Veterinary Laboratory Testing Services Market Size & Veterinary Laboratory Testing Services Market Growth Opportunities

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Global Veterinary Laboratory Testing Services Market Report 2021: Impact And Recovery From COVID-19

Business Research Company’s 2021 Veterinary Laboratory Testing Services Market Report: COVID-19 Impact and Recovery

LONDON, GREATER LONDON, UK, November 1st, 2021 / – According to the new market research report “Veterinary Laboratory Testing Services Global Market Report 2021: COVID-19 Impact And Recovery,” published by The Business Research Company, The Market For veterinary laboratory testing is expected to grow from $ 15.75 billion in 2020 to $ 17.83 billion in 2021, with an average annual growth rate (CAGR) of 13.2%. The growth is mainly due to companies reorganizing their operations and recovering from the effects of COVID-19, which previously resulted in restrictive containment measures involving social distancing, remote working and the closure of commercial activities that created operational challenges. The market is expected to reach $ 21.47 billion in 2025 at a CAGR of 4.8%. The veterinary laboratory testing market is being driven by the increasing prevalence of animal disease epidemics.

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The veterinary laboratory tests market consists of the sale of laboratory tests for animals. These services include a variety of tests used to diagnose infectious agents, toxins, and other causes of disease in animals. The tests performed include chemical, pathological, serological, hematological, radiological and endocrinological examinations.

Trends in the Global Veterinary Laboratory Testing Market
Veterinary laboratory testing companies are increasingly using multiple testing panels. A test panel is a pre-defined group of medical tests that are used in diagnosing and treating animal disease. The test panels usually consist of individual laboratory tests grouped by sample type, methodology used, or the most frequently requested tests. Multiple test panels offer various benefits such as work efficiency, automation, and reduced costs, which are achieved by performing a large number of tests on a daily basis. For example, Abaxis Inc. uses several single-use test panels designed for a range of conditions where as little as 3 to 4 drops of blood are required to produce up to 14 accurate results.

Global Veterinary Laboratory Testing Market Segments:
The Global Veterinary Laboratory Tests Market is further segmented:
By technology: Clinical Biochemistry, Immunodiagnostics, Hematology, Molecular Diagnostics, Urinalysis, Others
By animal type: pets, livestock
By end user: veterinary clinics and clinics, diagnostic laboratories, research institutes, in-house tests, others
By Geography: The global Veterinary Laboratory Testing Market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, the Middle East, and Africa.

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Veterinary Laboratory Testing Services Global Market Report 2021 is one of a series of new reports from The Business Research Company providing the global market overview, analysis and forecast for the market size and growth of Veterinary Laboratory Testing Services for the global Veterinary Laboratory Testing Services Market, Veterinary Laboratory Testing Market share of Services, Veterinary Laboratory Testing Market Players, Veterinary Laboratory Testing Market Segments and Regions, Revenues, Profiles, and Market Shares of the Leading Veterinary Laboratory Testing Competitors. The Veterinary Laboratory Testing market report identifies top countries and segments for opportunity and strategies based on market trends and the approaches of leading competitors.

Read The Business Research Company’s Global Market Report 2021 for Veterinary Laboratory Testing Services for information on:

Data segmentations: market size, global, by region and by country; Historical and forecast size and growth rates for the world, 7 regions and 12 countries

Market Organizations Covered for Veterinary Laboratory Testing: ABAXIS, Inc., IDEXX Laboratories, Inc., Heska Corporation, Pfizer Animal Health, Neogen Corporation.

Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Great Britain, USA.

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The Business Research Company has published over 1000 industry reports covering over 2500 market segments and 60 regions. The reports draw on 150,000 records, extensive desk research and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on different markets.

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November 01, 2021 10:49 GMT

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