Evolving Market Trends In The Veterinary Laboratory Testing Services Industry: Enhancing Veterinary Diagnostic Efficiency The Adoption Of Multiple Testing Panels

The Veterinary Laboratory Testing Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Veterinary Laboratory Testing Services Market Size During the Forecast Period?
The market size for veterinary laboratory testing services has experienced significant expansion in the past few years. The market, which is expected to increase from $78.2 billion in 2024 to $84.43 billion in 2025, is set to exhibit a compound annual growth rate (CAGR) of 8.0%. The historical growth can be linked to factors such as an increase in disposable income, higher pet adoption rates, increase in merger and acquisition activities, elevated expenditure on animal healthcare, augmented pet spending, and proliferation in the companion animal population.

The market size of veterinary laboratory testing services is predicted to experience robust growth over the ensuing years, reaching $111.58 billion by 2029 at a compound annual growth rate (CAGR) of 7.2%. The projected growth within this period can be ascribed to factors such as the rising engagement with pet insurance, the swift expansion of urban demography, heightened consciousness around animal health and the progression of innovative rapid tests and movable devices for point-of-care testing, all of which are expected to fuel market expansion. Key trends anticipated during the forecast period encompass embracing multi-testing panels, utilization of artificial intelligence (AI), introduction of innovative pathogen PCR (polymerase chain reaction) tests, emphasized attention towards partnerships and collaborations, and the unveiling of novel, inventive products.

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What Are the High-Growth Segments in the Veterinary Laboratory Testing Services Market?
The veterinary laboratory testing services market covered in this report is segmented -

1) By Technology: Clinical Biochemistry, Immunodiagnostics, Hematology, Molecular Diagnostics, Other Technologies
2) By Animal Type: Companion Animals, Livestock
3) By End User: Veterinary Hospitals And Clinics, Diagnostic Laboratories, Research Institutes, In-House Testing, Other End-Users

Subsegments:
1) By Clinical Biochemistry: Blood Chemistry Analysis, Urinalysis, Electrolyte Analysis, Glucose Monitoring, Immunodiagnostics
2) By Immunodiagnostics: Enzyme-Linked Immunosorbent Assay (ELISA), Lateral Flow Assays (LFA), Radioimmunoassay, Rapid Tests
3) By Hematology: Complete Blood Count (CBC), Blood Smear Examination, Coagulation Tests, Hemoglobin Analysis
4) By Molecular Diagnostics: Polymerase Chain Reaction (PCR), Nucleic Acid Sequencing, Microarrays, Hybridization
5) By Other Technologies: Cytology, Microbiology, Urinalysis

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What Key Drivers Are Expected to Influence Future Veterinary Laboratory Testing Services Market Growth?
The surge in the veterinary laboratory testing services market is attributed to the increased occurrence of animal disease epidemics. For example, there is a rise in lab testing for cattle as they fall prey to a variety of pathogens. Besides, global livestock is increasingly susceptible to diseases triggered by pathogens and viruses. Salmonella and Campylobacter, which inhabit the intestinal tracts of animals like chickens, swine, and cattle, are the most prevalent zoonotic pathogens and the leading causes of foodborne diseases globally. As these diseases can transfer to humans via the food chain, they pose a significant risk. Consequently, initiatives to control these infections in animals fuel the growth of the veterinary lab testing market. According to the FoodNet system of the Center for Disease Control and Prevention, USA, 24,484 foodborne sickness cases, 5,677 hospital admissions, and 122 fatalities were reported. The highest incidence rates per 100,000 were for Campylobacter, Salmonella, and Shigella-organisms responsible for bacterial gastroenteritis, a gut disorder-in the USA.

Which Companies Hold the Largest Share Across Different Veterinary Laboratory Testing Services Market Segments?
Major companies operating in the veterinary laboratory testing services market include IDEXX Laboratories, Mars Incorporated, Zoetis Inc, CVS Group PLC, Heska Corporation, Gribbles Veterinary, Neogen Corporation, GD Animal Health, Greencross Limited, ProtaTek International, Inc, Vetserv India, Pathvets, VETLAB, MSD Animal Health (Merck), Boehringer Ingelheim, Bayer Healthcare, Vetoquinol SA, Ceva Sante Animale, Frantz Cappe, Clinique Veterinaire Metivet, Alizee Vet Clinic, Cristina Cardone, Abbey House Veterinary Hospital, Aberdeen Veterinary Referrals, Abington Park Vets, Acorn House Veterinary Hospital, Alma Veterinary Hospital, Anderson Moores Veterinary Specialists, Animal Trust Vets CIC Bolton, Animed Veterinary Hospital & Equine Unit, Draminski, Agnieszka Jakubowska Equi Serwis Gabinet Weterynaryjny, BHH MIKROMED SP. Z O.O, BWF Technologies Sp. Z O.O, Bioticapharma, Veterinary Purchasing Company Limited, Associated Vet Purchasing, Acell, Addison Biological Laboratory Inc, Colorado Serum Company, Elanco Animal Health, Icare Tonovet, Kindred Biosciences, Merck Animal Health, Norbrook Inc, J.A Saude Animal, Eurofins Sao Paulo Brazil, Vaxxinova, Gulf Veterinary Services Company, Mansour Al Mosaid Group, Karaman Veterinary Medicines Co LLC, IFT ANIMAL HEALTH LLC, Bupo Animal Health, Virbac SA, Animal Care Services Konsult Nigeria Ltd, Egavet, Al Walaa Co, Alliance Pharma EG, Cowtribe

What Trends Are Driving Growth in The Veterinary Laboratory Testing Services Market?
Companies in the field of veterinary laboratory testing services have begun to adopt multiple testing panels more frequently. These panels, which are predetermined sets of medical tests used in diagnosing and treating animal diseases, are often made up of individual laboratory tests and are classified by the type of specimen, the method used, or the most commonly requested tests. The use of multiple testing panels has several benefits, such as enhanced labor productivity, automation, and lower costs, which are achieved by carrying out numerous tests on a daily basis. For example, Abaxis Inc. employs numerous single-use test panels designed to tackle several conditions; only 3 to 4 drops of blood are needed to yield up to 14 accurate results.

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What Are the Emerging Geographies for The Veterinary Laboratory Testing Services Market Growth?
North America was the largest region in the veterinary laboratory testing market in 2024. Asia-Pacific was the second-largest region in the global veterinary laboratory testing market report. The regions covered in the veterinary laboratory testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Veterinary Laboratory Testing Services Market?
2. What is the CAGR expected in the Veterinary Laboratory Testing Services Market?
3. What Are the Key Innovations Transforming the Veterinary Laboratory Testing Services Industry?
4. Which Region Is Leading the Veterinary Laboratory Testing Services Market?

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