The Business Research Company’s report on the Veterinary Laboratory Testing Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the veterinary laboratory testing services industry?
The veterinary laboratory testing services market is being driven by the rising prevalence of disease epidemics in animals. For instance, cattle are getting infected by a wide group of pathogens, which is leading to a rise in the number of laboratory tests done for cattle. Moreover, livestock globally is becoming vulnerable to infectious diseases caused by pathogens and viruses. For instance, Salmonella and Campylobacter are the two most common zoonotic pathogens that are present in the intestine tracts of animals, such as chickens, swine, and cattle, and are leading causes of foodborne disease worldwide. These diseases get passed through the food chain to humans, which is a potential threat. Therefore, efforts to curb these infections in animals are driving the market for veterinary laboratory testing. The FoodNet system (Center for Disease Control and Prevention, USA) identified 24,484 foodborne illnesses, 5,677 hospitalizations, and 122 deaths. The highest incidences per 100,000 people were for Campylobacter, Salmonella, and Shigella(these are organisms causing bacterial gastroenteritis, which is a digestive problem) in the USA.
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What is the estimated market size of the veterinary laboratory testing services sector by 2029, based on current forecasts?
The veterinary laboratory testing services market size has grown strongly in recent years. It will grow from $78.2 billion in 2024 to $84.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to a rise in disposable income, a rise in adoption of pets, a rise in merger and acquisition activity, a rise in animal healthcare expenditure, increased pet spending and growth in the companion animal population.
The veterinary laboratory testing services market size is expected to see strong growth in the next few years. It will grow to $111.58 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing penetration of pet insurance, rapidly growing urban population, growing awareness about animal health and the development of innovative rapid tests and portable instruments for point-of-care testing will drive market growth. Major trends in the forecast period include adoption of multiple testing panels, use of artificial intelligence (AI), launch of new pathogen PCR (polymerase chain reaction) tests, focus on partnerships and collaborations and launch of new, innovative products.
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#Who are the top players in the veterinary laboratory testing services market?
Major companies operating in the veterinary laboratory testing services market include IDEXX Laboratories, Mars Incorporated, Zoetis Inc, CVS Group PLC, Heska Corporation, Gribbles Veterinary, Neogen Corporation, GD Animal Health, Greencross Limited, ProtaTek International, Inc, Vetserv India, Pathvets, VETLAB, MSD Animal Health (Merck), Boehringer Ingelheim, Bayer Healthcare, Vetoquinol SA, Ceva Sante Animale, Frantz Cappe, Clinique Veterinaire Metivet, Alizee Vet Clinic, Cristina Cardone, Abbey House Veterinary Hospital, Aberdeen Veterinary Referrals, Abington Park Vets, Acorn House Veterinary Hospital, Alma Veterinary Hospital, Anderson Moores Veterinary Specialists, Animal Trust Vets CIC Bolton, Animed Veterinary Hospital & Equine Unit, Draminski, Agnieszka Jakubowska Equi Serwis Gabinet Weterynaryjny, BHH MIKROMED SP. Z O.O, BWF Technologies Sp. Z O.O, Bioticapharma, Veterinary Purchasing Company Limited, Associated Vet Purchasing, Acell, Addison Biological Laboratory Inc, Colorado Serum Company, Elanco Animal Health, Icare Tonovet, Kindred Biosciences, Merck Animal Health, Norbrook Inc, J.A Saude Animal, Eurofins Sao Paulo Brazil, Vaxxinova, Gulf Veterinary Services Company, Mansour Al Mosaid Group, Karaman Veterinary Medicines Co LLC, IFT ANIMAL HEALTH LLC, Bupo Animal Health, Virbac SA, Animal Care Services Konsult Nigeria Ltd, Egavet, Al Walaa Co, Alliance Pharma EG, Cowtribe
#What are the major trends in the veterinary laboratory testing services market?
The companies in the veterinary laboratory testing services are increasingly adopting multiple testing panels. A test panel is a pre-decided group of medical tests to be used in the diagnosis as well as the treatment of an animal disease. The test panels are normally composed of individual laboratory tests, which are grouped by specimen type, the methodology used, or by the most frequently requested tests. Multiple test panels offer various advantages, such as labor efficiency, automation, and reduced costs, achieved by conducting many tests daily. For instance, Abaxis Inc. is using multiple single-use test panels designed to address several conditions, wherein just 3 to 4 drops of blood are required to deliver up to 14 precise results.
Which geography holds the highest veterinary laboratory testing services market share?
North America was the largest region in the veterinary laboratory testing market in 2024. Asia-Pacific was the second-largest region in the global veterinary laboratory testing market report. The regions covered in the veterinary laboratory testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the veterinary laboratory testing services market?
The veterinary laboratory testing services market covered in this report is segmented –
1) By Technology: Clinical Biochemistry, Immunodiagnostics, Hematology, Molecular Diagnostics, Other Technologies
2) By Animal Type: Companion Animals, Livestock
3) By End User: Veterinary Hospitals And Clinics, Diagnostic Laboratories, Research Institutes, In-House Testing, Other End-Users
Subsegments:
1) By Clinical Biochemistry: Blood Chemistry Analysis, Urinalysis, Electrolyte Analysis, Glucose Monitoring, Immunodiagnostics
2) By Immunodiagnostics: Enzyme-Linked Immunosorbent Assay (ELISA), Lateral Flow Assays (LFA), Radioimmunoassay, Rapid Tests
3) By Hematology: Complete Blood Count (CBC), Blood Smear Examination, Coagulation Tests, Hemoglobin Analysis
4) By Molecular Diagnostics: Polymerase Chain Reaction (PCR), Nucleic Acid Sequencing, Microarrays, Hybridization
5) By Other Technologies: Cytology, Microbiology, Urinalysis
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How is the veterinary laboratory testing services market defined?
Veterinary laboratory testing services refer to a range of diagnostic services conducted to identify diseases, infections, and other health issues in animals, utilizing various technologies. These testing services are essential for veterinarians and animal owners in managing animal health, preventing disease outbreaks, and ensuring food safety by identifying zoonotic pathogens.
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