The Worldwide Veterinary Reference Laboratory Industry is Projected to Reach $7.3 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Veterinary Reference Laboratory Market Research Report by Type of Service, Animal, Application, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Veterinary Reference Laboratory Market size was estimated at USD 3,291.23 million in 2021, USD 3,751.34 million in 2022, and is projected to grow at a CAGR 14.23% to reach USD 7,313.95 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Veterinary Reference Laboratory Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Veterinary Reference Laboratory Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Veterinary Reference Laboratory Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Veterinary Reference Laboratory Market?

4. What is the competitive strategic window for opportunities in the Global Veterinary Reference Laboratory Market?

5. What are the technology trends and regulatory frameworks in the Global Veterinary Reference Laboratory Market?

6. What is the market share of the leading vendors in the Global Veterinary Reference Laboratory Market?

7. What modes and strategic moves are considered suitable for entering the Global Veterinary Reference Laboratory Market?

Market Dynamics

Drivers

• Growth in the companion animal population and demand for pet insurance
• Increasing incidence of transboundary and zoonotic diseases in the pets
• Rising adoption of pets in the developing economies

Restraints

• Increasing pet care costs with rising demand for rapid tests, POC testing, and portable instruments

Opportunities

• Emergence of technologically advanced veterinary reference laboratory for better pet care and reduced cost in the testing of the pet diseases
• Rising public-private partnerships for the improvement of veterinary health
• Growing demand for animal-derived food products and increasing the use for PCR testing panels

Challenges

• Lack of awareness and weak functional and infrastructural capacities

Companies Mentioned

• Animal and Plant Health Agency
• Boehringer Ingelheim International GmbH
• Genesis Biotechnology Group, LLC
• Gezondheidsdienst voor Dieren B.V.
• Greencross Limited
• Gribbles Veterinary
• IDEXX Laboratories, Inc.
• LABOKLIN Laboratory for Clinical Diagnostics GmbH & Co. KG
• Mars, Incorporated
• Marshfield Clinic Health System
• Neogen Corporation
• Phoenix Labs Inc.
• Protatek Reference Laboratory
• Sanofi
• SYNLAB International GmbH
• TVMDL Texas A&M Veterinary Medical Diagnostic Laboratory
• VCA, Inc.
• Virbac S.A.
• Washington Animal Disease Diagnostic Lab
• Zoetis Inc.

For more information about this report visit https://www.researchandmarkets.com/r/con9wk

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