Global Veterinary Clinical Trials Market Size & Outlook

The global veterinary clinical trials market size was estimated at USD 4,939.4 millions in 2023 and is projected to reach USD 8,994.8 millions by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
Revenue, 2023 (US$Ms)
$4,939.4
Forecast, 2030 (US$Ms)
$8,994.8
CAGR, 2024 - 2030
8.9%
Report Coverage
Worldwide

Global veterinary clinical trials market, 2018-2030 (US$Ms)

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Global veterinary clinical trials market highlights

  • The global veterinary clinical trials market generated a revenue of USD 4,939.4 millions in 2023 and is expected to reach USD 8,994.8 millions by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 8.9% by 2030.
  • In terms of segment, companion animal accounted for a revenue of USD 3,032.1 millions in 2023.
  • Companion Animal is the most lucrative animal type segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 4,939.4 millions
Market revenue in 2030USD 8,994.8 millions
Growth rate8.9% (CAGR from 2023 to 2030)
Largest segmentCompanion animal
Fastest growing segmentCompanion Animal
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD millions
Market segmentationCompanion Animal, Livestock Animal, Other Animals

Other key industry trends

  • In terms of revenue, the North America accounted for 33.7% of the global veterinary clinical trials market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Kuwait is the fastest growing regional market and is projected to reach USD 24.3 millions by 2030.

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Veterinary Clinical Trials Market Companies

Name Profile # Employees HQ Website
Banco Bilbao Vizcaya Argentaria SA ADR View profile 121563 Calle Azul, 4, Madrid, Spain, 28050 https://www.bbva.com
Vivesto AB ADR View profile 6 Gustav III:s Boulevard 46, 5th Floor, Solna, Sweden, SE-169 73 https://www.vivesto.com
Labcorp Drug Development View profile 10001+ Princeton, New Jersey, United States, North America https://drugdevelopment.labcorp.com
Boehringer Ingelheim View profile 10001+ Ingelheim Am Rhein, Rheinland-Pfalz, Germany, Europe https://www.boehringer-ingelheim.com/
IDEXX Laboratories Inc View profile 11000 One IDEXX Drive, Westbrook, ME, United States, 04092 https://www.idexx.com
Merck & Co Inc View profile 72000 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 https://www.merck.com
Charles River Laboratories International Inc View profile 21400 251 Ballardvale Street, Wilmington, MA, United States, 01887 https://www.criver.com

Global veterinary clinical trials market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary clinical trials market will help companies and investors design strategic landscapes.


Companion animal was the largest segment with a revenue share of 61.39% in 2023. Horizon Databook has segmented the Global veterinary clinical trials market based on companion animal, livestock animal, other animals covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Veterinary Clinical Trials Animal Type Outlook (Revenue, USD Millions, 2018-2030)
    • Companion Animal
      • Canine
      • Feline
      • Equine
    • Livestock Animal
    • Other Animals
  • Global Veterinary Clinical Trials Indication Outlook (Revenue, USD Millions, 2018-2030)
    • Oncology
    • Internal medicine
    • Orthopedics
    • Cardiology
    • Neurology
    • Ophthalmology
    • Dermatology
    • Other indication
  • Global Veterinary Clinical Trials Intervention Type Outlook (Revenue, USD Millions, 2018-2030)
    • Medicines
    • Medical Device
    • Others
  • Global Veterinary Clinical Trials Sponsor Outlook (Revenue, USD Millions, 2018-2030)
    • Pharmaceutical and Biopharmaceutical companies
    • Academics and Research centers
    • Others

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Target buyers of Global veterinary clinical trials market databook

  • Our clientele includes a mix of veterinary clinical trials market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global veterinary clinical trials market, including forecasts for subscribers. This global databook contains high-level insights into Global veterinary clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global veterinary clinical trials market size, by regions, 2018-2030 (US$Ms)

Top 10 countries: Veterinary clinical trials market size, 2023 (US$Ms)

Global veterinary clinical trials market share, by animal type, 2023 & 2030 (%, US$Ms)

Veterinary clinical trials market: Opportunity assessment by country

Global veterinary clinical trials market, by region, 2023 (US$Ms)

Global veterinary clinical trials market size, by regions, 2018-2030 (US$Ms)

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