Poultry Diagnostics Market is anticipated to reach US$ 1.6 billion by 2033, with a CAGR of 10.5%

During the forecast period, the worldwide Poultry Diagnostics Market demand is expected to grow at a moderate rate of 10.5%. The Poultry Diagnostics market is currently valued at US$ 590 million in 2023. By 2033, the value of the Poultry Diagnostics industry is expected to reach US$ 1.6 billion.

The outbreak of poultry diseases and the increased occurrences of zoonotic infections are projected to influence the Poultry Diagnostics market growth in the coming years. The development of animal health information portals, particularly in developed nations, is expected to enhance growth over the forecast period. Veterinary hospital data can be uploaded to the internet and shared with other researchers and professionals. The inclusion of this service is anticipated to induce continued changes in illness prevalence. This allows for constant communication, which helps the owner remember preventative diagnosis, routine immunisation, the type of immunisations to be delivered, medication refills, and dietary directions.

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Increasing government actions to promote animal health products are expected to drive market growth overall throughout the forecast period. According to the United Nations Department of Economic and Social Affairs, there are currently over 7.3 billion people on the planet, with 9.7 billion anticipated to reside there by 2050.

According to the International Fund for Agricultural Development, there are around 795 million people worldwide who are undernourished or malnourished. The statistics shown above emphasises the significance of making major efforts to secure a sufficient supply of food by making extensive use of poultry and livestock. The prevalence of infectious diseases is increasing, encouraging an increase in the usage of Poultry Diagnostics throughout time.

Consumption of meat and eggs is also increasing, which is hastening the segment’s growth. For example, 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, it is expected that increased production and consumption of poultry-derived commodities in the area will fuel market expansion over the projection period.

Because of the advent of enzyme-linked immunosorbent assay (ELISA) tests with high accuracy and cost effectiveness, market participants are focusing on developing better testing tools and point-of-care (POC) diagnostics for more recent disorders such as mortality syndrome. Furthermore, they are forming strategic alliances and acquiring companies in order to broaden their competitive environment, which is likely to assist the growth of the Poultry Diagnostics market size.

However, the lack of rapid test kits for poultry and a shortage of expertise in underdeveloped regions are two factors that may limit the global Poultry Diagnostics market’s growth. Furthermore, the high costs of producing chicken would most likely 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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