Poultry Diagnostics Market Pegged for Robust Expansion During 2025


Posted December 27, 2019 by DatabridgeMR

Poultry Diagnostics Market Pegged for Robust Expansion During 2025

 
Global Poultry Diagnostics Market, By Test (Polymerase Chain Reaction Tests, Enzyme Linked Sorbent Assay), Disease (Avian Influenza, Avian Mycoplasmosis, Avian Salmonellosis, Avian Pasteurellosis, Chicken Anemia, Avian Reovirus, Newcastle Disease, Infectious Bronchitis, Infectious Bursal Disease, Avian Encephalomyelitis), Service (Bacteriology, Parasitology, Virology), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)- Industry Trends and Forecast to 2025 Global Poultry Diagnostics Market is expected to reach USD 731.25 million by 2025 from USD 335.14 million in 2017, at a CAGR of 10.5% in the forecast period 2018 to 2025.Rising incidence of disease in poultry, and increased demand for poultry-derived food products are expected to drive the market. On the other hand high cost involved in poultry production may hinder the growth of the global poultry diagnostics market.

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Market Segmentation: Global Poultry Diagnostics Market
The global poultry diagnostics market is segmented based on test into three notable segments as enzyme linked sorbent assay (ELISA), polymerase chain reaction (PCR) tests and others. In 2018, enzyme linked sorbent assay (ELISA) market is likely to dominate market with 51.4% shares and is estimated to reach USD 390.11 million by 2025. It is growing at the highest CAGR of 11.1% in the forecast period.
The global poultry diagnostics market is segmented based on disease into eleven notable segments; avian influenza, avian salmonellosis, newcastle disease, avian mycoplasmosis, infectious bronchitis, infectious bursal disease, avian pasteurellosis, avian encephalomyelitis, avian reovirus, chicken anemia and others. In 2018, avian influenza market is likely to dominate market with 27.1% shares and is estimated to reach USD 218.45 million by 2025. It is growing at the highest CAGR of 12.0% in the forecast period.
The global poultry diagnostics market is segmented based on service into three notable segments; bacteriology, parasitology and virology. In 2018, bacteriology market is likely to dominate market with 61.3% shares and is estimated to reach USD 446.61 million by 2025. It is growing at a CAGR of 10.4% in the forecast period.
Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East & Africa. In 2018, North America is expected to account for the largest share of 40.6% for this market, followed by Europe.

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Key Drivers: Global Poultry Diagnostics Market 

Rising incidence of disease in poultry, and increased demand for poultry-derived food products are expected to drive the market. On the other hand high cost involved in poultry production may hinder the growth of the global poultry diagnostics market.

Key Points: Global Poultry Diagnostics Market 

In 2017, the global poultry diagnostics market is dominated by IDEXX Laboratories, Inc. with market share of 30.4%, followed by Zoetis 25.8%, Thermo Fisher Scientific Inc. 23.3% and QIAGEN 7.4%.

Enzyme linked sorbent assay (ELISA), is dominating the global poultry diagnostic market.
The avian influenza segment is expected to grow with the highest CAGR of 12.0% in the forecast period 2018 to 2025.

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Issued By DBMR
Country India
Categories Blogging
Tags Poultry Diagnostics Market
Last Updated December 27, 2019
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