Veterinary Reference Laboratory Market

Veterinary Reference Laboratory Market by Service Type (Clinical Chemistry, Hematology, Immunodiagnostics, Molecular Diagnostics), Application (Pathology, Bacteriology, Virology, Parasitology), Animal (Dog, Cat, Cattle, Poultry, Pig) - Global Forecast to 2024

Report Code: MD 4362 Nov, 2019, by marketsandmarkets.com

[208 Pages Report] The veterinary reference laboratories market is projected to reach USD 4.8 billion by 2024 from USD 2.9 billion in 2019, at a CAGR of 10.7%. Factors such as growth in the companion animal population, rising demand for pet insurance, increasing number of veterinary practitioners in developed economies, increasing demand for animal-derived food products, and increasing incidence of transboundary and zoonotic diseases are driving the growth of this market during the forecast period. However, increasing pet care costs and the increasing demand for POC testing and portable instruments are restraining the growth of this market to some extent.

The market is segmented based on the type of service, application, animal, and region.

Veterinary Reference Laboratory Market

The immunodiagnostic services segment dominates the veterinary reference laboratories market, by type of service

Based on the type of service, the immunodiagnostic services segment accounted for the largest share of the market in 2018. The large share of this segment can primarily be attributed to the widespread popularity of this service in disease diagnosis as well as in screening disease progression and observing patients’ responses to therapy.

By application, the clinical pathology segment accounted for the largest share of the market in 2018

Based on application, the market is segmented into clinical pathology, bacteriology, virology, parasitology, productivity testing, pregnancy testing, and toxicology. In 2018, the clinical pathology segment accounted for the largest share of the market. The rising volume of pathology tests performed is the major factor driving the demand for diagnostic products and consumables for clinical pathology applications.

By animal, the companion animals segment accounted for the largest market share in 2018

Based on animal, the market is segmented into livestock animals and companion animals. The companion animals segment accounted for the largest market share in 2018. This segment is also projected to register the highest CAGR during the forecast period. The growth in this segment can be attributed to the growing adoption of companion animals, increasing disposable incomes, growing willingness of companion animal owners to spend more on animal health, and increasing incidence of zoonotic diseases.

Veterinary Reference Laboratory Market

North America will continue to dominate the veterinary reference laboratories market during the forecast period

The market, by region, is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the market in 2018. The growth of the North American market is attributed to the increasing adoption of companion animals, the growing pet insurance industry, rising veterinary healthcare expenditure, and the growing number of veterinary practices. In addition, a majority of players in the veterinary reference laboratories market are based in the US.  

Key Market Players

IDEXX Laboratories, Inc. (US), VCA Inc. (US), GD Animal Health (Netherlands), Zoetis Inc. (US), Neogen Corporation (US), Boehringer Ingelheim (Germany), Marshfield Labs (US), ProtaTek International (US), Texas A&M Veterinary Medical Diagnostic Laboratory (US), Veterinary Diagnostic Laboratory - University of Minnesota (US), and Veterinary Diagnostic Laboratory, Iowa State University (US).

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast unit

Value (USD Million)

Segments covered

Type of Service, Application, and Animal

Geographies covered

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe(RoE)
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific (RoAPAC)
  • Latin America
  • Middle East & Africa

Companies Covered

IDEXX Laboratories, Inc. (US), VCA Inc. (US), GD Animal Health (Netherlands), Zoetis Inc. (US), Neogen Corporation (US), Boehringer Ingelheim (Germany), Marshfield Labs (US), ProtaTek International (US), Texas A&M Veterinary Medical Diagnostic Laboratory (US), Veterinary Diagnostic Laboratory - University of Minnesota (US), and Veterinary Diagnostic Laboratory, Iowa State University (US)

The research report categorizes the market into the following segments and subsegments:

By Type of Service

  • Clinical Chemistry Services
  • Immunodiagnostic Services
  • Hematology Services
  • Urinalysis Services
  • Molecular Diagnostic Services
  • Other Services (Includes Microbiology Tests and Histopathology Tests)

By Application

  • Clinical Pathology
  • Bacteriology
  • Parasitology
  • Virology
  • Productivity Testing
  • Pregnancy Testing
  • Toxicology

