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Veterinary Reference Laboratory Market, By Technology (Hematology, Clinical Chemistry, Molecular Diagnostics, and Immunodiagnostics), By Application, By Animal Type and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

122 Pages | Published Date : 08 / 03 / 18  | Report Code: AV161 | Report Format: PDF

REPORT HIGHLIGHT

The veterinary reference laboratory market is estimated to represent a global market of USD 2.48 billion by 2017 with growth rate of 10.3%.

Market Dynamics

Increasing prevalence of zoonotic diseases is expected to be an important factor driving the growth of veterinary reference laboratory market. According to the Centers for Disease Control and Prevention, large number of people affected with the infections spread through direct or indirect human-animal interface. Also, the WHO stated that zoonotic diseases represent significant public threat and demand proper diagnosis and treatment approach. Furthermore, growing consumption of animal proteins, and thus the expenditure on animal health is also expected to be a factor helping to catalyze this industry growth. According to various research studies, the global demand for animal protein is increasing at constant rate. From 2015 to 2030, the meat production is projected to increase by more than 1 percent annually. This growth will be driven by the increasing preference of people from a vegetarian diet to animal proteins. Such factors would in turn surge in demand for veterinary reference laboratories, driving the industry growth. Other factors such as rising demand for animal derived food products, increasing number of veterinary practitioners, and rising pet care cost augment the overall market growth to some extent. However, low awareness level regarding animal healthcare, especially in developing regions, hamper the market growth during the study period.

Technology Takeaway

The global veterinary reference laboratory market is divided in terms of technology, application, and animal types. Based on technology, the market is divided into Hematology, Clinical Chemistry, Molecular Diagnostics, and Immunodiagnostics. In 2016, clinical chemistry segment recorded USD 639.8 million and is projected to dominate the overall market in foreseeable future. This segment covers the various tests of blood and urine samples to check the function and capability of animal metabolisms and organs. Applications segment is categorized as Bacteriology, Clinical Pathology, Toxicology, and Productivity Testing. The market, by animal type is divided as Companion Animals, and Production Animals. Companion animals include Dogs, Cats, and others. Whereas, production animal covers Poultry, Cattles, and others.

Regional Takeaway

Depending upon geography, North America dominated the global industry in 2016. Of which, the U.S. market for VRL is growing consistently, and is in a state of transition. High prevalence of livestock and zoonotic diseases coupled with the rising pet ownership support the industry growth in this region. While the industry is on a high growth trajectory in developed regions, the overall market appears to be growing at a promising growth rate in developing regions. Among which, Asia Pacific regions accounted for more than 15% share of the total market, followed by ELISA tests and PCR tests accounting for majority of revenue share in region.

Key Vendor Takeaway

Companies such as IDEXX Laboratories, VCA, Inc., Greencross Limited, Zoetis, and Neogen Corporation are some of the prominent participants in the global veterinary reference laboratories market. VCA, Inc. and IDEXX, collectively, captured highest (more than 60%) share of the global industry. At the same time, small scale companies are actively engaged in providing comprehensive veterinary laboratory services to capture significant market share. For instance, U.S. based veterinary medicine company, VCA Inc., offers advanced veterinary laboratory testing and imaging procedures in all states of the U.S. and certain areas in Canada. The company has diverse range of customer base (over 16,000) including veterinary hospitals. In 2014, the company registered approx. USD 360.9 million (16% of the total revenue) from laboratory segment.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TECHNOLOGY

  • Hematology
  • Clinical Chemistry
  • Molecular Diagnostics
  • Immunodiagnostics

MARKET, BY APPLICATION

  • Bacteriology
  • Clinical Pathology
  • Toxicology
  • Productivity Testing

MARKET, BY ANIMAL TYPE

  • Companion Animals
    • Dogs
    • Cats
    • Others
  • Production Animals
    • Poultry
    • Cattles
    • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America
TABLE OF CONTENT

