USD 478.11 million
Report ID:
SQMIG35A2653 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
70
|Figures:
68
Poultry Diagnostics Market size was valued at USD 529.40 million in 2022 and is poised to grow from USD 586.57 million in 2023 to USD 1332.42 million by 2031, growing at a CAGR of 10.8% in the forecast period (2024-2031).
The growth of the global poultry diagnostics market is driven by the increasing occurrence of disease outbreaks in poultry worldwide. In developed economies, the emergence of animal health information portals and initiatives by government and animal welfare associations contribute to market growth. Rising concerns about food security and the growing consumption of animal-derived products also play a role. Additionally, increased healthcare expenditure, advancements in healthcare infrastructure, and higher disposable income have a positive impact on the poultry diagnostics market. Moreover, ongoing developments in diagnostics present profitable opportunities for market players.
US Poultry Diagnostics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 478.11 million
Largest Segment
ELISA
Fastest Growth
ELISA
Growth Rate
10.8% CAGR
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The global poultry diagnostics market is segmented on the basis of Test type, Disease type, Services, and region. By Test type, the market is segmented into Enzyme-Linked Immunosorbent Assay (Elisa) Tests, Polymerase Chain Reaction (PCR) Tests, and Other Diagnostic Tests. By Disease type, the market is segmented into Avian Salmonellosis, Avian Influenza, Newcastle Disease, Avian Mycoplasmosis, Infectious Bronchitis, Infectious Bursal Disease, Avian Pasteurellosis, Avian Encephalomyelitis, Avian Reovirus, and Chicken Anemia. By Services, the market is segmented into Virology, Bacteriology, and Parasitology. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Poultry Diagnostics Market Analysis By Test type
In the poultry diagnostics market, the Enzyme-Linked Immunosorbent Assay (ELISA) stands as the most dominant test type. ELISA is widely utilized due to its reliability, cost-effectiveness, and ability to detect a wide range of poultry diseases effectively. Its popularity stems from its ability to identify antibodies or antigens present in the bird's blood sample, aiding in the diagnosis of various infections.
On the other hand, the Polymerase Chain Reaction (PCR) test type holds the position as the fastest-growing segment in the poultry diagnostics market. PCR is gaining momentum due to its high sensitivity, specificity, and rapid results. It allows for the detection of pathogens at the molecular level, making it invaluable for early disease detection and precise diagnosis, leading to effective disease management and prevention.
Poultry Diagnostics Market Analysis By Disease Type
Based on disease type, Avian Influenza (AI) is the dominant segment in the poultry diagnostics market. Avian Influenza is a highly contagious viral disease that affects various bird species, including poultry, and has significant economic implications for the industry.
On the other hand, the fastest-growing segment in the Poultry Diagnostics market is Avian Mycoplasmosis. Avian Mycoplasmosis is caused by Mycoplasma gallisepticum and Mycoplasma synoviae bacteria and can lead to respiratory problems, decreased egg production, and other health issues in poultry. The increasing incidence of Avian Mycoplasmosis is driving the demand for diagnostic tests to detect and manage the disease effectively, contributing to the rapid growth of this segment in the market.
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The global poultry diagnostics market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is the dominant segment in the poultry diagnostics market. The region has a well-established poultry industry and a strong focus on animal health and welfare. The presence of advanced diagnostic technologies, research facilities, and government support for disease control in the poultry sector contribute to North America's dominance in this market.
On the other hand, for the fastest-growing segment, Asia Pacific shows remarkable growth potential in the poultry diagnostics market. The region has a large and rapidly expanding poultry industry, driven by increasing demand for poultry products due to population growth and changing dietary habits. Additionally, rising awareness of animal health, growing investments in the livestock sector, and government initiatives to control disease outbreaks are propelling the adoption of poultry diagnostics in Asia Pacific.
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Poultry Diagnostics Market Drivers
Disease Outbreaks:
Growing Concerns about Food Safety:
Poultry Diagnostics Market Restraints
High Costs:
Lack of Awareness and Infrastructure:
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The global poultry diagnostics market exhibits competitive landscapes with several key players competing to offer innovative and reliable diagnostic solutions. Leading companies focus on research and development to introduce advanced testing methodologies and tools for disease detection in poultry. They also invest in expanding their product portfolio and geographic presence to cater to a wider customer base. Competitors engage in strategic collaborations, partnerships, and mergers to strengthen their market position. Additionally, competitive strategies include competitive pricing, superior customer service, and adherence to quality standards. As the demand for poultry diagnostic solutions continues to grow, the competitive landscape remains dynamic, with companies striving to stay ahead in this rapidly evolving market.
Poultry Diagnostics Market Top Player’s Company Profile
Poultry Diagnostics Market Recent Developments
Increased Adoption of Rapid Diagnostic Technologies:
Focus on Biosecurity Measures:
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global poultry diagnostics market analysis, the market is witnessing significant growth due to the increasing occurrence of disease outbreaks in poultry globally. Diseases such as Avian Influenza, Avian Mycoplasmosis, Avian Salmonellosis, and Infectious Bronchitis are of particular concern. The market is driven by the rise of animal health information portals in developed economies and initiatives by governments and animal welfare associations. Growing concerns about food security and the rising consumption of animal-derived products further fuel market expansion. Increased healthcare expenditure, advancements in healthcare infrastructure, and higher disposable income also contribute to the market's positive trajectory. Additionally, ongoing developments in poultry diagnostics offer profitable opportunities for market players. North America dominates the market owing to the presence of a significant poultry industry base. As the poultry industry continues to face health challenges, the demand for effective and efficient diagnostic solutions is expected to grow in the coming years.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 529.40 million |
Market size value in 2031 | USD 1332.42 million |
Growth Rate | 10.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Poultry Diagnostics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Poultry Diagnostics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Poultry Diagnostics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Poultry Diagnostics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2653
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