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Veterinary Reference Laboratory Market

The veterinary reference laboratory services market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 15.2% in the forecast period of 2021 to 2028. The growing number of pet adoption will help in escalating the growth of the veterinary reference laboratory market.

The veterinary reference laboratory is concentrated on producing high value animal health diagnostic testing and global services. These laboratories are able to accomplish advantageous quality conditions more regularly than in-clinic reference laboratory. The testing services offered by the reference laboratory cover the fields of hematology, clinical chemistry, urinalysis, endocrinology, microbiology, parasitology, serology, cytopathology, and histopathology.

The veterinary reference laboratory market is expected to grow because of the main reasons for example increasing of pet adoption, growing of animal healthcare expenses, the rising need for animal-derived food goods, and the growing requirement for pet insurance. Still, the growing numbers of veterinary physicians and their rising revenue levels in advanced countries and the growing alertness about zoonotic infections are anticipated to propel the growth in the veterinary reference laboratory market during the forecast period. However, the growing of the pet care costs and the increasing need for fast tests, POC testing, and portable instruments are most likely to hinder the growth of the veterinary reference laboratory market in the forecast period. Untouched emerging markets, public-private partnerships in veterinary health and the increased use of PCR testing panels to reject covid-19 virus in animals extend further advantageous opportunities in the growth of the veterinary reference laboratory market in the forecast period.

 

For more:

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