By Animal

  • Companion Animals
    • Dogs
    • Cats
    • Horses
    • Other Companion Animals (Includes Rabbits, Reptiles, Pet Fish, and Birds)
  • Livestock Animals
    • Cattle
    • Pigs
    • Poultry
    • Other Livestock Animals (Includes Camels, Mules, Turkey, Fish, and Other Aquatic Animals)

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific (RoAPAC)
  • Latin America
  • The Middle East & Africa

Recent Developments

  • In October 2019, Zoetis acquired Phoenix Lab (a veterinary reference lab based out of the US). This acquisition will further enhance the portfolio of the company’s testing services with the introduction of microbiology, serology, hematology, chemistry, and many other miscellaneous tests.
  • In June 2018, Boehringer Ingelheim acquired Newport Laboratories. The service portfolio of Newport Laboratories is expected to complement BI’s animal business unit portfolio and provide a complete solution for disease prevention in livestock animals.
  • In September 2017, Mars, Inc. acquired VCA, Inc. in an all-cash transaction. VCA is now functioning as a separate business unit under Mars Petcare. This acquisition helped Mars in delivering comprehensive solutions in the field of animal testing services.

Key Questions Addressed in the Report

  • Who are the top 10 players operating in the global market?
  • What are the drivers, restraints, opportunities, and challenges in the market?
  • What are the industry trends as well as the disease trends in the veterinary reference laboratories market?
  • Comment on the regulatory scenario for the market in various geographies.
  • What are the growth trends in the market at the segmental and overall market levels?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Approach
           2.1.1 Secondary Sources
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Sources
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Share Estimation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 37)
    4.1 Veterinary Reference Laboratories Market Overview
    4.2 Asia Pacific: Market, By Type of Service & Country (2018)
    4.3 Market: Geographic Growth Opportunities
    4.4 Market: Regional Mix
    4.5 Market: Developing vs. Developed Countries

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Dynamics
    5.3 Key Market Drivers
           5.3.1 Growth in the Companion Animal Population
           5.3.2 Growing Demand for Pet Insurance and Increasing Pet Care Expenditure
           5.3.3 Increasing Number of Veterinary Practitioners in Developed Economies
           5.3.4 Demand for Animal-Derived Food Products
           5.3.5 Increasing Incidence of Trans-Boundary and Zoonotic Diseases
    5.4 Key Market Restraints
           5.4.1 Increasing Pet Care Costs
           5.4.2 Growing Demand for Rapid Tests, Poc Testing, and Portable Instruments
    5.5 Key Market Opportunities
           5.5.1 Untapped Emerging Markets
           5.5.2 Public-Private Partnerships in Veterinary Health
    5.6 Key Challenges
           5.6.1 Low Awareness in Emerging Markets
           5.6.2 Shortage of Veterinarians in Emerging Markets
           5.6.3 Weak Functional and Infrastructural Capacities

6 Industry Insights (Page No. - 51)
    6.1 Industry Trends
           6.1.1 Adoption of Multiple Testing Panels
           6.1.2 Outsourcing of Veterinary Diagnostic Testing Services
           6.1.3 Innovation in Diagnostic Products for Quality Service Implementation
    6.2 Disease Trends
           6.2.1 Livestock Animals
                    6.2.1.1 Avian Influenza (AI)
                    6.2.1.2 African Swine Fever (ASF)
                    6.2.1.3 Bovine Babesiosis (BB)
                    6.2.1.4 Peste Des Petits Ruminants (PPR)
                    6.2.1.5 West Nile Virus (WNV)
           6.2.2 Companion Animals
                    6.2.2.1 Zoonotic Diseases
                    6.2.2.2 Obesity & Diabetes
    6.3 Regulatory Analysis

7 Veterinary Reference Laboratories Market, By Type of Service (Page No. - 57)
    7.1 Introduction
    7.2 Immunodiagnostic Services
           7.2.1 Low Cost & Procedural Complexity are Driving the Growth of This Segment
    7.3 Clinical Chemistry Services
           7.3.1 Increasing Pet Healthcare Expenditure and the Increasing Number of Screening Tests Performed to Drive Market Growth
    7.4 Molecular Diagnostic Services
           7.4.1 Growing Demand for Reliable and Faster Methods of Genetic Disorder Detection to Drive Market Growth
    7.5 Hematology Services
           7.5.1 Hematology Services are Used to Measure Blood Cell Count, Evaluate Leukocyte Morphology, and Count Coagulation Time of Blood in Animals
    7.6 Urinalysis Services
           7.6.1 Rising Occurrence of Kidney Diseases in Cats and Dogs to Support the Growth of This Segment
    7.7 Other Services

