The global Poultry Diagnostics Market Demand is estimated to develop at a moderate rate of 10.5% during the forecast period. In 2023, the Poultry Diagnostics market is expected to be worth US$ 590 million. The Poultry Diagnostics sector is anticipated to be worth US$ 1.6 billion by 2033.
Poultry disease outbreaks and growing frequencies of zoonotic illnesses are expected to have an impact on the Poultry Diagnostics market growth in the future years. The creation of animal health information portals, particularly in developed countries, is likely to boost growth during the forecast period. Data from veterinary hospitals can be uploaded to the internet and distributed to other researchers and professionals. The adoption of this service is expected to result in ongoing changes in sickness prevalence. This allows for continuous communication, which aids the owner in remembering preventative diagnosis, routine vaccination, the type of immunisation to be provided, medicine refills, and dietary instructions.
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Increasing government initiatives to promote animal health products are likely to boost market expansion over the forecast period. According to the United Nations Department of Economic and Social Affairs, the world currently has over 7.3 billion people, with 9.7 billion expected by 2050.
The International Fund for Agricultural Development estimates that 795 million people globally are undernourished or malnourished. The data shown above stresses the importance of making significant efforts to ensure a sufficient supply of food by making considerable use of poultry and cattle. The prevalence of infectious diseases is increasing, which is promoting a rise in the use of Poultry Diagnostics throughout time.
Consumption of meat and eggs is also rising, hastening the segment’s expansion. For example, the US produced 14,639,012 tonnes of hen eggs in shells in 2015, which grew to 14,490,724 tonnes in 2016. As a result, higher production and consumption of poultry-derived commodities in the area are likely to fuel market expansion over the forecast period.
Because of the introduction of high-accuracy and low-cost enzyme-linked immunosorbent assay tests, market participants are focusing on developing improved testing tools and point-of-care diagnostics for more recent illnesses such as mortality syndrome. Furthermore, they are making strategic alliances and acquiring companies in order to broaden their competitive environment, which is expected to help the Poultry Diagnostics market size grow.
However, two challenges that may hamper the global Poultry Diagnostics market’s growth are a lack of quick test kits for poultry and a lack of knowledge in developing countries. Furthermore, the high production costs of chicken would almost certainly limit market expansion.
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Key Takeaways:
- The United States is expected to dominate the worldwide Poultry Diagnostics market over the estimated period. The availability of various portals that give animal health information is one element driving market expansion. Farmers can utilise these portals to track crucial diagnostic tests, missed immunisations, nutritional data, and preventative diagnostics.
- During the forecast period, China and Japan are predicted to dominate the Asia Pacific Poultry Diagnostics market. The industry is also growing as a result of increased government and animal welfare activities in the countries to raise public awareness of poultry diseases. Furthermore, increased avian illness and zoonotic disease rates are expected to drive market growth throughout the research period.
- Owing to its link to subclinical infections, decreased egg production, and respiratory diseases, the avian influenza disease is expected to hold the dominant revenue, through the forecast period.
- As it can quickly identify contagious illnesses like avian influenza which are common in industrialized nations, the ELISA test type, is the most creative segment for key companies, accounting for a sizable portion.
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.
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
- Qiagen N.V.
- Thermo Fisher Scientific
- Zoetis Inc.
- Bioneer Corporation
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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 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
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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