Report Overview

A veterinary reference laboratory (VRL) is a facility that provides services related to veterinary, such as diagnosis, treatment, prevention as well as monitoring of animals’ health and diseases. There are various types of branches or fields covered under VRL such as clinical pathology, bacteriology, parasitology, pregnancy test, etc.

Global Veterinary Reference Laboratory Market- Industry Trends & Forecast Report 2027

The global veterinary reference laboratory market was worth USD 3.8 billion in 2020 and is further projected to reach USD 7.1 billion by the year 2027, growing at the CAGR of 9.6% in the forecast period (2021-2027). The veterinary reference laboratory (VRL) market is thriving as a result of reasons such as rising demand for animal-derived food items and rising rates of transboundary and zoonotic illnesses. Furthermore, the rising trend of animal humanization, which is causing an increase in pet adoption, as well as the growing demand for pet insurance is likely to drive the global veterinary reference laboratory market during the forecast period.

                                 

                                                                  Source: BlueWeave Consulting

Global Veterinary Reference Laboratory Market - Overview

A veterinary reference laboratory (VRL) is a facility that provides services related to veterinary, such as diagnosis, treatment, prevention as well as monitoring of animals’ health and diseases. There are various types of branches or fields covered under VRL such as clinical pathology, bacteriology, parasitology, pregnancy test, etc. They play a significant role in sustaining animal and public health by preventing and treating critical ailments such as zoonotic diseases, as humans are equally vulnerable to disease transmission from animals.

Global Veterinary Reference Laboratory Market Forecast and Trends

Growth Drivers

Rising Adoption of Animal Population for the Sake of Companionship

Pet ownership has risen dramatically in recent years. This is attributable to increasing urbanization and the younger generation's desire for living alone. The adoption of animals, essentially dogs and cats, has contributed significantly to the growth of the veterinary reference laboratories in many countries, especially in Brazil, China, India, Mexico, and so on. Additionally, the demand for pet care products and services is projected to swell in the forecast period, which will further drive the growth of the veterinary reference laboratories market in the foreseeable future.

Increasing Use of PCR testing In Animals in Covid-19 Situation

With the emergence of Coronavirus, which originated from an animal, the perception of pets being a mode of transmission spread throughout the world. As a result, the need for animal testing witnessed an upward trend during the outbreak of the pandemic. When animal health officials began conducting studies to understand the effects of viruses on animals, animal testing picked up speed. This situation has yielded the need for the introduction of the innovative PCR (Polymerase Chain Reaction) panel for the testing of Covid-19 in animals. As the number of Covid-19 positive cases increased, so did the demand for the PCR testing tool among pet owners.

Restraints

Restrictive Awareness in the Emerging Economies

The veterinary reference laboratory market is flourishing in the developed regions like the US, Canada, European counties, etc. However, the market is still in its budding stage in the emerging economies, essentially in Asian countries like India, Japan, Thailand, and so on. Although these countries are growing at a very favorable rate, the lack of awareness or even ignorance towards animals’ health is acting as a major hindrance towards the growth of the veterinary reference laboratory market. Additionally, rising demand for instant tests and portable devices for point-of-care services, as well as escalating pet care expenses, are projected to limit the market growth.

Impact of Covid-19 on Global Veterinary Reference Laboratory Market

The Covid-19 situation led to a decline in the visits of patients to the veterinary reference laboratories. As a result, the market of VRL was completely halted. The number of animal tests had decreased as the number of samples received had decreased. As a result, the emphasis of these laboratories moved to aid human testing laboratories by supplying them with medical equipment and specialists. As a result, all the segments under the veterinary reference laboratory have witnessed a halt in their operations, thereby, negatively affecting the overall VRL market.

Global Veterinary Reference Laboratory Market - By Type

Based on type, the global veterinary reference laboratory market is categorized into immunodiagnostics, clinical chemistry services, molecular diagnostics, hematology, urinalysis, and others. Among these, the immunodiagnostics segment held the largest share in the year 2020. The growth of this segment can be attributed to factors such as its rising popularity for the diagnosis of several diseases. Furthermore, they aid in the monitoring and progression of treatment, which is critical in the treatment process. All of the benefits provided by this segment are propelling the immunodiagnostics market forward.

