Veterinary Laboratory Testing Services Market Trends 2025-2034: Insights into Growth and Strategic Opportunities Ahead
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How Will the Veterinary Laboratory Testing Services Market’s Growth Rate Evolve Over the Forecast Period to 2034?
In recent times, there has been robust growth in the market size of veterinary laboratory testing services. It is projected to expand from a valuation of $78.2 billion in 2024 to $84.43 billion in 2025, boasting a compound annual growth rate of 8.0%. The growth witnessed during the historic period can be linked with factors such as an increase in disposable income, higher rates of pet adoption, increased merger and acquisition activities, a rise in animal healthcare spending, a boost in spending on pets and expansion of the companion animal population.
In the coming years, the veterinary laboratory testing services market is predicted to experience substantial growth, reaching a value of $111.58 billion in 2029, with a compound annual growth rate (CAGR) of 7.2%. This anticipated growth during the forecast period is primarily due to factors such as the rising prevalence of pet insurance, growing urban population, increased awareness of animal health, and the creation of advanced rapid tests and mobile tools for point-of-care testing. Key trends expected during the forecast period include the implementation of numerous testing panels, the application of artificial intelligence (AI), the introduction of new pathogen PCR (polymerase chain reaction) tests, a focus on partnerships and collaborations, and the release of innovative products.
How Are the key drivers expanding the growth of the veterinary laboratory testing services Market?
The upward trend in the veterinary laboratory testing services market is supported by the escalating occurrence of epidemics affecting animals. To illustrate, the susceptibility of cattle to a broad range of pathogens necessitates an increase in lab tests. Also, livestock around the world is at an elevated risk of contracting diseases from viruses and pathogens. In particular, Salmonella and Campylobacter, common zoonotic pathogens found in the intestinal tract of animals such as poultry, pigs, and cattle, are a leading source of global foodborne diseases. These illnesses can transfer to humans via the food supply, causing significant health risks. As such, the preventive measures and initiatives to control these animal infections contribute to the expansion of veterinary laboratory testing services. The FoodNet system (Center for Disease Control and Prevention, USA) reported 24,484 cases of foodborne illnesses, 5,677 hospital admissions, and 122 fatalities. The highest rate of incidences per 100,000 individuals were for Campylobacter, Salmonella, and Shigella (bacteria responsible for causing bacterial gastroenteritis, a digestive issue) in the USA.
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Who Are the Influential Players Reshaping the Veterinary Laboratory Testing Services Market Landscape?
Major companies operating in the veterinary laboratory testing services market include:
• IDEXX Laboratories_x000D_
• Mars Incorporated_x000D_
• Zoetis Inc_x000D_
• CVS Group PLC_x000D_
• Heska Corporation_x000D_
What New and Evolving Trends Are Having a Lasting Impact on the Veterinary Laboratory Testing Services Market?
There is a growing trend among companies offering veterinary laboratory testing services to utilize multiple testing panels. These panels, pre-determined sets of medical tests used in diagnosing and treating animal diseases, generally consist of individual lab tests grouped by specimen type, method used, or the most commonly requested tests. The use of multiple test panels can significantly improve labor efficiency, enable automation, and cut costs by carrying out numerous tests every day. Abaxis Inc., for example, uses a variety of single-use test panels specifically designed to diagnose various conditions. It only requires 3 to 4 drops of blood to provide up to 14 accurate results.
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How Are the Key Segments of the Veterinary Laboratory Testing Services Market Impacting Its Expansion and Revenue Streams?
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
Which Geographic Locations Are Critical to the Growth of 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
What Are the Key Characteristics That Define the Veterinary Laboratory Testing Services Market?
Veterinary laboratory testing services refer to a range of diagnostic services conducted to identify diseases, infections, and other health issues in animals, utilizing various technologies. These testing services are essential for veterinarians and animal owners in managing animal health, preventing disease outbreaks, and ensuring food safety by identifying zoonotic pathogens.
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