Deep Analysis of Impact of COVID-19 on “Poultry Diagnostics Market 2019-2025” Growth Worldwide….
The global poultry diagnostics market is
expected to reach USD 771.4 million by
2025, according to a new report by Grand View Research, Inc. Supportive
government initiatives and technological advancements in the poultry sectors is
anticipated to drive the growth of market over the forecast period.
The key players in
poultry diagnostic market include Zoetis, QIAGEN, IDvet, BioChek Smart
Veterinary Diagnostics, Bioneer Corporation, Thermo Fisher Scientific Inc.,
Biogenetics Biotechnology Company, MEGACOR Diagnostik GmbH, IDEXX Laboratories,
Inc., and FinTech, LTD.
Disease outbreaks, technological advancements, and
supportive government initiatives are the key drivers for the substantial
growth of poultry diagnostic market. With the outbreak of catastrophic diseases
and erosive diseases such as avian influenza, Newcastle disease, and other
respiratory infections the farmers are now going for a preventive diagnosis.
These infections of flocks are affecting the global trade of
layers, broilers, turkeys, and water fowl. As a result, there have been
continuous efforts to increase the awareness about these diseases amongst
poultry farmers. Rising number of supportive government initiatives such as,
the OIE International Standards, a part of WTO framework, which issues
standards to improve animal health and promote international animal products
trade are anticipated to increase the demand for the products.
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Further
key findings from the report suggest:
·
The ELISA tests contributed with more than
57.0% share in 2016. This can be attributed to their high sensitivity,
specificity, accuracy and cost-efficinecy.
·
Avian influenza led this industry with more
than 24.0% share in 2016. Frequent outbreaks of influenza (bird flu) in
Southeast Asian and African countries contributed to the substantial share.
·
North America led global poultry diagnostic
market with more than 35.0% share in 2016. This can be attributed to their
advanced infrastructure pertaining to animal health, extensive distribution
network, presence of multinational players and increasing awareness amongst
farmers governed the growth of this segment.
·
Zoetis, QIAGEN, IDvet, Biocheck Smart
Veterinary Diagnostics, Bioneer Corporation, Thermo Fisher Scientific Inc.,
BioinGentech Biotechnology company, MEGACOR Diagnostik GmbH, IDEXX
Laboratories, Inc., and AffiniTech, LTD. are the key players in poultry
diagnostics market.
·
New product developments, collaborations,
regional expansion, and mergers are key strategic initiatives undertaken.
The global poultry
diagnostic market size was estimated at USD 388.1 million in 2016. Increasing
disease outbreaks such as Avian Influenza is vital driver for the substantial
growth of the poultry diagnostic market.
Poultry disease
outbreaks are the prime factor responsible for the significant growth of the
poultry diagnostics market. These infections of flocks are affecting the global
trade of layers, broilers, turkeys, and water fowl. As a result, there have
been continuous efforts to increase the awareness about these diseases amongst
farmers. The diseases are caused by various bacteria, fungi, viruses, protozoon
pathogens, environmental stress and nutritional deficiencies.
An emergence of animal
health information portals specifically in the developed economies is expected
to propel growth over the forecast period. Information produced in veterinary
centers can be transferred to the Internet, which can be additionally imparted
to different researchers and clinicians.
The integration of
this service will encourage continuous developments of changes in ailment
pervasiveness. This empowers ongoing correspondence that helps the proprietor
to remember preventive diagnosis, consistent vaccination, type of vaccines to
be given, medication refills and dietary information.
The rising number of
government initiatives to promote animal health products is presumed to drive
the overall market growth during the forecast period. According to UN
Department of Economic and Social Affairs, global population is approximately
7.3 billion and it is anticipated to reach around 9.7 billion in 2050.
International Fund for
Agricultural Development (IFAD) states that approximately more than 795 million
people are undernourished or malnourished, globally. The above statistics
illustrate the need for extensive efforts for food supply through large scale
adoption of livestock animals and birds.
Browse Press
Release of this report:
Grand View Research has segmented the poultry diagnostics market by test
types, disease types and region:
Poultry Diagnostics
Test Types Outlook (Revenue, USD Million; 2014 - 2025)
·
ELISA
·
PCR
·
Others
Poultry Diagnostics
Disease Types Outlook (Revenue, USD Million; 2014 - 2025)
·
Avian Salmonellosis
·
Avian Influenza
·
Newcastle Disease
·
Avian Mycoplasmosis
·
Infectious Bronchitis
·
Infectious Bursal Disease
·
Avian Pasteurellosis
·
Avian Encephalomyelitis
·
Avian Reovirus
·
Chicken Anemia
·
Other Diseases
Poultry Diagnostics
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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