Market Overview –
Over the forecast period, the global veterinary reference laboratory market is expected to grow at a high CAGR. The increasing number of pets and the rise in zoonotic diseases around the world are fueling the market’s expansion. The growing popularity of the companion in both developed and developing economies benefits the market. According to the US National Shelter, the adoption rate for cats and dogs has increased significantly in the last few years. There were an estimated 184 million dogs and cats in the United States in 2018, up from 144 million in 2012. In addition, the changing environment associated with pathogens is driving the market forward, resulting in an increase in zoonotic diseases.
The veterinary reference laboratory is dedicated to the creation of high-quality diagnostic tests for animal health and the provision of these services to the entire world. These labs are more likely than in-clinic reference labs to consistently achieve good quality conditions. Among the fields in which the reference laboratory provides testing services are pathophysiology, clinical chemistry, cytopathology, urinalysis and endocrinology. Pet adoption is expected to grow, as are animal healthcare costs, the demand for food derived from animals, and the growing need to insure pets, all of which will contribute to growth in the global veterinary reference laboratory market. But the growing number of veterinarians and their rising income levels in developed countries along with an increased awareness of zoonotic diseases are expected to drive the global veterinary reference laboratory market forward in the coming years..
Covid-19 Impact –
SARS-CoV-2 can’t be easily spread from animals to humans because there’s no convincing evidence that domestic animals like cats, dogs, and ferrets can do it. COVID-19 pandemic continues to be fueled by human-to-human transmission, and the number of animals infected with the virus is far less than the number of people who are infected, suggesting that animals, including pets, do not play a role in the pandemic. The number of people and animals being tested for COVID-19 is on the rise due to an increase in the disease’s global prevalence. Players and reference labs have responded by creating new and better animal tests. The IDEXX SARS-CoV-2 (COVID-19) RealPCR Test for pets will be available from IDEXX Laboratories starting in April 2020. SARS-CoV-2-specific RNA real-time PCR tests for cats and dogs will be launched by Zoetis in April 2020.
All of the above-mentioned organisations do not recommend routine testing of animals for COVID-19, including the American Veterinary Medical Association, the Centers for Disease Control and Prevention, USDA, and the American Association of Veterinary Laboratory Diagnosticians (AAVLD). Authorities in both public and animal health may decide to test specific animals in the future, as the situation changes constantly. The attending veterinarian and public health and animal health officials from the local, state, and/or federal levels should work together to decide whether or not to perform the test.
During the height of the pandemic, many countries restricted veterinary care for companion animals to only the most urgent or emergency procedures. As a result of the restrictions being lifted, there has been an overflow of work that has caused additional delays in the delivery of these services, which has in turn caused delays in routine care (such as vaccination and parasite prevention).
Market Dynamics –
Because of the increasing prevalence of zoonotic diseases around the world, the global veterinary reference laboratory market is expected to see an increase in demand for diagnostic and monitoring services for animal health. Public health issues are exacerbated by zoonotic diseases. Viral, bacterial, and parasitic diseases are all examples of zoonotic diseases. Mosquitoes, fleas, ticks, and even animal contact can spread zoonotic infections. Lyme disease and rabies are both transmitted by animals. A growing number of veterinary reference laboratories are expected to be established over the next few years, all for the benefit of animals. Veterinary diagnostics are expected to see an increase in use as consumers become more aware of the importance of investing in animal health in order to prevent disease outbreaks.
Over the next ten years, the global veterinary reference laboratory market is expected to benefit from this growth as well. In addition, the demand for laboratory testing services has increased as a result of strict government regulations on animal health in the agricultural sector. The growing use of veterinary software in laboratories is another factor expected to drive the market’s growth. However, farmers may be unable to afford the testing costs. Over the next few years, the global veterinary reference laboratory market is expected to grow as a result of technological advancements and new product launches.
Scope of the Report –
Veterinary infectious disease diagnostic advancement is revolutionising the market and assisting end users to quickly diagnose even novel infectious animal diseases, according to Future Market Insights’ most recent analysis.
The purpose of the report is to educate customers about market drivers, restraints, emerging opportunities, and the most recent trends in the industry. The report provides a comprehensive analysis of the overall market dynamics thanks to its compelling insights.
Research Methodology –
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Key Players –
GD Animal Health
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By Regions –
Middle East and Africa