by The global poultry diagnostics market is estimated to be valued at US$ 536.7 Mn or Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Poultry diagnostics include various tests and services for detection of poultry diseases. It involves diagnostic tools and kits for detection of avian influenza, Newcastle disease, and other poultry diseases. Rising prevalence of zoonotic and infectious diseases is driving the need for accurate and rapid poultry disease diagnostics.
Market key trends:
One of the key trends in the poultry diagnostics market is the shift from conventional diagnostic methods to molecular diagnostics. Molecular diagnostic methods such as PCR (polymerase chain reaction) offer faster and more accurate detection of poultry diseases as compared to conventional methods such as virus isolation and antibody-based diagnostics. PCR tests are being widely adopted for detection of avian influenza and other viral pathogens in poultry. Due to advantages such as speed, accuracy, and reproducibility, the demand for PCR-based molecular diagnostic kits and instruments is growing in the market.
SWOT Analysis:
- Strength: The poultry diagnostics market benefits from the rise in poultry farming and increasing prevalence of zoonotic diseases. Poultry diseases pose risks of cross-species infection.
- Weakness: Implementation of stringent regulations add to operational costs for poultry farmers. Additionally, test methods often require advanced laboratory infrastructure that may not be affordable for all operators.
- Opportunity: Growing demand for poultry meat and eggs in developing nations drives the need for effective disease diagnosis and control. Emerging economies offer scope to expand testing services.
- Threats: Threat of new disease outbreaks remains high due to intensive farming practices. Environmental factors also influence disease transmission in poultry. Alternative meat options could affect market demand over the long run.
Key Takeaways:
The Global Poultry Diagnostics Market Growth is expected to witness high, exhibiting CAGR of 11% over the forecast period, due to increasing demand for poultry meat and need for disease control. Asia Pacific dominates the market currently owing to rising meat consumption and presence of major producers in China and India.
Regional analysis
North America holds a significant share due to advanced animal healthcare infrastructure and mandatory disease monitoring protocols implemented by regulatory agencies. The Asia Pacific region is projected to grow at the fastest pace through 2030, driven by expanding poultry farming in India and China catering to the region’s huge consumer base.
Key players
Key players operating in the poultry diagnostics market are Zoetis, Thermo Fisher Scientific Inc., Baltivet, Bioingentech, Devex, BioChek, QIAGEN, Bioneer Corporation, Megacor Diagnostik GmbH, Merck & Co., Inc., IdentiGEN, Abaxis, BIOMERIEUX, Transasia Bio-Medicals, Boehringer Ingelheim International GmbH, EW Group Ltd., and Hygiena, LLC.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
