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.
Some of the facts contributing as a factor for the growth are as follow:
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:
“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.
Global Veterinary Reference Laboratory Market – Industry Trends - Forecast to 2026