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Veterinary Laboratory Testing Services in the US - Industry Market Research Report

Veterinary Laboratory Testing Services

Over the five years to 2017, the Veterinary Laboratory Testing Services industry has benefited from the large number of US households with pets. 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. Further exacerbating this trend, as many veterinarians have specialized in internal medicine and dermatology, among other fields, this trend has facilitated the movement toward more veterinarians demanding diagnostic tools, thereby benefiting the industry. Over the five years to 2022, industry revenue is forecast to increase at a slower rate. The slowdown in demand from veterinary services will cause revenue growth to slow in comparison with the previous five-year period. Moreover, the Farm Bill, implemented in 2014, allocates funding each year to the Veterinary Services Grant Program, thus mitigating the veterinarian shortage in rural areas.

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.

  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2017)
    • Table Industry Structure
  • Industry Performance
    • Table Number of pets (cats and dogs)
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table Products and services segmentation (2017)
    • Table Major market segmentation (2017)
    • Table Business Locations 2017
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major players
    • Table IDEXX Laboratories Inc. (laboratory services segment) –financial performance
    • Table VCA Antech Inc. (laboratory segment) - financial performance
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs Growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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