Veterinary Reference Laboratory Market Share, Trends, Size, Competition and Future Growth 2032
Veterinary Reference Laboratory Market Size- By Technology, By Animal Type, By Application, By End User– Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Jan-2023 | Report ID: HLCA2304 | Pages: 1 - 228 | Formats*: |
| Category : Healthcare | |||
Global Veterinary Reference Laboratory Market Overview
According to SPER Market Research, the Global Veterinary Reference Laboratory Market is estimated to reach USD 9.36 billion by 2032 with a CAGR of 7.84%.
During the anticipated period, the global veterinary reference laboratory market is anticipated to expand. The veterinary reference laboratory market has experienced rapid expansion due to the rising trend of pet adoption, rising demand for meat and dietary items made from animals, and rising costs associated with animal healthcare. Nevertheless, it is anticipated that over the course of the forecast period, the global veterinary reference laboratory market will be driven by factors such as the growing number of veterinary reference laboratory professionals, their rising income levels in developed countries, and increased awareness of animal illnesses. As more veterinary immunodiagnostic kits are used in applications including advanced diagnostic platforms and immunoassay formats, the industry growth is projected to accelerate. The need for veterinary health immunodiagnostics tests is also anticipated to increase throughout the forecasted period as a result of growing consumer demand for animal-derived products as well as companion and livestock animals.
Impact of COVID-19 on the Global Veterinary Reference Laboratory Market
Most industry have had negative effects as a result of COVID. This is attributable to the significant interruptions that various precautionary lockdowns and other restrictions imposed by governing bodies around the world created in their respective manufacturing and supply-chain operations. The same is true for the global market for veterinary reference labs. Additionally, because this outbreak has had such a negative influence on the general economic status of the majority of people, consumer demand has now fallen as people have become more inclined to eliminate non-essential expenditure from their own budgets. The aforementioned elements are predicted to have an adverse effect on the revenue trajectory of the global market for veterinary reference laboratories throughout the course of the forecast year. We predict a recovery in the worldwide veterinary reference laboratory market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Technology, By Animal Type, By Application, By End User |
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Boehringer Ingelheim, Colorado State University, Friedrich-Loeffler-Institute, GD Animal Health, Heska Corporation, IDEXX Laboratories Inc., IDVet, Kansas State Veterinary Diagnostic Laboratory, LABOKLIN GmbH, NEOGEN Corporation, Prota Tek International Inc., SYNLAB International GmbH, Texas A&M Veterinary Medical Diagnostic Laboratory, The Pirbright Institute, Thermo Fisher Scientific Inc., VCA, Inc., Vetnostics, Virbac, Washington Animal Disease Diagnostic Laboratory, Zoetis Inc. |
Target Audience-
- Clinics
- Hospitals
Global Veterinary Reference Laboratory Market Segmentation:
1. By Technology:
- Clinical Chemistry
- Hematology
- Immunodiagnostics
- Lateral Flow Rapid Tests
2. By Animal Type:
- Companion Animals
- Cats
- Dogs
- Livestock Animals
- Cattle
- Poultry
3. By Application:
- Bacteriology
- Clinical Pathology
- Parasitology
- Pregnancy Testing
4. By End User:
- Clinics
- Hospitals
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Veterinary Reference Laboratory Market (FY’2019-FY’2032)
- Overview of Global Veterinary Reference Laboratory Market
- Segmentation of Global Veterinary Reference Laboratory Market By Technology (Clinical Chemistry, Hematology, Immunodiagnostics, Molecular Diagnostics, Others)
- Segmentation of Global Veterinary Reference Laboratory Market By Animal Type (Companion Animals, Livestock Animals)
- Segmentation of Global Veterinary Reference Laboratory Market By Application (Bacteriology, Clinical Pathology, Parasitology, Pregnancy Testing, Productivity Testing, Toxicology, Virology, Others)
- Segmentation of Global Veterinary Reference Laboratory Market By End User (Clinics, Hospitals)
- Statistical Snap of Global Veterinary Reference Laboratory Market
- Growth Analysis of Global Veterinary Reference Laboratory Market
- Problems and Challenges in Global Veterinary Reference Laboratory Market
- Competitive Landscape in the Global Veterinary Reference Laboratory Market
- Impact of COVID-19 and Demonetization on Global Veterinary Reference Laboratory Market
- Details on Recent Investment in Global Veterinary Reference Laboratory Market
- Competitive Analysis of Global Veterinary Reference Laboratory Market
- Major Players in the Global Veterinary Reference Laboratory Market
- SWOT Analysis of Global Veterinary Reference Laboratory Market
- Global Veterinary Reference Laboratory Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Veterinary Reference Laboratory Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Veterinary Reference Laboratory Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Veterinary Reference Laboratory Market
7. Global Veterinary Reference Laboratory Market, By Technology, 2019-2032 (USD Million)
