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

IBISWorld’s Veterinary Laboratory Testing Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • Pet owners’ increasing willingness to pay for pet healthcare will bolster industry demand
  • Many larger players have acquired small, niche laboratories and pet hospitals
  • Many pets will have longer lifespans, thus stimulating demand for diagnostic testing

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Starting a New Business Chapter

    The Veterinary Laboratory Testing Services industry has high barriers to entry. In particular, potential industry entrants may grapple with having the capital outlay required to enter the market. Furthermore, larger laboratories often have a competitive cost advantage relative to smaller laboratories, which can be attributed to larger companies having cost efficiencies related to high output and automated chemistry testing. Additionally, many incumbent laboratories have developed relationships with veterinarians, which may pose as a barrier to entry for new entrants. Also, some companies may offer both animal hospital and laboratory operations, thereby intensifying competition for new industry entrants due to providing more services in-house.
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    Additional Insights for the Veterinary Laboratory Testing Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Veterinary Laboratory Testing Services Industry are

  • Ability to quickly adopt new technology
  • Proximity to key markets
  • Provision of appropriate facilities
  • IBISWorld analysts also discuss how external factors such as Number of pets (cats and dogs) and Demand from veterinary services in the Veterinary Laboratory Testing Services industry impact industry performance..

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    Industry Products

    What is the Veterinary Laboratory Testing Services Industry?

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

    Industry Products
    Dog blood tests
    Cat blood tests
    Radiography tests
    Fecal exams
    Sample swabs
    Industry Activities
    Veterinary parasitology test services
    Veterinary bloodwork test services
    Veterinary biopsy services
    Veterinary skin sample testing services
    Other veterinary laboratory testing services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of pets (cats and dogs)
  • Demand from veterinary services
  • Per capita disposable income
  • Per capita meat consumption
  • Demand from brand name pharmaceutical manufacturing
  • Threat of disease in livestock

  • Current Performance
  • Industry landscape
  • Livestock prompts growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging pets stimulate demand
  • Enterprises and employment
  • Table: Veterinary Laboratory Testing Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Veterinary Laboratory Testing Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Beef Cattle Production
  • Dairy Farms
  • Hog & Pig Farming
  • Sheep Farming
  • Horse & Other Equine Production
  • Consumers

  • Key Selling Industries
  • Inorganic Chemical Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling
  • Organic Chemical Manufacturing

  • Products & Services
  • Cat blood tests
  • Dog blood tests
  • Urinalysis
  • Radiography tests
  • Histopathology
  • Sample swabs
  • Other
  • Fecal exams
  • Chart: Veterinary Laboratory Testing Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Companion animal exclusive practices
  • Companion animal predominate practices
  • Mixed animal practices
  • Other
  • Equine
  • Food animal predominate practices
  • Food animal exclusive practices
  • Chart: Major Market Segmentation for the Veterinary Laboratory Testing Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Veterinary Laboratory Testing Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Veterinary Laboratory Testing Services Industry

  • Industry Globalization
    Major Companies
    IDEXX Laboratories Inc.VCA Inc.
  • Table: IDEXX Laboratories Inc. - financial performance
  • Table: VCA Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Veterinary Laboratory Testing Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Veterinary Laboratory Testing Services Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of pets including cats and dogs (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Diagnostic Test
  • A test that helps identify a particular disease.
  • Parasitology
  • The study of parasites, including tapeworm, hookworm and heartworm.
  • Urinalysis
  • Includes a variety of tests performed on urine.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Veterinary Laboratory Testing Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Veterinary Laboratory Testing Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Veterinary Laboratory Testing Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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