Global Veterinary Reference Laboratory Market: Encouraging Animal Fitness

Global Veterinary Reference Laboratory Market

Veterinary reference laboratory are those labs which are specially designed so that they it can be used to detect diseases in animals. There main aim is to provide better health and treatment to the animals. They usually collect the samples of animals and then do medical testing so that they can check the health condition of the animals.  Usually, the sample is collected by the veterinary practitioners, and then in lab different tests are done so that they can detect different agents, toxin and other infectious bacteria present in that sample. These labs usually consist of histotechnologists, microbiologist, virologists, pathologists, serologists and others.  These labs also have reference database so that they can easily identify the disease providing required treatment and medication to the animals.

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Some of the facts contributing as a factor for the growth are as follow:

  • Increasing zoonotic diseases: Zoonotic diseases are those infectious diseases which can be transferred from animals to human and can infect them.  People always like to interact with animals and get in contact with them at home or at some other place. So, there are more chances of getting infected. Nowadays people like to raise one or more pets as they offer great companionship and are quite entertaining. This is another factor which increases the chances of the zoonotic disease to spread. Anthrax, plague, lassa fever, listeriosis, rabies, monkeypox and other are some of the common zoonotic disease
  • Increasing spending on the animal healthcare: Animals are important part of our ecosystem and today along with the increasing pet owners worldwide; animals are important part of everyone’s life. To keep these animals fit and healthy, owners make sure to provide them all the necessary health treatment. Monthly vaccination is provided to them so that they help the immune system to stay healthy and protect it from different diseases. They have the ability to kill different bacteria, toxins from the body of the animal so that the animal can live a healthy and fit life

The global veterinary reference laboratory Market is segmented on the basis of technology which is segmented as clinical chemistry, hematology, immunodiagnostics, molecular diagnostics; applications is segmented as clinical pathology, bacteriology, parasitology, virology, productivity testing, pregnancy testing, toxicology; type of animal is segmented as companion animals, food-producing animals and end user as veterinary hospitals, veterinary clinics.

Few of launches and acquisitions in the market are as follow:

  • In July 2016, ACON laboratories announced the launch of their new monitoring system The CentriVet GK Blood Glucose & Ketone Monitoring System which is a handheld meter specially designed in providing treatment for different diagnostic diseases. This new point of care testing device will help the veterinary practices to detect blood glucose and ketones in just between 5- 10 seconds
  • In January 2016, Kansas State Veterinary Diagnostic Laboratory announced the launch of their new mobile application which is specially designed so that they can help the customers to provide better services so that they can deliver results to the veterinarians worldwide. It will also help them to track the result whenever a sample is submitted to lab via this app. This will help the veterinarians to be more productive and help the customer worldwide

 “According to Data Bridge Market Research, global veterinary reference laboratory market is expected to rise to an estimated value of USD 4.37 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026”

Few of the major competitors currently working in the veterinary reference laboratory market are Boehringer Ingelheim International GmbH., Sanofi, Idexx Laboratories, Mars, Incorporated, GD, Zoetis, NEOGEN CORPORATION, Marshfield Clinic., ProtaTek International, Inc, Phoenix Lab, Virbac, Greencross Limited, Gribbles Veterinary., Wisconsin Veterinary Diagnostic Laboratory, Washington Animal Disease Diagnostic Lab (WADDL).

Veterinary labs are very helpful as it helps in maintaining the health of the animal keeping them healthy and fit. Keeping animal healthy is very important for the economy and for the food supply of the country. People are getting more involved with animals, and high population today owns pet; which is a major factor driving the market growth. Many different technologies are used in the veterinary labs for better treatment and diagnostic. Increasing consciousness among population to provide better treatment to the animals is further creating new opportunities for this market.