Veterinary Reference laboratory Market Growth Strategy, Import-Export Analysis and Forecast 2023-2030

As per the report published by The Brainy Insights, the global veterinary reference laboratory market is anticipated to reach USD 9.37 billion by 2030 at a CAGR of 11.3% over the forecast period 2022-2030. The global market for veterinary reference laboratories is projected to see the highest growth in the Asia Pacific region. Along with this, the North American region dominated the market because of the rise in the adoption of pets across the region, frequent medical check-ups, and changes in family organization. These factors are significantly contributing to the regional market growth.

Get Access to PDF Sample : https://www.thebrainyinsights.com/enquiry/sample-request/12849

Veterinary Reference Laboratory Market Size by Animal Type (Companion Animals, Production Animals), Service Type (Hematology, Clinical Chemistry, Molecular Diagnostics, Immunodiagnostics, Others), Application (Clinical Pathology, Toxicology, Productivity Testing, Others, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030.

Major players in the global veterinary reference laboratory market are Briggs & Stratton Corp., Ariens Company, Stanley Black & Decker, Inc., AL-KO KOBER GROUP, Husqvarna AB, Schiller Ground Care, Yamabiko Corp, Techtronic Industries Company Ltd, Emak S.p.A., Honda Motor Company, Ltd., Excel Industries, Inc., CHEVRON (China) Trading Co., Ltd., Andreas Stihl AG & Company KG, MTD Holdings Inc., and Makita Corp., among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The animal type segment is divided into companion animals and production animals. The production animal segment held the largest market share of around 53% in 2021. The companion animal segment is projected to grow at the highest CAGR forecast period. The segment growth is mainly attributed to the rising adoption of companion animals within residential and households in developed and developing regions all across the globe. The service type segment includes clinical chemistry, hematology, immunodiagnostics, and molecular diagnostics. The clinical chemistry segment held the largest market share of around 35% in 2021. Clinical chemistry involves examining, diagnosing, and monitoring the body fluids such as urine and blood. Clinical chemistry technology consists of collecting and reviewing the sample, followed by required consultation. The application segment includes clinical pathology, toxicology, product testing, and others. The clinical pathology segment held the largest market share of around 33% in 2021 because of the increased adoption of pathology-related test services. The pathology-related tests are conducted within the veterinary reference labs for routine check-ups of the pets/pet animals.

Read complete report at: https://www.thebrainyinsights.com/report/veterinary-reference-laboratory-market-12849

The production animals are otherwise known as livestock animals. The livestock industry vertical is considered to be highly dynamic. The industry is rapidly evolving in developing and emerging nations owing to the increasing demand for livestock products. In developed countries, the need for livestock goods is stagnating, while companies are growing their environmental sustainability and efficiency. In the future, the companies within the livestock industry will face severe competition catering to the natural resources (specifically water and land), competition between feed and food, and using the want to function in a carbon-restrained economy.

About the Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.

Avinash D
Head of Business Development
Phone: +1-315-215-1633
Email: sales@thebrainyinsights.com
Web: www.thebrainyinsights.com

This release was published on openPR.