Global Veterinary Reference Laboratory Market 2024, Forecast To 2033

27 Feb, 2024

The veterinary reference laboratory market has experienced rapid growth, increasing from $3.9 billion in 2023 to $4.37 billion in 2024, with a CAGR of 12.2%. This growth is attributed to increasing pet ownership, advancements in veterinary medicine, rising awareness of animal health, and government initiatives. Forecasts suggest rapid growth to $6.85 billion in 2028, with a CAGR of 11.9%. The projected growth is linked to increasing globalization of the pet trade, rising demand for specialized testing services, and a growing focus on preventive healthcare. Major trends include technological innovations, integration of information technology, growing telemedicine in veterinary care, globalization of veterinary services, expanding test menu and specialization, and a focus on point-of-care testing.

Global Veterinary Reference Laboratory Market Key Driver

The prevalence of zoonotic diseases propels the growth of the veterinary reference laboratories market. More than 6 out of 10 infectious diseases in humans stem from animals. Veterinary reference laboratories play a crucial role in preventing zoonotic diseases, fostering market growth.

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Global Veterinary Reference Laboratory Market Segments

The veterinary reference laboratory market covered in this report is segmented –
1) By Services: Clinical Chemistry, Hematology, Immunodiagnostics, Urinalysis, Molecular Diagnostics, Other Services
2) By Animal Type: Companion Animals, Livestock Animals
3) By Application: Clinical Pathology, Bacteriology, Parasitology, Virology, Productivity Testing, Pregnancy Testing, Toxicology Testing
4) By End User: Veterinary Hospitals, Veterinary Clinics
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions. North America was the largest region in the veterinary reference laboratory market in 2023. The regions covered in the veterinary reference laboratory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Veterinary Reference Laboratory Industry Players

IDEXX Laboratories Inc.; VCA Animal Hospitals incorporated; Royal GD; C. H. Boehringer Sohn AG & Co. KG; Zoetis Inc.; Neogen Corporation; Laboklin GmbH & Co. KG; SYNLAB International GmbH; Heska Corporation; Virbac Corporation; Thermo Fisher Scientific Inc.; Texas A&M Veterinary Medical Diagnostic Laboratory; University of Minnesota; Iowa State University; Vetnostics; ProtaTek International Inc.; Animal and Plant Health Agency; Animal Health Diagnostic Center; National Veterinary Services Laboratory; Washington Animal Disease Diagnostic Laboratory; Kansas State Veterinary Diagnostic Laboratory; Randox Laboratories Ltd.; Greencross Ltd.; Gribbles Veterinary Pathology Pty. Ltd.; Mars Inc.; Vaxxinova Gmbh; Pirbright Institute; Biobest Laboratories Ltd.; Biovet Private Limited; Fujifilm Holdings Corporation

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Veterinary Reference Laboratory Market Overview

The veterinary reference laboratory refers to facilities that perform key veterinary science duties such as disease diagnosis, treatment options determination, prevention, and monitoring.

Veterinary Reference Laboratory Global Market Report 2023 provides data on the global veterinary reference laboratory market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The veterinary reference laboratory market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.