Veterinary Laboratory Testing Services Market: Overview
Veterinary laboratory testing is referred as the test that is performed for the detection of disease in an animal. The veterinary clinical laboratory industry looks similar to human counterparts. Nearly all the modern clinical laboratory instrument and technologies are widely utilized in the veterinary laboratory marketplace. Compared to human laboratory testing the veterinary laboratory testing market is very daunting. Service level in veterinary laboratory testing market is more challenging as compared to human laboratory industry. Veterinarians are rarely asked to routine laboratory examination for the animals. When veterinarians refer a specimen to a laboratory it signifies that the treated animal is in a critical condition or in a life threatening situation.
Veterinary Laboratory Testing Services Market: Segmentation
The global market for veterinary laboratory testing can be segmented as:
- By Method Types
- Lateral flow tests
- Complement fixation
- Tuberculosis testing
- Western blot
- Molecular tests
- Clinical chemistry
- Assay validation
Assay validation and reference range establishment is a very challenging task in human clinical laboratory while the same task can be done easily in veterinary laboratory. Most of the modern instruments used in clinical laboratories are readily utilized in veterinary laboratories in recent times.
Veterinary Laboratory Testing Services Market: Trends and Drivers
Globally, daily disposable income of an individual is increasing rapidly. Thus, the adoption rate of dogs and cats is increasing significantly with increasing disposable income of the global population. Likewise, with increasing adoption rate of dogs and cats the global market for veterinary laboratory testing will also increase. Moreover, prevalence of zoonotic diseases is on the rise among global population. Thus, it is necessary to perform routine examination laboratory test for pet animals.
Moreover, with the rising prevalence of zoonotic diseases the global market for veterinary laboratory testing services will also increase. The cost is very high for veterinary diagnostic product and services is a factor that would restrict the global market demand of veterinary diagnostic testing services market to some extent. Moreover, lack of awareness about veterinary laboratory testing in few of the developing nations is also a factor that might restrict its demand in the global veterinary laboratory testing services market.
Veterinary Laboratory Testing Services Market: Regional Overview
Geographically, North America dominates the global market for veterinary laboratory testing services due to increasing demand for laboratory based diagnostic test for animals. Moreover, increasing awareness among people about laboratory based diagnostic for pet animals will also accentuate the market in North American region.
Europe represents the second position in the global market due to technological advancement and increasing awareness among people. Asia–Pacific is considered as an emerging market in the global veterinary laboratory testing services market due to large number of animals (cow, buffalo and goat) suffering from various diseases.
Moreover, the market for veterinary laboratory testing services is at its initial stage in Asian countries. Thus, it is expected that Asia–Pacific will contribute a significant market share during the forecast period. Rest of the World (RoW) region is considered as an untapped market in the global veterinary laboratory testing services market.
Veterinary Laboratory Testing Services Market: Key Players
Major market players contributing the global market share of veterinary laboratory testing services include Heska Corporation, Life Technologies Corporation, Pfizer Animal Health, IDEXX Laboratories Inc., Prionics AG, Abaxis Corporation and Other Market Participants.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.