Global Veterinary Reference Laboratory Market - By Application

Based on applications, the global veterinary reference laboratory market is segmented into clinical pathology, bacteriology, virology, parasitology, productivity testing, pregnancy testing, and toxicology testing. Among these, the clinical pathology segment accounted for the largest share in the veterinary reference laboratory market. Clinical pathology provides routine screenings for animals and pets in order to safeguard their health and well-being. There are a variety of tests accessible, such as chemistry analysis, blood-cell count, cross-match, endocrine testing, and so on, which is driving the growth of this segment. Additionally, consultancy services offered by veterinary clinical pathologists are also fueling the market growth.

Global Veterinary Reference Laboratory Market - By Animal-Type

Based on animal types, the global veterinary reference laboratory market is divided into companion animals and livestock animals. The livestock animal segment held the largest market share in the year 2020 due to the high consumption of meat, milk, and other animal products all around the world. However, the companion animal segment is estimated to grow favorably in the forecast period. Pet adoption among people who need a companion has increased in recent years, particularly the adoption of dogs and cats, which is contributing considerably to the growth of this segment.

Global Veterinary Reference Laboratory Market - Regional Insights

Geographically, the global veterinary reference laboratory market is grouped into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, North America dominated the market in 2020 and is projected to lead the market in the forecast period too. The dominance can be attributed to various factors such as developed healthcare infrastructure equipped with advanced technology, along with high healthcare expenditure in the region. Furthermore, the presence of key market participants in this region ensures the availability of services and products in real-time.

Competitive Landscape

The leading market players in the global veterinary reference laboratory are VCA, Inc., Boehringer Ingelheim, The Pirbright Institute, Animal and Plant Health Agency, Protatek International Inc., Colorado State University, Vetnostics, Texas A&M Veterinary Medical Diagnostic Laboratory, University of Minnesota, Laboklin GMBH, Zoetis, Inc., Virbac, Sanofi S.A., Nutreco N.V., and other prominent players. To grow their product portfolio and stay ahead of the competition, the companies primarily focus on creating novel products with broader applications. In this industry, competitive techniques such as collaborations, mergers, and product differentiation are highly common.

Recent Developments

• In April 2021, LexaGene, a US-based molecular diagnostic company announced to have designed an innovative real-time veterinary diagnostic testing called ‘MiQLab’. This tool is equipped with advanced technology which is capable of screening a large number of pathogens or genetic targets.

 

• In April 2020, IDEXX, a leading US-based veterinary diagnostics, software, and water microbiology testing company, launched the SARS-CoV-2 testing tool for veterinarians for testing Covid-19. This tool is known as IDEXX SARS-Cov-2 RealPCR and will be made available in North America first and expand to the rest of the world.

 

Scope of the Report

Attributes	Details
Years Considered	Historical data – 2017-2020
	Base Year – 2020
	Forecast – 2021 – 2027
Facts Covered	Revenue in USD Million
Market Coverage	North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa
Product Service/Segmentation	By Type, By Application, By Animal-type, By Region
Key Players	Synlab International GMBH, GD Animal Health, IDEXX Laboratories, Inc., Iowa State University, Neogen Corporation, VCA, Inc., Boehringer Ingelheim, The Pirbright Institute, Animal and Plant Health Agency, Protatek International Inc., Colorado State University, Vetnostics, Texas A&M Veterinary Medical Diagnostic Laboratory, University Of Minnesota, Laboklin GMBH, Zoetis, Inc., Virbac, Sanofi S.A., Nutreco N.V., and other prominent players

 

By Type

• Immunodiagnostics
• Clinical Chemistry Services
• Molecular Diagnostics
• Hematology
• Urinalysis
• Others

By Application

• Clinical Pathology
• Bacteriology
• Virology
• Parasitology
• Productivity Testing
• Pregnancy Testing
• Toxicology Testing

By Animal Type

• Companion Animals
• Livestock Animals

By Region

• North America
• Europe
• Asia-Pacific (APAC)
• Latin America (LATAM)
• Middle-East & Africa (MEA)

1. Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary and Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary and Secondary Sources

