Home > Animal Health & Nutrition > Veterinary Services > Veterinary Reference Laboratory Market
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.
Report Attribute | Details |
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Base Year: | 2022 |
Veterinary Reference Laboratory Market Size in 2022: | USD 3.9 billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 12.1% |
2032 Value Projection: | USD 12.2 billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 220 |
Segments covered: | Technology, Application, Animal Type and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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