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Poultry Diagnostics Market by Test Disease, Service - Global Forecast to 2022

Poultry Diagnostics Market: Global Forecast until 2022

  • May 2017
  • 157 pages
  • ID: 4898224
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The overall poultry diagnostics market is forecasted to grow at a compound annual growth rate (CAGR) of 10.50 percent, to attain $495.30M by 2022 from $300.60M in 2017. The majority of the demand for testing kits including ELISA and PCR tests is influenced by the growth in disease outbreaks in poultry, growing prevalence of zoonotic diseases, and increasing demand for poultry-derived food products. Additionally, increasing concerns regarding food security in the Asia-Pac and African regions are further driving the global increase of the market.

In this industry report, the poultry diagnostics market is divided on the basis of product, service, and area. On the basis of product, the sector has been further broken down by test type and disease type. The test type segment recorded for the biggest share of the market in 2016. It is also anticipated to grow at the highest CAGR (Compound annual growth rate) during the estimate period. This can be connected to the wide use of ELISA tests for preliminary screening of all avian diseases along their high sensitivity, specificity, and cost-effective nature. These tests are the most preferred for quick and accurate results. The disease type is also anticipated to register the quickest rise in the poultry diagnostics market during the outlook period. This is due to the recent surge in avian influenza outbreaks in territories such as the U.S.A, Canada (CA), and China (CN). This has led to the adoption of several test kits to detect and combat its spread.

By service, the sector is divided by bacteriology, virology, and parasitology. The bacteriology service segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period. This is attributed to the regular bacterial testing on poultry undertaken by localities such as EU and Asia-Pac to detect and prevent the spread of zoonotic diseases such as salmonellosis, pasteurellosis, and mycoplasmosis.

Geographically, the sector is divided into North America, Europe (EU), Asia Pacific (APAC), and the Rest of the globe. The Asia-Pacific area is forecast to witness the more important increase during the outlook period. Increase in this area can be accredited to the important livestock population in this zone, increasing demand of poultry-derived food products, growing awareness about animal health, and increasing per capita animal health expenditure, especially in India and China (CN). The rising outbreak of avian influenza and Newcastle disease in this area is aiding industry growth. Moreover, emerging industries, especially Brazil and China (CN), offer significant increase opportunities for actors in the poultry diagnostics market due to their big export business.

Some of the prominent actors in the industry are IDEXX Laboratories, Incorporated, Qiagen NV (NASDAQ:QGEN), Thermo Fisher Scientific (NYSE:TMO), Zoetis, Incorporated, GD Animal Health, IDvet, AffiniTech, Limited, AgroBioTek Internacional, BioNote, Incorporated, BioChek, Boehringer Ingelheim, MEGACOR Diagnostik GmbH, and BioinGentech Biotechnologies, Incorporated.

Segment Research

The focus of this report is on providing quantitative information for clients seeking market size information on different segments of the poultry diagnostics market. It provides the current and forecast assessment of the overall poultry diagnostics market. The poultry diagnostics market is broken down on the basis of product (test type and disease type), service, and area. Moreover, the industry report also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, latest developments, and key industries strategies.

Why Purchasing This Study Can Help You:

The study will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations collect a greater share. Companies obtaining the analysis could use any one or combination of the below-mentioned five strategies for growing their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the product types provided by the top actors in the poultry diagnostics market. The report analyses the poultry diagnostics market by test type, disease type, service, and area

- Product improvement/Innovative products: In-depth understanding on the next trends, analysis and growth activities, and launches of new product in the poultry diagnostics market

- Industry development: Highlighted information about profitable emerging sectors by product and area

- Industry diversification: Complete information about recent products, increasing geographies, recent evolutions, and market investments in the poultry diagnostics market

- Opposing assessment: In-depth assessment of increase strategies, products, and manufacturing competences of key players in the poultry diagnostics market

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