Veterinary Reference Laboratory Market Report Overview
The analysis examines current and future conditions in the Veterinary Reference Laboratory Market, giving unique insights and up-to-date data across major segments. The report includes crucial research topics in the Veterinary Reference Laboratory market, including revenue generation, sales, and overall income. To offer a comprehensive perspective, the report covers two separate scenarios that cover the whole Veterinary Reference Laboratory market, including estimated Veterinary Reference Laboratory sales during the forecast period.
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Veterinary Reference Laboratory Market Report Scope and Research Methodology:
The primary purpose of the Veterinary Reference Laboratory market study is to provide a thorough analysis in clear and simple terms. The analysis covers all of the major companies and essential features of the Veterinary Reference Laboratory market, assessing numerous metrics such as volume, share, growth, and strategy. This research not only helps established organisations refine their operating plans, but it also provides strategic recommendations to new entrants. MMR’s research delves deeply into the Veterinary Reference Laboratory market, identifying the leading worldwide businesses based on parameters such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and potential Veterinary Reference Laboratory market entrants. Furthermore, the global research for the Veterinary Reference Laboratory market provides a detailed breakdown of regional share distribution, as well as an examination of development drivers in each area.
Market Drivers:
The number of companion animals, such as dogs and cats, has expanded significantly over time. According to the American Pet Products Association’s (APPA) National Pet Owners Survey 2019-2021, 67% of US households, or around 85 million families, have a pet. Furthermore, the European Pet Food Industry Federation (FEDIAF) estimates that 88 million households in Europe would have pets by 2021. In the United States, the number of dogs increased from 70 million in 2018 to 90 million in 2020, while the number of cats increased from 78.05 million in 2019 to 96.2 million by 2021. Brazil has 64.2 million dogs, 42.8 million birds, 25 million cats
Veterinary Reference Laboratory Market Segmentation:
by Animal Type
Production Animals
Companion Animals
The Veterinary Reference Laboratory Market is divided into two segments based on the type of animal: production animals and companion animals. Because of the growing demand for milk, meat, and other animal products, production animals will dominate the industry in terms of animal type share in 2019. The use of VRL for animal health is projected to increase as governments work to ensure global food security and sustainability. Global regulatory organisations aspire for comprehensive food security. Massive food production is predicted to rise as a result, increasing the demand for producing animals.
by Application
Clinical Pathology
Toxicology
Productivity Testing
Others
The Veterinary Reference Laboratory Market is divided into four segments based on application: clinical pathology, toxicology, productivity testing, and others. Because pathology tests are commonly employed for routine pet health monitoring, the clinical pathology segment has the most revenue share as of 2022. Clinical pathology laboratories provide routine animal blood analysis testing to clients of referring physicians as well as veterinarians themselves. These labs offer a variety of tests, including coagulation profiles, chemical analysis, complete blood cell counts, blood gas analyses, cross matching, endocrine testing, urinalysis, and cytology investigations. They also give veterinary clinical pathologist consultation services.
by Service Type
Clinical Chemistry
Hematology
Immunodiagnostics
Others
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Veterinary Reference Laboratory Market Regional Insights:
The North America region dominated the market with a 39 % share in 2022. The North America region is expected to witness significant growth at a CAGR of 8.5% through the forecast period. The increased proportion of the category is due in part to the presence of well-known businesses, improved healthcare infrastructure, and high healthcare costs. Due to the existence of unmet clinical requirements, an increase in healthcare spending, and the construction of VRLs by key international companies in this area, the Asia Pacific is expected to have profitable growth throughout the forecast period. Increased R&D spending by major competitors in the international market, together with persistent attempts to commercialize veterinary diagnostics & monitoring services at reasonably cheap costs, are the two factors driving the business in the Asia Pacific region.
Veterinary Reference Laboratory Market Key Players:
1. IDEXX Laboratories, Inc.
2. VCA, Inc.
3. GD Animal Health
4. Boehringer Ingelheim
5. Zoetis Inc.
6. NEOGEN Corporation
7. LABOKLIN GmbH
8. SYNLAB International GmbH
9. Heska Corporation
10.Virbac
11.Thermo Fisher Scientific, Inc.
12.Texas A&M Veterinary Medical Diagnostic Laboratory
13.University of Minnesota
14.Iowa State University
15.Vetnostics
16.Animal Health Diagnostic Center
17.Colorado State University
18.The Pirbright Institute
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Table of Content: Veterinary Reference Laboratory Market
Part 01: Executive Summary
Part 02: Scope of the Veterinary Reference Laboratory Market Report
Part 03: Veterinary Reference Laboratory Market Landscape
Part 04: Veterinary Reference Laboratory Market Sizing
Part 05: Veterinary Reference Laboratory Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Offerings:
- Past Market Size and Competitive Landscape (2023-2029)
- Past Pricing and price curve by region (2023-2029)
- Market Size, Share, Size Forecast by different segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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