The global poultry diagnostics market is on the cusp of a substantial expansion, with projections indicating a robust Compound Annual Growth Rate (CAGR) of 10.5% over the next decade. Valued at USD 590 million in 2023, the market is anticipated to skyrocket to an impressive USD 1.6 billion by 2033, according to market analysts.
This significant growth trajectory is driven by several key factors set to redefine the market’s future. One of the primary catalysts is the increasing prevalence of poultry diseases, which has heightened the demand for advanced diagnostic solutions. Additionally, the rising incidence of zoonotic infections—diseases that can be transmitted from animals to humans—has intensified the need for innovative diagnostic tools.
The emergence of animal health information portals, particularly in developed economies, is anticipated to further accelerate market growth. These platforms allow veterinary hospitals to seamlessly share vital health information online, facilitating improved communication among veterinary professionals, academics, and poultry farmers. This development not only enhances the dissemination of crucial health data but also fosters collaboration in combating poultry diseases.
As the poultry diagnostics market continues to evolve, industry stakeholders are set 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 key drivers propelling the market forward, ensuring a healthier future for poultry populations worldwide.
Key Takeaways: Poultry Diagnostics Market
- The poultry diagnostics market is expected to grow at a CAGR of 10.5%, reaching USD 1.6 billion by 2033.
- The market leads in North America, accounting for 10.3% of sales, with a projected value of USD 566.9 million.
- Farmers can leverage animal health information portals for preventative diagnostics and disease tracking.
- Key players emphasize precise testing and collaboration to build trust.
- Molecular methods like PCR and sequencing are preferred for accurate flock health assessment.
- Regulatory bodies and universities support disease surveillance and diagnostics initiatives.
- The market, valued at USD 67.3 million, is growing at a rate of 9.5%.
- Focus is on affordable, reliable diagnostic kits for various diseases.
- Ongoing research aims to develop broad-spectrum vaccines against infectious bursal disease virus (IBDV).
- A lucrative market, projected to reach USD 114.8 million with 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, such as poultry serum tests, hold promise for broiler farm management.
- The market represents 9% of global sales, valued at USD 93.8 million.
- Leading players offer advanced diagnostic services to improve poultry health.
- The development and production of vaccines and medications for disease prevention are on the rise.
- Increasing farm efficiency and production cycles boost demand for poultry diagnostics.
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Competitive Landscape:
The global poultry diagnostics market is characterized by a mix of domestic and international competitors, each commanding significant market shares in their respective specialties. Major companies prioritize developments such as product approvals and the rising incidence of zoonotic and poultry illnesses, which are expected to drive rapid market growth.
Recent Developments:
- In March 2018, BioChek introduced the Infectious Bronchitis Virus RNA Test Kit and the Salmonella Enteritidis-Typhimurium-Heidelberg DNA Test Kit for avian sample identification.
- In July 2018, Zoetis acquired Abaxis, a leader in veterinary point-of-care testing equipment, to enhance its position in veterinary diagnostics.
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
Market Segmentation:
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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