DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Veterinary Reference Laboratory Market - Global Forecast to 2021" report to their offering.
The veterinary reference laboratory market is expected to witness significant growth in the coming years, with a rising demand for animal-derived food products, growing demand for pet insurance and rising animal health expenditure, rising concern to prevent zoonotic diseases, and increasing number of veterinary practitioners and their income levels in developed region.
The global market is projected to reach USD 2.76 Billion by 2021 from USD 1.73 Billion in 2016, at a CAGR of 9.8% from 2016 to 2021. However, increasing pet care cost may hinder the growth of this market to a certain extent. Emerging markets such as China, India, and Brazil offer significant opportunities for the growth of market. Low animal health awareness and shortage of veterinarians in emerging countries are the major market challenges.
In 2015, North America dominated the veterinary reference laboratory market followed by Europe, Asia-pacific, and Rest of the World. Increasing demand for animal-derived food products, rising companion animal healthcare expenditure, growing number of veterinary practitioners and their income levels, and rising awareness about zoonotic diseases are factors driving the growth of this market.
On the other hand, the Asia-Pacific (APAC) region is expected to witness the highest growth rate during the forecast period. This can be mainly attributed to the growing livestock population, increasing pet adoption, rising awareness about animal health, rising demand of animal derived products, and growing per capita animal health expenditure in this region.
- Animal Health Diagnostic Center (Cornell University)
- Animal and Plant Health Agency
- GD Animal Health
- IDEXX Laboratories, Inc.
- Marshfield Labs
- Neogen Corporation
- Phoenix Central Laboratory for Veterinarians Inc.
- Protatek Internationals Inc.
- VCA, Inc. (Antech Diagnostics, Inc.)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Veterinary Reference Laboratory Market, By Technology
8 Veterinary Reference Laboratory Market, By Application
9 Veterinary Reference Laboratory Market, By Type of Animal
10 Veterinary Reference Laboratory Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/46h63n/veterinary