Veterinary Reference Laboratory Market by Service Type (Clinical Chemistry, Immunodiagnostics (ELISA), Molecular Diagnostics (PCR, Microarray)), Application (Pathology, Virology), Animal (Companion, Livestock), & Region - Global Forecast to 2029

Veterinary Reference Laboratory Market by Service Type (Clinical Chemistry, Immunodiagnostics (ELISA), Molecular Diagnostics (PCR, Microarray)), Application (Pathology, Virology), Animal (Companion, Livestock), & Region - Global Forecast to 2029

The veterinary reference laboratory market is projected to reach USD 7.8 billion by 2029 from USD 4.6 billion in 2024, at a CAGR of 11.2% during the forecast period. The increasing awareness among pet owners and livestock producers, growing prevalence of zoonotic disease, increasing investment in animal healthcare, and advancements in technology, like automation and molecular diagnostics are expected to propel the veterinary reference laboratory market in the coming years.

Based on the service type, the clinical chemistry services segment is expected to grow by the highest CAGR in the veterinary reference laboratory market.

Clinical chemistry services are crucial in the rapidly growing sectors of pet care and livestock management, where timely and accurate diagnostic information can significantly enhance disease management and treatment outcomes. As pet ownership rises and livestock production intensifies to meet global food demands, the demand for advanced, reliable, and quick diagnostic services is expected to surge, thereby propelling the growth of clinical chemistry services in veterinary reference laboratories.

Based on application, the clinical pathology segment is expected to grow with the highest CAGR in the veterinary reference laboratory market.

Clinical pathology includes complete blood cell counts (CBCs), blood tests, urinalysis, fecal examinations, and cytology that are critical for accurate diagnosis and monitoring of animal health. The segment's growth is further fueled by the rising prevalence of chronic diseases in animals, growing pet insurance adoption, and enhanced veterinary healthcare infrastructure.

Based on animal type, the companion animals segment accounted for the largest market share of the veterinary reference laboratory market.

The growth is primarily driven by the increasing pet adoption rates and growing expenditure on pet healthcare worldwide. As pet owners become more aware of the complex health needs of their animals, there is a rising demand for advanced diagnostic and therapeutic services that ensure their well-being. Veterinary reference laboratories play a crucial role in meeting these demands by offering comprehensive diagnostic tests, from routine screenings to more specialized genetic and molecular diagnostics.

North America to register for the highest share of the veterinary reference laboratory market during the forecast period.

Owing to the regions heightened awareness among pet owners about animal health, and advancements in veterinary diagnostics, the North American region is experiencing remarkable growth in the veterinary reference laboratory market. Additionally, the region boasts a robust infrastructure for research and development, coupled with significant investments in healthcare. As the demand for precise and comprehensive diagnostic services for animals continues to rise, North America stands at the forefront of innovation and expansion in the veterinary reference laboratory sector.

A breakdown of the primary participants (supply-side) for the veterinary reference laboratory market referred to for this report is provided below:

By Company Type: Tier 1–45%, Tier 2–33%, and Tier 3–22%

By Designation: C-level–40%, Director Level–35%, and Others–25%

By Region: North America–63%, Europe–18%, Asia Pacific–8%, Latin America- 6%, Middle East & Africa-5% .

Prominent players in the veterinary reference laboratory market are IDEXX Laboratories, Inc. (US), Mars, Incorprated (US), GD Animal Health (Netherlands), Zoetis (US), NEOGEN Corporation (US), LABOKLIN GMBH & CO. KG (Germany), VETLAB (Veterinary Diagnostic Laboratory) (India), Mira Vista Labs (US), Virbac (US), Vaxxinova (Netherlands), Thermo Fisher Scientific (US), Texas A&M Veterinary Medical Diagnostic Laboratory (US), University of Minnesota (Veterinary Diagnostic Laboratory) (US), Iowa State University (Veterinary Diagnostic Laboratory) (US), QML Vetnostics (Australia), ProtaTek International, Inc. (US), Animal and Plant Health Agency (UK), Animal Health Diagnostic Center (Cornell University) (US), National Veterinary Services Laboratory USDA-APHIS (US), Washington Animal Disease Diagnostic Laboratory (US), Colorado State University (Veterinary Diagnostic Laboratories) (US), The Pirbright Institute (UK), (Australia), Friedrich-Loeffler-Institute (FLI) (Germany), and Kansas State Veterinary Diagnostic Laboratory (US).

Research Coverage:

The report analyzes the veterinary reference laboratory market and aims at estimating the market size and future growth potential of this market based on various segments such as service type, application, animal type, and region. The report also includes a competitive analysis of the key players in this market along with their company profiles, service offerings, recent developments, and key market strategies.

Reasons to Buy the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall veterinary reference laboratory market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

This report provides insights into the following pointers:

Analysis of key drivers (rising pet ownership, increasing advancements in veterinary diagnostics, rising prevalence of animal diseases, and rising pet care expenditure), restraints (escalating costs of veterinary care, and limited access to veterinary healthcare services in some regions), opportunities (development of specialized diagnostic tests and services, and advancements in technologies such as point-of-care testing) and challenges (shortage of qualified veterinary personnel, and limited accessibility in emerging markets)

Market Penetration: It includes extensive information on services offered by the major players in the global the veterinary reference laboratory market. The report includes various segments in service type, application, animal type, and region.

Product Enhancement/Innovation: Comprehensive details about new service launches and anticipated trends in the global veterinary reference laboratory market.

Market Development: Thorough knowledge and analysis of the profitable rising markets by service type, application, animal type, and region.

Market Diversification: Comprehensive information about newly launched services, expanding markets, current advancements, and investments in the global the veterinary reference laboratory market.

Competitive Assessment: Thorough evaluation of the market shares, growth plans, offerings of services, and capacities of the major competitors in the global veterinary reference laboratory market.