The poultry diagnostics market is estimated to be valued at US$ 536.7 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 involves detection of various pathogens and diseases in avian species such as chickens, ducks, turkeys and geese. Rapid diagnostic kits and instruments helps in early detection of infectious diseases in poultry farming. Early disease detection ensures timely treatment and containment, thereby reducing farm losses.
Market key trends:
Growing demand for rapid diagnostic testing from poultry farmers is a key trend spurring market growth. Rapid diagnostic tests provide quick results within hours compared to conventional laboratory-based methods requiring 1-3 days. This allows prompt diagnosis and prescription of accurate treatment. For instance, enzyme-linked immunosorbent assay (ELISA) tests provide results within 4-6 hours for avian influenza and Newcastle disease compared to virus isolation methods requiring 3-4 days. Rapid on-site diagnosis helps curb the spread of contagious diseases among flocks.
Porter's Analysis
Threat of new entrants: The poultry diagnostics market requires high initial capital investment and the presence of several established players presents barrier for new players.
Bargaining power of buyers: Buyers in the form of veterinarians and poultry farmers have moderate bargaining power due to presence of several diagnostic solution providers.
Bargaining power of suppliers: The suppliers of diagnostic kits, reagents and consumables have moderate to low bargaining power due to fragmented nature of supply market.
Threat of new substitutes: There exists low threat from substitute due to lack of alternatives for disease diagnosis in poultry.
Competitive rivalry: The poultry diagnostics market witnesses high competitive rivalry due to presence of global established players.
SWOT Analysis
Strength: Availability of advanced testing kits for disease diagnosis. Growing awareness about poultry health and food safety.
Weakness: High cost of advanced diagnostics poses challenge in developing regions. Dependence on seasonal demand and outbreaks of disease.
Opportunity: Growing poultry meat consumption worldwide. Initiatives by governments to control zoonotic diseases.
Threats: Trade barriers imposed by certain countries. Emergence of new pathogens resistant to vaccines or antimicrobials.
Key Takeaways
The global poultry diagnostics market is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing consumption of poultry meat worldwide. The market size for 2023 is estimated at US$ 536.7 Mn. North America dominates the global poultry diagnostics market currently due to stringent food safety regulations and favorable reimbursement schemes for veterinary diagnostics in the region.
Regional analysis
Asia Pacific is projected to be the fastest growing market for poultry diagnostics during the forecast period. This is attributed to increasing demand for animal protein in countries like China and India. China accounts for over 50% of global poultry meat production currently. Latin America exhibits high growth potential for poultry diagnostics market supported by growing population, rising disposable incomes and urbanization in the region.
Key players analysis
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. Major players are focused on new product development and adoption of innovative immunodiagnostic technologies for livestock disease management
The Global Poultry Diagnostics Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on test type, disease type and service.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Poultry Diagnostics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/17310-poultry-diagnostics-market-reportThe report also covers the complete competitive landscape of the global Poultry Diagnostics market with company profiles of key players such as:Affinitech, Ltd.Agrobiotek InternacionalBiochekBioingentech Biotechnologies, Inc.Bionote, Inc.Boehringer Ingelheim GmbHGD Animal HealthIdexx Laboratories, Inc.IDVetMegacor Diagnostik GmbHQiagen N.V.Thermo Fisher Scientific Inc.Zoetis, Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Test Type:Enzyme-Linked Immunosorbent Assay (Elisa) TestsPolymerase Chain Reaction (PCR) TestsOther Diagnostic TestsBy Disease Type:Avian SalmonellosisAvian InfluenzaNewcastle DiseaseAvian MycoplasmosisAvian PasteurellosisInfectious BronchitisInfectious Bursal DiseaseAvian EncephalomyelitisAvian ReovirusChicken AnemiaBy Service:BacteriologyVirologyParasitologyBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Poultry Diagnostics Market @ https://www.decisiondatabases.com/contact/download-sample-17310The Global Poultry Diagnostics Market has been exhibited in detail in the following chapters –Chapter 1 Poultry Diagnostics Market PrefaceChapter 2 Executive SummaryChapter 3 Poultry Diagnostics Industry AnalysisChapter 4 Poultry Diagnostics Market Value Chain AnalysisChapter 5 Poultry Diagnostics Market Analysis By Test TypeChapter 6 Poultry Diagnostics Market Analysis By Disease TypeChapter 7 Poultry Diagnostics Market Analysis By ServiceChapter 8 Poultry Diagnostics Market Analysis By GeographyChapter 9 Competitive Landscape Of Poultry Diagnostics CompaniesChapter 10 Company Profiles Of Poultry Diagnostics IndustryPurchase the complete Global Poultry Diagnostics Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-17310Other Reports by DecisionDatabases.com:Global Influenza Diagnostics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Companion Diagnostics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Molecular Diagnostics For Cancer Testing Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
Poultry Diagnostics market is anticipated to observe growth during the forecast period due to growing demand at the end user level.
Poultry Diagnostics report gives a clue about the uncertainties that may come up due to changes in business activities or introduction of a fresh product in the market.
The facts and figures included to produce this report are based on the data collection modules with large sample sizes.
This market research study assists customers in understanding a range of drivers and restraints in the Poultry Diagnostics industry which impacts the market during forecast period.Europe poultry diagnostics market is expected to gain market growth in the forecast period of 2020 to 2027.
Data Bridge Market Research analyses the market to grow with a CAGR of 10.3% in the above-mentioned forecast period.Poultry Diagnostics market report also comprises of details of all the parameters mentioned above hence it can be utilized well for the business.
Moreover, Poultry Diagnostics market report explains company profiling of key players in the market, suspiciously analyzing their core competencies, and illustrating a competitive landscape for the Poultry Diagnostics industry.
