Veterinary CRO Market to Reach $1.33 Bn, Globally, by 2026 at 8.1% CAGR, Says Allied Market Research

PORTLAND, Oregon, Jan. 17, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Veterinary CRO Market by Service Type (Clinical Trials, Toxicology, Market Authorization & Regulatory Support and Others), Application (Dogs, Cats, and Others), End User (Oncology, Infectious Diseases, Neurology and Others): Global Opportunity Analysis and Industry Forecast, 2019a??2026". According to the report, the global veterinary CRO industry was pegged at $714 million in 2018, and is projected to $1.33 billion by 2026, registering a CAGR 8.1% from 2019 to 2026.Incentives for market growthRise in ownership of companion animals, increase in animal health expenditure, and surge in prevalence of various diseases among companion animals have boosted the growth of the global veterinary CRO market. However, lack of standardization in veterinary CROs hamper the market growth. On the contrary, rise in awareness regarding animal healthcare is expected to create lucrative opportunities in the near future.Request Sample Report at: trials segment dominated the market
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