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North America Veterinary Research Laboratory (VRL) Market Forecast 2021-2028

KEY FINDINGS
The North America veterinary research laboratory (VRL) market is predicted to project a CAGR of 10.00%, during the forecast period of 2021 to 2028. Factors such as, the growing initiatives for promoting animal healthcare, the rising incidence of livestock and zoonotic diseases, and the presence of well-established pharmaceutical companies, are accredited to the region's market growth.

MARKET INSIGHTS
The North America veterinary research laboratory (VRL) market growth is evaluated by assessing Canada and the United States. Canada is anticipated to observe extensive development, in terms of the region's veterinary research laboratory market, over the upcoming years. The lucrative growth is predominantly attributed to the increased consumption of animal-derived food products, across the country. Additionally, industry players and veterinarians are adopting numerous strategies, such as, developing animal wellness programs for the purpose of diagnosis, as well as consultation, at economical rates.
On the other hand, the Canadian Food Inspection Agency and Health Canada are taking up necessary measures, for promoting the adoption and implementation of veterinary diagnostics, across the Canadian market. Similarly, in partnership with animal pharmaceutical enterprises, the Canadian Animal Health Institute (CAHI) is establishing efforts to develop innovative and highly efficient products.
Conversely, in the United States, the increased consumption of animal-based food products, in addition to technological upgrades and innovations linked with veterinary research equipment, has presented the country's market with lucrative growth opportunities. As a result, these factors are anticipated to fuel the veterinary research laboratory (VRL) market growth in North America, during the forecast period.

COMPETITIVE INSIGHTS
Leading companies operating in the market include, VCA Inc, IDEXX Laboratories Inc, Neogen Corporation, etc.

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North America Veterinary Research Laboratory (VRL) Market Forecast 2021-2028
Published By :Inkwood Research
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