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

Veterinary Laboratory Testing Services

Over the five years to 2018, 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 2023, 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. However, favorable regulations, particularly the Farm Bill's allocation of $10 million each year to the Veterinary Services Grant Program (VSGP), will help mitigate the shortage of veterinarians in rural areas, spurring demand for industry services in under-served locations.

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.


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 & MARKETS
Supply Chain
Products & 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 & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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