Veterinary Reference Laboratory Market, By Technology (Hematology, Clinical Chemistry, Molecular Diagnostics, and Immunodiagnostics), By Application, By Animal Type and Geography (North America, Europe, Asia Pacific, and RoW) Analysis, Share, Trends, Size, & Forecast From 2014 2025
REPORT HIGHLIGHT
The veterinary reference laboratory market is estimated to represent a global market of USD 2.48 billion by 2017 with growth rate of 10.3%.
Market Dynamics
Increasing prevalence of zoonotic diseases is expected to be an important factor driving the growth of veterinary reference laboratory market. According to the Centers for Disease Control and Prevention, large number of people affected with the infections spread through direct or indirect human-animal interface. Also, the WHO stated that zoonotic diseases represent significant public threat and demand proper diagnosis and treatment approach. Furthermore, growing consumption of animal proteins, and thus the expenditure on animal health is also expected to be a factor helping to catalyze this industry growth. According to various research studies, the global demand for animal protein is increasing at constant rate. From 2015 to 2030, the meat production is projected to increase by more than 1 percent annually. This growth will be driven by the increasing preference of people from a vegetarian diet to animal proteins. Such factors would in turn surge in demand for veterinary reference laboratories, driving the industry growth. Other factors such as rising demand for animal derived food products, increasing number of veterinary practitioners, and rising pet care cost augment the overall market growth to some extent. However, low awareness level regarding animal healthcare, especially in developing regions, hamper the market growth during the study period.
Technology Takeaway
The global veterinary reference laboratory market is divided in terms of technology, application, and animal types. Based on technology, the market is divided into Hematology, Clinical Chemistry, Molecular Diagnostics, and Immunodiagnostics. In 2016, clinical chemistry segment recorded USD 639.8 million and is projected to dominate the overall market in foreseeable future. This segment covers the various tests of blood and urine samples to check the function and capability of animal metabolisms and organs. Applications segment is categorized as Bacteriology, Clinical Pathology, Toxicology, and Productivity Testing. The market, by animal type is divided as Companion Animals, and Production Animals. Companion animals include Dogs, Cats, and others. Whereas, production animal covers Poultry, Cattles, and others.
Regional Takeaway
Depending upon geography, North America dominated the global industry in 2016. Of which, the U.S. market for VRL is growing consistently, and is in a state of transition. High prevalence of livestock and zoonotic diseases coupled with the rising pet ownership support the industry growth in this region. While the industry is on a high growth trajectory in developed regions, the overall market appears to be growing at a promising growth rate in developing regions. Among which, Asia Pacific regions accounted for more than 15% share of the total market, followed by ELISA tests and PCR tests accounting for majority of revenue share in region.
Key Vendor Takeaway
Companies such as IDEXX Laboratories, VCA, Inc., Greencross Limited, Zoetis, and Neogen Corporation are some of the prominent participants in the global veterinary reference laboratories market. VCA, Inc. and IDEXX, collectively, captured highest (more than 60%) share of the global industry. At the same time, small scale companies are actively engaged in providing comprehensive veterinary laboratory services to capture significant market share. For instance, U.S. based veterinary medicine company, VCA Inc., offers advanced veterinary laboratory testing and imaging procedures in all states of the U.S. and certain areas in Canada. The company has diverse range of customer base (over 16,000) including veterinary hospitals. In 2014, the company registered approx. USD 360.9 million (16% of the total revenue) from laboratory segment.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Hospitals
- Government and Regional Agencies and Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TECHNOLOGY
- Hematology
- Clinical Chemistry
- Molecular Diagnostics
- Immunodiagnostics
MARKET, BY APPLICATION
- Bacteriology
- Clinical Pathology
- Toxicology
- Productivity Testing
MARKET, BY ANIMAL TYPE
- Companion Animals
- Dogs
- Cats
- Others
- Production Animals
- Poultry
- Cattles
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
TABLE OF CONTENT
1. VETERINARY REFERENCE LABORATORY MARKET OVERVIEW
1.1. Study Scope
1.2. Base Year
1.3. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. VETERINARY REFERENCE LABORATORY KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. VETERINARY REFERENCE LABORATORY INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Value Chain Analysis
5. VETERINARY REFERENCE LABORATORY MARKET LANDSCAPE
5.1. Market Share Analysis
6. VETERINARY REFERENCE LABORATORY MARKET – BY TECHNOLOGY:
6.1. Overview
6.2. Hematology
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Clinical Chemistry
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Molecular Diagnostics
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Immunodiagnostics
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. VETERINARY REFERENCE LABORATORY MARKET – BY APPLICATION:
7.1. Overview
7.2. Bacteriology
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Clinical Pathology
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Toxicology
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Productivity Testing
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. VETERINARY REFERENCE LABORATORY MARKET – BY ANIMAL TYPE:
8.1. Overview
8.2. Companion Animals
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.3. Dogs
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.4. Cats
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.5. Others
8.2.5.1. Overview
8.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Production Animals
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Poultry
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Cattles
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6. Others
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. VETERINARY REFERENCE LABORATORY MARKET– BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.2.3. U.S.
9.2.3.1. Overview
9.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.2.4. Canada
9.2.4.1. Overview
9.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.3. France
9.3.3.1. Overview
9.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.4. Germany
9.3.4.1. Overview
9.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.5. Rest of Europe
9.3.5.1. Overview
9.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.3. China
9.4.3.1. Overview
9.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.4. India
9.4.4.1. Overview
9.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.5. Rest of APAC
9.4.5.1. Overview
9.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5. Rest of the World
9.5.1. Overview
9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.3. Latin America
9.5.3.1. Overview
9.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.4. Middle East and Africa
9.5.4.1. Overview
9.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. IDEXX Laboratories
10.1.1. Company Overview
10.1.2. SWOT Analysis
10.1.3. Key Developments
10.2. VCA, Inc.
10.2.1. Company Overview
10.2.2. SWOT Analysis
10.2.3. Key Developments
10.3. Greencross Limited
10.3.1. Company Overview
10.3.2. SWOT Analysis
10.3.3. Key Developments
10.4. Zoetis
10.4.1. Company Overview
10.4.2. SWOT Analysis
10.4.3. Key Developments
10.5. Neogen Corporation
10.5.1. Company Overview
10.5.2. SWOT Analysis
10.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. Abbreviations
12.3. Disclaimer
12.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Veterinary Reference Laboratory Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
Table 10 Veterinary Reference Laboratory Market, by Technology, 2014 – 2025 (USD Million)
Table 11 Veterinary Reference Laboratory Market, by Application, 2014 – 2025 (USD Million)
Table 12 Veterinary Reference Laboratory Market, by Animal Type, 2014 – 2025 (USD Million)
Table 13 Veterinary Reference Laboratory Market, by Geography, 2014 – 2025 (USD Million)
Table 14 North America Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 15 U.S. Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 16 Canada Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 17 Europe Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 18 France Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 19 Germany Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 20 Asia Pacific Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 21 China Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 22 India Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 23 Latin America Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 24 MEA Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Value Chain Analysis Analysis
Figure 6 Veterinary Reference Laboratory Market, by Technology, 2014 – 2025 (USD Million)
Figure 7 Veterinary Reference Laboratory Market, by Application, 2014 – 2025 (USD Million)
Figure 8 Veterinary Reference Laboratory Market, by Animal Type, 2014 – 2025 (USD Million)
Figure 9 Veterinary Reference Laboratory Market, by Geography, 2014 – 2025 (USD Million)