2.3. Breakdown of Primary Research Respondents

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Industry Participants

2.5. Key Questionnaire asked during Primary Interviews

2.6. Key Primary Responses

2.7. Market Size Estimation

2.8. Assumption for the Study

2.9. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Veterinary Reference Laboratory Market – Industry Insights

4.1. DROC Analysis

4.1.1.   Growth Drivers

4.1.2.   Restraints

4.1.3.   Opportunity

4.1.4.   Challenges

4.2. Recent Developments / Technical Landscape

4.3. Regulatory Framework

4.4. Porter’s Five Forces Analysis

4.5. Value Chain Analysis

4.6. Strategic Outlook

5.    Global Veterinary Reference Laboratory Market Overview

5.1. Market Estimates & Forecast by Value, 2017-2027

5.1.1.   By Value (USD Million)

5.2. Market Share & Forecast

5.2.1.   By Type

5.2.1.1. Immunodiagnostics

5.2.1.2. Clinical Chemistry Services

5.2.1.3. Molecular Diagnostics

5.2.1.4. Hematology

5.2.1.5. Urinalysis

5.2.1.6. Others

5.2.2.   By Application

5.2.2.1. Clinical Pathology

5.2.2.2. Bacteriology

5.2.2.3. Virology

5.2.2.4. Parasitology

5.2.2.5. Productivity Testing

5.2.2.6. Pregnancy Testing

5.2.2.7. Toxicology Testing

5.2.3.   By Animal Type

5.2.3.1. Companion Animals

5.2.3.2. Livestock Animals

5.2.4.   By Region

5.2.4.1. North America

5.2.4.2. Europe

5.2.4.3. Asia-Pacific (APAC)

5.2.4.4. Latin America (LATAM)

5.2.4.5. Middle-East & Africa (MEA)

6.    North America Veterinary Reference Laboratory Market Overview

6.1. Market Size and Forecast

6.1.1.   By Value (USD Million), 2017-2027

6.2. Market Share and Forecast

6.2.1.   By Type

6.2.2.   By Application

6.2.3.   By Animal Type

6.2.4.   By Country

6.2.4.1. U.S.

6.2.4.2. Canada

7.    Europe Veterinary Reference Laboratory Market Overview

7.1.     Market Size and Forecast

7.1.1.   By Value (USD Million), 2017-2027

7.2.     Market Share and Forecast

7.2.1.   By Type

7.2.2.   By Application

7.2.3.   By Animal Type

7.2.4.   By Country

7.2.4.1.   Germany

7.2.4.2.   U.K.

7.2.4.3.   France

7.2.4.4.   Italy

7.2.4.5.   Spain

7.2.4.6.   Russia

7.2.4.7.   Netherlands

7.2.4.8.   Rest of Europe

8.    APAC Veterinary Reference Laboratory Market Overview

8.1.     Market Size and Forecast

8.1.1.   By Value (USD Million), 2017-2027

8.2.     Market Share and Forecast

8.2.1.   By Type

8.2.2.   By Application

8.2.3.   By Animal Type

8.2.4.   By Country

8.2.4.1.   China

8.2.4.2.   India

8.2.4.3.   Japan

8.2.4.4.   South Korea

8.2.4.5.   Rest of APAC

9.    LATAM Veterinary Reference Laboratory Market Overview

9.1.     Market Size and Forecast

9.1.1.   By Value (USD Million), 2017-2027

9.2.     Market Share and Forecast

9.2.1.   By Type

9.2.2.   By Application

9.2.3.   By Animal Type

9.2.4.   By Country

9.2.4.1.   Mexico

9.2.4.2.   Brazil

9.2.4.3.   Rest of LATAM

10.MEA Veterinary Reference Laboratory Market Overview

10.1.   Market Size and Forecast

10.1.1.                By Value (USD Million), 2017-2027

10.2.   Market Share and Forecast

10.2.1.                By Type

10.2.2.                By Application

10.2.3.                By Animal Type

10.2.4.                By Country

10.2.4.1.              Saudi Arabia

10.2.4.2.              UAE

10.2.4.3.              South Africa

10.2.4.4.              Turkey

10.2.4.5.              Rest of Europe

11.Competitive Landscape

11.1.1.                List of Key Players and Their Offerings

11.1.2.                Market Share / Ranking Analysis (2020)

11.1.3.                Competitive Benchmarking, By Operating Parameters

12.COVID-19 Impact

12.1.             Future Impact

12.2.             Key Developments during COVID-19

12.3.             Impact on Market

12.3.1.                Different Scenario