8 Veterinary Reference Laboratories Market, By Application (Page No. - 68)
    8.1 Introduction
    8.2 Clinical Pathology
           8.2.1 Clinical Pathology Dominates the Market, By Application
    8.3 Bacteriology
           8.3.1 Rising Prevalence of Zoonotic Diseases Will Drive the Market for Bacteriology
    8.4 Virology
           8.4.1 Growing Number of Viral Outbreaks is Contributing to Market Growth in This Segment
    8.5 Parasitology
           8.5.1 Increasing Prevalence of Parasitic Diseases Will Support the Growth of This Application Segment
    8.6 Productivity Testing
           8.6.1 Increasing Focus on Quality of Milk and Meat is Driving the Demand for Productivity Testing Services
    8.7 Pregnancy Testing
           8.7.1 Focus on Breeding and Herd Management Programs Will Drive the Growth of Testing Services in This Segment
    8.8 Toxicology Testing
           8.8.1 Regulation of Animal Health to Avoid Feed and Animal-Derived Food Contamination is Driving Market Growth

9 Veterinary Reference Laboratories Market By Animal (Page No. - 77)
    9.1 Introduction
    9.2 Companion Animals
           9.2.1 Dogs
                    9.2.1.1 The Market for Dogs Dominates the Global Market
           9.2.2 Cats
                    9.2.2.1 Rising Prevalence of Infectious Diseases in Cats Will Drive the Growth of This Segment
           9.2.3 Horses
                    9.2.3.1 Global Equine Population has Witnessed Slow Growth in Recent Years
           9.2.4 Other Companion Animals
    9.3 Livestock Animals
           9.3.1 Cattle
                    9.3.1.1 Early Diagnosis is Crucial as Cattle Contribute More Than 85% to the Global Milk Supply
           9.3.2 Pigs
                    9.3.2.1 Need to Check Disease Outbreaks and Thereby Reduce Economic Losses is Driving the Demand for Swine Diagnostics
           9.3.3 Poultry
                    9.3.3.1 Increasing Focus on Animal-Derived Protein Sources From Poultry Will Drive the Growth in This Segment
           9.3.4 Other Livestock Animals

10 Veterinary Reference Laboratories Market, By Region (Page No. - 94)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 The US Dominates the Market in North America
             10.2.2 Canada
                        10.2.2.1 Increasing Population of Livestock Animals and Adoption of Pets is Driving the Growth of This Market
     10.3 Europe
             10.3.1 UK
                        10.3.1.1 The UK Dominates the Market in Europe
             10.3.2 Germany
                        10.3.2.1 Majority of Veterinary Practices in Germany Collaborate With Reference Laboratories for Testing Services
             10.3.3 France
                        10.3.3.1 Rising Pet Ownership Rate is One of the Major Drivers of Market Growth in France
             10.3.4 Italy
                        10.3.4.1 Disease Outbreaks and Rising Meat Consumption Indicate Demand for Testing Facilities in Italy
             10.3.5 Spain
                        10.3.5.1 Increasing Number of Vet Practices and Willingness to Spend on Animal Healthcare Will Propel the Growth of This Market
             10.3.6 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                        10.4.1.1 China Dominates the Asia Pacific Market
             10.4.2 Japan
                        10.4.2.1 Rising Demand for Diagnosing Zoonotic Diseases in Imported Pet Breeds is Expected to Drive Market Growth
             10.4.3 Australia
                        10.4.3.1 Australia is One of the Largest Consumers of Beef & Mutton in the World
             10.4.4 India
                        10.4.4.1 India is an Untapped Market With Huge Growth Potential
             10.4.5 Rest of APAC
     10.5 Latin America
             10.5.1 Rising Beef Exports and Growing Pet Adoption Have Driven Market Growth in Latam
     10.6 Middle East & Africa
             10.6.1 Reluctance to Spend on Pet Health has Slowed the Pace of Market Growth

