Global Veterinary Reference Laboratory Market Growth (Status and Outlook) 2024-2030

Global Veterinary Reference Laboratory Market Growth (Status and Outlook) 2024-2030

Reference labs are usually private, commercial facilities that do high volume routine and specialty testing.

The global Veterinary Reference Laboratory market size is projected to grow from US$ 2353.5 million in 2023 to US$ 3936.4 million in 2030; it is expected to grow at a CAGR of 7.6% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Veterinary Reference Laboratory Industry Forecast” looks at past sales and reviews total world Veterinary Reference Laboratory sales in 2023, providing a comprehensive analysis by region and market sector of projected Veterinary Reference Laboratory sales for 2024 through 2030. With Veterinary Reference Laboratory sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Veterinary Reference Laboratory industry.

This Insight Report provides a comprehensive analysis of the global Veterinary Reference Laboratory landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Veterinary Reference Laboratory portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Veterinary Reference Laboratory market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Veterinary Reference Laboratory and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Veterinary Reference Laboratory.

Pet medical care is the second largest segment in pet industry. In the UK, annual spending on veterinary and other pet services has risen from £2.6bn in 2015 to £4bn in 2021, a 54% increase in just six years. According to Vetnosis, the value of the global animal health industry will increase by 12% to $38.3 billion in 2021. White Paper on China's Pet Healthy Consumption of JD shows that in 2023, there are 13.09 million pets entering middle age and old age. And pet aging is expected to be seen in the next few years. Changes in the age structure of pets will further bring about the development of the pet medical industry. According to the data of the 2022 China Pet Medical Industry White Paper, from the perspective of market size, the scale of China's pet medical market is about ¥67.5 billion, accounting for about 22.5% of the entire pet industry. From the perspective of hospital operation time, pet hospitals within 5 years accounted for about 73%. About 11% of the pet hospitals have been in operation for more than 10 years. From the perspective of hospital turnover, nearly 40% of the hospitals have increased their annual turnover year-on-year, and the growth rate is mainly within 108%.

This report presents a comprehensive overview, market shares, and growth opportunities of Veterinary Reference Laboratory market by product type, application, key players and key regions and countries.

Segmentation by type
Dogs
Cats
Horses
Cattle
Pigs
Poultry
Other

Segmentation by application
Clinical Pathology
Bacteriology
Virology
Parasitology
Productivity Testing
Pregnancy Testing
Toxicology Testing
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IDEXX Laboratories, Inc.
VCA, Inc.
GD Animal Health
Boehringer Ingelheim
Zoetis, Inc.
Neogen Corporation
Laboklin GmbH
Synlab International GmbH
Marshfield Labs
Texas A&M Veterinary Medical Diagnostic Laboratory
University of Minnesota (Veterinary Diagnostic Laboratory)
Iowa State University (Veterinary Diagnostic Laboratory)
Protatek International Inc.
Animal and Plant Health Agency
Animal Health Diagnostic Center (Cornell University)
National Veterinary Services Laboratory Usda-Aphis
Znlabs
Colorado State University (Veterinary Diagnostic Laboratories)
The Pirbright Institute
Friedrich-Loeffler-Institut (FLI)

Please note: The report will take approximately 2 business days to prepare and deliver.