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Veterinary Reference Laboratory Market Size

  • Report ID: GMI5540
  • Published Date: May 2023
  • Report Format: PDF

Veterinary Reference Laboratory Market Size

Veterinary Reference Laboratory Market size was valued at around USD 3.9 billion in 2022 and is estimated to reach USD 12.2 billion by 2032. The rising global prevalence of zoonotic illnesses has increased the demand for animal health diagnostics and monitoring services.

 

Zoonotic illnesses are a huge public health issue, particularly in tropical regions that lack adequate healthcare infrastructure and financial resources. Therefore, an increase in consumer awareness pertaining to the importance of investing in the health of animals, particularly those in contact with humans to prevent zoological diseases is expected to fuel the adoption of veterinary diagnostics.
 

A privately held organisation known as a veterinary reference laboratory is responsible for identifying zoonotic diseases in farm and domestic animals. On a regular and specialised basis, the labs are used to test animals for brucellosis, TB, anthrax, yellow fever, rabies, measles, and other diseases. Also, the labs are used to perform check-ups for pre-anaesthetic evaluations and maintain track of treatment outcomes. Veterinary reference laboratory offers services such as clinical pathology, bacteriology, toxicology, virology, and pregnancy testing. They also provide technical and scientific support by using haematology, immunodiagnostics, and molecular diagnostics.

 

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global market for veterinary reference laboratory reached USD 4 billion in 2022 and is anticipated to expand at a CAGR of 8-10% from 2023 to 2032.

Clinical chemistry technology segment held a notable share in the veterinary reference laboratory segment in 2022 due to the growing need for early disease diagnosis.

Companion animals segment is poised to record high revenue gains by 2032 due to the surging pet adoption and animal welfare initiatives.

The veterinary reference laboratory market is expected to expand substantially in North America through 2032 due to the presence of a well-developed animal healthcare system, and favorable pet insurance schemes.

Veterinary Reference Laboratory Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Countries covered: 20
  • Pages: 220
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