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veterinary laboratory testing market Overview: Type and Applications, Trends, Industry Analysis & Forecast, 2018-2027

Market HighlightsThe global veterinary laboratory testing market is expected to grow at a CAGR of 10.1% during the forecast period.Increasing expenditure on pet insurance, growth in the number of veterinary practitioners, advancements in healthcare facilities, and favorable funding policies are expected to drive the market growth over the forecast period.However, high cost of veterinary testing and complications associated with the tests can restrain the market growth over the assessment period.Regional AnalysisGeographically, the Americas is anticipated to dominate the global veterinary laboratory testing market owing to the increasing cases of animal disease and technological advancements in veterinary diagnostics.For instance, in 2016, IDEXX Laboratories, Inc. launched the Rapid Visual Pregnancy Test for cattle.With the new test, veterinarians can more quickly identify open cows using whole blood samples collected before the farm visit.The Veterinary Laboratory Testing Market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific.The Middle East & Africa contributes least in the global market for veterinary laboratory testing.Browse Complete Report @ https://www.marketresearchfuture.com/reports/veterinary-laboratory-testing-market-7326SegmentationThe global veterinary laboratory testing market has been segmented into animal type, technology, product, and end user.The market, on the basis of animal type, has been segmented into companion animal and livestock animal.The livestock animal segment is further classified as cattle, pigs, poultry and others.The market, by technology, has been segmented into clinical biochemistry, immunodiagnostics, hematology, molecular diagnostics, urinalysis, and others.The clinical biochemistry segment is further classified as clinical chemistry analysis, glucose monitoring, and blood gas & electrolyte analysis.
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