Veterinary Reference Laboratory (VRL) Market scrutinized in top research report for the forecast 2017-2022 - Scalar Market Research

In recent years, there is a significant rise in the number of livestock and companion animals. As the number of zoonotic animals is increasing, there is a need for efficient veterinary facilities and animal healthcare management to treat the potential zoonotic diseases and its impact on the society. The zoonotic diseases are usually either, bacterial, or viral, or sometimes even parasitic. To study the nature of the disease, advanced diagnostic centers are essential. The developed economies have better veterinary health facilities that enable efficient diagnostics centers and laboratory services to help researchers in developing effective therapeutics. This report studies the current and future aspects of the veterinary reference laboratory market.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The veterinary reference laboratory market is growing at a rapid pace during the forecasted period because of rise in demand for animal healthcare and monitoring services across the world. The increase in zoonotic animals is also driving the market growth as most of the zoonotic diseases affect the human health as well.

2. There is an increase in awareness among people about the zoonotic diseases caused and its effects, because of which there is a high investment made to maintain animal health. The veterinary reference laboratory market is growing significantly due to adoption of veterinary diagnostics facilities and stringent government policies for livestock health.

3. Economically developed countries are making huge investments into animal healthcare research and development activities for evolving better therapeutic options. Due to advancement in technology, laboratories now offer veterinary software that are more efficient in disease diagnosis which is boosting the market growth further. However, sudden disease outbreaks is hampering the growth of the veterinary reference laboratory market.

The global veterinary reference laboratory market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the world. The North America region holds the highest market share and is the largest revenue contributor of the veterinary reference laboratory market. The region continues to dominate the global market due to presence of major key market players, and advanced healthcare infrastructure. In addition, there is high expenditure done on animal healthcare which is promoting the veterinary reference laboratory market growth. The global veterinary reference laboratory market is growing at a rapid pace during the forecasted period because of increase in number of reported veterinary diseases and veterinary healthcare organizations. Next in line is the Asia-Pacific region which is witnessing a rapid market growth due to rise in economic stability for animal healthcare expenditure in countries like India and China.

KEY MARKET PLAYERS

Key players in the veterinary reference laboratory (VRL) market include:

1. IDEXX Laboratories, Inc.
2. VCA, Inc.
3. GD Animal Health
4. Boehringer Ingelheim GmbH
5. Sanofi S.A.
6. Zoetis, Inc.
7. Nutreco N.V.
8. Virbac

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