PUBLISHER: IMARC | PRODUCT CODE: 1378927
PUBLISHER: IMARC | PRODUCT CODE: 1378927
The global veterinary reference laboratory market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.7% during 2022-2028.
A veterinary reference laboratory is a private commercial facility used for diagnosing zoonotic diseases in companion and livestock animals. The labs are used for conducting routine and specialty testing on animals for the identification of brucellosis, tuberculosis, anthrax, yellow fever, rabies, measles and other disorders. They are also used for running wellness screenings, pre-anesthetic evaluations and monitoring the efficacy of the therapies. Regular testing aids in animal health protection and prevents the spread of serious zoonotic diseases. They also provide technical and scientific assistance using immunodiagnostics, hematology and molecular diagnostics and are widely used for clinical pathology, bacteriology, toxicology, virology and pregnancy testing.
The increasing prevalence of zoonotic and transboundary animal diseases (TADs) across the globe is one of the key factors driving the growth of the market. Moreover, significant rise in pet ownership and increasing preference for companion animals is also driving the market growth. As the coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the demand for PCR testing in veterinary reference laboratories to analyze the effect of the virus and other pathogens in animals. Additionally, various technological advancements, such as the development of innovative rapid tests and portable instruments for point-of-care (POC) testing, are acting as other growth-inducing factors. The technologies aid in the timely diagnosis, identification and management of poison sources in animals. Other factors, including increasing animal healthcare expenditures of the consumers, along with extensive research and development (R&D) activities in the field of veterinary sciences, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global veterinary reference laboratory market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, application and animal type.
Clinical Chemistry
Hematology
Immunodiagnostics
ELISA
Lateral Flow Rapid Tests
Others
Molecular Diagnostics
PCR
Microassays
Others
Others
Clinical Pathology
Toxicology
Productivity Testing
Others
Livestock Animals
Companion Animals
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Boehringer Ingelheim GmbH, IDEXX Laboratories Inc., Neogen Corporation, Phoenix Central Laboratory for Veterinarians Inc. (Zoetis Inc.), ProtaTek International Inc. (Pharmgate LLC), Royal GD, Texas A&M Veterinary Medical Diagnostic Laboratory, VCA Inc. (Mars Incorporated) and Virbac Animal Health India Private Limited.