Clinical Reference Laboratories Market Size 2019 | Emerging Trends, Growth, Share, Global Companies Insights, Forecast To 2027

According to research report the veterinary reference laboratories market size is projected to reach USD 5.6 billion by 2025 from USD 3.4 billion in 2020, at a CAGR of 10.5%.Factors such as increasing demand for animal-derived food products and increasing incidence of transboundary and zoonotic diseases are driving the growth of this market amongst the livestock animals during the forecast period.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256972714The veterinary reference lab market is segmented based on the type of service, application, animal, and region.

Due to lockdown restrictions and social distancing protocols due to COVID-19 across various countries through the first half of 2020, the market saw a small dip in the number of veterinary clinic visits for routine testing.

However, with the launch of new test kits for COVID-19 testing in pets, the second half of the year is expected to see a rise in the total number of tests in reference laboratories, thus compensating for the loss in revenues across the first two quarters.The immunodiagnostics segment accounted for the largest share of the veterinary reference lab market, by type of service, in 2019.Based on the type of service, the market is segmented into clinical chemistry, immunodiagnostics, hematology, urinalysis, molecular diagnostics, and others.

The low cost, low procedural complexity, and greater adoption due to ease of training are some of the key advantages supporting the adoption of this service.Clinical pathology is the largest application segment of the veterinary reference laboratories marketBased on application, the veterinary reference laboratories market is segmented into clinical pathology, bacteriology, virology, parasitology, productivity testing, pregnancy testing, and toxicology.

The rising volume of pathology tests performed is the major factor driving the demand for diagnostic products and consumables for clinical pathology applications.The companion animal segment accounted for the larger market in 2019.Based on animal type, the veterinary reference lab market is segmented into livestock animals and companion animals.

Growth in this segment is attributed to the growing adoption of companion animals, increasing disposable incomes, growing willingness of companion animal owners to spend more on animal health, and rising incidence of zoonotic diseases.IDEXX Laboratories, Inc. (US), VCA Inc. (US), GD Animal Health (Netherlands), Zoetis Inc. (US), Neogen Corporation (US), Boehringer Ingelheim (Germany), Marshfield Labs (US), ProtaTek International (US), Texas A Veterinary Medical Diagnostic Laboratory (US), Veterinary Diagnostic Laboratory - University of Minnesota (US), and Veterinary Diagnostic Laboratory, Iowa State University (US).Recent Developments> In April 2020, IDEXX launched the SARS-CoV-2 (COVID-19) RealPCR Test for companion animals in the US.> In 6-9 months since October 2019, Zoetis acquired three laboratories that have enhanced the company’s portfolio of testing services with the introduction of microbiology, serology, hematology, chemistry, and many other miscellaneous tests.> In June 2018, Boehringer Ingelheim acquired Newport Laboratories.

The report creates a solid groundwork for all users who are considering entering the global market in terms of market strategies, 2020 revenue sizing outlook, obstacles and competitive landscape analysis.

This provides a deep and widespread vision of this market to all users who are looking forward to inflating their business profiles in any phase.The functional concept of the laboratory information system market is based on the clients and industries who want to not only understand the competitive developments market status that exists currently but also what future challenges hold for it in the forthcoming period, i.e., between 2020 and 2029.

This report is also driven by the many rising factors which result in fueling the market globally are included in this report.

The examination is inferred through essential and auxiliary measurement sources and it contains both subjective and quantitative enumerating.Company Profiles Insights And Key Figures: The laboratory information system market report highlights the key players and the latest strategies including company overview, company financials, revenue generated, market potential, investment in laboratory information system market research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, new product launches, partnerships, joint ventures, product width and breadth, application dominance, technology lifeline curve, segmentation in terms of region and industry competition, profit and loss ratio, and investment ideas.

Some of the prominent players operating in the laboratory information system market are Medasys, Agfa HealthCare, SCC Soft Computer, Siemens Healthineers, Sysmex Corporation, Epic Systems, AT Corporation, Merge Healthcare, Cerner Corporation, Sunquest Information Systems, CompuGroup Medical, Psyche Sys, Orchard Software and McKesson Corporation.

In addition, their product/business portfolio, market share, financial status, regional share, sector revenue, SWOT analysis, key strategies are also covered.To know more about how the report uncovers exhaustive insights | inquire/speak to an expert here: https://market.us/report/laboratory-information-system-market/#inquiryInterested in Detailed Actionable Insights?The report provides insightful analysis of the laboratory information system market through different segments:An insight into the product segment:The report is inclusive of insights pertaining to product scope, has been categorized into,On-premises LISCloud-Based LISA glimpse of application terrain:The research report segments the application spectrum and categorizes into,HospitalClinicsIndependent LaboratoriesA brief of the geographical spectrum:As per the study, the laboratory information system market has established its stance spanning the regions of North America, Europe, Asia Pacific, Middle East and Africa, Latin America.Direct Order Laboratory Information System Market Report Using Secure Link Here: https://market.us/purchase-report/?report_id=15537Some of the Comprehensive Report Insights1.