12.3.2.                Impact on Companies

12.4.             Regional Impact

13.Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

13.1.             Synlab International GMBH

13.2.             GD Animal Health

13.3.             IDEXX Laboratories, Inc.

13.4.             Iowa State University

13.5.             Neogen Corporation

13.6.             VCA, Inc.

13.7.             Boehringer Ingelheim

13.8.             The Pirbright Institute

13.9.             Animal And Plant Health Agency

13.10.          Protatek International Inc.

13.11.          Colorado State University

13.12.          Vetnostics

13.13.          Texas A&M Veterinary Medical Diagnostic Laboratory

13.14.          University Of Minnesota

13.15.          Laboklin GMBH

13.16.          Zoetis, Inc.

13.17.          Virbac

13.18.          Sanofi S.A.

13.19.          Nutreco N.V.

13.20.          Other Prominent Players

14.Key Strategic Recommendations

 

* Financial information of non-listed Companies will be provided as per availability

 

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

 

 

List of Figures

 

Fig: Global Veterinary Reference Laboratory Segmentation

 

Fig: Global Veterinary Reference Laboratory Market Value Chain Analysis,

 

Fig: Company Market Share Analysis, 2020

 

Fig: Global Veterinary Reference Laboratory Market Size, By Value (USD Million), 2017-2027

 

Fig: Global Veterinary Reference Laboratory Market Share (%), By Type, By Value, 2017-2027

 

Fig: Global Veterinary Reference Laboratory Market Share (%), By Application, By Value, 2017-2027

 

Fig: Global Veterinary Reference Laboratory Market Share (%), By Animal Type, By Value, 2017-2027

 

Fig: Global Veterinary Reference Laboratory Market Share (%), By Country, By Value, 2017-2027

 

Fig: North America Veterinary Reference Laboratory Market Size, By Value (USD Million), 2017-2027

 

Fig: North America Veterinary Reference Laboratory Market Share (%), By Type, By Value, 2017-2027

 

Fig: North America Veterinary Reference Laboratory Market Share (%), By Application, By Value, 2017-2027

 

Fig: North America Veterinary Reference Laboratory Market Share (%), By Animal Type, By Value, 2017-2027

 

Fig: North America Veterinary Reference Laboratory Market Share (%), By Country, By Value, 2017-2027

 

Fig: Europe Veterinary Reference Laboratory Market Size, By Value (USD Million), 2017-2027

 

Fig: Europe Veterinary Reference Laboratory Market Share (%), By Type, By Value, 2017-2027

 

Fig: Europe Veterinary Reference Laboratory Market Share (%), By Application, By Value, 2017-2027

 

Fig: Europe Veterinary Reference Laboratory Market Share (%), By Animal Type, By Value, 2017-2027

 

Fig: Europe Veterinary Reference Laboratory Market Share (%), By Country, By Value, 2017-2027

 

Fig: the Asia-Pacific Veterinary Reference Laboratory Market Size, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Veterinary Reference Laboratory Market Share (%), By Type, By Value, 2017-2027

 

Fig: the Asia-Pacific Veterinary Reference Laboratory Market Share (%), By Application, By Value, 2017-2027

 

Fig: the Asia-Pacific Veterinary Reference Laboratory Market Share (%), By Animal Type, By Value, 2017-2027

 

Fig: the Asia-Pacific Veterinary Reference Laboratory Market Share (%), By Country, By Value, 2017-2027

 

Fig: Latin America Veterinary Reference Laboratory Market Size, By Value (USD Million), 2017-2027

 

Fig: Latin America Veterinary Reference Laboratory Market Share (%), By Type, By Value, 2017-2027

 

Fig: Latin America Veterinary Reference Laboratory Market Share (%), By Application, By Value, 2017-2027

 

Fig: Latin America Veterinary Reference Laboratory Market Share (%), By Animal Type, By Value, 2017-2027

