Asia Pacific Veterinary Clinical Trials Market Size Worth $1,616.85 Million By 2032 | CAGR: 10.2%

The Asia Pacific veterinary clinical trials market size is expected to reach USD  1,616.85 million by 2032, according to a new study by Polaris Market Research. The report “Asia Pacific Veterinary Clinical Trials Market Size, Share, Trends, Industry Analysis Report, By Animal Type (Livestock Animal, Companion Animal, Others Animal); By Intervention; By Indication; By End User; By Country; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing prevalence of animal diseases across the region necessitates continual research and development efforts. This includes the development of new vaccines, therapeutics, and diagnostic tools to address a wide spectrum of conditions affecting companion animals and livestock. Veterinary clinical trials play a crucial role in testing the efficacy, safety, and viability of these innovations, thereby meeting the growing healthcare needs of animals.

Pharmaceutical companies and biotech firms invest significantly in veterinary research and development, driving demand for clinical trials to translate scientific discoveries into practical applications. The globalization of veterinary healthcare services and the increasing adoption of standards for animal health and welfare across regions contribute to the growth of the APAC veterinary clinical trials market.

For instance, Indian Immunologicals Limited (IIL), a Hyderabad-based vaccine manufacturer, is actively engaged in multiple animal vaccine projects. These include Canine 10-in-1 for dogs, Foot Rot for sheep, MegaVac-KeC for dogs, Mastitis 4 in 1 for cattle, Lumpy Skin Disease for cattle, and gE deleted IBR marker vaccine for cattle. These innovative projects are driving the demand in the Asia-Pacific veterinary clinical trials market.

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The rising demand for veterinary clinical trials in the Asia-Pacific region is creating opportunities for new pharmaceutical companies focused on animal health research. As the demand for advanced veterinary medicines, vaccines, and diagnostic tools grows, there is an increased need for innovative solutions to address the diverse health challenges faced by companion animals and livestock. This burgeoning demand is encouraging entrepreneurial ventures to enter the veterinary healthcare sector and focus on developing and testing new products through rigorous clinical trials.

For instance, in 2024, a new veterinary pharmaceutical company named Vetnation Pharma was established in Panchkula, Haryana, India. The expansion of the new pharmaceutical companies contributes to the broader ecosystem of veterinary medicine research and development in the Asia-Pacific region.  

Asia Pacific Veterinary Clinical Trials Market Report Highlights

• The livestock animal segment is expected to witness the fastest CAGR during the forecast period due to the large and growing livestock population. This growth necessitates the development of new veterinary medicines and vaccines to maintain the health and productivity of these animals.  
• In 2023, the dermatology segment accounted for a significant share due to a large number of skin conditions among pets and livestock. Issues such as allergies, infections, parasitic infestations, and autoimmune diseases frequently affect animals, driving the need for effective dermatological treatments.
• The Indian veterinary clinical trials market is expected to witness the fastest-growing CAGR during the forecast period. Increasing urbanization and disposable incomes have led to a significant rise in pet ownership in India. Pet owners are increasingly aware of the need for advanced veterinary care, driving demand for new and effective treatments for companion animals.
• The Japanese veterinary clinical trials market accounted for a significant share in 2023 due to the rising trend of pet ownership. Besides, collaborations between pharmaceutical companies, biotechnology firms, academic institutions, and veterinary hospitals played a crucial role in the regional market expansion.
• The global key market players include Bioagile Therapeutics Pvt. Ltd., Boehringer Ingelheim International GmbH., Labcorp Drug Development, Merck & Co., Inc., knoell, Century Pharmaceuticals Ltd., Vetnation Pharma, Indian Immunologicals Ltd, Venkys India, and Alembic.    

Polaris Market Research has segmented the Asia Pacific veterinary clinical trials market report based on animal type, intervention, indication, end-user, and country:  

Asia Pacific Veterinary Clinical Trials, Animal Type Outlook (Revenue - USD Million, 2019 - 2032)

• Livestock Animal
• Companion Animal
• Others Animals

Asia Pacific Veterinary Clinical Trials, Intervention Outlook (Revenue - USD Million, 2019 - 2032)

• Medicines
• Medical Device
• Others

Asia Pacific Veterinary Clinical Trials, Indication Outlook (Revenue - USD Million, 2019 - 2032)

• Orthopedics
• Oncology
• Cardiology
• Ophthalmology
• Neurology
• Dermatology
• Internal Medicine
• Other Indications

Asia Pacific Veterinary Clinical Trials, End-User Outlook (Revenue - USD Million, 2019 - 2032)

• Academics And Research Centers
• Pharmaceutical And Biopharmaceutical Companies
• Others

Asia Pacific Veterinary Clinical Trials, Country Outlook (Revenue - USD Million, 2019 - 2032)

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

Asia Pacific Veterinary Clinical Trials Report Scope: