Global Veterinary CRO and CDMO Market: Trends, Growth, and Forecast
The global veterinary CRO and CDMO market size is expected to reach USD 11.42 billion by 2030, registering a CAGR of 8.94% over the forecast period, according to a new report by Grand View Research, Inc. The market is driven by several factors, including the growing number of expert contract research & manufacturing organizations in developing countries, rising adoption of outsourcing services in key stages of veterinary product developments, increasing animal healthcare investments by major players, and growing demand for novel therapeutic products. In addition, the rising adoption of companion animals and growing demand for animal-derived food products are increasing the need for the mass production of medicines. Therefore, employing the network of third-party Contract Development & Manufacturing Organizations (CDMO) and Contract Research Organizations (CRO) favors the production scale on time with reduced financial risk. The COVID-19 pandemic caused ...