The global veterinary reference laboratory market size was valued at USD 4.33 billion in 2023 and is expected to reach USD 8.80 billion by 2030, growing at a CAGR of 10.9% from 2024 to 2030. This robust growth is primarily attributed to several converging factors, including rising pet ownership, increasing penetration of pet insurance, higher spending on animal healthcare, continuous advancements in veterinary medicine, and the growing demand for specialized diagnostic procedures such as polymerase chain reaction (PCR) testing. As companion animals are increasingly regarded as integral members of households, pet owners are more willing to invest in advanced diagnostic and preventive healthcare services. Additionally, the expansion of pet insurance coverage has improved access to sophisticated diagnostic testing by reducing out-of-pocket costs, further supporting market growth.

The rising trend in companion animal adoption, particularly dogs and cats, has significantly contributed to the expansion of the veterinary reference laboratory market. Growing awareness among pet owners regarding early disease detection and routine health monitoring has increased reliance on diagnostic services provided by reference laboratories. These laboratories offer specialized testing capabilities that may not be readily available at in-house veterinary clinics. Moreover, the increasing emphasis on preventive veterinary care has led to higher overall spending on animal health, thereby driving demand for comprehensive diagnostic panels, routine screenings, and advanced laboratory services.

Advancements in veterinary medicine have further reinforced the importance of accurate and reliable diagnostic testing. As treatment protocols become more targeted and sophisticated, veterinarians increasingly depend on precise laboratory results to formulate effective treatment plans. Veterinary reference laboratories play a critical role in supporting this need by providing high-quality, standardized testing services across a broad range of applications. The expansion of testing menus and improved analytical accuracy have positioned reference laboratories as essential partners in modern veterinary practice.

The growing demand for PCR testing, rapid diagnostics, and other complex laboratory procedures continues to propel market growth. Early and accurate detection of infectious, metabolic, and genetic conditions in animals is crucial for timely intervention and improved health outcomes. Veterinary reference laboratories are well-equipped with advanced technologies, skilled personnel, and quality control systems to meet these diagnostic requirements. As a result, the market is expected to maintain its upward trajectory, supported by increasing pet owner awareness, technological innovation, and the ongoing development of advanced diagnostic platforms.

Key Market Trends & Insights:

  • North America dominated the global veterinary reference laboratory market in 2023, accounting for a revenue share of 44.4%. This leadership is driven by high pet ownership rates, well-established veterinary infrastructure, strong adoption of advanced diagnostic technologies, and greater awareness of animal health. Within the region, the U.S. accounted for 85.6% of North America’s veterinary reference laboratory market revenue in 2023, reflecting the country’s mature veterinary services ecosystem and significant investments in animal healthcare.
  • The Asia Pacific veterinary reference laboratory market is expected to register the fastest CAGR of 13.0% over the forecast period. Rising pet ownership across countries in the region, combined with increasing disposable incomes and improving awareness of veterinary healthcare, has created strong demand for diagnostic services. This trend has increased the need for specialized laboratory testing, which is driving the expansion of veterinary reference laboratories throughout Asia Pacific.
  • By animal type, the companion animals segment dominated the market with a revenue share of 64.3% in 2023. This dominance is supported by higher healthcare spending on pets, frequent diagnostic testing, and the growing adoption of preventive care practices. In contrast, the production animals segment is expected to grow at the fastest CAGR of 11.1% during the forecast period, driven by the need for disease surveillance, herd health management, and food safety compliance.
  • By application, the clinical pathology segment led the market in 2023, accounting for a revenue share of 30.5%. Clinical pathology tests are widely used for routine health assessments and disease diagnosis, making them a core service area for reference laboratories. Meanwhile, the parasitology application segment is projected to grow at the fastest CAGR of 11.7% over the forecast period, supported by rising incidences of parasitic infections and increased focus on preventive screening.
  • By technology, the clinical chemistry segment held the largest market share of 36.7% in 2023, owing to its widespread use in evaluating organ function and metabolic health. The immunodiagnostic technology segment is expected to register the fastest CAGR of 11.0% during the forecast period, driven by its high sensitivity, specificity, and expanding use in infectious disease detection and immune-related disorders.

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Market Size & Forecast:

  • 2023 Market Size: USD 4.33 Billion
  • 2030 Projected Market Size: USD 8.80 Billion
  • CAGR (2024-2030): 10.9%
  • North America: Largest market in 2023
  • Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

The veterinary reference laboratory market comprises several prominent players, including IDEXX, Mars, Incorporated, GD, Greencross Vets, Gribbles Veterinary Pathology, Zoetis, and Neogen Corporation, among others. Leading companies are actively implementing strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to strengthen their market presence, expand service offerings, and gain a competitive edge.

  • IDEXX provides a comprehensive portfolio of diagnostic products and services for companion animals, livestock, poultry, and dairy, including laboratory analyzers, diagnostic imaging systems, practice management software, water quality testing, and livestock disease diagnostics. The company’s broad offering and global presence position it as a key leader in the market.
  • Mars, Incorporated, through its veterinary division, offers a wide range of laboratory testing services that support the diagnosis and treatment of various animal diseases. The company focuses on improving animal health and well-being by integrating diagnostic services with veterinary care delivery, thereby reinforcing its strong position within the veterinary reference laboratory ecosystem.

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Conclusion:

The global veterinary reference laboratory market is experiencing strong growth, driven by rising pet ownership, increased pet insurance coverage, and higher spending on animal healthcare. Advancements in veterinary medicine and the growing emphasis on preventive care are increasing demand for specialized and accurate diagnostic services. North America currently leads the market due to its mature veterinary infrastructure, while Asia Pacific is expected to grow at the fastest pace over the forecast period. Companion animals account for the largest share of diagnostic testing, although production animals are emerging as a high-growth segment. Overall, continued innovation in diagnostic technologies and expanding awareness of animal health are expected to support sustained market expansion through 2030.