Global Veterinary Reference Laboratory Market
Marktgröße in Milliarden USD
CAGR : %
Prognosezeitraum |
2024 –2031 |
Marktgröße (Basisjahr) | USD 4.49 Billion |
Marktgröße (Prognosejahr) | USD 173.02 Billion |
CAGR |
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Wichtige Marktteilnehmer |
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Global Veterinary Reference Laboratory Market, By Service Type (Clinical Chemistry, Immunodiagnostics, Molecular Diagnostics, Hematology), Application (Pathology, Bacteriology, Virology, Parasitology, Other Applications), Animal Type (Livestock Animals, Companion Animals) - Industry Trends and Forecast to 2031.
Veterinary Reference Laboratory Market Analysis and Size
The veterinary reference laboratory specializes in the high value of animal health diagnostic tests and international services. Clinical chemistry, cytopathology, hematology, urinalysis, endocrinology, parasitology, microbiology, histopathology, and serology are among the testing services provided by the reference laboratory. As a result, players and reference laboratories have been compelled to develop new and improved animal testing.
Data Bridge Market Research analyzes that the global veterinary reference laboratory market which was USD 4.49 billion in 2023, is likely to reach up to USD 10.06 billion by 2031 and is expected to undergo a CAGR of 10.59% during the forecast period. “Molecular diagnostics” dominates the service type segment of the veterinary reference laboratory market due to the growing advancements in molecular and cellular technology with rising research activities.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
Report Metric |
Details |
Forecast Period |
2024 to 2031 |
Base Year |
2023 |
Historic Years |
2022 (Customizable to 2016-2021) |
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered |
By Service Type (Clinical Chemistry, Immunodiagnostics, Molecular Diagnostics, Hematology), Application (Pathology, Bacteriology, Virology, Parasitology, Other Applications), Animal Type (Livestock Animals, Companion Animals) |
Countries Covered |
U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Sweden, Denmark, Poland, Rest of Europe, Japan, China, Australia, New Zealand, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, Ethiopia, Rest of the Middle East and Africa |
Market Players Covered |
IDEXX Laboratories, Inc (U.S.), VCA, Inc. (U.S.), GD Animal Health (Netherlands), Boehringer Ingelheim (Germany), Zoetis Inc. (U.S.), NEOGEN Corporation (U.S.), SYNLAB International GmbH (Germany), Thermo Fischer Scientific, Inc. (U.S.), Heska Corporation (U.S.), Virbac (U.S.) |
Market Opportunities |
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Market Definition
A veterinary reference laboratory refers to a specialized laboratory that provides diagnostic testing services for animals. These laboratories use advanced equipment and techniques to identify and diagnose diseases in animals, such as livestock, pets, and zoo animals. The tests performed at these facilities can range from basic blood tests to more complex procedures like biopsies and PCR (polymerase chain reaction) assays.
Global Veterinary Reference Laboratory Market Dynamics
Drivers
- Increasing demand of meat and other animal products
The rising demand for meat and other animal products often leads to an increased focus on livestock health. Veterinary reference laboratories play a crucial role in monitoring and maintaining the health of livestock through diagnostic tests, disease surveillance, and preventive healthcare measures. Veterinary reference laboratories contribute to disease control by providing rapid and accurate diagnostic services, helping to prevent and manage outbreaks that could affect the production of meat and other animal products.
- Rising Pet Ownership
The rising trend of pet ownership, especially in developed countries, contributes to the growth of veterinary services, including diagnostic testing provided by reference laboratories. More pets mean a higher demand for veterinary services, ranging from routine check-ups and vaccinations to more specialized treatments. Veterinary reference laboratories play a crucial role in supporting these services by providing advanced diagnostic tests, pathology services, and other specialized diagnostics.
Opportunity
- Growing Focus on Preventive Healthcare
There is an increasing emphasis on preventive healthcare for animals, including routine check-ups and early disease detection. Veterinary reference laboratories can seize the opportunity to offer preventive health screening packages and promote the importance of regular veterinary visits for maintaining overall animal well-being.
Restraints/ Challenges
- Stringent Regulatory Environment
Stringent regulations and compliance requirements in the veterinary industry can pose challenges for reference laboratories. Meeting these standards might be costly and time-consuming. Veterinary reference laboratories often seek accreditation or certification from relevant regulatory bodies. Accreditation ensures that the laboratory meets specific quality and performance standards.
- Supply Chain Disruptions
Global events, such as pandemics or geopolitical issues, can disrupt the supply chain for laboratory equipment, reagents, and consumables. This can lead to delays in testing processes and impact the overall efficiency of veterinary reference laboratories.
- Shortage of Skilled Personnel
There may be a shortage of trained professionals, including veterinary pathologists and technicians, capable of conducting specialized diagnostic tests. Attracting and retaining skilled personnel can be a challenge for laboratories.
Recent Developments
- In November 2022, VolitionRx Limited launched its Nu.Q Vet Cancer Screening Test across the U.S. and Europe through Heska Corporations' veterinary diagnostic laboratories
- In June 2022, IDEXX Laboratories Inc. launched new reference laboratory tests and services to help veterinarians gain insights during wellness screenings, develop treatment plans for cats with chronic kidney disease, and access fast, definitive answers for the most critical cases
Global Veterinary Reference Laboratory Market Scope
The veterinary reference laboratory market is segmented on the basis of service type, application and animal type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service type
- Clinical chemistry
- Immundiagnostics
- Molecular Diagnostics
- Hematology
Application
- Pathology
- Bacteriology
- Virology
- Parasitology
- Others
Animal type
- Livestock Animals
- Companion Animals
Global Veterinary Reference Laboratory Market Regional Analysis/Insights
The veterinary reference laboratory market is analyzed and market size insights and trends are provided by country, service type, application and animal type as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Sweden, Denmark, Poland, rest of Europe, Japan, China, Australia, New Zealand, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, South Africa, UAE, Israel, Egypt, Ethiopia, and rest of the Middle East and Africa.
North America is expected to dominate the market due to the presence of advanced healthcare infrastructure. Also, increasing disease burden, presence of better veterinary care and services, and increasing veterinary healthcare expenditure in the region.
Asia-Pacific is expected to be the fastest growing region in the market due to rising awareness of animal health and zoonotic diseases, rising pet healthcare spending, and increasing focus of prominent players on emerging markets.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The veterinary reference laboratory market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the veterinary reference laboratory market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the veterinary reference laboratory market.
Competitive Landscape and Global Veterinary Reference Laboratory Market Share Analysis
The veterinary reference laboratory market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the veterinary reference laboratory market.
Some of the major players operating in the veterinary reference laboratory market are:
- IDEXX Laboratories, Inc (U.S.)
- VCA, Inc. (U.S.)
- GD Animal Health (Netherlands)
- Boehringer Ingelheim (Germany)
- Zoetis Inc. (U.S.)
- NEOGEN Corporation (U.S.)
- SYNLAB International GmbH (Germany)
- Thermo Fischer Scientific, Inc. (U.S.)
- Heska Corporation (U.S.)
- Virbac (U.S.)
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Forschungsmethodik
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