Veterinary Laboratories: More household pets and demand for complex tests will strengthen growth

Market Research Report Now Available from IBISWorldIn the five years to 2016, revenue from the Veterinary Laboratories industry is forecast to increase at an average annualized rate of 3.8% to $5.5 billion, according to IBISWorld, the nation’s largest publisher of industry research. Through 2016, demand for services for companion animals will primarily drive the growth in demand for veterinary lab testing. As the US pet population expands, this factor will ultimately boost industry demand. IBISWorld estimates that pet ownership will increase at an average annualized rate of 3.6% in the five