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Poultry Diagnostics Market is projected to accelerate at a CAGR of 10% across the assessment period of 2022 to 2031

The global poultry diagnostics market is anticipated to grow at 9% CAGR between 2021 and 2031 to reach valuation of nearly US$ 660 Mn by 2031. In the last 5 years, the market expanded at 8.3% CAGR and surpassed valuation of US$ 358 Mn in 2020.

Poultry disease outbreaks are key factors fuelling the demand for effective poultry diagnostics solutions. The global poultry industry is suffering as a result of rising prevalence of various ailments. Ongoing attempts intended at increasing farmer knowledge about these illnesses, caused by a variety of bacteria, viruses, fungi, environmental stress, protozoon pathogens, and nutritional deficiencies have proven crucial for growth of the poultry diagnostics market.

Foodborne and zoonotic diseases are often associated with poultry. Eradication of foodborne and zoonotic pathogens is presenting a major challenge to the poultry industry.

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Zoonotic means that the disease can be passed from one species to another. Diseases affecting poultry also have negative health implications on consumers of poultry products. One of the most common infections in chickens is salmonella. Also, Marek’s disease and avian reticulon endotheliosis are among common ailments affecting health in birds. These infectious can cause cancer-like illnesses, which is most commonly reported in chickens.

Rising occurrence of such illnesses is posing a serious danger to the poultry sector and as a result, demand for poultry diagnostics is increasing. Focus on eliminating the risk of aforementioned diseases and ascertaining healthy source of food items for consumers will therefore remain chief growth drivers.

Key takeaways from Poultry Diagnostics Market Research Report

  • With a market share of more than 35%, North America dominates the global poultry diagnostics market.
  • Over the projected period, demand for poultry diagnostics in Asia Pacific is expected to grow at an impressive CAGR of 11%.
  • Europe is a leading exporter of poultry products and one of the world’s top poultry producers. It therefore presents conducive environment for expansion of the poultry diagnostics market. Within Europe, the U.K. will remain a lucrative pocket.
  • China poultry diagnostic market is expected to reach US$ 139 million by 2031.
  • In 2020, the market in the U.S. is expected to be worth US$ 97 million.
  • By test, enzyme-linked adsorption assay (ELISA) holds 52% of total market share and is estimated to grow at 10% CAGR in forecast period
  • By disease, avian influenza accounts for over 27% of total market share.

Growth Drivers:

  • Increasing government efforts towards animal welfare and spreading awareness about poultry diseases are aiding market growth.
  • Expansion of the meat industry and high demand and usage of eggs across diverse sectors, including food and personal care are projected to drive market growth.
  • With a wide spectrum of illnesses that might harm the stock, advances in toxicology, serology, pathology, and microbiology will have an impact on long-term need for poultry diagnostics.

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Competitive Landscape

Key players are adopting key strategies such as collaborations, mergers, and acquisitions to develop products and increase market revenue. For instance,

  • In July 2018, in order to enhance its position in the field of veterinary diagnostics, Zoetis finalized the purchase of Abaxis, a global manufacturer of on-site veterinary testing equipment.
  • In March 2018, for avian samples, BioChek has released a salmonella enteritidis-typhoid-heidelberg DNA test kit and an infectious bronchitis virus RNA test kit.
  • In February 2018, Biochek launched avian influenza H5-H7-H9 multiplex, a PCR test kit to diagnose avian influenza.

Key players operating in the poultry diagnostics market include

  • IDEXX Laboratories
  • QIAGEN N.V.
  • Thermo Fisher Scientific
  • Zoetis
  • GD Animal Health
  • IDvet
  • AffiniTech LTD
  • AgroBioTek Internacional
  • BioNote
  • BioChek
  • Boehringer Ingelheim
  • MEGACOR Diagnostik GmbH
  • BioInGenTech Biotechnologies.

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Categories
Pharmaceutical

Poultry Diagnostics Market is Slated to Reach a Valuation of Nearly US$ 660 Mn by 2031 End

250 Pages Poultry Diagnostics Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

According to Fact MR’s recent market research, sales of Poultry Diagnostics to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Poultry Diagnostics market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

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Digital Transformation in Healthcare Presenting Opportunities for Poultry Diagnostics Market Growth

Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.

Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Poultry Diagnostics market.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Poultry Diagnostics market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Poultry Diagnostics

poultry diagnostics market market by FactMR

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The report offers actionable and valuable market insights of Poultry Diagnostics. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Poultry Diagnostics Market across various industries and regions.

This newly published and insightful report sheds light on Market Insights of Poultry Diagnostics, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Poultry Diagnostics Market.

Key Segments Covered in Poultry Diagnostics Industry Research

  • By Test
    • ELISA Test (Enzyme-linked Immunoassays)
    • PCR Test (Polymerase Chain Reaction)
  • By Disease
    • Avian Salmonellosis
    • Avian Influenza
    • Newcastle Disease
    • Avian Mycoplasmosis
    • Avian Pasteurellosis
    • Infectious Bronchitis
    • Infectious Bursal Disease
    • Avian Encephalomyelitis
    • Avian Reovirus
    • Chicken Anaemia
  • By Service
    • Bacteriology
    • Virology
    • Parasitology

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Poultry Diagnostics Market- Scope of Report

A recent study by Fact.MR on the poultry diagnostics market offers a 10-year forecast for 2021 to 2031. The study analyses crucial trends that are currently determining the growth of the market.

This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering poultry diagnostics.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies offering poultry diagnostics, along with their product portfolios, key strategies, and SWOT analysis, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including revenue growth, and revenue generation across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account revenue from poultry diagnostics during the forecast period.

Market Segmentation

Fact.MR has studied the poultry diagnostics market with detailed segmentation on the basis of test, disease, service, and region. This report offers comprehensive data and information about the important poultry diagnostics market dynamics and growth parameters related to these categories.

Market Size Evaluation

The market has been analysed for each market segment in terms of volume (`000units), and value (US$ Mn).

Market estimates at global and regional levels for poultry diagnostics are available in terms of “US$ Mn” for value and in ‘’’000 units for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the revenue perspective in the global poultry diagnostics market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on revenue for poultry diagnostics have been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for key countries has also been included in the report.

Competition Analysis

The report sheds light on leading providers of poultry diagnostics, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering poultry diagnostics have been brought with the help of a detailed dashboard view.

Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player.

Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the poultry diagnostics market.

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.

“Growing incidence of zoonotic diseases and rising awareness of consumers towards safety of poultry products to boost demand for poultry diagnostics over coming years,” says a Fact.MR analyst.

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Report Benefits & Key Questions Answered

  • Poultry Diagnostics Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Poultry Diagnostics Historical volume analysis: The report provides a comparison of Poultry Diagnostics’s historical sales and projected sales performance for 2021-2031.
  • Poultry Diagnostics Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Poultry Diagnostics market. It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Poultry Diagnostics Consumption by demographics: The report investigates consumer behavior affecting Poultry Diagnostics demand outlook for the assessment period. Effect of their keenness for digital trends on Poultry Diagnostics market is carefully analyzed
  • Post COVID consumer spending on Poultry Diagnostics: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Poultry Diagnostics market growth.

More Valuable Insights on Poultry Diagnostics Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Poultry Diagnostics, Sales and Demand of Poultry Diagnostics, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates