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Veterinary Laboratory Testing Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Veterinary Laboratory Testing Services Market Research Report | Life Sciences | Animal Health | May 2014

Positive result: Increasing pet ownership leads to healthy revenue growth

IBISWorld’s Veterinary Laboratory Testing Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
CSIRO CSIRO market share
IDEXX Laboratories IDEXX Laboratories market share
Industry Statistics & Market Size
Revenue
$154m
Annual Growth 09-14
-0.7%
Annual Growth 14-19
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Profit
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Employment
408
Businesses
17
Industry Analysis & Industry Trends

The Veterinary Laboratory Testing Services industry plays an integral role in Australia's animal health system. Veterinary laboratory testing services entail the testing and diagnosis of animal-related diseases within laboratories. Such services include blood and serum analysis, toxicology, parasite test services, virology, bacteriology and mycology. This service is seen as an essential service 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, from racehorses to domesticated cats and dogs, as well as other production animals including poultry and pigs... purchase to read more

Industry Report - Industry Investment Chapter

Despite having wages as the highest proportion of costs, the industry has a high capital intensity. The need for utilising the most advanced testing methods means that capital purchases have risen over the past five years. Many veterinary laboratories house sophisticated high-cost diagnostic equipment with specific equipment required for each test performed. In addition, new equipment is regularly purchased to improve a laboratory's competitive edge.

At the same time, the industry needs to pay their staff adequately as the industry's services are highly specialised, with some participants relying on the skills of specialist veterinary pathologists... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Veterinary Laboratory Testing Services Industry?

The Veterinary Laboratory Testing Services industry provides laboratory testing and diagnostic services for licensed veterinary practitioners.

Industry Products
Blood and serum analysis Parasite test servicesToxicology Virology, bacteriology and mycology
 
Industry Activities
Blood and serum analysisToxicology Parasite test servicesVirology, bacteriology and mycology Blood and serum analysisToxicology Parasite test servicesVirology, bacteriology and mycology


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