The Veterinary Reference Laboratory Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Veterinary Reference Laboratory Market?
The market size of the Veterinary Reference Laboratory Global Market Report 2024 has expanded quickly over the recent years. There is expected growth from $4.33 billion in 2024 to $4.83 billion in 2025, with a compound annual growth rate (CAGR) of 11.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Veterinary Reference Laboratory Industry?
The Veterinary Reference Laboratory Global Market Report is projected to increase to a market size of $7.58 billion by the year 2029. This growth corresponds to a compound annual growth rate (CAGR) of 11.9%.
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What are the Key Growth Drivers Fueling the Veterinary Reference Laboratory Market?
The key drivers in the veterinary reference laboratory market are:
• Increasing globalization of pet trade
• Rising demand for specialized testing services
• Growing focus on preventive healthcare
• Technological innovations and integration of information technology in veterinary care
Global Market Segmentation: Identifying Major Veterinary Reference Laboratory Industry 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
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What are the Emerging Trends Shaping the Future of the Veterinary Reference Laboratory Market?
The key trends in the polyglycerol market are:
• Technological innovations in the sector are shaping its future.
• The integration of information technology is becoming more prevalent.
• There's an emerging trend of increasing telemedicine in veterinary care.
• There is a focus on expanding the test menu and specialization in veterinary services.
Who Are the Top Competitors & Leading Players in the Veterinary Reference Laboratory Market?
Major companies in the veterinary reference laboratory market are:
• 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
Regional Dominance: Which Area Leads the Global Veterinary Reference Laboratory Market?
North America was the largest region in the veterinary reference laboratory market in 2024
