Global Veterinary Reference Laboratory Market, By Technology (Molecular Diagnostics, Immunodiagnostics, Hematology, Clinical Chemistry), Application (Clinical Pathology, Virology, Bacteriology, Parasitology, Productivity Testing, Pregnancy Testing, Toxicology, Others), Type of Animal (Companion Animals, Food-Producing Animals) End User (Veterinary Hospitals, Veterinary Clinics), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The veterinary reference laboratory services market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 15.2% in the forecast period of 2021 to 2028. The growing number of pet adoption will help in escalating the growth of the veterinary reference laboratory market.
The veterinary reference laboratory is concentrated on producing high value animal health diagnostic testing and global services. These laboratories are able to accomplish advantageous quality conditions more regularly than in-clinic reference laboratory. The testing services offered by the reference laboratory cover the fields of hematology, clinical chemistry, urinalysis, endocrinology, microbiology, parasitology, serology, cytopathology, and histopathology.
The veterinary reference laboratory market is expected to grow because of the main reasons for example increasing of pet adoption, growing of animal healthcare expenses, the rising need for animal-derived food goods, and the growing requirement for pet insurance. Still, the growing numbers of veterinary physicians and their rising revenue levels in advanced countries and the growing alertness about zoonotic infections are anticipated to propel the growth in the veterinary reference laboratory market during the forecast period. However, the growing of the pet care costs and the increasing need for fast tests, POC testing, and portable instruments are most likely to hinder the growth of the veterinary reference laboratory market in the forecast period. Untouched emerging markets, public-private partnerships in veterinary health and the increased use of PCR testing panels to reject covid-19 virus in animals extend further advantageous opportunities in the growth of the veterinary reference laboratory market in the forecast period. Also, minimal knowledge in the advancing countries and the dearth of veterinarians in the developing regions are to further challenge the growth of the market.
This veterinary reference laboratory market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on veterinary reference laboratory market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Veterinary Reference Laboratory Market Scope and Market Size
The veterinary reference laboratory market is segmented on the basis of technology, application, type of animal and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on the technology, the veterinary reference laboratory market into molecular diagnostics, immunodiagnostics, hematology, clinical chemistry.
- Based on the application, the veterinary reference laboratory market into clinical pathology, virology, bacteriology, parasitology, productivity testing, pregnancy testing, toxicology, others.
- Based on the type of animal, the veterinary reference laboratory market into companion animals, food-producing animals.
- Based on the end user, the veterinary reference laboratory market into veterinary hospitals, veterinary clinics.
Veterinary Reference Laboratory Market Country Level Analysis
The veterinary reference laboratory market is analysed and market size insights and trends are provided by country, technology, application, type of animal and end user as referenced above.
The countries covered in the veterinary reference laboratory market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the veterinary reference laboratory market because of its significant, domesticated animal population. Furthermore, the escalating of the pet approval, improving alertness about animal health, and increasing per capita of the animal health expenses, in particular in the emerging countries are the factors further o boost the growth of the veterinary reference laboratory market in the region. Also, livestock farming is a valuable source of revenue in several advancing nations. Moreover, the need for animal-based products and income from the livestock goods has also grown which in turn is further projected to contribute to the growth of the veterinary reference laboratory market in the region during the forecast period.
The country section of the veterinary reference laboratory market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The veterinary reference laboratory market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare analytical testing services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the veterinary reference laboratory market. The data is available for historic period 2011-2019.
Competitive Landscape and Veterinary Reference Laboratory Market Share Analysis
The veterinary reference laboratory market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to veterinary reference laboratory market.
The major players covered in the veterinary reference laboratory market report 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).; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Veterinary Reference Laboratory Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.