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Veterinary Reference Laboratory Market Size, Trends, Analysis, and Outlook By Service (Clinical Chemistry, Immunodiagnostics, Molecular Diagnostics, Hematology, Urinalysis, Others), By Application (Clinical Pathology, Bacteriology, Parasitology, Virology, Others), By Animal (Companion Animals, Livestock Animals), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: VDE45A2B538DEN
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The global Veterinary Reference Laboratory market size is poised to register 9.7% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Veterinary Reference Laboratory market across By Service (Clinical Chemistry, Immunodiagnostics, Molecular Diagnostics, Hematology, Urinalysis, Others), By Application (Clinical Pathology, Bacteriology, Parasitology, Virology, Others), By Animal (Companion Animals, Livestock Animals)

With the increasing demand for specialized diagnostic testing and the growing complexity of veterinary medicine, there is a rising need for veterinary reference laboratories to provide comprehensive testing services, expert consultations, and timely results to support clinical decision-making in veterinary practice. Market growth is driven by factors such as expanding pet ownership, the rising expenditure on pet healthcare and diagnostics, and technological advancements in laboratory automation and molecular diagnostics. Additionally, the expanding applications of reference laboratory testing in infectious disease surveillance, oncology, and genetic screening, as well as the rising demand for test standardization and quality assurance in veterinary diagnostics, contribute to market expansion. Further, the development of novel assays and testing panels, the adoption of electronic health record integration and client communication platforms, and the emphasis on continuing education and training in laboratory medicine are expected to further propel market growth in the coming years.

Veterinary Reference Laboratory Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Veterinary Reference Laboratory market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Veterinary Reference Laboratory survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Veterinary Reference Laboratory industry.

Key market trends defining the global Veterinary Reference Laboratory demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Veterinary Reference Laboratory Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Veterinary Reference Laboratory industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Veterinary Reference Laboratory companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Veterinary Reference Laboratory industry

Leading Veterinary Reference Laboratory companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Veterinary Reference Laboratory companies.

Veterinary Reference Laboratory Market Study- Strategic Analysis Review

The Veterinary Reference Laboratory market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Veterinary Reference Laboratory Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Veterinary Reference Laboratory industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

Veterinary Reference Laboratory Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America Veterinary Reference Laboratory Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Veterinary Reference Laboratory market segments. Similarly, Strong market demand is encouraging Canadian Veterinary Reference Laboratory companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Veterinary Reference Laboratory market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Veterinary Reference Laboratory Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Veterinary Reference Laboratory industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Veterinary Reference Laboratory market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Veterinary Reference Laboratory Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Veterinary Reference Laboratory in Asia Pacific. In particular, China, India, and South East Asian Veterinary Reference Laboratory markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Veterinary Reference Laboratory Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Veterinary Reference Laboratory Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Veterinary Reference Laboratory market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Veterinary Reference Laboratory.

Veterinary Reference Laboratory Market Company Profiles

The global Veterinary Reference Laboratory market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Animal and Plant Health Agency, Animal Health Diagnostic Center, GD Animal Health, Heska Corp, IDEXX Laboratories Inc, LABOKLIN GmbH, NEOGEN Corp, ProtaTek International Inc, SYNLAB International GmbH, Thermo Fisher Scientific Inc, Vaxxinova GmbH, VCA Inc (Mars Inc), Vetnostics Pty Ltd, Virbac Corp, Washington Animal Disease Diagnostic Laboratory, Zoetis Inc.

