The global demand for Veterinary Reference Laboratory Market is presumed to reach the market size of nearly USD 20 BN by 2030 from USD 7.84 BN in 2022 with a CAGR of 12.42% under the study period 2023 - 2030.
Veterinary Reference Laboratories (VRLs) are specialized facilities that provide diagnostic and analytical services to veterinarians, animal health professionals, and other stakeholders in the animal health industry. These services include testing for infectious diseases, genetic disorders, and toxicological conditions in animals. VRLs use various techniques to diagnose and analyze animal samples, including microscopy, serology, molecular biology, and histopathology. They also provide support for the development of new vaccines, treatments, and diagnostic tools.
Market Dynamics
The growing demand for animal health services, driven by an increasing population of companion animals, is a key driver of the VRL market. Moreover, the rising incidence of zoonotic diseases, which are transmitted from animals to humans, is driving the demand for VRL services. The increased animal production, particularly in the livestock industry, is driving the VRL market. Furthermore, technological advancement has led to the development of more sensitive and specific diagnostic tests, driving the demand for VRL services. The increase in pet ownership, particularly in urban areas, drives the demand for VRL services. This includes the need for diagnostic testing and surveillance to monitor the health of companion animals. However, the high costs and lack of skilled labour may impede market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of veterinary reference laboratory. The growth and trends of veterinary reference laboratory industry provide a holistic approach to this study.
Market Segmentation
This section of the veterinary reference laboratory market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
- Clinical Chemistry
- Hematology
- Immunodiagnostics (ELISA, Lateral Flow Rapid Tests, Others)
- Molecular Diagnostics (PCR, Microarrays, Others)
- Others
By Application
- Clinical Pathology
- Toxicology
- Productivity Testing
- Others
By Animal Type
- Production Animals
- Companion Animals
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Veterinary Reference Laboratory market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Veterinary Reference Laboratory Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the veterinary reference laboratory market include IDEXX Laboratories Inc., VCA Inc., GD Animal Health, Greencross Ltd., Zoetis, Gribbles Veterinary, Phoenix Lab, Neogen Corporation, and ProtaTek International Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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