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 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, from racehorses to 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 SWOT Analysis Chapter
The Veterinary Laboratory Testing Services industry is in the mature stage of its economic life cycle, characterised by a relatively static number of industry players and stable, clearly segmented product groups. The industry is also subject to wholehearted market acceptance. Over the past five years, the industry has faced a decline in government support as state governments continued to centralise their animal health activities. On the plus side, the subsequent entry of private players has meant higher profit margins as such companies pursued profit maximisation through more efficient practices. The industry has also benefited from increased demand for private players as pet spending has increased over the five years through 2015-16... purchase to read more