Veterinary Laboratory Testing Services in Australia - Industry Market Research Report

New Blood: Private Firms Have Been Increasing Their Market Shares, Driving Growth in Profit

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. These services include blood and serum analysis, toxicology, parasite test services, virology, bacteriology and mycology. These services are essential in Australia, given the economic importance of its livestock industries. Veterinary laboratories also play a role in caring for performance and companion animals, including racehorses, domesticated cats and dogs, and other production animals such as poultry and pigs. The industry also provides surveillance and research services for endemic and exotic animal diseases, including zoonoses and transboundary animal diseases. The industry includes various players, such as CSIRO (Australia's national science agency), AgriBio (a public-private partnership) and the local operations of US-based IDEXX Laboratories. It also includes private pathology providers Healius and Australian Clinical Labs, both ASX-listed healthcare companies. State government-funded laboratories and veterinary university-run laboratories also operate in the industry. Industry companies provide laboratory testing and diagnostic services for licensed veterinary practitioners. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.