11 Competitive Landscape (Page No. - 147)
     11.1 Introduction
     11.2 Growth Strategy Matrix
     11.3 Market Share Analysis
     11.4 Competitive Situation and Trends
             11.4.1 Product Launches
             11.4.2 Acquisitions
             11.4.3 Other Developments
     11.5 Competitive Leadership Mapping
             11.5.1 Visionary Leaders
             11.5.2 Innovators
             11.5.3 Dynamic Differentiators
             11.5.4 Emerging Companies

12 Company Profiles (Page No. - 155)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     12.1 Introduction
     12.2 IDEXX Laboratories, Inc.
     12.3 VCA, Inc.
     12.4 GD Animal Health
     12.5 Boehringer Ingelheim
     12.6 Zoetis, Inc.
     12.7 Neogen Corporation
     12.8 Laboklin GmbH
     12.9 Synlab International GmbH
     12.10 Marshfield Labs
     12.11 Texas A&M Veterinary Medical Diagnostic Laboratory
     12.12 University of Minnesota (Veterinary Diagnostic Laboratory)
     12.13 Iowa State University (Veterinary Diagnostic Laboratory)
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 
     12.14 Other Players
             12.14.1 Protatek International Inc.
             12.14.2 Animal and Plant Health Agency
             12.14.3 Animal Health Diagnostic Center (Cornell University)
             12.14.4 National Veterinary Services Laboratory Usda-Aphis
             12.14.5 Znlabs
             12.14.6 Colorado State University (Veterinary Diagnostic Laboratories)
             12.14.7 The Pirbright Institute
             12.14.8 Friedrich-Loeffler-Institut (FLI)

