Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.35 Billion | USD 9.2 Billion | 10.2% | 2021 |
FrequentlyAsked Questions
Increase in R&D for studying animal-related infections and their implication for humans is expected to drive the global market along with rising acceptance of animals amongst the human population. The rise in the adoption of technology in veterinary clinics and laboratories is projected to aid global market growth backed by heavy investments from market players to expand their footprints in the global economy.
As per Zion Market Research, the global veterinary reference laboratory market was valued at $3.35B in 2021 and is projected to generate a revenue of over $9.2B by 2028. The global market is anticipated to grow at a CAGR of 10.2% during the forecast period.
The global veterinary reference laboratory market is expected to be dominated by North America which has already been leading the market in the last few years owing to extremely funding received from various organizations to improve animal healthcare in the region. In December 2021, the US Department of Agriculture’s Animal and Plant Health Inspection Service donated over $16m for over 60 projects in the USA.
The global veterinary reference laboratory market is dominated by players like IDEXX Laboratories, Texas A&M Veterinary Medical Diagnostic Lab., The Pirbright Institute, Vetnostics, NEOGEN Corporation, LABOKLIN GmbH, SYNLAB International GmbH, Kansas State Veterinary Diagnostic Lab., ProtaTek International Inc., and Colorado State University
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed