Fact.MR – A Market Research and Competitive Intelligence Provider: Between 2021 and 2031, the global poultry diagnostics market is expected to develop at a 9 percent CAGR, reaching a worth of roughly US$ 660 million.
ELISA Holds a Major Chunk of 52% of the Global Poultry Diagnostics Market
The poultry diagnostics market survey offers insights into chief growth drivers and restraints impacting the overall expansion of the market. The report also divulges insights into poultry diagnostics demand outlook in terms of test, disease and service. It studies key strategies adopted by vendors to increase sales.
Fact.MR – A Market Research and Competitive Intelligence Provider: Between 2021 and 2031, the global poultry diagnostics market is expected to develop at a 9 percent CAGR, reaching a worth of roughly US$ 660 million. The market has grown at an annual rate of 8.3 percent over the last five years, surpassing a valuation of US$ 358 million in 2020.
Poultry disease outbreaks are a major driving force behind the demand for better poultry diagnostics. As a result of the increased prevalence of numerous diseases, the global poultry sector is suffering. For the poultry diagnostics industry to flourish, ongoing efforts to increase farmer understanding about these disorders, which are caused by a variety of bacteria, viruses, fungi, environmental stress, protozoon infections, and nutritional deficiencies, have proven critical.
Foodborne and zoonotic diseases are often associated with poultry. Eradication of foodborne and zoonotic pathogens is presenting a major challenge to the poultry industry.
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The term “zoonotic” refers to a disease that can be transmitted from one species to another. Poultry diseases have serious health consequences for users of poultry products. Salmonella is one of the most prevalent diseases in hens. Also, Marek’s disease and avian reticulon endotheliosis are among common ailments affecting health in birds. These infectious can cause cancer-like illnesses, which is most commonly reported in chickens.
The rising incidence of such infections is posing a severe threat to the poultry industry, and demand for poultry diagnostics is rising as a result. The focus on reducing the risk of the aforementioned diseases and ensuring a nutritious food source for customers will thus remain key development drivers.
“Market participants are focusing on innovative diagnostics solutions to curb the rising prevalence of zoonotic diseases. Their efforts are often accompanied by strict food safety regulations and increasing government initiatives aimed at ensuring food security. Driven by these factors, the demand for poultry diagnostics will increase at an accelerated pace,” said a Fact.MR analyst.
Key takeaways from Poultry Diagnostics Market Research Report
- North America dominates the worldwide poultry diagnostics market with a market share of more than 35%.
- Demand for poultry diagnostics in Asia Pacific is estimated to expand at an excellent CAGR of 11% over the forecast period.
- Europe is a prominent exporter of chicken goods and a top poultry producer in the globe. As a result, it creates a favorable atmosphere for the poultry diagnostics market to grow. The United Kingdom will continue to be a wealthy enclave within Europe.
- China poultry diagnostic market is expected to reach US$ 139 million by 2031.
- The market in the United States is anticipated to be worth US$ 97 million in 2020.
- Enzyme-linked adsorption assay (ELISA) accounts for 52% of total market share by test and is expected to expand at a CAGR of 10% over the projection period.
- Avian influenza accounts for almost 27% of overall market share by disease.
Growth Drivers:
- Growing market growth is aided by increased government efforts to improve animal welfare and raise knowledge about poultry diseases.
- Market growth is expected to be fueled by the expansion of the meat industry, as well as strong demand and utilization of eggs in a variety of industries, such as food and personal care.
- Advances in toxicology, serology, pathology, and microbiology will have an impact on the long-term need for poultry diagnostics due to the wide range of disorders that could harm the stock.
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Competitive Landscape
Key players are adopting key strategies such as collaborations, mergers, and acquisitions to develop products and increase market revenue. For instance,
- In July 2018, in order to enhance its position in the field of veterinary diagnostics, Zoetis finalized the purchase of Abaxis, a global manufacturer of on-site veterinary testing equipment.
- In March 2018, for avian samples, BioChek has released a salmonella enteritidis-typhoid-heidelberg DNA test kit and an infectious bronchitis virus RNA test kit.
- In February 2018, Biochek launched avian influenza H5-H7-H9 multiplex, a PCR test kit to diagnose avian influenza.
Key players operating in the poultry diagnostics market include
- IDEXX Laboratories
- QIAGEN N.V.
- Thermo Fisher Scientific
- Zoetis
- GD Animal Health
- IDvet
- AffiniTech LTD
- AgroBioTek Internacional
- BioNote
- BioChek
- Boehringer Ingelheim
- MEGACOR Diagnostik GmbH
- BioInGenTech Biotechnologies.
More Insights on Poultry Diagnostics Market:
Fact.MR provides an unbiased analysis of poultry diagnostics market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the poultry diagnostics with a detailed segmentation on the basis of:
Test
- ELISA Test (Enzyme-linked Immunoassays)
- PCR Test (Polymerase Chain Reaction)
Disease
- Avian Salmonellosis
- Avian Influenza
- Newcastle Disease
- Avian Mycoplasmosis
- Avian Pasteurellosis
- Infectious Bronchitis
- Infectious Bursal Disease
- Avian Encephalomyelitis
- Avian Reovirus
- Chicken Anaemia
Service
- Bacteriology
- Virology
- Parasitology
Key Questions Covered in the Poultry Diagnostics Market Report
- The report offers insight into the poultry diagnostics demand outlook for 2021-2031
- The market study also highlights projected sales growth for poultry diagnostics market between 2021 and 2031
- Poultry diagnostics sales survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Poultry diagnostics market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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