The reports have been updated with the most recent Ukraine-Russia War impact on market growth for all 27+ industries. The reports also provide possible solutions and opportunities for surviving this crisis.

Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies!

The veterinary laboratory testing services market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of 8%, as per The Business Research Company’s market report!

Read More On The Veterinary Laboratory Testing Services Market Report 2022 – https://www.thebusinessresearchcompany.com/report/veterinary-laboratory-testing-services-global-market-report

The Veterinary Laboratory Testing Services Market Size In 2022 And Forecast

The global veterinary laboratory testing services market is expected to grow from $20.55 billion in 2021 to $23 billion in 2022 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The global veterinary laboratory testing services market size is expected to grow to $31.3 billion in 2026 at a CAGR of 8.0%.

The veterinary laboratory testing services market consists of sales of laboratory testing services for animals.

Request for A Sample Of The Global Veterinary Laboratory Testing Services Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2543&type=smp

Rise In The Prevalence Of Disease Epidemics In Animals Is Driving The Growth Of The Veterinary Laboratory Testing Services Market

For instance, cattle are getting infected by a wide group of pathogens, which is leading to a rise in the number of laboratory tests done for cattle. Moreover, livestock globally is becoming vulnerable to infectious diseases caused by pathogens and viruses. For instance, Salmonella and Campylobacter are the two most common zoonotic pathogens that are present in the intestine tracts of animals, such as chickens, swine, and cattle, and are leading causes of foodborne disease worldwide. These diseases get passed through the food chain to humans, which is a potential threat. Therefore, efforts to curb these infections in animals are driving the market for veterinary laboratory testing. The FoodNet system (Center for Disease Control and Prevention, USA) identified 24,484 foodborne illnesses, 5,677 hospitalizations, and 122 deaths. The highest incidences per 100,000 people were for Campylobacter, Salmonella, and Shigella(these are organisms causing bacterial gastroenteritis, which is a digestive problem) in the USA.

Competitive Landscape And The Regional Analysis Of The Veterinary Laboratory Testing Services Market

Major players in the veterinary laboratory testing services market are ABAXIS, Inc, IDEXX Laboratories, Inc, Heska Corporation, Pfizer Animal Health, Neogen Corporation, Thermo Fisher Scientific Inc, Zoetis, Inc., IDVet, Virbac, Zoetis, VCA Antech, Inc, and Prionics AG.

Additionally, as per TBRC’s research – North America was the largest region in the veterinary laboratory testing services market in 2021 holding the largest market share.

The Veterinary Laboratory Testing Services Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the veterinary laboratory testing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the veterinary laboratory testing services market.

Increasing Adoption Of Multiple Testing Panels – A Key Trend In The Veterinary Laboratory Testing Services Market

A test panel is a pre-decided group of medical tests to be used in the diagnosis as well as the treatment of an animal disease. The test panels are normally composed of individual laboratory tests, which are grouped by specimen type, the methodology used, or by the most frequently requested tests. Multiple test panels offer various advantages, such as labour efficiency, automation, and reduced costs, achieved by conducting a large number of tests daily.

Veterinary Laboratory Testing Services Market Segmentation By The Business Research Company

1) By Technology: Clinical Biochemistry, Immunodiagnostics, Hematology, Molecular Diagnostics, Urinalysis, Other Technologies

2) By Animal Type: Pet Animals, Livestock

3) By End User: Veterinary Hospitals And Clinics, Diagnostic Laboratories, Research Institutes, In-House Testing, Other End Users

Here Are Some Reports Related To The Veterinary Laboratory Testing Services Market –

Veterinary Orthopedic Implants Global Market Report 2022

Animal Hospitals And Veterinary Clinics Global Market Report 2022

Veterinary Patient Monitoring Equipment Global Market Report 2022

Get In Touch With Us – Call us at:

Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Found this article helpful? Share it on: