Veterinary Reference Laboratory Market to Grow with a CAGR of 5.25% through 2029

Increasing pet ownership and humanization of pets and prevalence of zoonotic diseases are factors driving the Global Veterinary Reference Laboratory Market in the forecast period 2025-2029.

According to TechSci Research report, “Veterinary Reference Laboratory Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Veterinary Reference Laboratory Market stood at USD 4.52 Billion in 2023 and is anticipated to grow with a CAGR of 5.25% in the forecast period through 2029. 

Zoonotic diseases, which can be transmitted between animals and humans, have become a major focus due to their impact on public health and global economies, driving increased demand for advanced diagnostic tools and veterinary services. This surge has spurred the growth of the global veterinary reference laboratory market, which plays a crucial role in detecting and managing these diseases through services in pathology, microbiology, serology, and molecular diagnostics. Factors such as urbanization, land use changes, and global trade have amplified the prevalence of zoonotic diseases like avian influenza, rabies, and COVID-19, highlighting the need for effective monitoring and control. Innovations in diagnostic technologies, such as molecular diagnostics and next-generation sequencing, have further advanced disease detection and response. The Asia-Pacific region, in particular, has experienced significant market growth due to rising disease incidence and awareness, while North America and Europe also contribute substantially, supported by robust veterinary healthcare infrastructure and research. Collaboration among veterinary laboratories, public health agencies, and research institutions is vital for comprehensive disease management and early outbreak detection.

Supply chain disruptions, caused by factors such as natural disasters, geopolitical conflicts, or technological failures, can critically affect the Global Veterinary Reference Laboratory Market by disrupting the flow of essential diagnostic tools, reagents, and equipment. These interruptions can lead to delays in production and distribution, resulting in shortages that hinder timely diagnostics and patient care. Rising demand for veterinary diagnostic services, combined with these disruptions, can drive up costs, putting financial strain on laboratories and pet owners. Given the global nature of the market, regional disruptions can have widespread impacts, with geopolitical issues or trade restrictions affecting component availability. To mitigate these challenges, companies should diversify suppliers, use advanced inventory management, and explore alternative sourcing options. Effective communication and collaboration among supply chain partners, along with proactive risk assessments and contingency planning, are essential for maintaining resilience.

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The Global Veterinary Reference Laboratory Market is segmented into service type, application, animal type, region and company.

Based on service type, The Molecular Diagnostics segment is projected to experience rapid growth during the forecast period. Molecular diagnostic techniques offer high sensitivity and specificity, allowing for the detection of pathogens at very low concentrations. This is crucial for accurate diagnosis, especially in the early stages of a disease. Traditional diagnostic methods may take days or weeks to provide results. Molecular diagnostics can deliver rapid results, enabling veterinarians to initiate treatment promptly and prevent the spread of contagious diseases. Molecular diagnostic platforms often have the capability to simultaneously detect multiple pathogens in a single test, known as multiplexing. This not only saves time and resources but also provides a comprehensive view of the animal's health. Molecular diagnostics play a crucial role in identifying genetic mutations and predispositions to inherited diseases in animals. This information is invaluable for breeders and pet owners in making informed decisions about breeding practices.

Major companies operating in Global Veterinary Reference Laboratory Market are:

•         IDEXX Laboratories, Inc.
•         VCA, Inc.
•         GD Animal Health
•         Zoetis Inc.
•         NEOGEN Corporation
•         LABOKLIN GmbH
•         SYNLAB International GmbH
•         Heska Corporation
•         Virbac inc.
•         Vaxxinova Gmbh
•  Thermo Fisher Scientific, Inc

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“Key technological advancements in veterinary diagnostics include the increased use of automation and robotics, which have streamlined testing processes, reduced diagnostic times, and improved efficiency. The rise of molecular diagnostic techniques, such as PCR and next-generation sequencing, has revolutionized testing by providing faster, more detailed analyses of pathogens and genetic disorders. The adoption of telemedicine and digital health solutions has enhanced the delivery of veterinary care through remote monitoring, teleconsultations, and digital health records, improving communication and accessibility. Data analytics and artificial intelligence (AI) are crucial in analyzing large datasets and improving diagnostic accuracy. Additionally, advancements in point-of-care testing with portable devices enable rapid, on-site diagnostics, further driving market growth”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Veterinary Reference Laboratory Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Services Type (Clinical Chemistry, Immunodiagnostics(ELISA, Lateral Flow Assays, Other Immunodiagnostics Services), Molecular Diagnostics( PCR Tests, Microarrays, Other Molecular Diagnostics Services), Hematology, Urinalysis, Other Services), By Application (Clinical Pathology, Bacteriology, Parasitology, Virology, Productivity Testing, Pregnancy Testing, Toxicology Testing), By Animal Type (Companion Animals (Dogs, Cats, Horses, Other Companion Animals), Livestock Animals (Cattle, Swine, Poultry, Other Livestock Animals)), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Veterinary Reference Laboratory Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Veterinary Reference Laboratory Market.

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