The global poultry diagnostics market is on the cusp of a substantial growth trajectory, with recent market analysis forecasting a robust Compound Annual Growth Rate (CAGR) of 10.5% over the next decade. Currently valued at USD 590 million in 2023, the market is projected to soar to an impressive USD 1.6 billion by 2033.
This significant growth is driven by several critical factors anticipated to shape the market dynamics in the foreseeable future. The increasing prevalence of poultry diseases and the rising incidences of zoonotic infections are set to be major contributors. These health challenges necessitate advanced diagnostic solutions, driving the demand for innovative poultry diagnostics.
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Moreover, the advent of animal health information portals, especially in developed economies, is expected to further propel market expansion. These portals enable veterinary hospitals to seamlessly share crucial information online, fostering enhanced communication among veterinary professionals, academics, and pet owners. This development not only aids in the swift dissemination of vital health information but also enhances collaborative efforts in combating poultry diseases.
As the poultry diagnostics market continues to evolve, stakeholders across the industry are poised to benefit from the enhanced capabilities and expanded reach of diagnostic solutions. The integration of advanced technology and the growing emphasis on animal health are set to drive the market forward, ensuring a healthier future for poultry populations globally.
Key Takeaways: Poultry Diagnostics Market
- Poultry diagnostics market expected to grow at a CAGR of 10.5%, reaching US$ 1.6 billion by 2033.
- Market leader, accounting for 10.3% of North American sales with a projected value of US$ 566.9 million.
- Farmers can utilize animal health information portals for preventative diagnostics and disease tracking.
- Key players emphasize precise testing and collaboration for trust building.
- Molecular methods like PCR and sequencing are preferred for accurate flock health assessment.
- Regulatory bodies and universities support disease surveillance and diagnostics.
- Substantial market with a value of US$ 67.3 million and a growth rate of 9.5%.
- Focus on affordable, reliable diagnostic kits for various diseases.
- Research on developing broad-spectrum vaccines against infectious bursal disease virus (IBDV).
- Lucrative market with a projected value of US$ 114.8 million and a growth rate of 9.9%.
- Government initiatives and rising zoonotic diseases drive market expansion.
- Machine learning adoption is anticipated for antibiotic resistance (ABR) detection and management.
- New diagnostics like poultry serum tests hold promise for broiler farm management.
- Important market, representing 9% of global sales with a value of US$ 93.8 million.
- Advanced diagnostic services offered by leading players for improved poultry health.
- Development and production of vaccines and medications for disease prevention.
- Increasing farm efficiency and production cycles boost demand for poultry diagnostics.
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Competitive Landscape:
The poultry diagnostics market is distributed globally owing to domestic and foreign competitors. Several companies command substantial market shares in their respective specialty areas. Large businesses often give natural events like product approvals and the rising incidence of zoonotic and poultry illnesses a high priority. These elements are anticipated to propel the global market for poultry diagnostics to grow quickly.
Recent Developments:
- In March 2018, the introduction of the Infectious Bronchitis Virus RNA Test Kit and the Salmonella Enteritidis-Typhimurium-Heidelberg DNA Test Kit for identification in avian samples was announced by BioChek.
- In July 2018, to improve its position in veterinary diagnosis, Zoetis finalized the acquisition of Abaxis, a leader in veterinary point-of-care testing equipment.
Key Players:
- Agrobiotek Internacional
- Affinitech Ltd.
- Biochek
- Bioingentech Biotechnologies Inc.
- Bionote Inc.
- Boehringer Ingelheim GmbH
- GD Animal Health
- Idexx Laboratories Inc.
- IDVet
- Megacor Diagnostik GmbH
Key Segments Profiled in the Poultry Diagnostics Market Survey:
By Test Type:
- ELISA Test
- PCR Test
By Disease:
- Avian Salmonellosis
- Avian Influenza
- Newcastle Disease
- Avian Mycoplasmosis
- Avian Pasteurellosis
- Infectious Bronchitis
- Infectious Bursal Disease
- Avian Encephalomyelitis
- Avian Reovirus
- Chicken Anemia
By Services:
- Bacteriology
- Virology
- Parasitology
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East & Africa
- Europe
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