LONDON, June 16, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the veterinary laboratory testing services market, the development of innovative rapid tests and portable instruments for point-of-care (POC) testing will contribute to the growth of the market in the forecast period. Innovative and portable instruments make testing more accurate and accessible to the general public, contributing to the growth of the veterinary laboratory testing services market during the forecast period. For example, in April 2022, PBD Biotech, a UK-based biotech company, launched a new Johne’s disease testing service for the identification of the disease. Also, in June 2021, PetDx, a US-based molecular diagnostics company dedicated to unleashing the power of genomics to improve pet health, launched its innovative product, OncoK9, a novel multi-cancer early detection test that helps veterinarians detect cancer in dogs earlier by using a simple blood draw. In May 2022, the Ministry of Fisheries, Animal Husbandry & Dairy and the Government of India launched mobile veterinary units (MVUs) from Karnataka.
request for a sample of the global veterinary laboratory testing services market report
The global veterinary laboratory testing services market size is expected to grow from $20.55 billion in 2021 to $23.08 billion in 2022 at a compound annual growth rate (CAGR) of 12.3%. The global veterinary laboratory testing service market size is expected to grow to $34.66 billion in 2026 at a CAGR of 10.7%.
IDEXX Laboratories, Inc. was the largest competitor in the veterinary laboratory testing services industry in 2021, with a 2.94% share of the market. IDEXX Laboratories, Inc. is an American multinational corporation that offers products and services for the animal veterinary, water testing, livestock and poultry, and dairy markets. It also sells portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics industry. The company sells its products and services to more than 175 countries. The company has 10,350 employees worldwide. It is headquartered in Westbrook, Maine, USA, and was incorporated in 1983. IDEXX’s growth strategy focuses on expanding its business operations in veterinary laboratory testing services through the launching of new products for testing. For instance, in August 2020, IDEXX launched a new ProCyte One hematology analyzer. The advanced technology of the ProCyte One hematology analyzer provides breakthrough workflow simplicity and consistent, accurate results at the point of care.
Major players in the veterinary services market are ABAXIS, Inc., IDEXX Laboratories, Inc., Heska Corporation, Pfizer Animal Health, Neogen Corporation, Thermo Fisher Scientific Inc., Zoetis, Inc., IDVet, Virbac, Zoetis, VCA Antech, Inc ., and Prionics AG.
TBRC’s global veterinary laboratory testing services market analysis is segmented by technology into clinical biochemistry, immunodiagnostics, hematology, molecular diagnostics, urinalysis, others; by animal type into pet animals, livestock; by end-user into veterinary hospitals and clinics, diagnostic laboratories, research institutes, in-house testing, others.
NorthAmerica what the largest region in the veterinary laboratory testing market in 2021. Asia Pacific what the second-largest region in the global veterinary lab testing market. The regions covered in the global veterinary laboratory testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Veterinary Laboratory Testing Services – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide veterinary laboratory testing services market overviews, veterinary laboratory testing services market analyze and forecast market size and growth for the whole market, veterinary laboratory testing services market segments and geographies, veterinary laboratory testing services market trends, veterinary laboratory testing services market drivers, veterinary laboratory testing services market restraints, veterinary laboratory testing services market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Not the market you are looking for? check out some ssimilar market intelligence reports:
Veterinary Healthcare Global Market Report 2022 – By Type (Veterinary Services, Veterinary Medical Equipment, Animal Medicine), By Product (Instruments/Equipment, Disposables), By Animal Type (Dogs And Cats, Horses, Ruminants, Swine, Poultry) – Market Size , Trends, And Global Forecast 2022-2026
Veterinary Diagnostic Equipment Global Market Report 2022 – By Product (Haematology, Immunodiagnostics, Clinical Chemistry, Molecular Testing), By End Users (Hospitals And Clinics, Reference Laboratories, Universities/Research Centres, Point-Of-Care/In-House Testing), By Animal (Livestock Cattle, Domestic Pets) – Market Size, Trends, And Global Forecast 2022-2026
Veterinary Imaging Equipment Global Market Report 2022 – By Type (Radiography (X-Ray System, Ultrasound Imaging System, Computed Tomography Imaging System, Video Endoscopy Imaging System, Magnetic Resonance Imaging System, Other Types), By End User (Veterinary Hospitals, Veterinary Clinics , Academic And Research Organizations, Other End Users), By Application (Orthopedics And Traumatology, Oncology, Cardiology, Neurology, Other Applications), By Animal Type (Small Companion Animals, Large Animals, Other Animal Types), By Modality (Portable, Stationery ) – Market Size, Trends, And Global Forecast 2022-2026
Interested to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
The World’s Most Comprehensive Database
The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.