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Global Poultry Diagnostics Market Projected To Reach US$ 731.25 Million by 2025 | Expand At A CAGR of 10.5 % from 2018 t

Global Poultry Diagnostics Market is expected to reach USD 731.25 million by 2025 from USD 335.14 million in 2018, at a CAGR of 10.5% in the forecast
Rubin McCarter | 06.11.2018

Global Poultry Diagnostics Market is expected to reach USD 731.25 million by 2025 from USD 335.14 million in 2018, at a CAGR of 10.5% in the forecast period 2018 to 2025.

Global Poultry Diagnostic Market – Industry Trends and Forecast to 2025

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Segmentation:

Global Poultry Diagnostic Market – Industry Trends and Forecast to 2025

By Test (Polymerase Chain Reaction Tests, Enzyme Linked Sorbent Assay),
By Disease (Avian Influenza, Avian Mycoplasmosis, Avian Salmonellosis, Avian Pasteurellosis, Chicken Anemia, Avian Reovirus, Newcastle Disease, Infectious Bronchitis, Infectious Bursal Disease, Avian Encephalomyelitis),
By Service (Bacteriology, Parasitology, Virology),
By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Drivers:

The major factors driving the growth of this market are rise in rising incidence of disease in poultry, increased demand for poultry-derived food products, increasing usage of advanced solutions to optimize operational costs, increasing demand for transit operations data. On the other hand high cost involved in poultry production may hinder the global poultry diagnostic market.

RISING INCIDENCE OF DISEASE IN POULTRY

The diseases rate in poultry is also very high as the diseases spread expeditiously among chickens because they are generally kept together in a chicken house or cage. Moreover, while living together they also tend to share the same food, which can easily transmit the diseases from sick poultries. In addition to this, the poultries are artificially grown by providing antibiotics and injections for their faster growth which lead to the premature growth of poultries and leading to diseases.

Rising incidence of disease in poultry has led to raise the number of various foodborne illnesses, for instance, according to The PEW Charitable Trusts, in 2016, it has been estimated that meat and poultry have been responsible for sickening more than 2 million Americans each year.

Thus, rising incidences of disease in poultry has increased the demand for poultry diagnostics as poultry contributes a major share in livestock industry.

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INCREASED DEMAND FOR POULTRY-DERIVED FOOD PRODUCTS

Poultry-derived food products signifies a substantial part of agricultural and food production in the world. Demand for poultry-derived food is increasing due to various reasons such as urban population growth and poultry-derived food products are rich in protein.

According to The Food and Agriculture Organization, it has been estimated that by 2030 the demand for poultry meat will increase by 106.0%.

According to Turkish Journal of Veterinary and Animal Sciences, in 2013, it has been estimated that out of 625 household people 57.1% consume meat daily in Belgium.

Major Players:

Some of the major players operating in this market are

IDEXX Laboratories Inc.,
Zoetis,
Thermo Fisher Scientific Inc.,
QIAGEN,
Ubio Biotechnology Systems Pvt Ltd,
Nisseiken Co. Ltd,
Gd Animal Health,
DRG INSTRUMENTS GMBH,
BIOINGENTECH BIOTECHNOLOGIES INC.,
AffiniTech LTD.,
BioNote Inc.,
Idevt,
Biochekk smart veterinary diagnostics
Among others
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