Veterinary Laboratory Testing Market Research Report: by Animal Type (Companion, and Livestock Animals), Technology (Clinical Biochemistry, Molecular Diagnostics, and Others), Product (Consumables, and Instruments), end user - Forecast Till 2027

Veterinary Laboratory Testing Market Scenario

Veterinary laboratory testing market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 2200 million in 2017 and is projected to grow at a CAGR of 10.1% over the forecast period.

The veterinary laboratory tests are usually performed to determine the cause of animal’s disorder.

Rising incidence of zoonotic diseases is one of the key factors driving the veterinary laboratory testing market. According to the Maine Center for Disease Control & Prevention, around 75% of emerging infectious diseases affecting humans are diseases of animal origin. The most commonly occurring zoonotic diseases are Rabies, Ebola Virus Disease, Q fever, and others. Various other factors such as rising awareness about animal diseases, technological advancements in veterinary testing, increasing expenditure on pet insurance and favourable funding policies are also expected to propel the growth of the market.

However, high cost of veterinary testing and complications associated with the tests can hinder the market growth over the forecast period.

Segmentation

The veterinary laboratory testing market has been segmented into animal type, technology, product, and end user.

The market, on the basis of animal type, has been segmented into companion animal and livestock animal. The companion animal segment is further classified as dogs, cats, horses and others. The livestock animal segment is further classified as cattle, pigs, poultry and others.

The market, by technology, has been segmented into clinical biochemistry, immunodiagnostics, hematology, molecular diagnostics, urinalysis, and others.

The clinical biochemistry segment is further classified as clinical chemistry analysis, glucose monitoring, and blood gas & electrolyte analysis. The clinical chemistry analysis segment includes clinical chemistry reagent clips and cartridges and clinical chemistry analyzers. The glucose monitoring segment includes blood glucose strips, glucose monitors and urine glucose strips. The blood gas & electrolyte analysis segment includes blood gas and electrolyte reagent clips and cartridges and blood gas & electrolyte analyzers.

The immunodiagnostics segment is further classified as ELISA tests, lateral flow assays, allergen-specific immunodiagnostic tests, immunoassay analyzers, and others. The lateral flow assays segment includes lateral flow rapid tests, and lateral flow strip readers.

The hematology segment is further classified as hematology cartridges, and hematology analyzers.

The molecular diagnostics segment is further classified as polymerase chain reaction (PCR) tests, microarrays, and others.

The urinalysis segment is further classified as urinalysis clips & cartridges/panels, urine analyzers, and urine test strips.

The market, by product, has been segmented into consumables and instruments.

The market, by end user, has been segmented into veterinary hospitals & clinics, in-house testing, research institutes, diagnostic laboratories, and others. The veterinary hospitals & clinics segment held the largest segment of the market in 2017. This can be attributed to the increasing incidence of zoonotic diseases. On the other hand, the academic institutes segment is estimated to be the fastest growing segment.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The veterinary laboratory testing market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European veterinary laboratory testing market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 

The veterinary laboratory testing market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The veterinary laboratory testing market in the Middle East & Africa has been segmented into the Middle East and Africa.

Regional Market Summary

Veterinary Laboratory Testing Market Share (%), by Region, 2017

Source: Centers for Disease Control and Prevention (CDC), Eurostat, White Papers, Company Presentations, Annual Reports

Geographically, the Americas is anticipated to dominate the veterinary laboratory testing market owing to increasing cases of animal disease and technological advancements in veterinary diagnostics.

For instance, in 2016, IDEXX Laboratories, Inc. launched the Rapid Visual Pregnancy Test for cattle. With the new test, veterinarians can more quickly identify open cows using whole blood samples collected before the farm visit.

Europe is expected to hold the second largest position in the veterinary laboratory testing market. The market growth in this region is attributed to the rising expenditure on pet insurance.

The Veterinary Laboratory Testing Market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to the awareness regarding use of sterile consumables for lab testing and rising healthcare spending.

The Middle East & Africa contributes least in the global market for veterinary laboratory testing.

