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Veterinary Reference Laboratories Market Size, Share and Global Trend By Technology (Clinical Chemistry, Hematology, Immunodiagnostics, Molecular Diagnostics, Others), By Application (Pathology, Bacteriology, Parasitology, Virology, Others), and Geography Forecast till 2026

Region : Global | Report ID: FBI100687 | Status : Ongoing

 

KEY MARKET INSIGHTS

Veterinary reference laboratories are institutions where several critical functions related to veterinary sciences, such as the diagnosis, determination of treatment options, prevention, and monitoring of animal diseases are undertaken. The segments include virology, clinical pathology, bacteriology, parasitology, toxicology, pregnancy testing, and others. Veterinary reference laboratories are potent and critical tools for the prevention of zoonotic diseases and promotion of animal health and welfare, safe food production, and public health.

Veterinary reference laboratories play an important role in animal health protection by preventing and controlling serious epi zoonotic diseases. Veterinary reference laboratories have major implications on human health because of the animal to human transmission of diseases such as rabies, plaque, listeriosis, and query fever. Some of the epizootic diseases that can be prevented and controlled with timely vaccines and drugs include foot and mouth disease, bluetongue, brucellosis, hemorrhagic septicemia, rift valley fever, and contagious bovine pleuropneumonia.

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Growing adoption of pets, demand for pet insurance, rising demand for animal-derived food, growing concern about prevention of zoonotic diseases and high cost associated with disease treatment and animal healthcare are the factors responsible to drive the global veterinary reference laboratory market.


However, lack of standardization, improper facilities, and a dearth of skilled labors in veterinary reference laboratories is responsible for hampering the growth of global veterinary reference laboratories market.


Key Players Covered


Some of the key players present in the global veterinary reference laboratories market are IDEXX Laboratories, Inc., ANTECH Diagnostics, Abaxis, GD Animal Health, Zoetis, VCA Inc., Greencross Limited, NEOGEN CORPORATION, Protatek Reference Laboratory, and Others.


SEGMENTATION






















SEGMENTATION



 DETAILS



By Technology



· Clinical Chemistry


· Hematology


· Immunodiagnostics


· Molecular Diagnostics


· Others



By Application



· Pathology


· Bacteriology


· Parasitology


· Virology


· Others



By Geography



· North America (USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico and Rest of Latin America)


· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



Among the segmentation, clinical chemistry in the technology segment accounts for a larger share in the global veterinary reference laboratories market. However, the immunodiagnostics segment is expected to register a higher CAGR owing to higher sensitivity, rapid diagnosis, and accurate results.


Key Insights





  • Prevalence of zoonotic diseases in key countries, 2018
  • Overview of regulations imposed for the setup of veterinary reference laboratory
  • Key developments in the veterinary reference laboratories
  • Key mergers and acquisitions

Regional Analysis


Geographically, the global veterinary reference laboratories market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global veterinary reference laboratories market owing to several factors such as the rising pet adoption rates, increasing prevalence of animal diseases especially zoonotic and infectious, growing expenditure on animal health, a growing pool of veterinarians and a large number of veterinary hospitals & clinics. Asia Pacific is the fastest emerging market, and it is anticipated to grow during the forecast period due to large livestock animal pool, increasing incidences of animal disorders, increasing awareness of animal welfare and introduction of government initiatives.


Key Industry Developments



  • In August 2018, IDEXX Laboratories, Inc. announced that its U.S. reference laboratory division will expand rapid overnight services known as IDEXX-Direct service for thousands of rural U.S. veterinary practices.
  • In January 2018, TECHLAB, Inc. announced the supply of Advanced Veterinary Laboratory (AVL) with USDA licensed GIARDIA VET CHEK test for use in dogs and cats.

Veterinary Reference Laboratories Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

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