What is the Veterinary Laboratory Testing Services industry?
Veterinary laboratory testing services are considered essential in Australia’s animal health sector. They also provide diagnostic and research services for endemic and exotic animal diseases, including zoonotic diseases (viruses that can be passed from animals to humans). Australia’s strong interest in a healthy livestock sector and biosecurity, combined with growing concern from pet owners for pet health, has ensured the industry has remained viable over the past five years. Industry revenue is expected to grow by an annualised 2.8% over the five years through 2016-17 to reach $172.0 million. This includes expected growth of 1.6% over 2016-17.
This modest growth has occurred in a changing framework... purchase to read more