Poultry Diagnostics Market Is Predicted To Grow At A 9.6% CAGR from 2014 to 2025: Grand View Research, Inc.
The global poultry diagnostics market is expected to reach
USD 771.4 million by 2025, growing at a CAGR of 9.6%, according to a new report
by Grand View Research, Inc. 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 and erosive
diseases such as Avian Influenza, Newcastle disease, and other respiratory
infections, the farmers are now opting for a preventive diagnosis. These
flock-infections 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.
Technological advancements in
animal health are the key driver and is expected to serve as future growth
opportunities. The advent of efficient animal owner’s mobile technology,
information management systems and vaccine banks are the key advancements. The
rising number of government initiatives to promote animal health products is
presumed to drive the overall market growth during the forecast period.
For instance, the World
Organization for Animal Health (OIE) International Standards, a part of World
Trade Organization (WTO) framework, issues guidelines to improve animal health
and promote international animal products trade. The measures facilitate early
detection, control, and reporting of pathogenic agents and prevent their
transmission by rejecting of products which are not matching the standards.
U.S.
poultry diagnostics market, by test types, 2014 - 2025 (USD Billion)
Browse full research
report on Poultry Diagnostics Market: http://www.grandviewresearch.com/industry-analysis/poultry-diagnostics-market
Further Key Findings From the Study Suggest:
The ELISA tests contributed to 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.
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 few
of the key players in poultry diagnostics market.
New product developments, collaborations, regional expansion, and mergers
are key strategic initiatives undertaken.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-poultry-diagnostics-market
About Grand View Research,
Inc:
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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