13 Appendix (Page No. - 199)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (152 Tables)

Table 1 List of Stakeholders Interviewed for the Study
Table 2 North America: Pet Health Insurance Market, 2012–2017 (USD Million)
Table 3 Past and Projected Trends in Consumption Patterns of Meat and Milk in Developed and Developing Countries
Table 4 Multiple Testing Panels vs. Single Testing Panels
Table 5 Common Zoonotic Diseases Spread By Companion Animals Across the Globe
Table 6 Veterinary Reference Laboratories Market, By Type of Service, 2017–2024 (USD Million)
Table 7 Market, By Country, 2017–2024 (USD Million)
Table 8 Market for Immunodiagnostic Services, By Country, 2017–2024 (USD Million)
Table 9 Market for Clinical Chemistry Services, By Country, 2017–2024 (USD Million)
Table 10 Market for Molecular Diagnostic Services, By Country, 2017–2024 (USD Million)
Table 11 Market for Hematology Services, By Country, 2017–2024 (USD Million)
Table 12 Market for Urinalysis Services, By Country, 2017–2024 (USD Million)
Table 13 Market for Other Services, By Country, 2017–2024 (USD Million)
Table 14 Market, By Application, 2017–2024 (USD Million)
Table 15 Market for Clinical Pathology, By Country, 2017–2024 (USD Million)
Table 16 Market for Bacteriology, By Country, 2017–2024 (USD Million)
Table 17 Market for Virology, By Country, 2017–2024 (USD Million)
Table 18 Market for Parasitology, By Country, 2017–2024 (USD Million)
Table 19 Market for Productivity Testing, By Country, 2017–2024 (USD Million)
Table 20 Market for Pregnancy Testing, By Country, 2017–2024 (USD Million)
Table 21 Market for Toxicology Testing, By Country, 2017–2024 (USD Million)
Table 22 Market, By Animal, 2017–2024 (USD Million)
Table 23 Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 24 Veterinary Reference Laboratories Market for Companion Animals, By Country, 2017–2024 (USD Million)
Table 25 Market for Dogs, By Country, 2017–2024 (USD Million)
Table 26 Market for Cats, By Country, 2017–2024 (USD Million)
Table 27 Horse Population, By Region, 2014–2017 (Million)
Table 28 Market for Horses, By Country, 2017–2024 (USD Million)
Table 29 Market for Other Companion Animals, By Country, 2017–2024 (USD Million)
Table 30 Global Population of Livestock Animals (Million)
Table 31 Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 32 Market for Livestock Animals, By Country, 2017–2024 (USD Million)
Table 33 Cattle Population, By Country, 2012–2016 (Thousand)
Table 34 Market for Cattle, By Country, 2017–2024 (USD Million)
Table 35 Market for Pigs, By Country, 2017–2024 (USD Million)
Table 36 Market for Poultry, By Country, 2017–2024 (USD Million)
Table 37 Market for Other Livestock Animals, By Country, 2017–2024 (USD Million)
Table 38 Market, By Region, 2017–2024 (USD Million)
Table 39 North America: Veterinary Reference Laboratories Market, By Country, 2017–2024 (USD Million)
Table 40 North America: Market, By Type of Service, 2017–2024 (USD Million)
Table 41 North America: Market, By Animal, 2017–2024 (USD Million)
Table 42 North America: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 43 North America: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 44 North America: Market, By Application, 2017–2024 (USD Million)
Table 45 US: Private Clinical Practices, By Animal Type, 2012 vs. 2017
Table 46 US: Market, By Type of Service, 2017–2024 (USD Million)
Table 47 US: Market, By Animal, 2017–2024 (USD Million)
Table 48 US: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 49 US: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 50 US: Market, By Application, 2017–2024 (USD Million)
Table 51 Companion Animal Population in Canada, 2014 vs. 2016 (Million)
Table 52 Canada: Market, By Type of Service, 2017–2024 (USD Million)
Table 53 Canada: Market, By Animal, 2017–2024 (USD Million)
Table 54 Canada: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 55 Canada: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 56 Canada: Veterinary Reference Laboratories Market, By Application, 2017–2024 (USD Million)
Table 57 Europe: Number of Veterinarians, 2013–2017
Table 58 Europe: Market, By Country, 2017–2024 (USD Million)
Table 59 Europe: Market, By Type of Service, 2017–2024 (USD Million)
Table 60 Europe: Market, By Animal, 2017–2024 (USD Million)
Table 61 Europe: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 62 Europe: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 63 Europe: Market, By Application, 2017–2024 (USD Million)
Table 64 UK: Companion Animal Population (2012–2017) (Million)
Table 65 UK: Number of Veterinarians, 2014 vs. 2016
Table 66 UK: Veterinary Reference Laboratories Market, By Type of Service, 2017–2024 (USD Million)
Table 67 UK: Market, By Animal, 2017–2024 (USD Million)
Table 68 UK: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 69 UK: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 70 UK: Market, By Application, 2017–2024 (USD Million)
Table 71 Germany: Companion Animal Population, 2012–2017 (Million)
Table 72 Germany: Number of Veterinarians, 2014 vs. 2016
Table 73 Germany: Market, By Type of Service, 2017–2024 (USD Million)
Table 74 Germany: Market, By Animal, 2017–2024 (USD Million)
Table 75 Germany: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 76 Germany: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 77 Germany: Market, By Application, 2017–2024 (USD Million)
Table 78 France: Companion Animal Population, 2012–2017 (Million)
Table 79 France: Number of Veterinarians, 2014 vs. 2016
Table 80 France: Market, By Type of Service, 2017–2024 (USD Million)
Table 81 France: Market, By Animal, 2017–2024 (USD Million)
Table 82 France: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 83 France: Veterinary Reference Laboratories Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 84 France: Market, By Application, 2017–2024 (USD Million)
Table 85 Italy: Number of Veterinarians, 2012 vs. 2016
Table 86 Italy: Market, By Type of Service, 2017–2024 (USD Million)
Table 87 Italy: Veterinary Reference Laboratories Market, By Animal, 2017–2024 (USD Million)
Table 88 Italy: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 89 Italy: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 90 Italy: Market, By Application, 2017–2024 (USD Million)
Table 91 Spain: Market, By Type of Service, 2017–2024 (USD Million)
Table 92 Spain: Market, By Animal,2017–2024 (USD Million)
Table 93 Spain : Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 94 Spain: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 95 Spain: Market, By Application, 2017–2024 (USD Million)
Table 96 Companion Animal Ownership in RoE Countries, 2017 (Million)
Table 97 RoE: Number of Veterinarians and Paraveterinarians (2010 vs. 2016)
Table 98 RoE: Veterinary Reference Laboratories Market, By Type of Service, 2017–2024 (USD Million)
Table 99 RoE: Market, By Animal, 2017–2024 (USD Million)
Table 100 RoE: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 101 RoE: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 102 RoE: Market, By Application, 2017–2024 (USD Million)
Table 103 APAC: Market, By Country, 2017–2024 (USD Million)
Table 104 APAC: Market, By Type of Service, 2017–2024 (USD Million)
Table 105 APAC: Market, By Animal, 2017–2024 (USD Million)
Table 106 APAC: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 107 APAC: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 108 APAC: Market, By Application, 2017–2024 (USD Million)
Table 109 China: Market, By Type of Service, 2017–2024 (USD Million)
Table 110 China: Market, By Animal, 2017–2024 (USD Million)
Table 111 China: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 112 China: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 113 China: Market, By Application, 2017–2024 (USD Million)
Table 114 Japan: Number of Veterinarians (2010 vs 2017)
Table 115 Japan: Veterinary Reference Laboratories Market, By Type of Service, 2017–2024 (USD Million)
Table 116 Japan: Market, By Animal, 2017–2024 (USD Million)
Table 117 Japan: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 118 Japan: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 119 Japan: Market, By Application, 2017–2024 (USD Million)
Table 120 Australia: Market, By Type of Service, 2017–2024 (USD Million)
Table 121 Australia: Market, By Animal, 2017–2024 (USD Million)
Table 122 Australia: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 123 Australia: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 124 Australia: Veterinary Reference Laboratories Market, By Application, 2017–2024 (USD Million)
Table 125 India: Number of Veterinarians (2010 vs 2017)
Table 126 India: Market, By Type of Service, 2017–2024 (USD Million)
Table 127 India: Market, By Animal, 2017–2024 (USD Million)
Table 128 India: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 129 India: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 130 India: Market, By Application, 2017–2024 (USD Million)
Table 131 RoAPAC: Market, By Type of Service, 2017–2024 (USD Million)
Table 132 RoAPAC: Market, By Animal, 2017–2024 (USD Million)
Table 133 RoAPAC: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 134 RoAPAC: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 135 RoAPAC: Market, By Application, 2017–2024 (USD Million)
Table 136 Latin America: Number of Veterinarians and Paraveterinarians (2010 vs. 2016)
Table 137 Latin America: Market, By Type of Service, 2017–2024 (USD Million)
Table 138 Latin America: Market, By Animal, 2017–2024 (USD Million)
Table 139 Latin America: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 140 Latin America: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 141 Latin America: Market, By Application, 2017–2024 (USD Million)
Table 142 Middle East: Number of Veterinarians and Paraveterinarians (2010 vs. 2016)
Table 143 Africa: Number of Veterinarians and Paraveterinarians (2010 vs. 2016)
Table 144 MEA: Market, By Type of Service, 2017–2024 (USD Million)
Table 145 MEA: Veterinary Reference Laboratories Market, By Animal, 2017–2024 (USD Million)
Table 146 MEA: Market for Companion Animals, By Type, 2017–2024 (USD Million)
Table 147 MEA: Market for Livestock Animals, By Type, 2017–2024 (USD Million)
Table 148 MEA: Market, By Application, 2017–2024 (USD Million)
Table 149 Product Launches (January 2016–February 2019)
Table 150 Acquisitions (January 2016–February 2019)
Table 151 (January 2016–February 2019)
Table 152 Major Public, Private, and Government-Aided Players in the Market