 

Fig: Latin America Veterinary Reference Laboratory Market Share (%), By Country, By Value, 2017-2027

 

Fig: Middle East & Africa Veterinary Reference Laboratory Market Size, By Value (USD Million), 2017-2027

 

Fig: Middle East & Africa Veterinary Reference Laboratory Market Share (%), By Type, By Value, 2017-2027

 

Fig: Middle East & Africa Veterinary Reference Laboratory Market Share (%), By Application, By Value, 2017-2027

 

Fig: Middle East & Africa Veterinary Reference Laboratory Market Share (%), By Animal Type, By Value, 2017-2027

 

Fig: Middle East & Africa Veterinary Reference Laboratory Market Share (%), By Region, By Value, 2017-2027

 

 

 

 

List of Tables

 

Table: Global Veterinary Reference Laboratory Market Size, By Type, By Value, 2017-2027

 

Table: Global Veterinary Reference Laboratory Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: Global Veterinary Reference Laboratory Market Size, By Animal Type, By Value (USD Million), 2017-2027

 

Table: Global Veterinary Reference Laboratory Market Size, By Region, By Value (USD Million), 2017-2027

 

Table: North America Veterinary Reference Laboratory Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: North America Veterinary Reference Laboratory Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: North America Veterinary Reference Laboratory Market Size, By Animal Type, By Value (USD Million), 2017-2027

 

Table: North America Veterinary Reference Laboratory Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Europe Veterinary Reference Laboratory Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: Europe Veterinary Reference Laboratory Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: Europe Veterinary Reference Laboratory Market Size, By Animal Type, By Value (USD Million), 2017-2027

 

Table: Europe Veterinary Reference Laboratory Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Veterinary Reference Laboratory Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Veterinary Reference Laboratory Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Veterinary Reference Laboratory Market Size, By Animal Type, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Veterinary Reference Laboratory Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Latin America Veterinary Reference Laboratory Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: Latin America Veterinary Reference Laboratory Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: Latin America Veterinary Reference Laboratory Market Size, By Animal Type, By Value (USD Million), 2017-2027

 

Table: Latin America Veterinary Reference Laboratory Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Veterinary Reference Laboratory Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Veterinary Reference Laboratory Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Veterinary Reference Laboratory Market Size, By Animal Type, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Veterinary Reference Laboratory Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Synlab International GMBH Financial Analysis

Table: Synlab International GMBH Business Overview

Table: GD Animal Health Financial Analysis

Table: GD Animal Health Business Overview

Table: IDEXX Laboratories, Inc. Financial Analysis

Table: IDEXX Laboratories, Inc. Business Overview

Table: Iowa State University Limited Financial Analysis

Table: Iowa State University Limited Business Overview

Table: Neogen Corporation Financial Analysis

Table: Neogen Corporation Business Overview

Table: VCA, Inc. Systems Financial Analysis

Table: VCA, Inc. Business Overview

Table: Boehringer Ingelheim Financial Analysis

Table: Boehringer Ingelheim Business Overview

Table: The Pirbright Institute Financial Analysis

Table: The Pirbright Institute Business Overview

Table: Animal And Plant Health Agency Financial Analysis

Table: Animal And Plant Health Agency Business Overview

Table: Protatek International Inc. Financial Analysis

Table: Protatek International Inc. Business Overview

Table: Colorado State University Financial Analysis

Table: Colorado State University Business Overview

Table: Vetnostics Financial Analysis

Table: Vetnostics Business Overview

Table: Texas A&M Veterinary Medical Diagnostic Laboratory Financial Analysis

Table: Texas A&M Veterinary Medical Diagnostic Laboratory Business Overview

Table: University Of Minnesota Financial Analysis

Table: University Of Minnesota Business Overview

Table: Laboklin GMBH Financial Analysis

Table: Laboklin GMBH Business Overview

Table: Zoetis, Inc. Financial Analysis

Table: Zoetis, Inc. Business Overview

Table: Virbac Financial Analysis

Table: Virbac Business Overview

Table: Sanofi S.A. Financial Analysis

Table: Sanofi S.A. Business Overview

Table: Nutreco N.V. Financial Analysis

Table: Nutreco N.V. Business Overview