During the projected period, the Global Poultry Diagnostics Market Demand is expected to grow at a moderate rate of 10.5%. The Poultry Diagnostics market is anticipated to be valued US$ 590 million in 2023. The Poultry Diagnostics industry is expected to be valued US$ 1.6 billion by 2033.
Poultry disease outbreaks and the increasing frequency of zoonotic infections are projected to have an impact on the growth of the Poultry Diagnostics market in the coming years. During the projected period, the development of animal health information portals, particularly in developed nations, is expected to support growth. Data from veterinary hospitals can be shared with other researchers and professionals via the internet. This service’s implementation is likely to result in continual improvements in sickness prevalence. This enables constant communication, which helps the owner recall preventative diagnosis, routine vaccination, the type of immunisation to be administered, medication refills, and dietary directions.
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Increased government measures to promote animal health products are expected to drive market growth over the forecast period. The world currently has about 7.3 billion people, with 9.7 billion predicted by 2050, according to the United Nations Department of Economic and Social Affairs.
According to the International Fund for Agricultural Development, 795 million people worldwide are undernourished or malnourished. The statistics presented above emphasises the significance of making large efforts to secure a sufficient supply of food by relying heavily on poultry and cattle. The prevalence of infectious diseases is rising, which is fueling an increase in the utilisation of Poultry Diagnostics throughout time.
Consumption of meat and eggs is also increasing, accelerating the segment’s growth. In 2015, the United States produced 14,639,012 tonnes of hen eggs in shells, which increased to 14,490,724 tonnes in 2016. As a result, increased production and consumption of poultry-derived commodities in the region are expected to drive market growth throughout the forecast period.
Because of the development of high-accuracy and low-cost enzyme-linked immunosorbent assay tests, industry actors are concentrating their efforts on creating enhanced testing tools and point-of-care diagnostics for more recent disorders such as mortality syndrome. Furthermore, they are forming strategic partnerships and acquiring companies to diversify their competitive landscape, which is projected to aid in the growth of the Poultry Diagnostics market.
However, a shortage of rapid test kits for poultry and a lack of understanding in developing nations may stymie the worldwide Poultry Diagnostics market’s growth. Furthermore, the high cost of chicken production would almost probably limit market expansion.
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Poultry Diagnostics Market 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.
Poultry Diagnostics Market 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.
Poultry Diagnostics Market 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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Poultry Diagnostics Market 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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