Veterinary Reference Laboratory Market Size And Strategies 2024-2033 - Growth Analysis, Outlook, Overview

"The new report published by The Business Research Company, titled ""Veterinary Reference Laboratory Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the veterinary reference laboratory market size has grown rapidly in recent years. It will grow from $3.9 billion in 2023 to $4.37 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The veterinary reference laboratory market size is expected to see rapid growth in the next few years. It will grow to $6.85 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.

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The Role Of Zoonotic Diseases In Driving Growth In The Veterinary Reference Laboratories Market
The increasing prevalence of zoonotic diseases is expected to propel the growth of the veterinary reference laboratories market going forward. Zoonotic diseases are caused by pathogenic bacteria, viruses, parasites, and fungi. These viruses can cause a wide range of ailments in humans and animals, from moderate to severe illness and even death. Veterinary reference laboratories are powerful and important tools for preventing zoonotic illnesses, promoting animal health and welfare, safe food production, and public health. For instance, in July 2021, according to the Centers for Disease Control and Prevention, a US-based Government Agency, Zoonotic diseases are very common, both in the United States and around the world. Scientists estimate that more than 6 out of every 10 known infectious diseases in people can be spread from animals, and 3 out of every 4 new or emerging infectious diseases in people come from animals. Therefore, the increasing prevalence of zoonotic diseases is driving the growth of the veterinary reference laboratories market.

Innovative Technologies Driving Technological Advancements In Veterinary Reference Laboratories
Technological advancement is a key trend gaining popularity in the veterinary reference laboratories market. Major companies operating in the veterinary reference laboratorie market are concentrating their efforts on creating innovative technologies in to sustain their position. For instance, in January 2020, IDEXX Laboratories Inc., a US-based company engaged in the distribution of products and services for companion animal veterinary, water testing, livestock and poultry, and dairy, launched IDEXX's proprietary VetConnect PLUS, a new rapid digital cytology service that digitally connects veterinarians to the world's largest network of more than 100 veterinary clinical pathologists, allowing them to receive cytology interpretations in as little as 2 hours, the service will be available 24 hours a day, seven days a week, 365 days a year. IDEXX has also integrated digital cytology capacity into its reference laboratories, allowing veterinarians who submit cytology cases to IDEXX Reference Laboratories to benefit from shorter turnaround times as well as expanded access to IDEXX's world-class network of pathologists. Several reference laboratory digital cytology customers now benefit from deeper case collaboration among IDEXX's diverse expertise, as well as increased capacity to guide cases to the pathologist best suited to provide an interpretation.

The veterinary reference laboratory market covered in this report is segmented -

1) By Services: Clinical Chemistry, Hematology, Immunodiagnostics, Urinalysis, Molecular Diagnostics, Other Services
2) By Animal Type: Companion Animals, Livestock Animals
3) By Application: Clinical Pathology, Bacteriology, Parasitology, Virology, Productivity Testing, Pregnancy Testing, Toxicology Testing
4) By End User: Veterinary Hospitals, Veterinary Clinics

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Major companies operating in the veterinary reference laboratory market report are IDEXX Laboratories Inc., VCA Animal Hospitals incorporated, Royal GD, C. H. Boehringer Sohn AG & Co. KG, Zoetis Inc., Neogen Corporation, Laboklin GmbH & Co. KG, SYNLAB International GmbH, Heska Corporation, Virbac Corporation, Thermo Fisher Scientific Inc., Texas A&M Veterinary Medical Diagnostic Laboratory, University of Minnesota, Iowa State University, Vetnostics, ProtaTek International Inc., Animal and Plant Health Agency, Animal Health Diagnostic Center, National Veterinary Services Laboratory, Washington Animal Disease Diagnostic Laboratory, Kansas State Veterinary Diagnostic Laboratory, Randox Laboratories Ltd., Greencross Ltd., Gribbles Veterinary Pathology Pty. Ltd., Mars Inc., Vaxxinova Gmbh, Pirbright Institute, Biobest Laboratories Ltd., Biovet Private Limited, Fujifilm Holdings Corporation

Contents of the report:
1. Executive Summary
2. Veterinary Reference Laboratory Market Report Structure
3. Veterinary Reference Laboratory Market Trends And Strategies
4. Veterinary Reference Laboratory Market - Macro Economic Scenario
5. Veterinary Reference Laboratory Market Size And Growth
…..
27. Veterinary Reference Laboratory Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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