Top dog: Increasing pet ownership has encouraged 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.


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...

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What is the Veterinary Laboratory Testing Services industry?

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 these new 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 2016-17...

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Products & Brands

Major products in this industry
Blood and serum analysis
Parasite test services
Virology, bacteriology and mycology
Examples of brands in this Industry

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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