List of Figures (34 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Data Triangulation Methodology
Figure 4 Veterinary Reference Laboratories Market, By Type of Service, 2019 vs. 2024 (USD Million)
Figure 5 Market, By Animal, 2019 vs. 2024 (USD Million)
Figure 6 Market, By Application, 2019 vs. 2024 (USD Million)
Figure 7 Geographical Snapshot of the Market
Figure 8 Growing Companion Animal Population to Drive Market Growth During the Forecast Period
Figure 9 Immunodiagnostic Services Accounted for the Largest Share of the APAC Market in 2018
Figure 10 India to Register the Highest Growth in the Market During the Forecast Period
Figure 11 North America Will Continue to Dominate the Market in 2024
Figure 12 Developing Countries to Register Higher Growth During the Forecast Period
Figure 13 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Developed Countries: Pet Population & Pet Ownership, 2012 vs. 2014 vs. 2016
Figure 15 US: Pet Industry Expenditure
Figure 16 Developed Economies: Number of Veterinary Professionals (2014 vs. 2017)
Figure 17 Number of Veterinary Professionals, By Country (2014 vs. 2017)
Figure 18 Adoption of Multiple Testing Panels and Outsourcing of Veterinary Diagnostic Services are the Leading Industry Trends
Figure 19 Veterinary Reference Laboratories Market, By Type of Service
Figure 20 Clinical Pathology Will Continue to Dominate the Market During the Forecast Period
Figure 21 Global Poultry Meat Production, 2016 vs. 2017 vs. 2018 (Million Metric Tons)
Figure 22 Poultry Population, By Country, 2010 vs. 2016 (Million)
Figure 23 Geographic Snapshot: India to Register the Highest Growth Rate in the Market During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 US: Pet Ownership Indicators, 2017
Figure 26 Europe: Veterinary Reference Laboratories Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments in the Market Between January 2016 and October 2019
Figure 29 Market Share Analysis, By Key Player, 2018
Figure 30 Market: Competitive Leadership Mapping, 2018
Figure 31 Company Snapshot: IDEXX Laboratories, Inc.
Figure 32 Company Snapshot: Boehringer Ingelheim
Figure 33 Company Snapshot: Zoetis, Inc
Figure 34 Company Snapshot: Neogen Corporation