1. VETERINARY REFERENCE LABORATORY MARKET OVERVIEW
1.1. Study Scope
1.2. Base Year
1.3. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. VETERINARY REFERENCE LABORATORY KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. VETERINARY REFERENCE LABORATORY INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Value Chain Analysis
5. VETERINARY REFERENCE LABORATORY MARKET LANDSCAPE
5.1. Market Share Analysis
6. VETERINARY REFERENCE LABORATORY MARKET – BY TECHNOLOGY:
6.1. Overview
6.2. Hematology
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Clinical Chemistry
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Molecular Diagnostics
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Immunodiagnostics
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. VETERINARY REFERENCE LABORATORY MARKET – BY APPLICATION:
7.1. Overview
7.2. Bacteriology
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Clinical Pathology
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Toxicology
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Productivity Testing
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. VETERINARY REFERENCE LABORATORY MARKET – BY ANIMAL TYPE:
8.1. Overview
8.2. Companion Animals
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.3. Dogs
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.4. Cats
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.5. Others
8.2.5.1. Overview
8.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Production Animals
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Poultry
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Cattles
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6. Others
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. VETERINARY REFERENCE LABORATORY MARKET– BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.2.3. U.S.
9.2.3.1. Overview
9.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.2.4. Canada
9.2.4.1. Overview
9.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.3. France
9.3.3.1. Overview
9.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.4. Germany
9.3.4.1. Overview
9.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.5. Rest of Europe
9.3.5.1. Overview
9.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.3. China
9.4.3.1. Overview
9.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.4. India
9.4.4.1. Overview
9.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.5. Rest of APAC
9.4.5.1. Overview
9.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5. Rest of the World
9.5.1. Overview
9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.3. Latin America
9.5.3.1. Overview
9.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.4. Middle East and Africa
9.5.4.1. Overview
9.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. IDEXX Laboratories
10.1.1. Company Overview
10.1.2. SWOT Analysis
10.1.3. Key Developments
10.2. VCA, Inc.
10.2.1. Company Overview
10.2.2. SWOT Analysis
10.2.3. Key Developments
10.3. Greencross Limited
10.3.1. Company Overview
10.3.2. SWOT Analysis
10.3.3. Key Developments
10.4. Zoetis
10.4.1. Company Overview
10.4.2. SWOT Analysis
10.4.3. Key Developments
10.5. Neogen Corporation
10.5.1. Company Overview
10.5.2. SWOT Analysis
10.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. Abbreviations
12.3. Disclaimer
12.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Veterinary Reference Laboratory Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
Table 10 Veterinary Reference Laboratory Market, by Technology, 2014 – 2025 (USD Million)
Table 11 Veterinary Reference Laboratory Market, by Application, 2014 – 2025 (USD Million)
Table 12 Veterinary Reference Laboratory Market, by Animal Type, 2014 – 2025 (USD Million)
Table 13 Veterinary Reference Laboratory Market, by Geography, 2014 – 2025 (USD Million)
Table 14 North America Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 15 U.S. Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 16 Canada Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 17 Europe Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 18 France Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 19 Germany Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 20 Asia Pacific Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 21 China Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 22 India Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 23 Latin America Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)
Table 24 MEA Veterinary Reference Laboratory Market, 2014 – 2025 (USD Million)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Value Chain Analysis Analysis
Figure 6 Veterinary Reference Laboratory Market, by Technology, 2014 – 2025 (USD Million)
Figure 7 Veterinary Reference Laboratory Market, by Application, 2014 – 2025 (USD Million)
Figure 8 Veterinary Reference Laboratory Market, by Animal Type, 2014 – 2025 (USD Million)
Figure 9 Veterinary Reference Laboratory Market, by Geography, 2014 – 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• In-depth analysis of the key market dynamics
• Granular analysis of the current market scenario and expected factors to affect the market
• Detailed analysis of the geographic region, regional and county wise analysis
• Highlight on the strategies that are being adopted by the key players in this market to stay competitive
• Extensive analysis of the key players dominating the market

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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