The global poultry diagnostic testing market is forecasted to experience significant growth, with projections indicating an increase from its 2022 valuation of US$ 956.3 million to an estimated US$ 1.2 billion by 2032. This promising trajectory, as revealed by a recent market study, highlights a consistent Compound Annual Growth Rate (CAGR) of 2.4% from 2022 to 2032.
The study underscores the escalating demand for poultry diagnostic testing solutions, emphasizing the industry’s pivotal role in safeguarding food safety, disease prevention, and quality control within the poultry sector. This growth aligns with the increasing emphasis on maintaining animal health and productivity while adhering to stringent regulatory standards.
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The significance of the poultry diagnostic testing industry in ensuring the safety and sustainability of the global food supply chain cannot be overstated. As consumer preferences continue to prioritize the quality and safety of poultry products, industry growth is expected to be driven by a heightened focus on preventive measures and compliance with international standards.
Commenting on these findings, FMI, stated: “The projected growth of the global poultry diagnostic testing market underscores the industry’s vital role in safeguarding food safety and ensuring the sustainability of the poultry sector. As stakeholders increasingly recognize the importance of preventive measures and regulatory compliance, we anticipate continued expansion and innovation within the industry.”
The anticipated growth of the poultry diagnostic testing market reflects an optimistic outlook for the industry, driven by its essential contributions to food safety, disease control, and quality assurance. As the sector evolves to meet evolving challenges and consumer demands, continued investment in technological advancements and regulatory compliance is poised to fuel further growth and development.
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.
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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.
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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