Industry Outlook and Trend Analysis
The Poultry Diagnostics Market was worth USD 0.25 million in 2014 and is expected to reach approximately USD 0.62 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 10.45% during the forecast period. Expanding outbreak of diseases, for example, Avian Influenza is fundamental driver for the significant development of the poultry diagnostic market. Outbreak of poultry diseases are the prime factor in charge of the critical development of the poultry diagnostics market. These diseases of groups are influencing the worldwide exchange of broilers, turkeys, layers, and water fowl. Thus, there have been constant endeavours to build the awareness about these diseases among farmers. A rise of animal health information portals particularly in the developed economies is foreseen to impel development over the figure time frame.
Test Type Outlook and Trend Analysis
The ELISA is major contributor in the poultry diagnostics market. ELISA tests are used for the different kinds of avian flu which has repetitive outbreaks in different locales. Furthermore, ELISA test is cost efficient, precise and has more specificity and sensitivity. All these components added to the critical share of ELISA tests. PCR based test followed ELISA test and held over 30.0% of the share in 2016.
Disease Type Outlook and Trend Analysis
Avian Influenza drove the market with over 24.0% share in 2016. Repetitive outbreaks of influenza (bird flu) in Southeast Asian and African nations added to the significant share. Domestic birds is commonly contaminated by the low pathogenic type resulting in respiratory diseases, decrease in egg generation and subclinical infections.
Regional Outlook and Trend Analysis
North America drove global poultry diagnostic market with over 35.0% share in 2016. This can be credited to their enhanced infrastructure in regard to animal health, vast distribution network, existence of multinational players and rising awareness amongst farmers boost the development of this segment.
The leading players in the market are Bioneer, BioGenetics, Thermo Fisher Scientific, BioChek, ID Vet, FinTech, Idexx Laboratories, MEGACOR Diagnostik GmbH, Qiagen and Zoetis. The market is united in nature with major players accounting for a significant share. There are various local manufacturers present in this space. Organizations are expanding geographic presence with online and offline offers of poultry diagnostic products.
The Poultry Diagnostics Market is segmented as follows-
By Test Type:
By Disease Type:
Infectious Bursal Disease
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?