The global veterinary reference laboratories (VRL) market is
expected to reach USD 5.13 billion by 2025, according to a new report by Grand
View Research, Inc. Increase in incidence of zoonotic diseases is a key driving
factor for market growth. Increase in adoption of integrated diagnostic systems
coupled with information ecosystems for veterinary diagnostics is anticipated
to fuel development.
Rise in demand for advanced diagnostic
tests and growing awareness amongst consumers are some of the factors expected
to boostdemandover the coming years. Moreover, companies are investing in
R&D for the advancement of test kits for cost-effective diagnosis &
monitoring of animal health, which is expected to boost growth. Some of the
advancements in this market include efficient information management systems
used in animal diagnostic applications, vaccine banks, and mobile apps for
continuous monitoring. High focus toward innovation in veterinary health is
anticipated to fuel the demand for reference labs. For instance, Innovative
Medicines Initiative (IMI) is a public-private partnership that supports
pharmaceutical innovations in Europe.
In addition, MediLabSecure, a
laboratory network project was established, which aims to identify emerging
viruses& pathogens in 19 countries in the Mediterranean regions and 57 labs
were involved. Furthermore, increase in the number of government initiatives to
promote veterinary diagnostics products is presumed to drive the overall
growth.
Browse full research report on Veterinary Reference
Laboratory Market: https://www.grandviewresearch.com/industry-analysis/veterinary-reference-laboratory-vrl-market
Further Key Findings From the Study Suggest:
- The clinical chemistry analyzers segment held the dominant
share of the market as of 2016 owing to growing demand for veterinary
diagnostics products
- Increase ininstances of contamination in pet foods that
causesevere illnesses and deaths amongst animalsis expected to boost the
demand for toxicology testing services
- Production animals accounted for largest revenue share in
2016 owing to their highest consumption rate
- The market was dominated by North America and is expected to
retain its position throughout the forecast period
- Presence of prominent industry players, advanced healthcare
infrastructure, and high healthcare expenditure are some of the factors
responsible for growth
- Companies offering reference laboratories are focusing on the
development of cost-effective diagnostic solutions for animal health
- IDEXX Laboratories, Inc. held a dominant share owing to its
presence across the globe and a wide product portfolio of advanced
diagnostic tests
- Strategies such as regional expansion, new product
developments, merger & acquisitions, and research collaborations are
anticipated to propel growth
- For instance, inJanuary 2017, Mars, Inc. announced the
agreement for acquiring VCA Inc. in a probe to capture higher share
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/veterinary-reference-laboratory-vrl-market/request/rs1
Grand View Research has segmented VRL market on the basis of the
technology, application, animal type,and region:
VRL Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Clinical
Chemistry
- Hematology
- Immunodiagnostics
- ELISA
- Lateral
Flow Rapid Tests
- Others
- Molecular
Diagnostics
- PCR
- Microarrays
- Others
- Others
VRL Application Outlook (Revenue, USD Million, 2014 - 2025)
- Clinical
Pathology
- Toxicology
- Productivity
Testing
- Others
VRL Animal Type Outlook (Revenue, USD Million, 2014 - 2025)
- Production
- Companion
VRL Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Mexico
- Brazil
- MEA
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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