CHICAGO, December 3, 2021 / PRNewswire / – According to new market research report, “Veterinary Reference Laboratory Market by Service Type (Clinical Chemistry, Hematology, Immunodiagnostics, Molecular Diagnostics, Urinalysis) Application (Pathology, Bacteriology, Virology, Parasitology), Animal, and Region – Global Forecast to 2026,” published by MarketsandMarkets ™, is expected to reach the world market $ 6.6 billion until 2026 $ 3.8 billion in 2021 with a CAGR of 11.0% in the forecast period.
Search the full table of contents for the Veterinary Reference Laboratory Market
181 – tables
54 – numbers
260 – pages
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256972714
Factors such as the growth of the pet population, the increasing demand for pet insurance, an increasing number of veterinarians in developed countries, the increasing demand for animal foods and the increasing incidence of cross-border and zoonotic diseases are driving the growth of this market. However, rising pet care costs and increasing demand for POC testing and portable instruments are holding back the growth of this market to some extent.
In terms of service type, the immunodiagnostic services segment is expected to make up the largest share of the market.
The immunodiagnostic services segment had the largest share of the veterinary reference laboratory market. The large portion of this segment is primarily due to the widespread popularity of immunodiagnostics for diagnosing disease, screening disease progression, and monitoring patient response to therapy.
Based on the application, the clinical pathology segment is expected to make up the largest share of the veterinary reference laboratory market.
The clinical pathology segment had the largest market share in 2020. The increasing volume of pathology tests performed is driving the demand for diagnostic products and consumables for clinical pathology applications.
Based on animal type, the Pet segment is expected to represent the largest share of the veterinary reference laboratory market.
The pets made up the largest share of the market. This segment is also expected to see the highest CAGR during the forecast period. The high share and growth rate of this segment is largely due to the increasing adoption of pets, rising disposable incomes, the growing willingness of pet owners to spend more on animal health, and the increasing incidence of zoonotic diseases.
Request sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=256972714
North America to dominate the Veterinary Reference Laboratory market during the forecast period.
North America had the largest market share in 2020. The growth of the North American market is due to increased pet adoption, the growing pet insurance industry, increasing spending on veterinary health care, and the growing number of veterinary practices. In addition, the majority of the market participants are based in the USA.
Prominent players in the Veterinary Reference Laboratory market are IDEXX Laboratories, Inc. (US), VCA, Inc. (US), GD Animal Health (Netherlands), Boehringer Ingelheim (Germany), Zoetis Inc. (USA), NEOGEN Corporation (USA), LABOKLIN GmbH (Germany), SYNLAB International GmbH (Germany), Heska Corporation (USA), Virbac (USA) and Thermo Fisher Scientific, Inc. (USA).
Talk to an Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=256972714
Browse Nearby Markets: Medical Device Market Research Reports and Advice
Browse related reports:
Companion Animal Diagnostics Market by Technology (Immunodiagnostics, Clinical Biochemistry, Hematology, Urinalysis), Application (Clinical Pathology, Virology, Bacteriology, Parasitology), Animal (Dog, Cat, Horse), End-User – Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/companion-animal-diagnostic-market-173823870.html
Veterinary Infectious Disease Diagnostics Market By Technology (Immunodiagnostics (Lateral Flow Assays, ELISA), Molecular Diagnostics), Animal (Companion, Farm), Pathogens (Bacteria, Viruses, Parasites), End Users (Laboratory, Hospital, Clinics, PoC) – Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/veterinary-infectious-disease-diagnostic-market-221816584.html
About MarketsandMarkets ™
MarketsandMarkets ™ provides quantified B2B research on 30,000 high growth niche opportunities / threats that will affect 70% to 80% of companies’ global sales. It currently serves 7,500 customers worldwide, including 80% of the global Fortune 1000 companies as customers. Nearly 75,000 top managers from eight industries worldwide turn to MarketsandMarkets ™ because of their difficulty in making sales decisions.
Our 850 full-time analysts and SMEs at MarketsandMarkets ™ pursue global growth markets according to the “Growth Engagement Model – GEM”. The GEM aims to work proactively with customers to identify new opportunities, identify key customers, write strategies to attack, avoid and defend, and identify sources of additional revenue for both the company and its competitors. MarketsandMarkets ™ now offers 1,500 MicroQuadrants (positioning of top players from leading companies, emerging companies, innovators and strategic players) annually in high-growth emerging segments. MarketsandMarkets ™ is determined to assist more than 10,000 companies with their revenue planning this year and to help them get their innovations / disruptions to market early by providing them with predictive research.
MarketsandMarkets’ flagship platform for competitive intelligence and market research, Knowledge Store, connects over 200,000 markets and entire value chains to provide a deeper understanding of unprecedented insights along with market sizes and niche market forecasts.
Contact:
Mr. Aashish Mehra
MarketsandMarkets ™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
United States of America: + 1-888-600-6441
E-mail: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/veterinary-reference-laboratory-market.asp
Visit our website: https://www.marketsandmarkets.com
Content source: https://www.marketsandmarkets.com/PressReleases/veterinary-reference-laboratory.asp
SOURCE MarketsandMarkets