7.1 Clinical Chemistry7.2 Hematology7.3 Immunodiagnostics
7.3.1 ELISA7.3.2 Lateral Flow Rapid Tests7.3.3 Others
7.4 Molecular Diagnostics
7.4.1 Microarrays7.4.2 PCR7.4.3 Others
7.5 Others
8. Global Veterinary Reference Laboratory Market, By Animal Type, 2019-2032 (USD Million)
8.1 Companion Animals
8.1.1 Cats8.1.2 Dogs8.1.3 Horses8.1.4 Other
8.2 Livestock Animals
8.2.1 Cattle8.2.2 Poultry8.2.3 Swine8.2.4 Other
9. Global Veterinary Reference Laboratory Market, By Application, 2019-2032 (USD Million)
9.1 Bacteriology9.2 Clinical Pathology9.3 Parasitology9.4 Pregnancy Testing9.5 Productivity Testing9.6 Toxicology9.7 Virology9.8 Others
10. Global Veterinary Reference Laboratory Market, By End User, 2019-2032 (USD Million)
10.1 Clinics10.2 Hospitals
11. Global Veterinary Reference Laboratory Market, By Region, 2019-2032 (USD Million)
11.1 Global Veterinary Reference Laboratory Size and Market Share by Region (2019-2025)11.2 Global Veterinary Reference Laboratory Size and Market Share by Region (2026-2032)11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China11.3.3 India11.3.4 Japan11.3.5 South Korea11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France11.4.2 Germany11.4.3 Italy11.4.4 Spain11.4.5 United Kingdom11.4.6 Rest of Europe
11.5 Middle East & Africa
11.5.1 Kingdom of Saudi Arabia11.5.2 United Arab Emirates11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada11.6.2 Mexico11.6.3 United States
11.7 Latin America
11.7.1 Argentina11.7.2 Brazil11.7.3 Rest of Latin America
12. Company Profiles
12.1 Boehringer Ingelheim
12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments
12.2 Colorado State University
12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments
12.3 Friedrich-Loeffler-Institute
12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments
12.4 GD Animal Health
12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments
12.5 Heska Corporation
12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments
12.6 IDEXX Laboratories, Inc.
12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments
12.7 IDVet
12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments
12.8 Kansas State Veterinary Diagnostic Laboratory
12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments
12.9 LABOKLIN GmbH
12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments
12.10 NEOGEN Corporation
12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent developments
12.11 Prota Tek International, Inc.
12.11.1 Company details12.11.2 Financial outlook12.11.3 Product summary12.11.4 Recent developments
12.12 SYNLAB International GmbH
12.12.1 Company details12.12.2 Financial outlook12.12.3 Product summary12.12.4 Recent developments
12.13 Texas A&M Veterinary Medical Diagnostic Laboratory
12.13.1 Company details12.13.2 Financial outlook12.13.3 Product summary12.13.4 Recent developments
12.14 The Pirbright Institute
12.14.1 Company details12.14.2 Financial outlook12.14.3 Product summary12.14.4 Recent developments
12.15 Thermo Fisher Scientific, Inc.
12.15.1 Company details12.15.2 Financial outlook12.15.3 Product summary12.15.4 Recent developments
12.16 VCA, Inc.
12.16.1 Company details12.16.2 Financial outlook12.16.3 Product summary12.16.4 Recent developments
12.17 Vetnostics
12.17.1 Company details12.17.2 Financial outlook12.17.3 Product summary12.17.4 Recent developments
12.18 Virbac
12.18.1 Company details12.18.2 Financial outlook12.18.3 Product summary12.18.4 Recent developments
12.19 Washington Animal Disease Diagnostic Laboratory
12.19.1 Company details12.19.2 Financial outlook12.19.3 Product summary12.19.4 Recent developments
12.20 Zoetis Inc.
12.20.1 Company details12.20.2 Financial outlook12.20.3 Product summary12.20.4 Recent developments
13. List of Abbreviations
14. Reference Link
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Veterinary Reference Laboratory Market is projected to reach USD 9.36 billion by 2032, growing at a CAGR of 7.84% during the forecast period.
Veterinary Reference Laboratory Market grew in market size from 2021. The Market is expected to reach USD 9.36 billion by 2032, at a CAGR of 7.84% during the forecast period.
Veterinary Reference Laboratory Market CAGR of 7.84% during the forecast period.
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Veterinary Reference Laboratory Market size is USD 9.36 billion from 2022 to 2032.
Veterinary Reference Laboratory Market segment is Covered Segments Covered By Technology, By Animal Type, By Application, By End User.
The North America region is anticipated to have the highest market share in the Veterinary Reference Laboratory Market.
The key players in the market include Companies Covered Boehringer Ingelheim, Colorado State University, Friedrich-Loeffler-Institute, GD Animal Health, Heska Corporation, IDEXX Laboratories Inc., IDVet, Kansas State Veterinary Diagnostic Laboratory, LABOKLIN GmbH, NEOGEN Corporation, Prota Tek International Inc., SYNLAB International GmbH, Texas A&M Veterinary Medical Diagnostic Laboratory, The Pirbright Institute, Thermo Fisher Scientific Inc., VCA, Inc., Vetnostics, Virbac, Washington Animal Disease Diagnostic Laboratory, Zoetis Inc.
The need for veterinary health immunodiagnostics tests is also anticipated to increase throughout the forecasted period as a result of growing consumer demand for animal-derived products as well as companion and livestock animals.
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