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