The study involved four major activities in estimating the size of the global veterinary reference laboratories market. Exhaustive secondary research was done to collect information on the adoption of different technologies and their regional adoption trends. Industry experts further validated the data obtained through secondary research through primary research. Furthermore, the market size estimates and forecast provided in this study are derived through a mix of the bottom-up approach (country-level incidence data for various diseases) and top-down approach (assessment of utilization/adoption/penetration trends, by type of service, application, animal, and region). After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

Various secondary sources such as the World Organisation for Animal Health (OIE), Centers for Disease Control and Prevention (CDC), Food and Agricultural Organization of the United Nations (FAO), American Association of Veterinary Laboratory Diagnosticians (AAVLD), Banfield Pet Health Research, American Veterinary Medical Association (AVMA), United States Department of Agriculture (USDA), European Pet Food Industry Federation (FEDIAF), annual reports/SEC filings as well as investor presentations and press releases of key players have been used to identify and collect information useful for the study of this market.

Primary Research

Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess the dynamics of this market. The primary participants mainly include product managers, business development directors, sales managers, laboratory chiefs, and veterinarians across the industry. The breakdown of primaries is shown in the figure below.

Veterinary Reference Laboratory Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The total market size for the market was arrived at after data triangulation from two different approaches, as mentioned below.

Approach to calculate the global livestock veterinary reference laboratories market

In this report, the global market size for the livestock market was arrived by obtaining country-level data for the top five diseases occurring in livestock through various secondary paid and public databases and primary interviews.

Approach to calculate the companion animal market

In this report, the global market size for the companion animal market was arrived by studying the testing services portfolio through secondary research and validating data from primaries. Wherever feasible, revenue share analysis was also employed to arrive at the market sizes, by identifying leading players in respective testing service categories.

Data Triangulation

After arriving at the overall veterinary reference laboratories market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the market with respect to the type of service, animal, application, and region
  • To provide detailed information regarding the major factors influencing market growth (such as drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market for five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
  • To profile the key players in the global market and comprehensively analyze their core competencies
  • To track and analyze competitive developments such as acquisitions, new tests/technology developments, geographical expansions, and research & development activities of the leading players in the global veterinary reference laboratories market

Target Audience:

  • Veterinary diagnostics manufacturers
  • Veterinary diagnostics distributors
  • Animal health research and development (R&D) companies
  • Government associations
  • Market research and consulting firms
  • Venture capitalists and investors

Available customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the Rest of European market into the Netherlands, Belgium, Switzerland, and other countries
  • Further breakdown of the Rest of Asia Pacific market into South Korea, New Zealand, and other countries

Company Information

  • Detailed analysis and profiling of additional market players
Report Code
MD 4362
Published ON
Nov, 2019
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