Veterinary Reference Laboratory Market Report Overview:
The research gives a comprehensive analysis of the Veterinary Reference Laboratory Market, including dynamic patterns, industry landscape, and all main market features. The Veterinary Reference Laboratory market research report also offers a thorough examination of the key players.
A veterinary reference laboratory is a privately owned institution that diagnoses zoonotic diseases in domestic and agricultural animals. The labs test animals for brucellosis, tuberculosis, anthrax, yellow fever, rabies, measles, and other diseases on a regular and specialised basis. They are also responsible for doing pre-anesthetic examinations, wellness exams, and monitoring treatment efficacy.
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Estimated Revenue Growth:
The Veterinary Reference Laboratory market was valued at US$ 4.33 Bn. in 2022. The global Veterinary Reference Laboratory Market size is expected to grow at a CAGR of 11 % through the forecast period.
Veterinary Reference Laboratory Market Scope and Research Methodology:
The aim of this report is to assess and predict the size of the Veterinary Reference Laboratory market. It offers strategic profiles of significant market participants to provide an accurate depiction of the competitive landscape within the global Veterinary Reference Laboratory market. This includes a comprehensive analysis of recent developments such as new product launches, acquisitions, mergers, joint ventures, brand activities, and major players in the Veterinary Reference Laboratory industry. The report presents insights into industry trends, dynamics, and potentials, assisting professionals in staying informed about the latest trends and sector performance. This insight aids in predicting growth and decline in Veterinary Reference Laboratory market share over the forecast period.
In-depth understanding of the Veterinary Reference Laboratory industry was achieved through a combination of primary and secondary research methods. Various methodologies, including PESTLE, PORTER, and SWOT analysis, were employed to ensure accurate findings. SWOT analysis was employed to outline strengths, weaknesses, opportunities, and challenges for key players within the Veterinary Reference Laboratory industry. Additionally, the use of PORTER and PESTLE analysis allowed for an understanding of the microeconomic and macroeconomic factors influencing the Veterinary Reference Laboratory industry.
Market Dynamics:
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, 19 million fish, and approximately 5 million little animals as pets in 2020.
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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
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
Veterinary Reference Laboratory Market Regional Perspectives:
The report is segmented into several key countries, with market size, growth rate, import and export of Veterinary Reference Laboratory market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
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Key Questions answered in the Veterinary Reference Laboratory Market Report are:
- Which segment grabbed the largest share in the Veterinary Reference Laboratory market?
- Which segment is expected to grow at a high rate during the forecast period?
- How is the competitive scenario of the Veterinary Reference Laboratory market?
- Which are the key factors driving the Veterinary Reference Laboratory market growth?
- Which are the factors restraining the Veterinary Reference Laboratory market growth?
- Which region holds the maximum share in the Veterinary Reference Laboratory market?
- What will be the CAGR of the Veterinary Reference Laboratory market during the forecast period?
- Which are the prominent players in the Veterinary Reference Laboratory market?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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
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