[FURL=https://www.industryarc.com/Report/16917/veterinary-laboratory-testing-services-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Veterinary Laboratory Testing Services Market[/FURL] Veterinary Laboratory Testing Services Market size is projected to reach $17,700 million by 2026, growing at a CAGR of 5.9% over 2021-2026. The purpose of veterinary laboratory testing is to diagnosis infections and other different kinds of diseases among animals. Veterinary laboratory testing services are performed by using a real-time PCR testing machine and the nucleic acid extraction instrument.Key Takeaways
In 2020, North America dominated the Veterinary Laboratory Testing Services Market owing to rising development in the healthcare sector and growing adoption of advanced technologies for the treatment of various diseases. Moreover, the rising incidence of diseases in pet dogs and rising the adoption of veterinary laboratory testing to diagnose the disease properly which in turn is enhancing the market growth.
Increasing prevalence of infectious disease among animals, rising cases of foodborne diseases, and growing advancement in veterinary diagnostic tools are increasing the development in services of veterinary laboratories, improving the growth of the Veterinary Laboratory Testing Services Market.
The prominent manufacturers operating in the market will be provided a detailed analysis of Strengths, Weaknesses, and Opportunities in the Veterinary Laboratory Testing Services Market report.
Lack of awareness regarding the healthcare of animals is set to create hurdles for the Veterinary Laboratory Testing Services Market.
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Veterinary Laboratory Testing Services Market Segment Analysis – By Geography
North America dominated the Veterinary Laboratory Testing Services Market with a major share of 45% in 2020. This is owing to rising development in the healthcare sector, growing adoption of advanced technologies for the treatment of various diseases. Moreover, the rising incidence of diseases in pet dogs is rising the adoption of veterinary laboratory testing to diagnose the disease properly which in turn is enhancing the market growth.
Veterinary Laboratory Testing Services Market Drivers
Increasing prevalence of the infectious disease among animals is rising the cases of foodborne disease and thus growing the adoption of veterinary laboratory testing services
Growing advancement in veterinary diagnostic tools increases the development in the services of veterinary laboratories
Veterinary Laboratory Testing Services Market Landscape
Veterinary Laboratory Testing Services top 10 companies are Biomerieux SA, IDEXX, Thermo Fisher Scientific, Zoetis, Inc, Medical Laboratories, GD Animal Health, Randox Laboratories Ltd., Heska Corporation, Pfizer Animal Health, Neogen Corporation.
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