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(2022-2031) Veterinary Laboratory Testing Services Global Market Analysis And Forecast | Technologies, Demand, Growth, Research And Development
Veterinary Laboratory Testing Services Market
According to The Business Research Company's veterinary laboratory testing services market report, The global veterinary laboratory testing services market size reached a value of nearly $20,548.1 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.5% since 2016. The market is expected to grow from $20,548.1 million in 2021 to $31,298.4 million in 2026 at a rate of 8.8%. The market is then expected to grow at a CAGR of 7.8% from 2026 and reach $45,296.0 million in 2031.
The increasing penetration of pet insurance is expected to drive the veterinary laboratory testing services market in the forecast period. Globally, the pet insurance market is largely untapped with extremely low penetration rates providing a large market opportunity. In developed economies such as the USA, the pet insurance penetration rate is around 1%, although in Western European countries such as the UK the penetration rate is around 20%.
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The veterinary laboratory testing services market is segmented -
• By Type: Companion Animals, Livestock
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the veterinary laboratory testing services market.
Major competitors in the veterinary laboratory testing services market include IDEXX Laboratories, Mars Incorporated, Zoetis Inc, CVS Group PLC, Heska Corporation
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The veterinary laboratory testing services market consists of sales of laboratory testing services for the detection of disease in animals. These services consist of various tests conducted for the diagnosis of infectious agents, toxins, and other causes of diseases in animals. The tests conducted involve chemistry, pathology, serology, hematology, radiography, and endocrinology-related assessments.
The Table Of Content For The Veterinary laboratory testing services Market Include:
1. Veterinary laboratory testing services Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
…….
20. Veterinary laboratory testing services Market Opportunities And Strategies
21. Veterinary laboratory testing services Market, Conclusions And Recommendations
22. Appendix
The Business Research Company's "Global Veterinary laboratory testing services Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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