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Poultry Diagnostics Market Size Worth $740.2 Million By 2025 | CAGR: 8.3%

The global Poultry Diagnostics market is expected to grow at growth rate of 8.3% to reach USD 740.2 million by 2025.

Poultry diagnostics demand a knowledge of a disease process and also the understanding of the poultry production system. Poultry disease outbreak is the prime factor responsible for significant growth of the poultry diagnostics market. Over the past few years, the industry’s performance was highly volatile. The industry has experienced strong growth in 2017 owing to the disease outbreak. For instance, in July 2017, the World Organisation for Animal Health (OIE) reported the outbreak of highly pathogenic bird flu H5N1 strains in Vietnam.

Other factors such as rising number of companies, advancement in technologies, and increasing demand for poultry diagnosis support the industry growth significantly. On the flip side, the requirement of high capital investment coupled with decreasing number of poultry farmers hampers the market growth to some extent. Furthermore, lack of awareness regarding animal health and unavailability of an advanced instrument for diagnosis purpose in developing regions is anticipated to restrain the industry further.

Key Takeaways

In terms of technology, ELISA tests have captured over 50% value share of the worldwide poultry diagnostics market in 2017 owing to its accurate, cost-efficient and higher sensitivity & specificity analysis which can be useful in case of a disease outbreak
Of the different disease types, Avian Influenza accounted for the highest share and has continued to show robust growth over the forecast period. Whereas, Avian Encephalomyelitis is considered to be the fastest growing segment.
Service providers-wise, private sectors such as independent diagnostic consultants and poultry consultants captured the largest share in terms of value.
North America accounted for the highest share due to the presence of multinational players, advanced infrastructure, and extensive distribution networks. As per the National Agricultural Statistics Service of United States Department of Agriculture, around 233,770 poultry farms in the U.S. in 2012.
Companies namely BioChek, Qiagen, IDEXX, Thermo Fischer, and Zoetis are actively present in this market. Key players are involved in developing effective diagnostic solutions by increasing research and development activities.
Companies are obtaining quality accreditation from International Organization for Standardization (ISO), and AAVLD laboratory to gain customer satisfaction

KEY BENEFITS OF THE REPORT:

In-depth analysis of the key market dynamics
Granular analysis of the current market scenario and expected factors to affect the market
Detailed analysis of the geographic region, regional and county wise analysis
Highlight on the strategies that are being adopted by the key players in this market to stay competitive
Extensive analysis of the key players dominating the market

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

MARKET, BY TECHNOLOGY