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23-Oct-2024

Global Poultry Diagnostics Market Set to Experience Robust Growth with Projected CAGR of 10.5% by 2033

The global poultry diagnostics market is on the verge of remarkable expansion, with analysts forecasting 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 surge to an impressive USD 1.6 billion by 2033. This significant growth is attributed to emerging trends in poultry health management and the integration of advanced technology.

A primary driver of this substantial market growth is the rising prevalence of poultry diseases, which has heightened the demand for innovative diagnostic solutions. As poultry farming expands to meet the increasing global food demands, outbreaks of diseases have become a major concern. This situation underscores the necessity for precise and efficient diagnostic tools to ensure the health of poultry populations.

Additionally, the growing incidence of zoonotic infections—diseases transmitted from animals to humans—has intensified the focus on advanced diagnostics. These solutions are crucial for early detection and prevention, safeguarding both poultry and human health.

The development of animal health information portals, particularly in developed regions, is further propelling market growth. These platforms enhance communication among veterinary professionals, researchers, and poultry farmers, revolutionizing the management of health data. By providing real-time access to vital health information, these portals are improving disease management strategies and fostering collaboration to combat poultry-related illnesses.

As the industry continues to evolve, stakeholders—including veterinary hospitals, diagnostic companies, and poultry farmers—are set to benefit from enhanced capabilities in advanced diagnostics. The integration of innovative technology and the growing emphasis on animal health ensure a future where poultry populations can thrive, supported by effective disease prevention and management strategies.

With a promising outlook, the global poultry diagnostics market is positioned to play a crucial role in safeguarding the health of poultry worldwide, contributing to a more sustainable and secure food supply chain.

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.

Elevated Market Interest: Delve into In-Depth Trends and Insights with Our Full Report!

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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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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Last Updated: 23-Oct-2024