Veterinary Reference Laboratory Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theVeterinary Reference Laboratory Market?
The growing prevalence of zoonotic diseases is expected to boost the veterinary reference laboratories market. Zoonotic diseases, which are transmitted from animals to humans, require effective diagnostic tools. According to the U.S. Centers for Disease Control and Prevention (CDC), more than 60% of known infectious diseases in humans are zoonotic. The rising need for diagnostics to prevent such diseases is driving the veterinary reference laboratories market.
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What is the Predicted Annual Growth Rate of theVeterinary Reference Laboratory Market Impact Industry Trends by 2034?
The veterinary reference laboratory market has seen rapid growth in recent years. It will grow from $4.33 billion in 2024 to $4.83 billion in 2025, at a CAGR of 11.5%. The growth drivers include the rise in pet ownership, advances in veterinary medicine, growing awareness of animal health, and government initiatives.
The veterinary reference laboratory market is expected to grow to $7.58 billion by 2029, at a CAGR of 11.9%. This growth is driven by the globalization of the pet trade, the demand for specialized testing services, and the focus on preventive healthcare. Trends include technological innovations, IT integration, telemedicine expansion, globalization of veterinary services, and the expansion of test menus.
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Which Cutting-Edge Market Trends Are Expected to Drive theVeterinary Reference Laboratory Market’s Growth?
Companies in the veterinary reference laboratories market are focusing on developing advanced diagnostic solutions like Vello to improve veterinary diagnostics and optimize laboratory workflows. Vello is a diagnostic platform that provides fast and precise results for veterinary health assessments and disease management. For example, in February 2024, IDEXX Laboratories Inc., a US-based company providing products and services for companion animals, livestock, water testing, and dairy, introduced Vello, a pet owner engagement software designed to streamline communication between veterinary practices and clients. It integrates with practice management software like ezyVet®, Neo®, and Cornerstone®, offering features like automated reminders, health alerts, and an easy-to-use mobile platform for managing pet records and appointments. This solution helps increase practice efficiency, foster better relationships with clients, and enhance pet care.
What Are the Leading Market Players Impacting theVeterinary Reference Laboratory Market’s Growth Trend?
Major companies operating in the veterinary reference laboratory market include IDEXX Laboratories Inc., VCA Animal Hospitals incorporated, Royal GD, C. H. Boehringer Sohn AG & Co. KG, Zoetis Inc., Neogen Corporation, Laboklin GmbH & Co. KG, SYNLAB International GmbH, Heska Corporation, Virbac Corporation, Thermo Fisher Scientific Inc., Texas A&M Veterinary Medical Diagnostic Laboratory, University of Minnesota, Iowa State University, Vetnostics, ProtaTek International Inc., Animal and Plant Health Agency, Animal Health Diagnostic Center, National Veterinary Services Laboratory, Washington Animal Disease Diagnostic Laboratory, Kansas State Veterinary Diagnostic Laboratory, Randox Laboratories Ltd., Greencross Ltd., Gribbles Veterinary Pathology Pty. Ltd., Mars Inc., Vaxxinova Gmbh, Pirbright Institute, Biobest Laboratories Ltd., Biovet Private Limited, Fujifilm Holdings Corporation
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How Are the Key Segments of the Veterinary Reference Laboratory Market Driving Opportunities and Innovations?
The veterinary reference laboratory market covered in this report is segmented –
1) By Services: Clinical Chemistry, Hematology, Immunodiagnostics, Urinalysis, Molecular Diagnostics, Other Services
2) By Animal Type: Companion Animals, Livestock Animals
3) By Application: Clinical Pathology, Bacteriology, Parasitology, Virology, Productivity Testing, Pregnancy Testing, Toxicology Testing
4) By End User: Veterinary Hospitals, Veterinary Clinics
Subsegments:
1) By Clinical Chemistry: Blood Biochemistry Panels, Electrolyte Analysis, Liver And Kidney Function Tests
2) By Hematology: Complete Blood Count (CBC), Coagulation Testing, Blood Smear Analysis
3) By Immunodiagnostics: Serology Testing, Antibody And Antigen Testing, Allergy Testing
4) By Urinalysis: Urine Chemistry Analysis, Microscopic Examination, Urine Culture And Sensitivity
5) By Molecular Diagnostics: PCR Testing, Genetic Testing, Infectious Disease Detection
6) By Other Services: Cytology, Histopathology, Parasitology
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theVeterinary Reference Laboratory Market?# Market Expansion?
North America was the largest region in the veterinary reference laboratory market in 2024.The regions covered in the veterinary reference laboratory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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