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Veterinary Reference Laboratory Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5703404
Major players in the veterinary reference laboratory market are IDEXX Laboratories Inc., VCA Animal Hospitals, GD Animal Health, Boehringer Ingelheim, Zoetis Inc., Neogen Corporation, Laboklin GmbH & Co. KG, SYNLAB International GmbH, Heska Corporation, Virbac, Thermo Fisher Scientific Inc., Texas A&M Veterinary Medical Diagnostic Laboratory, University of Minnesota, Iowa State University, Vetnostics, ProtaTek International Inc., Animal and Plant Health Agency, Animal Health Diagnostic Center, National Veterinary Services Laboratory USDA-APHIS, Washington Animal Disease Diagnostic Laboratory, Kansas State Veterinary Diagnostic Laboratory, Randox Laboratories Ltd., Greencross Ltd, and Gribbles Veterinary.

The global veterinary reference laboratory market is expected to grow from $3.06 billion in 2021 to $3.50 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The veterinary reference laboratory market is expected to reach $5.51 billion in 2026 at a CAGR of 12%.

The veterinary reference laboratory market includes revenues earned by entities by productivity testing, toxicology, pregnancy testing, parasitology and bacteriology that are used for a specimen to another laboratory for testing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The veterinary reference laboratory refers to facilities that perform key veterinary science duties such as disease diagnosis, treatment options determination, prevention, and monitoring.

North America was the largest region in the veterinary reference laboratory market in 2021. The regions covered in the veterinary reference laboratory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main serveries of veterinary reference laboratories are clinical chemistry, hematology, immunodiagnostics, urinalysis, molecular diagnostics, and others. Clinical chemistry refers to the biochemical examination of bodily fluids to aid in illness diagnosis and therapy. Chemical reactions are used in this specialist testing to identify or measure amounts of chemical substances in bodily fluids. The various animal types involved are companion animals and livestock animals. The various applications involved are clinical pathologies, bacteriology, parasitology, virology, product testing, pregnancy testing, and toxicology testing that are used by veterinary hospitals, and veterinary clinics' end users.

The increasing prevalence of zoonotic diseases is expected to propel the growth of the veterinary reference laboratories market going forward. Zoonotic diseases are caused by pathogenic bacteria, viruses, parasites, and fungi. These viruses can cause a wide range of ailments in humans and animals, from moderate to severe illness and even death. Veterinary reference laboratories are powerful and important tools for preventing zoonotic illnesses, promoting animal health and welfare, safe food production, and public health. For instance, in March 2020, according to National Center for Biotechnology Information, a US-based branch of the National Institutes of Health, in 2020 India, 816 of the 1407 human diseases were zoonotic, meaning they may be spread naturally between animals and humans. These pathogens include 538 bacteria and rickettsia, 317 fungi, 208 viruses, 287 helminths, and 57 protozoa. It was also noted that 177 (13%) of the total pathogens were developing or re-emerging, with 130 (75%) of these being categorized as zoonoses. Therefore, the increasing prevalence of zoonotic diseases is driving the growth of the veterinary reference laboratories market.

Technological advancement is a key trend gaining popularity in the veterinary reference laboratories market. Major companies operating in the veterinary reference laboratories market are concentrating their efforts on creating innovative technologies in to sustain their position. For instance, in January 2020, IDEXX Laboratories Inc., a US-based company engaged in the distribution of products and services for companion animal veterinary, water testing, livestock and poultry, and dairy, launched IDEXX’s proprietary VetConnect PLUS, a new rapid digital cytology service that digitally connects veterinarians to the world's largest network of more than 100 veterinary clinical pathologists, allowing them to receive cytology interpretations in as little as 2 hours, the service will be available 24 hours a day, seven days a week, 365 days a year. IDEXX has also integrated digital cytology capacity into its reference laboratories, allowing veterinarians who submit cytology cases to IDEXX Reference Laboratories to benefit from shorter turnaround times as well as expanded access to IDEXX's world-class network of pathologists. Several reference laboratory digital cytology customers now benefit from deeper case collaboration among IDEXX's diverse expertise, as well as increased capacity to guide cases to the pathologist best suited to provide an interpretation.

