Veterinary Reference Laboratory Market is expected to rise from its initial estimated value of USD 2.05 billion to an estimated value of USD 4.37 billion by 2026, registering a CAGR of 9.95% in the forecast period of 2020-2026.
Key Market Competitors:
Few of the major competitors currently working in the veterinary reference laboratory market are Boehringer Ingelheim International GmbH., Sanofi, Idexx Laboratories, Mars, Incorporated, GD, Zoetis, NEOGEN CORPORATION, Marshfield Clinic., ProtaTek International, Inc, Phoenix Lab, Virbac, Greencross Limited, Gribbles Veterinary., Wisconsin Veterinary Diagnostic Laboratory, Washington Animal Disease Diagnostic Lab (WADDL).
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Veterinary reference laboratory are specially designed to detect the diseases in animals. These days, there is an increase in the adoption of animals, so these specialized centers are used to detect diseases in the animals. To identify the disease quickly these centers have reference database. These centers are used to maintain the health of the animals and provide them treatment as per the requirement.
Segmentation: Global Veterinary Reference Laboratory Market
- By Technology (Clinical Chemistry, Hematology, Immunodiagnostics, Molecular Diagnostics)
- By Applications (Clinical Pathology, Bacteriology, Parasitology, Virology, Productivity Testing, Pregnancy Testing, Toxicology)
- By Type of Animal (Companion Animals, Food-Producing Animals)
- By End User (Veterinary Hospitals, Veterinary Clinics)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Global veterinary reference laboratory market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary reference laboratory market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
- Increasing zoonotic diseases is driving the market
- Increasing spending on the animal healthcare is also driving the growth of this market
- Lack of standardization is restraining the market growth
- Increasing prices of the pet care is restraining market
Reasons to Purchase this Report
- Current and future of global veterinary reference laboratory market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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