The global poultry diagnostics market is projected to expand at a healthy CAGR of 9% till 2031, surpassing US$ 660 Mn in valuation, reports Fact.MR, a market research and competitive intelligence provider. Historical data suggests that the market expanded at a CAGR of 8.3% from 2016 to 2020.
The primary cause for significant growth in demand for poultry diagnostics is rising outbreaks of poultry diseases worldwide. These flock infections affect world trade in layers poultry, broilers, and turkeys. As a result, ongoing efforts are being made to increase awareness among farmers about these diseases. Different bacteria, fungi, viruses, protozoon pathogens, and environment and nutritional deficiencies are causing these diseases.
Rising prevalence of these infectious diseases and growing threat of antibiotic resistant microbes are key factors bolstering demand for poultry diagnostics across the world. Also, concerns of bacterial and viral transmission from birds to human consumers is supporting the use of diagnostics, as poultry consumption continues growing worldwide.
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Poultry Diagnostics – Scope of Report:
A latest publication by Fact.MR on the global Poultry Diagnosticsevaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.
The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.
The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2022-2032.
Important indicators for the successful growth of the Poultry Diagnostics are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.
This research study can support readers to know the demand for Synthetic Cannabinoids supplements, and the quantitative development opportunities during the study period.
The research is beneficial for shareholders in Poultry Diagnostics, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.
Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.
Competitive Landscape
Prominent players in the industry are QIAGEN, Zoetis, BioChek Smart Veterinary Diagnostics, IDvet, Thermo Fisher Scientific Inc., Bioneer Corporation, MEGACOR Diagnostik GmbH, Biogenetics Biotechnology Company, FinTech, and IDEXX Laboratories, among others.
These players focus on adopting various strategies to expand their product offerings and strengthen geographic presence. With advancements in technology, new players are expected to enter the market.
- In March 2018, in addition to an infectious bronchitis virus RNA sample kit, BioChek confirmed that a Salmonella enteritidis typhoid-Heidelberg NA test kit will be launched.
- Zoetis launched new products – “ProFLOK Enzyme Linked Immune-sorbant (ELISA) assay testing kits and Rapid Immunomigration Assay (RIM)”; these products help detect avian influenza antigens.
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Report benefits & key questions answered
- Post covid consumer spending on Poultry Diagnostics: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
- Poultry Diagnostics demand outlook: the market intelligence study reports highlights the factor propelling the demand for Poultry Diagnostics. As per the study, the demand for Poultry Diagnostics will grow through 2031.
- Poultry Diagnostics historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2021-2031.
- Poultry Diagnostics consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.
Poultry Diagnostics Segmentations:
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By Test
- ELISA Test (Enzyme-linked Immunoassays)
- PCR Test (Polymerase Chain Reaction)
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By Disease
- Avian Salmonellosis
- Avian Influenza
- Newcastle Disease
- Avian Mycoplasmosis
- Avian Pasteurellosis
- Infectious Bronchitis
- Infectious Bursal Disease
- Avian Encephalomyelitis
- Avian Reovirus
- Chicken Anaemia
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By Service
- Bacteriology
- Virology
- Parasitology
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Key Takeaways from Market Study
- By test, ELISA to generate 52% of total market revenue.
- Market for poultry diagnostics to grow 1.8X in value by 2031.
- U.S. to remain dominant in North American market expanding at 6% CAGR through 2031.
- Market for poultry diagnostics in China to surge at CAGR of 12% over analysis period.
- Within Europe, market in Germany to expand at a CAGR of 7% over next ten years.
- Demand for PCR tests to rise at a CAGR of 8% over the decade.
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