Veterinary Reference Laboratory Market Size, Share, and Analysis, By Service Type (Clinical Chemistry, Immunodiagnostics, Molecular Diagnostics, and Hematology), By Application (Clinical Pathology, Bacteriology, Virology, Parasitology, and Others), By Animal Type (Livestock Animals and Companion Animals), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Veterinary Reference Laboratory Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 11.1% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 4.5 billion and is projected to reach USD 14.4 billion by the completion of 2034.
Veterinary reference laboratory is a dedicated facility that delivers diagnostic services to veterinarians, scientists, and animal owners. These labs provide various tests such as blood work, microbiology, pathology, and imaging, that help in the diagnosis of disease, monitoring health, and food safety from animals. They play an essential role in the surveillance of diseases, alongside investigating outbreaks and veterinary research, which often use advanced technology and expertise for accurate and timely results. Veterinary reference laboratories also offer consultation and training services, thereby supporting veterinary professionals. Therefore, by upholding high standards of quality and proficiency, veterinary reference laboratories significantly contribute to the health of animals and the well-being of communities.
MARKET HIGHLIGHTS
Veterinary reference laboratory market is projected to reach USD 14.4 billion over the forecast period, attributed to multiple factors, such as the increasing cases of zoonotic diseases, along with rising pet ownership rates, and growing awareness of animal health among pet owners and livestock producers. In addition, improvements in diagnostic technologies such as PCR, ELISA, and next-generation sequencing are improving the capabilities of veterinary reference laboratories and delivering more accurate and efficient disease detection as well as management. Besides, severe rules and regulations that govern food safety and disease control in livestock are boosting the demand for the diagnostic services provided by veterinary reference laboratories. Therefore, by prioritizing innovation and expanding service offerings, veterinary reference laboratories are well-positioned to seize emerging market opportunities and play a major role in protecting animal health on a global scale.
Veterinary Reference Laboratory Market Segments:
- By Service Type
- Clinical Chemistry
- Immunodiagnostics
- Molecular Diagnostics
- Haematology
- By Application
- Clinical Pathology
- Bacteriology
- Virology
- Parasitology
- Others
- By Animal Type
- Livestock Animals
- Companion Animals
Growth Drivers
Increasing Pet Ownership is Driving Growth in the Veterinary Reference Laboratory Market
Advancements in Diagnostic Technologies Will Act as a Catalyst for Market Growth
Restraint
Cost Constraints in the Veterinary Reference Laboratory Market Will Impact the Growth
Key Players
- IDEXX Laboratories, Inc.
- Zoetis Inc.
- GD Animal Health
- ProtaTek International Inc.
- Boehringer Ingelheim
- Neogen Corporation
- Virbac
- Heska Corporation
- Biovet Pvt. Ltd.
- Henry Schein, Inc.
- VCA Inc.
- Veterinary Diagnostic Laboratory
- Eurofins Scientific
- National Veterinary Services Laboratories (NVSL)
- Marshfield Labs Veterinary Services
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
- 1. Executive Summary
- 1.1 Regional Market Share
- 1.2. Business Trends
- 1.3 Veterinary Reference Laboratory Market: COVID-19 Outbreak
- 1.4 Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2 Research Approach
- 2.3 Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1. Paid Sources
- 2.5.2 Public Sources
- 2.6 Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2 Veterinary Reference Laboratory Market: COVID-19 Impact
- 3.3 Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Veterinary Reference Laboratory Market – Industry Insights
- 4.1 Industry Segmentation
- 4.2. COVID-19 overview of world economy
- 4.3. Industry Ecosystem Channel Analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7 Market Dynamics
- 7.1. Introduction
- 7.2 Growth Drivers
- 7.3 Market Opportunities
- 7.4. Market Restraints
- 7.5 Market Trends
- 8. Risk Analysis
- 9. Market Analysis
- 9.1. Porter's Five Forces
- 9.2 PEST Analysis
- 9.2.1. Political
- 9.2.2 Economic
- 9.2.3 Social
- 9.2.4 Technological
- 10. Veterinary Reference Laboratory Market
