Veterinary Laboratory Testing Services Market Trends Report 2025 – For Business Development and Strategy Teams
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What Is the Forecast for the Veterinary Laboratory Testing Services Market Growth in 2025?
The market size for veterinary lab testing services has experienced robust growth in the recent past. The market which was valued at $78.2 billion in 2024, is projected to rise to $84.43 billion in 2025, representing a compound annual growth rate (CAGR) of 8.0%. The growth trajectory witnessed throughout the historic period is tied to assorted factors such as an increase in disposable income, higher pet adoption rates, escalating M&A activities, enhanced animal healthcare spending, more expenditure on pets, and a surge in the companion animal population.
What Is the Forecast for the Veterinary Laboratory Testing Services Market Size Through 2029?
In the coming years, the market size of veterinary laboratory testing services is anticipated to witness a robust increase. It’s predicted to escalate to about $111.58 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%. The upswing during the projection period is due to the escalating inclusion of pet insurance, rapidly expanding urban populace, increasing consciousness about animal health, and the emergence of groundbreaking rapid tests and portable tools for point-of-care examinations. Key trends in this forecast period encompass the incorporation of multiple testing panels, employment of artificial intelligence (AI), initiation of new pathogen PCR (Polymerase Chain Reaction) tests, emphasis on strategic partnerships and collaborations, and the introduction of innovative products.
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What are the Key Market Players in Veterinary Laboratory Testing Services Market and How They’re Evolving?
Major companies operating in the veterinary laboratory testing services market include IDEXX Laboratories, Mars Incorporated, Zoetis Inc, CVS Group PLC, Heska Corporation, Gribbles Veterinary, Neogen Corporation, GD Animal Health, Greencross Limited, ProtaTek International, Inc, Vetserv India, Pathvets, VETLAB, MSD Animal Health (Merck), Boehringer Ingelheim, Bayer Healthcare, Vetoquinol SA, Ceva Sante Animale, Frantz Cappe, Clinique Veterinaire Metivet, Alizee Vet Clinic, Cristina Cardone, Abbey House Veterinary Hospital, Aberdeen Veterinary Referrals, Abington Park Vets, Acorn House Veterinary Hospital, Alma Veterinary Hospital, Anderson Moores Veterinary Specialists, Animal Trust Vets CIC Bolton, Animed Veterinary Hospital & Equine Unit, Draminski, Agnieszka Jakubowska Equi Serwis Gabinet Weterynaryjny, BHH MIKROMED SP. Z O.O, BWF Technologies Sp. Z O.O, Bioticapharma, Veterinary Purchasing Company Limited, Associated Vet Purchasing, Acell, Addison Biological Laboratory Inc, Colorado Serum Company, Elanco Animal Health, Icare Tonovet, Kindred Biosciences, Merck Animal Health, Norbrook Inc, J.A Saude Animal, Eurofins Sao Paulo Brazil, Vaxxinova, Gulf Veterinary Services Company, Mansour Al Mosaid Group, Karaman Veterinary Medicines Co LLC, IFT ANIMAL HEALTH LLC, Bupo Animal Health, Virbac SA, Animal Care Services Konsult Nigeria Ltd, Egavet, Al Walaa Co, Alliance Pharma EG, Cowtribe
What Are the Primary Growth Drivers in the Veterinary Laboratory Testing Services Market?
The market for veterinary laboratory testing services is being propelled forward by the increasing instances of illness outbreaks in animals. Take cattle, for instance, who are becoming more susceptible to a broad spectrum of pathogens leading to an increased demand for lab tests specifically for them. Additionally, livestock around the world is more prone to infectious diseases brought on by pathogens and viruses. For example, Salmonella and Campylobacter have risen as the two prevalent zoonotic pathogens found in the guts of animals like swine, chickens, and cattle, and they have become major culprits of global foodborne illnesses. These diseases, which can be transmitted to humans through the food chain, pose a serious risk. This is why attempts to control these infections in animals are boosting the veterinary laboratory testing market. There were 24,484 foodborne illnesses identified by the USA’s FoodNet system (Center for Disease Control and Prevention), resulting in 5,677 hospitalizations and 122 fatalities. The greatest rates of incidence per 100,000 individuals were ascribed to Campylobacter, Salmonella, and Shigella (these are microorganisms that result in bacterial gastroenteritis, a type of digestive issue) in the USA.
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What Are the Leading Segments in the Global Veterinary Laboratory Testing Services Industry?
The veterinary laboratory testing services market covered in this report is segmented –
1) By Technology: Clinical Biochemistry, Immunodiagnostics, Hematology, Molecular Diagnostics, Other Technologies
2) By Animal Type: Companion Animals, Livestock
3) By End User: Veterinary Hospitals And Clinics, Diagnostic Laboratories, Research Institutes, In-House Testing, Other End-Users
Subsegments:
1) By Clinical Biochemistry: Blood Chemistry Analysis, Urinalysis, Electrolyte Analysis, Glucose Monitoring, Immunodiagnostics
2) By Immunodiagnostics: Enzyme-Linked Immunosorbent Assay (ELISA), Lateral Flow Assays (LFA), Radioimmunoassay, Rapid Tests
3) By Hematology: Complete Blood Count (CBC), Blood Smear Examination, Coagulation Tests, Hemoglobin Analysis
4) By Molecular Diagnostics: Polymerase Chain Reaction (PCR), Nucleic Acid Sequencing, Microarrays, Hybridization
5) By Other Technologies: Cytology, Microbiology, Urinalysis
What Are the Key Market Trends in the Veterinary Laboratory Testing Services Industry?
Veterinary laboratory testing service providers are increasingly embracing the use of numerous testing panels. Essentially, a test panel is a predetermined set of medical examinations utilized in both the identification and treatment of a disease in animals. These panels typically include individual lab tests grouped either by the type of specimen, the employed methodology, or the most commonly demanded tests. Multiple test panels present several benefits, including improved labor efficiency, automation, and cost reductions achieved through conducting numerous daily tests. For instance, Abaxis Inc. utilizes several singular-use test panels purposefully created to address various conditions, which only require 3 to 4 drops of blood to yield up to 14 accurate results.
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What Is the Regional Outlook for the Veterinary Laboratory Testing Services Market?
North America was the largest region in the veterinary laboratory testing market in 2024. Asia-Pacific was the second-largest region in the global veterinary laboratory testing market report. The regions covered in the veterinary laboratory testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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This Report Delivers Insight On:
1. How big is the veterinary laboratory testing services market, and how is it changing globally?
2. Who are the major companies in the veterinary laboratory testing services market, and how are they performing?
3. What are the key opportunities and risks in the veterinary laboratory testing services market right now?
4. Which products or customer segments are growing the most in the veterinary laboratory testing services market?
5. What factors are helping or slowing down the growth of the veterinary laboratory testing services market?
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