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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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Table Of Contents

Veterinary Laboratory Testing Services - Industry Market Research Report

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS and MARKETS
Supply Chain
Products and Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology and Systems
Revenue Volatility
Regulation and Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON and GLOSSARY



MAJOR COMPANIES

VCA Antech Inc.

IDEXX Laboratories Inc.

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