According to the latest report by IMARC Group, titled “Veterinary Reference Laboratory Market Report by Technology (Clinical Chemistry, Hematology, Immunodiagnostics, Molecular Diagnostics, and Others), Application (Clinical Pathology, Toxicology, Productivity Testing, and Others), Animal Type (Livestock Animals, Companion Animals), and Region 2025-2033,” the global veterinary reference laboratory market reached a value of USD 4.6 Billion in 2024. A veterinary reference laboratory is a facility wherein zoonotic and associated diseases are diagnosed. These laboratories perform routine or special research on pets and farm animals. Veterinary reference laboratories also conduct health screenings, pre-anesthetic examinations, and track therapy effectiveness. They provide technical and scientific assistance and consultancy on the diagnosis and treatment of multiple zoonotic diseases, such as plague, rabies, query fever and listeriosis, that can spread from animals to humans.
Global Veterinary Reference Laboratory Market Trends:
The increasing prevalence of transboundary animal diseases (TADs) and zoonotic diseases is primarily driving the market growth. Moreover, the growing adoption of companion animals, along with the rising demand for pet insurance is also driving the market. Besides this, the need for polymerase chain reaction (PCR) research in veterinary reference laboratories to study the effects of SARS-CoV-2 and other pathogens is contributing to the market further. Various technological advancements, such as the development of innovative rapid tests and portable instruments for point-of-care (POC) testing, are also fueling the market growth. Other factors, including increasing animal healthcare expenditures and extensive research and development (R&D) activities in veterinary sciences, are creating a positive outlook for the market. Looking forward, the market value is projected to reach USD 11.0 Billion by 2033, expanding at a CAGR of 9.72% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Technology, Application, Animal Type, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Boehringer Ingelheim GmbH, IDEXX Laboratories Inc., Neogen Corporation, Phoenix Central Laboratory for Veterinarians Inc. (Zoetis Inc.), ProtaTek International Inc. (Pharmgate LLC), Royal GD, Texas A&M Veterinary Medical Diagnostic Laboratory, VCA Inc. (Mars Incorporated) and Virbac Animal Health India Private Limited |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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