The Poultry Diagnostics Market is fastest growing segment fueling the growth of the global Poultry Diagnostics Market.

 

The global 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 products help in early detection of infectious diseases in chickens, ducks, and turkeys. These products identify viruses, bacteria, and other pathogens that can cause significant illness and economic losses to poultry farms.

Market key trends:
One of the key trends driving the growth of the poultry diagnostics market is the increasing demand for poultry meat globally. According to the United Nations Food and Agriculture Organization (FAO), the consumption of poultry meat is growing at a rate of 5% annually worldwide. However, infectious diseases pose a major threat to both commercial production and backyard flocks. Hence, use of diagnostics tools for rapid detection of pathogens is growing rapidly to minimize the economic losses and strengthen the food security. Furthermore, advancements in technologies such as Real Time Polymerase Chain Reaction (RT-PCR) and enzyme-linked immunosorbent assay (ELISA) have enabled timely and accurate diagnostics of infectious agents, which is boosting adoption.
Segment Analysis
The global poultry diagnostics market is segmented into test type, disease type, service and region. By test type, the market is divided into ELISA (Enzyme-Linked Sorbent Assay) tests, polymerase chain reaction (PCR) tests, and others. ELISA tests hold the largest market share due to high adoption and accurate results. By disease type, the market is bifurcated into Avian influenza, New Castle disease, Avian Salmonellosis, Avian Mycoplasmosis, and others, where avian influenza holds the major share due to increasing outbreaks globally. By service, the market is divided into bacteriology, parasitology and virology. Bacteriology dominates the segment as it offers diagnosis for wide range of bacterial diseases in poultry.

Key Takeaways
The global poultry diagnostics market size is expected to reach USD 536.7 Mn by 2023, expanding at a CAGR of 11% over the forecast period. The high market growth can be attributed to rising demand for poultry-derived food products and increasing disease outbreaks in birds.

Regionally, North America dominates the global market led by US and Canada. This is attributed high income levels, enabling better spend on healthcare facilities and rising demand for disease-free meat. Asia Pacific is expected to exhibit fastest growth over the forecast period supported by expanding poultry industry and increasing meat consumption in China, India and Southeast Asia.

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. The market is highly competitive with major players focusing on new product launches and geographical expansion.

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