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Driving Factors of Veterinary Reference Laboratory Market: Rising Demand for Animal Food, and Applications to 2021

Report analyzes veterinary reference laboratory market by technology, by application, type of animal, and region. On basis of technology, market is segmented into clinical chemistry, hematology, immunodiagnostics, and molecular diagnostics. Based on type of application, this market is further sub-segmented into clinical pathology, bacteriology, virology, parasitology, toxicology, productivity testing, and pregnancy testing. Based on type of animal, global market is segmented into companion animals and food-producing animals.


Complete report on Veterinary Reference Laboratory Market spread across 187 Pages, Profiling 11 Companies and Supported with 134 Tables and 48 Figures is now available at http://www.reportsnreports.com/reports/590848-veterinary-reference-laboratory-market-by-technology-clinical-chemistry-hematology-immunodiagnostics-molecular-diagnostics-application-pathology-bacteriology-virology-parasitology-animal-dog-cat-cattle-pig-global-forecast-to-2021.html


Global veterinary reference laboratory market is estimated to grow at a CAGR of 9.8% from 2016 to 2021, to reach USD 2.76 billion by 2021 from USD 1.73 billion in 2016. Growth of this market is mainly attributed to rising demand for animal-derived food products, growing demand for pet insurance and rising animal health expenditure, and rising concern to prevent zoonotic diseases.


This study report is written for following audience

·         Veterinary Reference Laboratory

·         Veterinary hospitals and clinics

·         Animal Health Research and Development (R&D) Companies

·         Government Associations

·         Market Research and Consulting Firms

·         Venture Capitalists and Investors


In this report, veterinary reference laboratory market is segmented on basis of technology, application, animal type, and region. On basis of technology, market is segmented into clinical chemistry, hematology, immunodiagnostics, and molecular diagnostics. Clinical chemistry accounted for largest share of veterinary reference laboratories market in 2015.


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In 2015, North America commanded a major share of the veterinary reference laboratories market. This is mainly due to the increasing adoption of companion animals, growing pet insurance industry, increasing demand for animal-derived food products, and rising veterinary healthcare expenditure in the region.


Some of prominent players in veterinary reference laboratory market include IDEXX Laboratories, Inc. (U.S.), VCA, Inc. (U.S.), GD Animal Health (Netherlands), National Veterinary Services Laboratory (U.S.), Animal and Plant Health Agency (DEFRA APHA Scientific) (U.K.), Animal Health Diagnostic Center (Cornell University) (U.S.), Greencross Limited (Australia), Gribbles Veterinary Pathology (Australia), Phoenix Central Laboratory for Veterinarians, Inc. (U.S.), Zoetis, Inc. (U.S.), Neogen Corporation (U.S.), ProtaTek Internationals Inc. (U.S.), Wisconsin Veterinary Diagnostic Laboratory (U.S.), and Washington State University Veterinary Clinical Pathology Laboratory (U.S.).



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Geographically, global veterinary reference laboratories market is segmented into North America, Europe, Asia-Pacific, & Rest of the World. However, Asia-Pacific is expected to witness highest growth rate during forecast period. Growth in Asia-Pacific market can be attributed to rising animal population and increase in demand for animal-derived food products.


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