What is the Veterinary Laboratory Testing Services industry?
Potential new entrants face significant barriers to entry in the Veterinary Laboratory Testing Services industry. The industry is highly regulated and many existing players receive government funding, which makes it hard for new players to compete on price. Before a new entrant could begin to compete with government-funded laboratories, they would need access to capital to set up a laboratory with appropriate equipment. They would then need to attract skilled staff to operate the laboratory, but the industry has a staff shortage. In addition, a new entrant would have to comply with international standards and gain accreditation through the National Association of Testing Authorities... purchase to read more