In September 2021, Heska Corporation, a US-based company engaged in advanced veterinary diagnostic and specialty products acquired Biotech Laboratories U.S.A. LLC for an undisclosed amount. With this acquisition, Biotech, a Heska-owned global product line, and intellectual property portfolio and aims to expand its product portfolio to deliver vital tests to thousands of point-of-care diagnostics subscribers worldwide. Biotech Laboratories U.S.A. LLC is a US-based company engaged in rapid point-of-care tests to detect antigens and antibodies associated with infectious and parasitic diseases of animals.

The countries covered in the veterinary reference laboratory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The veterinary reference laboratory market research report is one of a series of new reports that provides veterinary reference laboratory market statistics, including veterinary reference laboratory industry global market size, regional shares, competitors with veterinary reference laboratory market share, detailed veterinary reference laboratory market segments, market trends, and opportunities, and any further data you may need to thrive in the veterinary reference laboratory industry. This veterinary reference laboratory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.



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Frequently Asked Questions about the Global Veterinary Reference Laboratory Market

What is the estimated value of the Global Veterinary Reference Laboratory Market?

The Global Veterinary Reference Laboratory Market was estimated to be valued at $3.5 billion in 2022.

What is the growth rate of the Global Veterinary Reference Laboratory Market?

The growth rate of the Global Veterinary Reference Laboratory Market is 12.0%, with an estimated value of $5.51 billion by 2026.

What is the forecasted size of the Global Veterinary Reference Laboratory Market?

The Global Veterinary Reference Laboratory Market is estimated to be worth $5.51 billion by 2026.

Who are the key companies in the Global Veterinary Reference Laboratory Market?

Key companies in the Global Veterinary Reference Laboratory Market include IDEXX Laboratories Inc., VCA Animal Hospitals, GD Animal Health, Boehringer Ingelheim, Zoetis Inc., Neogen Corporation, Laboklin GmbH & Co. KG, SYNLAB International GmbH and Virbac.

