Veterinary Reference Laboratory Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The veterinary reference laboratory is directed at delivering high-quality animal health diagnostic testing and services. These laboratories can accomplish acceptable quality requirements more generally than in-clinic laboratories. The testing services given by the reference laboratory cover the areas of clinical chemistry, hematology, urinalysis, cytopathology, endocrinology, parasitology, microbiology, serology, and histopathology.

MARKET SCOPE

The "Global Veterinary Reference Laboratory Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the veterinary reference laboratory market with detailed market segmentation by product, end user, and geography. The report provides key statistics on the market status of the leading veterinary reference laboratory market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on technology, the global veterinary reference laboratory market is segmented into molecular diagnostics, immunodiagnostics, hematology, clinical chemistry.
  
•   Based on technology, the global veterinary reference laboratory market is segmented into clinical pathology, virology, bacteriology, toxicology, others
  
•   Based on end user, the market is bifurcated into veterinary hospitals, veterinary clinics, others.
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MARKET DYNAMICS
Drivers:

•   Rising pet adoption
  
•   Increasing demand for pet insurance
  
•   Rising animal healthcare expenditure
  
•   Growing demand for animal-derived food products
  

Restraints:

•   Rising pet care costs
  
•   Increasing demand for POC testing and portable instruments
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The veterinary reference laboratory market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the veterinary reference laboratory market in these regions.

IMPACT OF COVID-19 ON VETERINARY REFERENCE LABORATORY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Due to lockdown constraints and social distancing rules due to COVID-19 across various countries through the first half of 2021, the market saw a slight dip in the number of veterinary clinic visits for routine testing. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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Veterinary Reference Laboratory Market Report Analysis

Veterinary Reference Laboratory Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• IDEXX Laboratories, Inc.
• ProtaTek International, Inc.
• Sanofi
• Neogen Corporation
• Marshfield Clinic
• Zoetis
• Phoenix Lab
• GD
• VCA, Inc. (Antech Diagnostics, Inc.)

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Technology

• Molecular Diagnostics
• Immunodiagnostics
• Hematology
• Clinical Chemistry

By Application

• Clinical Pathology
• Virology
• Bacteriology
• Toxicology

By End User

• Veterinary Hospitals
• Veterinary Clinics

MARKET PLAYERS

The report covers key developments in the veterinary reference laboratory market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from veterinary reference laboratory market are anticipated to lucrative growth opportunities in the future with the rising demand for veterinary reference laboratory in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the veterinary reference laboratory market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   IDEXX Laboratories, Inc.
  
•   ProtaTek International, Inc.
  
•   Sanofi
  
•   Neogen Corporation
  
•   Marshfield Clinic
  
•   Zoetis
  
•   Phoenix Lab
  
•   GD
  
•   VCA, Inc. (Antech Diagnostics, Inc.)
  
•   Virbac
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Veterinary Reference Laboratory Market Report Scope