Press release
Veterinary Reference Laboratory Market to Reach USD 12.28 B by 2032 at ~11% CAGR
Veterinary Reference Laboratory Market
According to Maximize Market Research, the global Veterinary Reference Laboratory Market was valued at USD 5.33 billion in 2024, and is forecast to reach approximately USD 12.28 billion by 2032, expanding at a ~11% CAGR from 2025 through 2032 Other sources estimate the market will grow from USD 4.56 B in 2023 to USD 9.65 B by 2030 at an 11.3% CAGR
Download your sample copy of this report today! https://www.maximizemarketresearch.com/request-sample/84180/
Market Overview & Key Drivers
Veterinary reference labs provide essential diagnostic services-clinical chemistry, immunodiagnostics, molecular diagnostics (PCR, sequencing), hematology, urinalysis, microbiology, pathology-serving companion animals, livestock, exotic pets, and wildlife . Growth is fuelled by rising pet ownership, increased livestock biosecurity awareness, population health management, zoonotic disease surveillance, and a shift toward preventive care and One Health frameworks
Latest trends include adoption of AI‐powered diagnostics, automation, telemedicine, and point‐of‐care testing integrated into reference‐lab workflows, enhancing speed, accuracy, and remote access
Competitive Landscape
Leading players include IDEXX Laboratories, Inc., Zoetis Inc., VCA Animal Hospitals (Mars), GD Animal Health, NEOGEN Corporation, Laboklin GmbH, Heska Corporation, Virbac, Thermo Fisher Scientific Inc., SYNLAB (Vet division sold to Mars), and others . These firms are driving innovation through advanced molecular testing, AI software integration, and lab network expansion.
Regional Demand & Highest Growth Region
North America held the largest market share at ~39-40% in 2023-24, underpinned by high pet healthcare spending, regulatory mandates, and established diagnostic infrastructure
Asia-Pacific is the fastest‐growing region (~10.6-12.2% CAGR) due to rising pet ownership, improved veterinary infrastructure, and expanding livestock health services in China, India, Japan, South Korea, and Southeast Asia
Europe contributes robust mid‐single digit‐growth, bolstered by public health initiatives, antimicrobial stewardship, and consolidation of lab networks
Obtain your sample copy of this report now!https://www.maximizemarketresearch.com/request-sample/84180/
COUNTRY‐SPECIFIC INSIGHTS
Vietnam Opportunity Growth
Vietnam's rising pet ownership and livestock industry modernization are sparking demand for advanced animal diagnostics-especially PCR and serology services-to support both companion animal health and agricultural biosecurity.
Thailand Trends Growth
Thailand's expanding medical tourism and vet services ecosystem are accelerating uptake of immunodiagnostics and tele‐lab services that support clinical practitioners across the hospitality and agriculture sectors.
Japan Consolidation Updation
Japanese labs are integrating next‐generation sequencing, AI‐driven fecal diagnostics (e.g. Coo & RIKU), and telepathology within reference services. Partnerships with IDEXX, Zoetis, and NEOGEN support consolidation among domestic academic and clinical players
South Korea Innovation Opportunity
South Korea leads with AI-assisted hematology, automated molecular testing, and tele-diagnostics, supported by government R&D grants and growing cat/dog ownership in urban centers.
Singapore Benchmarking Trends
Singapore serves as a testing hub for telemedicine‐integrated diagnostics and remote vet consultation systems. It's regarded as a regional benchmark for digital veterinary reference operations tied to One Health frameworks.
United States Consolidation Trends
In the U.S., IDEXX, Zoetis, and VCA (Mars) dominate. IDEXX is innovating with its upcoming inVue Dx cellular analyzer and multi-cancer screening panels, while Mars Inc. continues expansion via acquisitions including Heska's lab assets and SYNLAB's veterinary business
Growth in China Trends
China's pet-care economy exceeded USD 40 billion in 2024, with veterinary diagnostics comprising ~28% of that spend. Government and private lab investments-especially in livestock disease surveillance-are rapidly scaling lab capacity and service penetration .