Recent Veterinary Reference Laboratory Market Developments

The global Veterinary Reference Laboratory market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Veterinary Reference Laboratory Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Service

Clinical Chemistry

Immunodiagnostics

Molecular Diagnostics

Hematology

Urinalysis

Others

By Application

Clinical Pathology

Bacteriology

Parasitology

Virology

Others

By Animal

Companion Animals

Livestock Animals

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Animal and Plant Health Agency

Animal Health Diagnostic Center

GD Animal Health

Heska Corp

IDEXX Laboratories Inc

LABOKLIN GmbH

NEOGEN Corp

ProtaTek International Inc

SYNLAB International GmbH

Thermo Fisher Scientific Inc

Vaxxinova GmbH

VCA Inc (Mars Inc)

Vetnostics Pty Ltd

Virbac Corp

Washington Animal Disease Diagnostic Laboratory

Zoetis Inc

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Veterinary Reference Laboratory Market Overview and Key Findings, 2024
1.2 Veterinary Reference Laboratory Market Size and Growth Outlook, 2021- 2030
1.3 Veterinary Reference Laboratory Market Growth Opportunities to 2030
1.4 Key Veterinary Reference Laboratory Market Trends and Challenges
  1.4.1 Veterinary Reference Laboratory Market Drivers and Trends
  1.4.2 Veterinary Reference Laboratory Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Veterinary Reference Laboratory Companies

2. VETERINARY REFERENCE LABORATORY MARKET SIZE OUTLOOK TO 2030

2.1 Veterinary Reference Laboratory Market Size Outlook, USD Million, 2021- 2030
2.2 Veterinary Reference Laboratory Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. VETERINARY REFERENCE LABORATORY MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. VETERINARY REFERENCE LABORATORY MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Service
Clinical Chemistry
Immunodiagnostics
Molecular Diagnostics
Hematology
Urinalysis
Others
By Application
Clinical Pathology
Bacteriology
Parasitology
Virology
Others
By Animal
Companion Animals
Livestock Animals
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Veterinary Reference Laboratory Market, 2025
5.2 Asia Pacific Veterinary Reference Laboratory Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Veterinary Reference Laboratory Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Veterinary Reference Laboratory Market, 2025
5.5 Europe Veterinary Reference Laboratory Market Size Outlook by Type, 2021- 2030
5.6 Europe Veterinary Reference Laboratory Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Veterinary Reference Laboratory Market, 2025
5.8 North America Veterinary Reference Laboratory Market Size Outlook by Type, 2021- 2030
5.9 North America Veterinary Reference Laboratory Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Veterinary Reference Laboratory Market, 2025
5.11 South America Pacific Veterinary Reference Laboratory Market Size Outlook by Type, 2021- 2030
5.12 South America Veterinary Reference Laboratory Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Veterinary Reference Laboratory Market, 2025
5.14 Middle East Africa Veterinary Reference Laboratory Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Veterinary Reference Laboratory Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Veterinary Reference Laboratory Market Size Outlook and Revenue Growth Forecasts
6.2 US Veterinary Reference Laboratory Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Veterinary Reference Laboratory Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Veterinary Reference Laboratory Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Veterinary Reference Laboratory Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Veterinary Reference Laboratory Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Veterinary Reference Laboratory Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Veterinary Reference Laboratory Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Veterinary Reference Laboratory Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Veterinary Reference Laboratory Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Veterinary Reference Laboratory Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Veterinary Reference Laboratory Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Veterinary Reference Laboratory Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Veterinary Reference Laboratory Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Veterinary Reference Laboratory Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Veterinary Reference Laboratory Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Veterinary Reference Laboratory Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Veterinary Reference Laboratory Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Veterinary Reference Laboratory Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Veterinary Reference Laboratory Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Veterinary Reference Laboratory Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Veterinary Reference Laboratory Industry Drivers and Opportunities

7. VETERINARY REFERENCE LABORATORY MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. VETERINARY REFERENCE LABORATORY COMPANY PROFILES

8.1 Profiles of Leading Veterinary Reference Laboratory Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Animal and Plant Health Agency
Animal Health Diagnostic Center
GD Animal Health
Heska Corp
IDEXX Laboratories Inc
LABOKLIN GmbH
NEOGEN Corp
ProtaTek International Inc
SYNLAB International GmbH
Thermo Fisher Scientific Inc
Vaxxinova GmbH
VCA Inc (Mars Inc)
Vetnostics Pty Ltd
Virbac Corp
Washington Animal Disease Diagnostic Laboratory
Zoetis Inc.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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