Industry Analysis & Industry Trends
The Veterinary Laboratory Testing Services industry plays an integral role in Australia's animal health system. Veterinary laboratory testing services involve testing and diagnosing animal-related diseases in laboratories. Such services include blood and serum analysis, toxicology, parasite test services, virology, bacteriology and mycology. This service is seen as essential in Australia, given the country's significant reliance on and investment in its livestock industries. Veterinary laboratories also play a role in the care of performance and companion animals, including racehorses, domesticated cats and dogs, and other production animals including poultry and pigs.
The Veterinary Laboratory Testing Services industry has changed dramatically over the past two decades... purchase to read more
Industry Report - Industry Analysis Chapter
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