Veterinary Reference Laboratory

Global Veterinary Reference Laboratory Market to Reach US$8.3 Billion by 2030

The global market for Veterinary Reference Laboratory estimated at US$4.9 Billion in the year 2024, is expected to reach US$8.3 Billion by 2030, growing at a CAGR of 9.1% over the analysis period 2024-2030. Immunodiagnostics, one of the segments analyzed in the report, is expected to record a 8.2% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Clinical Chemistry segment is estimated at 8.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.3 Billion While China is Forecast to Grow at 12.4% CAGR

The Veterinary Reference Laboratory market in the U.S. is estimated at US$1.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.8% and 7.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.0% CAGR.

Global Veterinary Reference Laboratory Market - Key Trends & Drivers Summarized

What Is a Veterinary Reference Laboratory and Why Is It Essential in Animal Health?

Veterinary Reference Laboratories are specialized diagnostic facilities that provide advanced testing services for the detection, diagnosis, and monitoring of diseases in animals. These laboratories play a crucial role in supporting veterinarians by offering a wide range of diagnostic tests, including hematology, biochemistry, molecular diagnostics, and microbiology, which are often beyond the capabilities of in-clinic laboratories. Veterinary reference laboratories are essential for ensuring accurate diagnoses, which are critical for effective treatment planning and disease management. These labs serve as the backbone of veterinary diagnostics, offering high-quality, reliable testing that supports the health and well-being of animals across various settings.

How Have Veterinary Reference Laboratories Evolved Over Time?

The evolution of Veterinary Reference Laboratories has been driven by advancements in diagnostic technologies and the growing demand for specialized testing services in veterinary medicine. Initially, these laboratories provided basic diagnostic tests, with limited capabilities for handling complex or rare cases. However, the advent of molecular diagnostics, such as PCR (polymerase chain reaction) and next-generation sequencing, has expanded the range of tests available, allowing for the detection of genetic disorders, infectious diseases, and other conditions with greater accuracy and speed. The integration of automation and digital technologies has also improved the efficiency of laboratory operations, enabling faster turnaround times and more comprehensive data analysis. Furthermore, the development of specialized tests for different species and the inclusion of telemedicine services have broadened the scope and accessibility of veterinary reference laboratories.

Why Is There an Increasing Demand for Veterinary Reference Laboratories?

The demand for Veterinary Reference Laboratories is increasing due to several factors, including the growing prevalence of complex and emerging animal diseases that require specialized diagnostic capabilities. As the field of veterinary medicine advances, there is a greater need for accurate and timely diagnoses to support effective treatment and disease management. The rise in pet ownership, particularly in urban areas, has led to an increase in the number of animals requiring advanced diagnostics, driving demand for reference laboratory services. Additionally, the expansion of the livestock industry, where health monitoring is critical to productivity, has further fueled the need for comprehensive diagnostic testing. The growing focus on preventive care, which emphasizes early detection and monitoring of diseases, is also contributing to the increased utilization of veterinary reference laboratories.

What Factors Are Driving the Growth in the Veterinary Reference Laboratory Market?

The growth in the Veterinary Reference Laboratory market is driven by several factors, including the increasing incidence of zoonotic and emerging diseases, which require specialized diagnostic testing that can be provided by reference laboratories. The rising awareness of the importance of preventive healthcare and early diagnosis in veterinary medicine is leading to greater demand for comprehensive diagnostic services. Additionally, the expansion of the pet population, coupled with a growing focus on pet health and wellness, is driving the need for advanced laboratory testing. Technological advancements, such as the development of high-throughput diagnostic platforms and molecular diagnostics, are enabling reference laboratories to offer a broader range of tests with higher accuracy and speed, contributing to market growth. Furthermore, the integration of digital technologies and telemedicine with laboratory services is enhancing the accessibility and efficiency of diagnostic testing, supporting the overall growth of the veterinary reference laboratory market.

SCOPE OF STUDY:

The report analyzes the Veterinary Reference Laboratory market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Service Type (Immunodiagnostics, Clinical Chemistry, Hematology, Urinalysis, Molecular Diagnostics, Other Service Types); Animal Type (Companion Animals, Livestock); Application (Clinical Pathology, Bacteriology, Parasitology, Virology, Toxicology Testing, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• Animal and Plant Health Agency
• Animal Health Diagnostic Center (Cornell University)
• Antech Diagnostics, Inc.
• GD Animal Health
• Idexx Laboratories, Inc.
• NEOGEN Corporation
• ProtaTek International, Inc.
• Zoetis, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.