Market players are increasingly engaged in the product research to develop and launch enhanced testing tools for accurate and faster results.
The global poultry diagnostics market is anticipated to expand sturdily in the foreseeable future, fueled by high consumption of chicken on a global scale, the subsequent threat of disease transmission, along with investments by governments for food security measures. Furthermore, growingly stringent food safety standards in developed countries will held aid growth in the market.
“Rising number of government initiatives for animal health comprising investments into related health information portals will push the poultry diagnostics market. Gradually safety and strict health laws in the poultry sector, particularly in emerging nations will positively impact the market,” concludes the FMI analyst.
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Key Highlights
- North America is expected to remain lucrative among other regions due to higher consumer awareness and strict food safety laws.
- ELISA tests will lead majority of major market share due to cost efficiency and superior accuracy.
- Virology services will remain as a key contributor to the global market throughout the forecast period.
- Avian influenza disease type will record higher market share due to prevalent incidences in emerging countries.
Drivers
- Extensive use of ELISA tests in the developing regions remains key growth contributors in the global market.
- Growing prevalence of infectious diseases, along with rising anti-biotic resistant microbes threat are augmenting demand in the market.
- Huge popularity of poultry products on a worldwide scale is a significant driver in the market
Restraints
- Lack of awareness concerning animal health might negatively influence the market growth.
- High production cost and feed costs, along with trade disputes in the poultry sector may deter the market growth to a certain extent.
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COVID-19 Impact on the Market
The poultry diagnostics market is projected to severely affected amid the COVID-19 crisis. Though chickens along with other poultry birds are not in danger to the virus, the pandemic is expected to hurt sales, logistics, and consumption of birds. This could be majorly due to strict regulations on the food service businesses. The market will recover sturdily by 2021, as requirement for poultry products picks up.
Competitive Landscape
Major players identified in the global poultry diagnostics market are Agrobiotek Internacional, Affinitech Ltd., Bionote Inc., BioChek, Boehringer Ingelheim GmbH, Bioingentech Biotechnologies Inc., Idexx Laboratories Inc., GD Animal Health, Megacor Diagnostik GmbH, IDVet, Thermo Fisher Scientific Inc., Qiagen N.V., Zoetis Inc. and Bioneer Corp.
Significant strategies by players comprise the product portfolios expansion with increasing investments into research, along with strategic acquisitions and collaborations to consolidate market position.
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About the Study
The study offers readers a comprehensive assessment of the Poultry Diagnostics market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on test type (ELISA test, PCR test, and others), disease type (avian salmonellosis, avian influenza, Newcastle disease, avian mycoplasmosis, avian pasteurellosis, infectious bronchitis, infectious bursal disease, avian encephalomyelitis, avian reovirus, and chicken anemia), and service (bacteriology, virology, and parasitology), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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