Opportunity & Compliance in Europe
Europe (Germany, UK, France, Italy) emphasizes regulatory compliance, antimicrobial resistance monitoring, and integrated diagnostic services. Mars Incorporated's acquisitions of SYNLAB Vet and Cerba Vet are building pan‐European diagnostic networks
Obtain your sample copy of this report now!https://www.maximizemarketresearch.com/market-report/global-veterinary-reference-laboratory-market/84180/
Veterinary Reference Laboratory Market Segment Analysis:
by Animal Type
Production Animals
Companion Animals
by Application
Clinical Pathology
Toxicology
Productivity Testing
Others
by Service Type
Clinical Chemistry
Haematology
Immunodiagnostics
Others
Mergers, Partnerships & Technological Updation
Mars Inc. has strategically acquired veterinary diagnostic leaders including SYNLAB's vet division, Cerba Vet, Heska Corporation, and VCA Animal Hospitals-building an integrated diagnostics and telehealth portfolio
IDEXX Laboratories continues investment in AI-enabled platforms and next-generation diagnostic hardware including inVue Dx, expanding both test menu breadth and automation
Regional innovation includes Tele‐AI fecal analysis in Japan (e.g. Coo & RIKU) and cloud‐based mobile diagnostics in Southeast Asia to deliver remote supported vet care and tele‐lab referrals.
Key Recent Developments
In October 2024, IDEXX lowered its annual revenue forecast for the third time due to reduced veterinary clinic visits amid inflation and staffing shortages-highlighting demand sensitivity in companion animal diagnostics. However, its Companion Animal Group segment grew 6% YoY to USD 892 million in Q3
AI‐driven histopathology platforms like OncoPetNet have been deployed across high-volume labs, enabling real-time diagnostic decisions-leading to grading changes in ~22% of cases
Get Market Research Latest Trends
Global Computer Aided Detection Market https://www.maximizemarketresearch.com/market-report/global-computer-aided-detection-market/44444/
Casting And Splinting Market https://www.maximizemarketresearch.com/market-report/casting-and-splinting-market/46313/
Global Bioprocess Technology Market https://www.maximizemarketresearch.com/market-report/global-bioprocess-technology-market/16302/
Global Ct Scanner Market https://www.maximizemarketresearch.com/market-report/global-ct-scanner-market/9329/
Global Neurodiagnostics Market https://www.maximizemarketresearch.com/market-report/global-neurodiagnostics-market/82854/
Paediatric Medical Device Market https://www.maximizemarketresearch.com/market-report/paediatric-medical-device-market/11712/
Global Periodontal Equipment Market https://www.maximizemarketresearch.com/market-report/global-periodontal-equipment-market/82422/
Global Medical Polymer Market https://www.maximizemarketresearch.com/market-report/global-medical-polymer-market/12507/
Global Connected Medical Devices Market https://www.maximizemarketresearch.com/market-report/global-connected-medical-devices-market/54089/
Global Cerebral Palsy Market https://www.maximizemarketresearch.com/market-report/global-cerebral-palsy-market/68165/
Global Laparotomy Sponge Market https://www.maximizemarketresearch.com/market-report/global-laparotomy-sponge-market/82669/
Global Kidney Cancer Drugs Market https://www.maximizemarketresearch.com/market-report/global-kidney-cancer-drugs-market/66282/
Global Medical Image Analysis Software Market https://www.maximizemarketresearch.com/market-report/global-medical-image-analysis-software-market/3571/
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Veterinary Reference Laboratory Market to Reach USD 12.28 B by 2032 at ~11% CAGR here
News-ID: 4125157 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Toothbrush Market: A Deep Dive into the Industry's Key Applications and Technolo …
The Toothbrush Market size was valued at USD 7.48 Billion in 2024 and the total Toothbrush revenue is expected to grow at a CAGR of 3.4% from 2025 to 2032, reaching nearly USD 9.78 Billion.
The Toothbrush Market has been witnessing a dynamic transformation with the rising demand for advanced oral care solutions. Modern consumers are increasingly opting for electric and smart toothbrushes equipped with features like timers, pressure sensors, and…
Nail Salon Market : A Look at the Industry's Growth and Future Prospects
The Nail Salon Market size was valued at USD 13.90 Billion in 2024 and the total Nail Salon revenue is expected to grow at a CAGR of 8.1% from 2025 to 2032, reaching nearly USD 25.92 Billion.
