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Base Year: 2024
Companies covered: 14
Tables & Figures: 209
Countries covered: 19
Pages: 136
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Veterinary Reference Laboratory Market
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Veterinary Reference Laboratory Market Size
The global veterinary reference laboratory market was valued at USD 4.9 billion in 2024. The market is anticipated to grow from USD 5.3 billion in 2025 to USD 13.3 billion in 2034, growing at a CAGR of 10.6% from 2025 to 2034. The increasing cases of zoonotic and chronic diseases in companion and farm animals are accelerating the growth of the market.
The surge in animal ownership around the world has resulted in a growing demand for animal diagnosis and healthcare services. There is a growing demand for specialized testing offered by reference laboratories because pet owners are more aware of the importance of early diagnosis and detection of cancer, diabetes, and parasitic infections. Also, in the livestock segment, there is mounting pressure due to the need for food safety and animal health compliance, which is further driving advanced diagnostic testing.
Furthermore, government policies focusing on animal health and disease management are also driving public and private investments, thus propelling market growth. Partnerships between veterinary practices and reference laboratories, along with the network expansions by major corporations, are increasing the availability of diagnostic services in emerging markets. In addition, the rising adoption of pet insurance is easing the financial constraints of diagnostic testing for pet owners, which in turn is driving the use of reference services. All these elements together are reinforcing strong growth in the veterinary reference laboratory market.
A veterinary reference laboratory is responsible for identifying zoonotic diseases in farm and domestic animals. On a regular basis, the labs test animals for brucellosis, TB, anthrax, yellow fever, rabies, measles, and other diseases. Veterinary reference laboratories offer services such as clinical pathology, bacteriology, toxicology, virology, and pregnancy testing. They also provide technical and scientific support by using hematology, immunodiagnostics, and molecular diagnostics.
Veterinary Reference Laboratory Market Trends
Veterinary Reference Laboratory Market Analysis
In 2021, the global veterinary reference laboratory industry was valued at USD 3.9 billion. The following year, it saw a slight increase to USD 4.2 billion, and by 2023, the market further climbed to USD 4.5 billion. Based on technology, the market is divided into clinical chemistry, immunodiagnostics, molecular diagnostics, hematology, urinalysis, and other technologies. The clinical chemistry segment accounted for the highest market share and was valued at USD 1.8 billion in 2024.
Based on the application, the global veterinary reference laboratory market is segmented into bacteriology, virology, clinical pathology, parasitology, pregnancy testing, productivity testing, and toxicology testing. The clinical pathology segment dominated the market with 34.6% market share in 2024.
Based on animal type, the global veterinary reference laboratory market is categorized into companion animals and livestock animals. The companion animal segment dominated the market in 2024 and is expected to reach USD 9.8 billion by 2034. The segment includes dogs, cats, horses, and other companion animals.
The North America market dominated the global veterinary reference laboratory market with a market share of 38.6% in 2024. The large share of this region can be attributed to the high adoption of companion animals, increased veterinary healthcare spending, and the presence of advanced diagnostic infrastructure. Additionally, strong industry presence and favorable government initiatives support market growth in the region.
The U.S. veterinary reference laboratory market was valued at USD 1.4 billion and USD 1.5 billion in 2021 and 2022, respectively. The market size reached USD 1.7 billion in 2024, growing from USD 1.6 billion in 2023.
Europe veterinary reference laboratory market accounted for USD 1.4 billion in 2024 and is anticipated to show lucrative growth over the forecast period.
Germany veterinary reference laboratory market is anticipated to witness considerable growth over the analysis period.
The Asia Pacific market is anticipated to witness significant growth over the analysis timeframe.
India veterinary reference laboratory market is predicted to grow significantly over the forecast period.
Brazil is experiencing significant growth in the Latin America veterinary reference laboratory market due to the increasing demand for advanced diagnostic tools in veterinary care.
South Africa veterinary reference laboratory market is poised to witness substantial growth in Middle East and Africa market during the forecast period.
Veterinary Reference Laboratory Market Share
Competition in the veterinary reference laboratory industry is characterized by the presence of a few dominant players alongside several regional and specialized laboratories. The top 4 players such as Antech Diagnostics (Mars), IDEXX Laboratories, Virbac, and Zoetis account for approximately 45% - 48% of the global market owing to their extensive service portfolios, global reach, and continuous investments in advanced diagnostic technologies. These key players focus on various strategies such as acquisitions, business expansion, and new service launches to strengthen their market presence.
Additionally, the market is witnessing increasing consolidation as larger players acquire smaller regional labs to expand their geographic footprint and service capabilities. Innovation in molecular diagnostics, digital pathology, and AI-driven analytics is also intensifying competition, with newer entrants striving to differentiate through niche testing services and enhanced customer experience.
Veterinary Reference Laboratory Market Companies
Few of the prominent players operating in the veterinary reference laboratory industry include:
Antech Diagnostics, a subsidiary of Mars, is a prominent player in the veterinary reference laboratory market, operating over 70 laboratories across North America and processing approximately 50,000 samples daily. The company emphasizes a laboratory-first approach, offering advanced diagnostic services such as PCR-based fecal testing and predictive tools like RenalTech. In November 2023, Antech expanded its services to the UK, launching a comprehensive portfolio that includes in-house diagnostics, imaging, and technology solutions.
IDEXX Laboratories, Inc. is a leading global provider of veterinary diagnostic services, operating over 80 reference laboratories across North America, Europe, Asia-Pacific, and other regions. The company offers a comprehensive suite of diagnostic tests, including routine and specialized tests for conditions such as cancer, kidney disease, and infectious diseases. IDEXX integrates its laboratory services with in-clinic analyzers and VetConnect PLUS, a cloud-based platform that provides veterinarians with real-time access to diagnostic results and decision-support tools. Through continuous innovation and a commitment to quality, IDEXX maintains a strong position in the veterinary reference laboratory market.
Veterinary Reference Laboratory Industry News
The veterinary reference laboratory market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Technology
Market, By Application
Market, By Animal Type
The above information is provided for the following regions and countries: