million, 2019 - 2032)
Academics And Research Centers
Pharmaceutical And Biopharmaceutical Companies
Others
๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐ฅ๐ข๐ง๐ข๐๐๐ฅ ๐๐ซ๐ข๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข In 2023, the companion animal segment accounted for the largest market share due to a rise in pet ownership globally, driven by changing lifestyles, urbanization, and increased disposable income.
โข The oncology segment accounted for the largest market share in 2023 due to the significant prevalence of cancer in companion animals and livestock, leading to a pressing need for effective treatments.
โข In 2023, North America dominated the largest market due to well-developed infrastructure for veterinary healthcare, including advanced clinics, hospitals, and research institutions.
โข The Asia Pacific veterinary clinical trials market is expected to grow at a significant CAGR during the forecast period. Pharmaceutical companies and biotech firms are increasingly investing in research and development (R&D) initiatives in Asia Pacific.
๐๐๐ฏ๐ ๐ ๐๐จ๐จ๐ค ๐๐ญ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐จ๐ฆ๐๐ข๐ง:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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.
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