The Nail Salon Market is witnessing a surge in popularity due to the rising emphasis on personal grooming and self-care. Modern salons are integrating advanced nail care technologies, eco-friendly products, and innovative designs to…
Global Gas Turbine Market: A Study of the Key Applications and Technologies
Global Gas Turbine Market size was valued at USD 20.28 Bn. in 2023 and the total Gas Turbine revenue is expected to grow by 3.6 % from 2024 to 2030, reaching nearly USD 25.98 Bn.
The Gas Turbine Market is witnessing rapid advancements driven by the increasing demand for efficient and low-emission power generation solutions. Modern gas turbines are designed to optimize fuel efficiency while reducing greenhouse gas emissions, making them…
Cesium Market : An In-Depth Exploration of the Industry
The Cesium Market size was valued at USD 363.58 Million in 2024 and the total revenue is expected to grow at CAGR 6.5 % from 2025 to 2032, reaching nearly USD 601.72 Million.
Cesium, a rare and highly reactive alkali metal, has gained significant attention due to its diverse applications in electronics, aerospace, and defense industries. Its unique properties, such as low melting point, high photoelectric sensitivity, and excellent ionic conductivity,…
More Releases for Vet
My Montgomery Vet Expands Services as a Trusted Urgent Care Vet in Montgomery, A …
Pets are more than companions-they're family. When emergencies or health concerns arise, pet owners need a trusted partner who can provide reliable, compassionate care. My Montgomery Vet, a leading veterinary practice in Montgomery, is proud to announce expanded services designed to meet both routine and urgent needs for local pets. From preventive care to advanced treatments, the hospital is the top choice for families searching for a dependable vet near…
My Montgomery Vet: Montgomery's Trusted Emergency and Urgent Care Vet for Every …
When pets fall ill or face sudden injuries, time becomes the most critical factor. Families across Montgomery know that in these crucial moments, they can count on My Montgomery Vet, a trusted local practice that combines advanced medical care with compassion. Whether searching for a reliable vet near me, a skilled emergency vet, or an accessible urgent care vet, pet owners consistently turn to My Montgomery Vet for excellence in…
My Montgomery Vet Expands Services to Meet Growing Demand for Urgent Care Vet Su …
My Montgomery Vet has expanded its offerings to include enhanced urgent care vet support. This expansion aims to provide timely, professional treatment for non-life-threatening yet pressing health concerns-bridging the gap between regular wellness visits and critical emergency care.
For pet owners, a sudden health issue or unexpected injury to their beloved animal can be both distressing and time-sensitive. Recognising the growing demand for fast, accessible veterinary services, My Montgomery Vet has…
My Montgomery Vet: The Go-To Emergency Vet for Prompt and Professional Pet Care
My Montgomery Vet has established itself as a trusted provider of comprehensive veterinary services in the Montgomery, Texas area, with a special focus on emergency vet care. Their commitment to prompt, professional, and compassionate treatment makes them a go-to resource for pet owners seeking immediate assistance for their furry family members.
My Montgomery Vet: Your Go-To Emergency Vet for Prompt and Professional Pet Care
When a pet faces a sudden health crisis,…
Veterinary Orthopedic Implants Market 2023 Manufacturer Landscape: DePuy Synthes …
Veterinary Orthopedic Implants Market 2023, recently published by MarketsandResearch.biz methodically compiles the principal components of the market study. The report assists clients in predicting investment in an emerging market, expansion of market share, or success of a new product with the help of global Veterinary Orthopedic Implants market research analysis. The global Veterinary Orthopedic Implants market segmentation is administered intimately supported various parameters that include applications, verticals, deployment model, end-user,…
Global Veterinary Orthopedic Implants Market Insights 2019 - DePuy Synthes Vet, …
QY Market Insights has introduced a market study namely, Global Veterinary Orthopedic Implants Market 2019, serving key insights and offering a competitive advantage to consumers through a detailed report. The report delivers a close watch on leading players, technological advancement, market scenarios and trend, and a comprehensive overview of the market situations in the forecast period. The authors have added essential figures associated with the production and consumption forecast for…
