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Germany Veterinary Research Laboratory (VRL) Market Forecast 2021-2025

KEY FINDINGS
The Germany veterinary research laboratory (VRL) market is expected to grow with a CAGR of 10.62%, during the forecast period. The country's market growth is accredited to factors, such as, the increasing government initiatives for enhancing healthcare facilities, the influx of new animal products, and the growing number of research and development activities. The base year considered for the market study is 2020, and the forecast years are from 2021 to 2025.

MARKET INSIGHTS
Germany is likely to progress at a steady pace, primarily credited to the rising number of research and development activities as well as the inflow of new animal products. Moreover, the country's market is set to witness lucrative growth opportunities, owing to the increase in government initiatives for improving healthcare facilities. Likewise, major market players are presently establishing their research laboratories, in order to detect the state of multiple diseases, while gaining additional growth prospects.
On the other hand, in 2010, the European Union Directive, intended to prevent and reduce food-borne diseases, is expected to boost the adoption of animal health products. Similarly, organizations like the European Union Reference Laboratory (EURL), structured by the European Commission, encourage analytical practices for animals. They also provide details to national research laboratories, in terms of reference and analytical methods. Additionally, these organizations orchestrate comparative testing, coordinate applications, the practical arrangements needed for novel testing methods, and staff training for the analysis of feed and food. Hence, these factors are projected to fuel the market growth during the forecast period.

COMPETITIVE INSIGHTS
Prominent companies operating in the market include, Biomerieux SA, Indical Bioscience GmbH, Boehringer Ingelheim Animal Health GmbH, Nutreco NV, Virbac SA, Royal GD Animal Health, etc.

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Germany Veterinary Research Laboratory (VRL) Market Forecast 2021-2025
Published By :Inkwood Research
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