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Veterinary Laboratory Testing Services - Industry Market Research Report

  • March 2016
  • -
  • Ibisworld
  • -
  • 34 pages

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The cat's meow: More household pets and demand for complex tests will strengthen growth



Abstract

Veterinary Laboratory Testing Services

Over the past five years, the Veterinary Laboratory Testing Services industry has benefited from rising pet ownership rates. Therefore, many pet owners require testing to diagnose and treat pet ailments, such as internal parasites. As the number of pet owners has grown during the period, more pet owners have visited veterinarians, increasing demand for laboratory testing services from veterinarians that do not provide in-house testing. In particular, many veterinarians have demanded testing to examine and treat skin allergies, ear infections and noncancerous skin masses, among other popular pet ailments. Thanks to pets living longer, which can be partly attributed to innovative medications, many pet owners have required services related to the early detection of illnesses such as cancer. During the five years to 2021, the slowdown in the number of companion animals (i.e. cats and dogs) will cause revenue growth to slow in comparison with the previous five-year period.


The Veterinary Laboratory Testing Services industry provides laboratory and diagnostic testing services for licensed veterinary practitioners.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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