Key Trends Reshaping the Veterinary Reference Laboratory Market: Innovative Technologies Driving Technological Advancements In Veterinary Reference Laboratories Industry Transformation

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Veterinary Reference Laboratory Market Size Growth Forecast: What to Expect by 2025?
The size of the veterinary reference laboratory market has seen significant expansion in the previous years. It's projected to rise from $4.33 billion in 2024 to $4.82 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%. Its growth during the historic interval is due to several factors, including an increase in pet ownership, advances in veterinary medicine, heightened consciousness about animal health, and government initiatives.

How Will the Veterinary Reference Laboratory Market Size Evolve and Grow by 2029?
In the coming years, the veterinary reference laboratory market is predicted to experience substantial expansion. The market is predicted to reach a value of $7.54 billion in 2029, with a CAGR of 11.8%. The growth during the forecast period can be ascribed to factors such as the broadening of the pet trade due to globalization, the surge in the need for specialized testing services, and an increasing emphasis on preventive healthcare. Notable trends for the forecasted period comprise advancements in technology, the adoption of information technology, the rise of telemedicine in veterinary care, international spread of veterinary services, the enlargement of test menus and specialization, along with the emphasis on point-of-care testing.

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What Drivers Are Propelling the Growth of Veterinary Reference Laboratory Market Forward?
The escalation of zoonotic diseases is anticipated to boost the expansion of the veterinary reference laboratories market in the future. These diseases, caused by harmful bacteria, viruses, parasites, and fungi, can lead to a variety of health issues in humans and animals, ranging from mild to severe, and can even result in death. Veterinary reference laboratories serve as a crucial and efficient tool in curbing zoonotic diseases, fostering animal well-being and health, securing safe food production, and ensuring public health. As an illustration, the Centers for Disease Control and Prevention, a US government agency, declared in July 2022 that zoonotic diseases are widespread, not only in the United States but globally. It is estimated by scientists that over 6 in every 10 acknowledged infectious diseases in humans can be transmitted from animals, and 3 out of every 4 newly identified or emerging infectious diseases in humans originate from animals. Consequently, the continual rise in zoonotic diseases is fueling the growth of the veterinary reference laboratories market.

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Which Emerging Trends Are Transforming the Veterinary Reference Laboratory Market in 2025?
Major enterprises involved in the veterinary reference laboratories market are prioritizing the development of sophisticated analytical tools such as Vello to improve veterinary diagnostic procedures and simplify lab workflows. Vello is a cutting-edge diagnostic platform created to supply fast and precise test outcomes for veterinary health evaluations and disease control. For example, in February 2024, IDEXX Laboratories Inc., a firm based in the US which carries out the distribution of merchandise and services for companion animal veterinary, water testing, farm animals and poultry, and dairy, introduced Vello - an inventive Pet Owner Engagement Software Solution, which refines the way practices and clients interact. Vello is the sole pet owner engagement solution specifically crafted for the IDEXX practice management software, facilitating effective communications for veterinary practices utilizing ezyVet®, Neo®, and Cornerstone®. Its functions include automatic reminders, health service alerts, along with an easily navigable mobile web platform for seamless access to pet records and appointment arrangements. This organized method enhances work efficiency within practices, nurtures enhanced client relationships, and results in improved overall pet care.

What Are the Key Segments in the Veterinary Reference Laboratory Market?
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

Subsegments:
1) By Clinical Chemistry: Blood Biochemistry Panels, Electrolyte Analysis, Liver And Kidney Function Tests
2) By Hematology: Complete Blood Count (CBC), Coagulation Testing, Blood Smear Analysis
3) By Immunodiagnostics: Serology Testing, Antibody And Antigen Testing, Allergy Testing
4) By Urinalysis: Urine Chemistry Analysis, Microscopic Examination, Urine Culture And Sensitivity
5) By Molecular Diagnostics: PCR Testing, Genetic Testing, Infectious Disease Detection
6) By Other Services: Cytology, Histopathology, Parasitology

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Who Are the Key Players Shaping the Veterinary Reference Laboratory Market's Competitive Landscape?
Major companies operating in the veterinary reference laboratory market include 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

What Geographic Markets Are Powering Growth in the Veterinary Reference Laboratory Market?
North America was the largest region in the veterinary reference laboratory market in 2024.The regions covered in the veterinary reference laboratory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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