Veterinary Laboratory Testing Market, by Animal Type

• Companion Animals
  
  
  
  • Dogs
  
  
  • Cats
  
  
  • Horses
  
  
  • Others
  
  
  
  


• Livestock Animals
  
  
  
  • Cattle
  
  
  • Pigs
  
  
  • Poultry
  
  
  • Others
  
  
  
  

Veterinary Laboratory Testing Market, by Technology

• Clinical Biochemistry
  
  
  
  • Clinical Chemistry Analysis
    
    
    
    • Clinical Chemistry Reagent Clips and Cartridges
    
    
    • Clinical Chemistry Analyzers
    
    
    
    
  
  
  • Glucose Monitoring
    
    
    
    • Blood Glucose Strips
    
    
    • Glucose Monitors
    
    
    • Urine Glucose Strips
    
    
    
    
  
  
  • Blood Gas & Electrolyte Analysis
    
    
    
    • Blood Gas and Electrolyte Reagent Clips and Cartridges
    
    
    • Blood Gas & Electrolyte Analyzers
    
    
    
    
  
  
  
  


• Immunodiagnostics
  
  
  
  • ELISA Tests
  
  
  • Lateral Flow Assays
    
    
    
    • Lateral Flow Rapid Tests
    
    
    • Lateral Flow Strip Readers
    
    
    
    
  
  
  • Allergen-Specific Immunodiagnostic Tests
  
  
  • Immunoassay Analyzers
  
  
  • Others
  
  
  
  


• Hematology
  
  
  
  • Hematology Cartridges
  
  
  • Hematology Analyzers
  
  
  
  


•  Molecular Diagnostics
  
  
  
  • Polymerase Chain Reaction (PCR) Tests
  
  
  • Microarrays
  
  
  • Others
  
  
  
  


• Urinalysis
  
  
  
  • Urinalysis Clips & Cartridges/Panels
  
  
  • Urine Analyzers
  
  
  • Urine Test Strips
  
  
  
  


• Others

Veterinary Laboratory Testing Market, by Product

• Consumables


• Instruments

Veterinary Laboratory Testing Market, by End User

• Veterinary Hospitals & Clinics


• In-House Testing


• Research Institutes


• Diagnostic Laboratories


• Others

Veterinary Laboratory Testing Market, by Region

• Americas
  
  
  
  • North America
    
    
    
    • US
    
    
    • Canada
    
    
    
    
  
  
  • South America
  
  
  
  


• Europe
  
  
  
  • Western Europe
    
    
    
    • Germany
    
    
    • France
    
    
    • Italy
    
    
    • Spain
    
    
    • UK
    
    
    • Rest of Western Europe
    
    
    • Eastern Europe
    
    
    
    
  
  
  
  


• Asia-Pacific
  
  
  
  • Japan
  
  
  • China
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• The Middle East & Africa
  
  
  
  • Middle East
  
  
  • Africa
  
  
  
  

Veterinary Laboratory Testing Market, by Key Players

• Abaxis, Inc.


• BIOCHECK Inc.


• Biomérieux SA


• Henry Schein, Inc.


• Heska Corporation


• Idexx Laboratories


• Idvet


• Neogen Corporation


• Pfizer


• Qiagen N.V.


• Randox Laboratories, Ltd.


• Thermo Fisher Scientific


• VCA Inc.


• Virbac


• Zoetis, Inc.

Intended Audience

• Research and Development Organization


• Diagnostic Laboratories


• Healthcare Organizations


• Research Institutes

Report Scope:

Report Attribute/Metric	Details
Market Size	2017: USD 2200 Million 2027: Significant Value
CAGR	10.1% (2018-2023)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Animal type, Technology, Product, and End user
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Abaxis Inc., BIOCHECK Inc., Biomérieux SA, Henry Schein Inc., Heska Corporation, Idexx Laboratories, Idvet, Neogen Corporation, Pfizer, Qiagen N.V., Randox Laboratories Ltd., Thermo Fisher Scientific, VCA Inc., Virbac, Zoetis Inc.
Key Market Opportunities	Rising incidence of zoonotic diseases
Key Market Drivers	Rising awareness about animal diseases Technological advancements in veterinary testing Increasing expenditure on pet insurance Favourable funding policies

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