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Market Overview of Global Veterinary Laboratory Testing market:
According to our latest research, the global Veterinary Laboratory Testing market looks promising in the next 5 years. As of 2022, the global Veterinary Laboratory Testing market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
The veterinary laboratory testing services market consists of sales of laboratory testing services for animals. These services consist of various tests conducted for the diagnosis of infectious agents, toxins, and other causes of diseases in animals. The tests conducted involve chemistry, pathology, serology, hematology, radiography, and endocrinology-related assessments. The main technologies of veterinary laboratory testing services are clinical biochemistry, immunodiagnostics, hematology, molecular diagnostics, urinalysis, and other technologies. The veterinary laboratory testing services are beneficial for pet animals and livestock and are used by veterinary hospitals and clinics, diagnostic laboratories, research institutes, in-house testing, and other end users.
Marketing channel sales will be affected differently
The distribution channel segment is divided into offline and online, the offline segment is dominating the market currently, and due to emergence of COVID-19, the online market witnessed a significant growth in 2020. The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some veterinary laboratory testing enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.
Upstream and downstream interactions will lead to disruption of business
The epidemic will have a short-term impact on veterinary laboratory testing industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in veterinary laboratory testing industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.
Rising prevalence of disease epidemics in animals
The veterinary laboratory testing services market is being driven by the rising prevalence of disease epidemics in animals. 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 Customized Regionly is getting 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 tract of animals, such as chicken, 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.
Increasing cases of infectious diseases among animals rising the number of foodborne diseases that growing the adoption of veterinary laboratory testing services. Moreover, livestock animals such as poultry, cattle contain zoonotic pathogens in their intestine that also causes foodborne diseases. According to the Center for Disease Control and Prevention (CDC), 6 out of 10 known infectious diseases in people are transferred from animals, owing to this CDC works 24/7 to protect people from zoonotic diseases that are growing the adoption of veterinary laboratory testing services and thus propelling the growth of the market over the period. Therefore, efforts to curb these infections in animals are driving the market for Veterinary Laboratory Testing.
Laboratory infections continue to occur
Many routine laboratory procedures (e.g., mixing, stirring, grinding, shaking, agitating, ultrasonic treatment and centrifugation of infectious substances) produce aerosols, some of which can enter the human lungs by inhalation. Infections. Pathogens that can cause laboratory infections include pathogenic microorganisms (fungi, bacteria, rickettsiae, viruses) and parasites. The main routes of infection are mucosal contact infection and inhalation infection. There are four types of foodborne and animal contact infections, of which inhalation of contaminated air is the main cause of laboratory-acquired infections. These are a major problem in the development of veterinary laboratory testing.
Company Overview:
Idexx Laboratories is one of the major players operating in the Veterinary Laboratory Testing market, holding a share of 43.69% in 2022.
Idexx Laboratories
IDEXX Laboratories, Inc. is an American multinational corporation engaged in the development, manufacture, and distribution of products and services for the companion animal veterinary, livestock and poultry, water testing, and dairy markets. There are three main segments of the company: Companion Animal Group, Water, and Livestock, Poultry and Dairy (LPD). In addition, the company also manufactures and sells pet-side SNAP tests for a variety of animal health diagnostic uses.
Zoetis
Zoetis is a Gobal animal health company dedicated to supporting customers and their businesses in ever better ways. Building on more than 65 years of experience, Zoetis delivers quality medicines, vaccines and diagnostic products, complemented by biodevices, genetic tests and precision livestock farming. Zoetis is working every day to better understand and address the real-world challenges faced by those who raise and care for animals in ways they find truly relevant.
Segmentation Overview:
By type, Immunodiagnostics segment accounted for the largest share of market in 2022.
Application Overview:
The market's largest segment by application is the segment Dogs, with a market share of 45.3% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Veterinary Laboratory Testing market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Veterinary Laboratory Testing Market Report:
Market Size Estimates: Veterinary Laboratory Testing market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Veterinary Laboratory Testing market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Veterinary Laboratory Testing market
Segment Market Analysis: Veterinary Laboratory Testing market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Veterinary Laboratory Testing market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Veterinary Laboratory Testing Market: Revenue and sales volume of major countries in each region
Veterinary Laboratory Testing Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Veterinary Laboratory Testing market in major regions.
Veterinary Laboratory Testing Industry Value Chain: Veterinary Laboratory Testing market raw materials & suppliers, manufacturing process, distributors, downstream customers
Veterinary Laboratory Testing Industry News, Policies & Regulations
Key players in the global Veterinary Laboratory Testing market are covered in Chapter 12:
Zoetis
Neogen Corporation
Idexx Laboratories
Heska Corporation
Biomérieux SA
Thermo Fisher Scientific
Randox Laboratories, Ltd
In Chapter 2 and Chapter 15.1, based on types, the Veterinary Laboratory Testing market from 2018 to 2028 is primarily split into:
Clinical Biochemistry
Immunodiagnostics
Hematology
Molecular Diagnostics
Urinalysis
Others
In Chapter 3 and Chapter 15.2, based on applications, the Veterinary Laboratory Testing market from 2018 to 2028 covers:
Cats
Dogs
Rabbits
Horses
Birds
Fishes
Reptiles
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Veterinary Laboratory Testing market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028