by Market Overview:
The global Poultry Diagnostics Market is estimated to be valued at US$ 536.7 million in 2023 and is expected to exhibit a CAGR of 11.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
The poultry industry has witnessed significant growth in recent years due to the increasing demand for poultry products worldwide. However, the industry is facing challenges such as disease outbreaks, which can have a severe impact on poultry production. This has created a need for effective diagnostic tools to identify and manage diseases in poultry. As a result, the poultry diagnostics market is experiencing rapid growth.
Market Key Trends:
One key trend driving the growth of the poultry diagnostics market is the rising demand for pathogen testing. Pathogenic microorganisms such as Salmonella and Avian Influenza are major concerns in the poultry industry as they can lead to severe economic losses and pose risks to human health. To ensure food safety and minimize the spread of diseases, poultry farmers and veterinarians are adopting advanced diagnostic tests to detect pathogens in poultry flocks.
For example, molecular diagnostic techniques such as Polymerase Chain Reaction (PCR) are being increasingly used for pathogen detection in poultry. PCR-based tests provide accurate and rapid results, enabling timely intervention and disease control. This trend is expected to drive the demand for poultry diagnostics products and services in the coming years.
Segment Analysis:
The Poultry Diagnostics Market is segmented based on the type of test into serology tests, PCR tests, and others. Among these segments, PCR tests dominate the market due to their high accuracy, sensitivity, and specificity in detecting pathogens. PCR-based tests are widely used for the diagnosis of viral infections such as Avian Influenza and Newcastle Disease, which are major concerns in the poultry industry.
Key Takeaways:
Market Size: The Global Poultry Diagnostics Market Demand is expected to witness high growth, exhibiting a CAGR of 11.4% over the forecast period. Increasing awareness about food safety and the need to control disease outbreaks in poultry are driving market growth.
Regional Analysis: North America is expected to be the fastest-growing and dominating region in the poultry diagnostics market. The region has a well-established poultry farming industry and stringent regulations for food safety. Additionally, increasing investments in research and development activities related to diagnostics and disease prevention in poultry are contributing to market growth.
Key Players: Key players operating in the global poultry diagnostics market include 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. These companies are focusing on product innovation, partnerships, and strategic collaborations to strengthen their market presence.
In conclusion, the rising demand for pathogen testing in the poultry industry is driving the growth of the poultry diagnostics market. PCR-based tests are dominating the market due to their accuracy and efficiency in detecting pathogens. North America is expected to be the fastest-growing region in the market, driven by stringent food safety regulations and increasing investments in research and development. Key players in the market are continuously innovating to cater to the evolving needs of the poultry industry.
