Veterinary Reference Laboratory Market 2030: The Rise of PCR Testing
The global veterinary reference laboratory market was valued at USD 4.33 billion in 2023 and is projected to reach USD 8.80 billion by 2030, growing at a CAGR of 10.9% from 2024 to 2030. This strong growth trajectory is driven by rising pet ownership, increased adoption of pet insurance, higher spending on animal health, advancements in veterinary medicine, and growing demand for specialized diagnostic procedures such as PCR testing. The increasing trend in the adoption of companion animals—particularly dogs and cats—has significantly contributed to the development of the veterinary reference laboratory market. Pet owners are becoming more proactive about animal health, leading to increased demand for diagnostic services. This shift toward preventive animal healthcare has resulted in higher spending on routine and advanced testing, fueling growth in veterinary laboratory services. The advancement in veterinary treatments also supports the need for precise diagnostics, allo...