The global poultry diagnostic testing industry is poised for substantial growth, according to a recent market study that predicts a noteworthy increase from its 2022 valuation of US$ 956.3 million to an estimated US$ 1.2 billion by 2032. The study indicates a consistent Compound Annual Growth Rate (CAGR) of 2.4% from 2022 to 2032.
This positive trajectory reflects the escalating demand for poultry diagnostic testing solutions, highlighting the industry’s crucial role in ensuring food safety, disease prevention, and quality control within the poultry sector. The anticipated growth aligns with the heightened emphasis on maintaining animal health and productivity while adhering to stringent regulatory standards.
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The pivotal role of the poultry diagnostic testing industry is underscored by its contribution to the overall safety and sustainability of the global food supply chain. As consumers increasingly prioritize the quality and safety of poultry products, the industry’s growth is expected to be fueled by a heightened focus on preventive measures and compliance with international standards.
Key highlights from the market study include:
- Steady Growth Projection: The forecasted CAGR of 2.4% from 2022 to 2032 signifies a consistent and sustainable growth trajectory for the global poultry diagnostic testing industry.
- Market Valuation: The industry’s valuation is projected to increase from US$ 956.3 million in 2022 to an estimated US$ 1.2 billion by 2032, underlining the expanding market opportunities.
- Industry’s Vital Role: The industry’s role in ensuring food safety, disease prevention, and quality control positions it as an integral component of the poultry sector’s sustainability and regulatory compliance.
- Global Emphasis on Animal Health: The growth aligns with the global emphasis on maintaining animal health and productivity, reflecting the industry’s response to evolving consumer expectations and regulatory requirements.
As industry leaders, stakeholders, and policymakers take note of these projections, there is an increased awareness of the importance of investing in cutting-edge poultry diagnostic testing solutions. The industry’s growth is not only an economic opportunity but also a testament to its critical role in safeguarding public health and sustaining the poultry sector.
Key factors driving the growth of the poultry diagnostic testing market include:
- Increasing poultry production: The demand for poultry products, such as chicken and eggs, has been rising globally due to population growth, urbanization, and changing dietary preferences. This has led to an increase in poultry production, which in turn fuels the need for effective diagnostic testing to maintain flock health.
- Disease outbreaks: Poultry farms are susceptible to outbreaks of various diseases, including avian influenza, Newcastle disease, infectious bronchitis, and others. These diseases can cause significant economic losses and impact public health. Diagnostic testing plays a crucial role in the rapid identification and containment of such outbreaks.
- Stringent regulations: Governments and regulatory bodies have implemented strict regulations and standards regarding poultry health and food safety. Poultry diagnostic testing helps farmers comply with these regulations and ensures the production of safe and disease-free poultry products.
- Technological advancements: Advances in diagnostic technologies have led to the development of more accurate, rapid, and cost-effective testing methods. These advancements have improved the efficiency and reliability of poultry diagnostic testing, further driving market growth.
- Increased awareness: There is a growing awareness among poultry farmers about the importance of early disease detection and prevention. They are increasingly adopting diagnostic testing as a proactive measure to monitor and manage the health of their poultry flocks.
The poultry diagnostic testing market includes several key players, including diagnostic test kit manufacturers, diagnostic laboratories, and veterinary service providers. These companies offer a wide range of diagnostic tests and services tailored to the specific needs of the poultry industry.
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What are the Key Poultry Diagnostic Testing Market Dynamics?
The development of avian diseases such bird flu outbreaks and zoonotic diseases is anticipated to fuel the market for poultry diagnostic tests. During the projection period, the adoption of poultry diagnostic testing is expected to increase due to the growing uptake of immunisations, demonstrative observation of livestock birds for the proximity of diseased pathogens, and other factors.
The need for poultry diagnostic testing is projected to be driven by improvements in testing methods along with targeted sample collection, diagnosis, clinical interpretation, and improved laboratory quality control between 2022 and 2032. Additionally, it is projected that growing end-user concerns about food safety will become the main driver of the demand for poultry diagnostic testing in nations that export food.
Key Players:
- IDEXX Laboratories, Inc.
- QIAGEN N.V.
- Thermo Fisher Scientific Inc.
- Zoetis, Inc.
- GD Animal Health
- IDvet
- AffiniTech, LTD.
- AgroBioTek Internacional
- BioNote, Inc.
- BioChek
- Boehringer Ingelheim
- MEGACOR Diagnostik GmbH
- BioinGentech Biotechnologies, Inc.
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Key Segmentation:
By Test Type
- ELISA Test
- PCR Test
- Other Diagnostic Tests
- Complement Fixation test
- Immuno-flourescent antibody test (IFAT)
- Indirect hemagglutination test (IHA)
- Direct Agglutinition Test
By Disease Type
- Avian Salmonellosis
- Visceral leishmaniasis or Kala-azar
- Avian Influenza
- Newcastle Disease
- Avian Mycoplasmosis
- Avian Pasteurellosis
- Infectious Bronchitis
- Infectious Bursal Disease
- Avian Encephalomyelitis
- Avian Reovirus
- Chicken Anemia
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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