- 10.1 Overview
- 10.2. Historical Analysis (2019-2022)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11 Veterinary Reference Laboratory Market Size & Forecast 202 A-203 F
- 11.1 Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1. By Service Type
- 11.3.1.1. Clinical Chemistry
- 11.3.1.1.1. By Value (USD Million) 2024-203 F
- 11.3.1.1.2 Market Share (%) 2024-203 F
- 11.3.1.1.3 Y-o-Y Growth (%) 2024-203 F
- 11.3.1.2 Immunodiagnostics
- 11.3.1.2.1 By Value (USD Million) 2024-203 F
- 11.3.1.2.2. Market Share (%) 2024-203 F
- 11.3.1.2.3. Y-o-Y Growth (%) 2024-203 F
- 11.3.1.3 Molecular Diagnostics
- 11.3.1.3.1 By Value (USD Million) 2024-203 F
- 11.3.1.3.2. Market Share (%) 2024-203 F
- 11.3.1.3.3. Y-o-Y Growth (%) 2024-203 F
- 11.3.1.4 Hematology
- 11.3.1.4.1 By Value (USD Million) 2024-203 F
- 11.3.1.4.2. Market Share (%) 2024-203 F
- 11.3.1.4.3. Y-o-Y Growth (%) 2024-203 F
- 11.3.2. By Application
- 11.3.2.1 Clinical Pathology
- 11.3.2.1.1 By Value (USD Million) 2024-203 F
- 11.3.2.1.2. Market Share (%) 2024-203 F
- 11.3.2.1.3. Y-o-Y Growth (%) 2024-203 F
- 11.3.2.2. Bacteriology
- 11.3.2.2.1. By Value (USD Million) 2024-203 F
- 11.3.2.2.2 Market Share (%) 2024-203 F
- 11.3.2.2.3 Y-o-Y Growth (%) 2024-203 F
- 11.3.2.3. Virology
- 11.3.2.3.1. By Value (USD Million) 2024-203 F
- 11.3.2.3.2 Market Share (%) 2024-203 F
- 11.3.2.3.3 Y-o-Y Growth (%) 2024-203 F
- 11.3.2.4. Parasitology
- 11.3.2.4.1. By Value (USD Million) 2024-203 F
- 11.3.2.4.2 Market Share (%) 2024-203 F
- 11.3.2.4.3. Y-o-Y Growth (%) 2024-203 F
- 11.3.2.5. Others
- 11.3.2.5.1. By Value (USD Million) 2024-203 F
- 11.3.2.5.2 Market Share (%) 2024-203 F
- 11.3.2.5.3 Y-o-Y Growth (%) 2024-203 F
- 11.3.3. By Animal Type
- 11.3.3.1 Livestock Animals
- 11.3.3.1.1 By Value (USD Million) 2024-203 F
- 11.3.3.1.2. Market Share (%) 2024-203 F
- 11.3.3.1.3. Y-o-Y Growth (%) 2024-203 F
- 11.3.3.2. Companion Animals
- 11.3.3.2.1. By Value (USD Million) 2024-203 F
- 11.3.3.2.2 Market Share (%) 2024-203 F
- 11.3.3.2.3 Y-o-Y Growth (%) 2024-203 F
- 12. North America Veterinary Reference Laboratory Market Size & Forecast 202 A-203 F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Service Type
- 12.3.2 By Application
- 12.3.3 By Animal Type
- 12.4. Country
- 12.4.1 United States
- 12.4.2. Canada
- 13. Europe Veterinary Reference Laboratory Market Size & Forecast 202 A-203 F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Service Type
- 13.3.2 By Application
- 13.3.3 By Animal Type
- 13.4. Country
- 13.4.1 Germany
- 13.4.2 United Kingdom
- 13.4.3 France
- 13.4.4. Italy
- 13.4.5 Spain
- 13.4.6 Russia
- 13.4.7 Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14. Asia-Pacific Veterinary Reference Laboratory Market Size & Forecast 202 A-203 F
- 14.1 Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Service Type
- 14.3.2 By Application
- 14.3.3 By Animal Type
- 14.4. Country
- 14.4.1. India
- 14.4.2 China
- 14.4.3. South Korea
- 14.4.4. Japan
- 14.4.5. Rest of APAC
- 15. Middle East and Africa Veterinary Reference Laboratory Market Size & Forecast 202 A-203 F
- 15.1 Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Service Type
- 15.3.2 By Application
- 15.3.3 By Animal Type
- 15.4. Country
- 15.4.1 Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4 South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Veterinary Reference Laboratory Market Size & Forecast 202 A-203 F
- 16.1. Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Service Type
- 16.3.2 By Application
- 16.3.3 By Animal Type
- 16.4. Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1. Company market share, 2023
- 17.2 Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1. IDEXX Laboratories, Inc.
- 18.1.1 Company Overview
- 18.1.2 Financial Overview
- 18.1.3 Key Product; Analysis
- 18.1.4 Company Assessment
- 18.1.4.1 Product Portfolio
- 18.1.4.2. Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2 Zoetis Inc.
- 18.3 VCA Inc.
- 18.4 GD Animal Health
- 18.5 ProtaTek International Inc.
- 18.6 Boehringer Ingelheim
- 18.7 Neogen Corporation
- 18.8 Marshfield Labs Veterinary Services
- 18.9 Veterinary Diagnostic Laboratory
- 18.10 Heska Corporation
- 18.11. Biovet Pvt. Ltd.
- 18.12 Virbac
- 18.13 Henry Schein, Inc.
- 18.14 Eurofins Scientific
- 18.15 National Veterinary Services Laboratories (NVSL)
- 18.16 Other Prominent Players
- 19. Appendix
- 20 Consultant Recommendation
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