Table of Contents

1. Executive Summary2. Veterinary Reference Laboratory Market Characteristics3. Veterinary Reference Laboratory Market Trends And Strategies
4. Veterinary Reference Laboratory Market - Macro Economic Scenario
4.1. COVID-19 Impact On Veterinary Reference Laboratory Market
4.2. Ukraine-Russia War Impact On Veterinary Reference Laboratory Market
4.3. Impact Of High Inflation On Veterinary Reference Laboratory Market
5. Veterinary Reference Laboratory Market Size And Growth
5.1. Global Veterinary Reference Laboratory Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Veterinary Reference Laboratory Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Veterinary Reference Laboratory Market Segmentation
6.1. Global Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Clinical Chemistry
  • Hematology
  • Immunodiagnostics
  • Urinalysis
  • Molecular Diagnostics
  • Other Services
6.2. Global Veterinary Reference Laboratory Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Companion Animals
  • Livestock Animals
6.3. Global Veterinary Reference Laboratory Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Clinical Pathology
  • Bacteriology
  • Parasitology
  • Virology
  • Productivity Testing
  • Pregnancy Testing
  • Toxicology Testing
6.4. Global Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Veterinary Hospitals
  • Veterinary Clinics
7. Veterinary Reference Laboratory Market Regional And Country Analysis
7.1. Global Veterinary Reference Laboratory Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Veterinary Reference Laboratory Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Veterinary Reference Laboratory Market
8.1. Asia-Pacific Veterinary Reference Laboratory Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Veterinary Reference Laboratory Market
9.1. China Veterinary Reference Laboratory Market Overview
9.2. China Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Veterinary Reference Laboratory Market
10.1. India Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Veterinary Reference Laboratory Market
11.1. Japan Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Veterinary Reference Laboratory Market
12.1. Australia Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Veterinary Reference Laboratory Market
13.1. Indonesia Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Veterinary Reference Laboratory Market
14.1. South Korea Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Veterinary Reference Laboratory Market
15.1. Western Europe Veterinary Reference Laboratory Market Overview
15.2. Western Europe Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Veterinary Reference Laboratory Market
16.1. UK Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Veterinary Reference Laboratory Market
17.1. Germany Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Veterinary Reference Laboratory Market
18.1. France Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Veterinary Reference Laboratory Market
19.1. Eastern Europe Veterinary Reference Laboratory Market Overview
19.2. Eastern Europe Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Veterinary Reference Laboratory Market
20.1. Russia Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Veterinary Reference Laboratory Market
21.1. North America Veterinary Reference Laboratory Market Overview
21.2. North America Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Veterinary Reference Laboratory Market
22.1. USA Veterinary Reference Laboratory Market Overview
22.2. USA Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Veterinary Reference Laboratory Market
23.1. South America Veterinary Reference Laboratory Market Overview
23.2. South America Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Veterinary Reference Laboratory Market
24.1. Brazil Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Veterinary Reference Laboratory Market
25.1. Middle East Veterinary Reference Laboratory Market Overview
25.2. Middle East Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Veterinary Reference Laboratory Market
26.1. Africa Veterinary Reference Laboratory Market Overview
26.2. Africa Veterinary Reference Laboratory Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Veterinary Reference Laboratory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Veterinary Reference Laboratory Market Competitive Landscape And Company Profiles
27.1. Veterinary Reference Laboratory Market Competitive Landscape
27.2. Veterinary Reference Laboratory Market Company Profiles
27.2.1. IDEXX Laboratories Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. VCA Animal Hospitals
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. GD Animal Health
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Boehringer Ingelheim
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Zoetis Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Veterinary Reference Laboratory Market29. Veterinary Reference Laboratory Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Veterinary Reference Laboratory Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global veterinary reference laboratory market.

This report focuses on veterinary reference laboratory market which is experiencing strong growth. The report gives a guide to the veterinary reference laboratory market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the veterinary reference laboratory? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Veterinary Reference Laboratory market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider veterinary reference laboratory market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The veterinary reference laboratory market section of the report gives context. It compares the veterinary reference laboratory market with other segments of the veterinary reference laboratory market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, veterinary reference laboratory indicators comparison.

Scope

Markets Covered:

1) By Services: Clinical Chemistry; Hematology; Immunodiagnostics; Urinalysis; Molecular Diagnostics; Other Services
2) By Animal Type: Companion Animals; Livestock Animals
3) By Application: Clinical Pathology; Bacteriology; Parasitology; Virology; Productivity Testing; Pregnancy Testing; Toxicology Testing
4) By End User: Veterinary Hospitals; Veterinary Clinics

Companies Mentioned: IDEXX Laboratories Inc.; VCA Animal Hospitals; GD Animal Health; Boehringer Ingelheim; Zoetis Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • IDEXX Laboratories Inc.
  • VCA Animal Hospitals
  • GD Animal Health
  • Boehringer Ingelheim
  • Zoetis Inc.
  • Neogen Corporation
  • Laboklin GmbH & Co. KG
  • SYNLAB International GmbH
  • Heska Corporation
  • Virbac
  • Thermo Fisher Scientific Inc.
  • Texas A&M Veterinary Medical Diagnostic Laboratory
  • University of Minnesota
  • Iowa State University
  • Vetnostics
  • ProtaTek International Inc.
  • Animal and Plant Health Agency
  • Animal Health Diagnostic Center
  • National Veterinary Services Laboratory USDA-APHIS
  • Washington Animal Disease Diagnostic Laboratory
  • Kansas State Veterinary Diagnostic Laboratory
  • Randox Laboratories Ltd.
  • Greencross Ltd
  • Gribbles Veterinary.

Methodology

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