The size of the Asia Pacific Poultry Diagnostics Market is estimated to worth USD 117.29 million by 2027 and USD 67.09 million in 2022, growing at a CAGR of 11.82% during the forecast period.
One of the key factors driving the APAC poultry diagnostics market expansion is the emergence of poultry infections like avian influenza. The market of broilers, flakes, ducks, and turkeys is affected by these infectious diseases. Other factors such as increased government and animal welfare activities in this region, the rising prevalence of zoonotic illnesses, and expanding avian diseases are also projected to fuel market expansion during the forecast period. Avian encephalomyelitis, avian influenza, avian tuberculosis, chicken anemia virus infection, chlamydiosis, egg drop syndrome, fowl cholera, fowl pox, infectious bronchitis, infectious bursal disease, infectious coryza, necrotic enteritis, Newcastle disease, and salmonellosis are some of the infectious diseases. As a result, it has been found that the incidence of infectious illnesses is rising, increasing the use of poultry diagnostics over time. The demand for poultry products is a major growth factor for the poultry diagnostics industry. Aside from the large meat industry, broad demand and use for eggs in various industries, such as food and personal care, is projected to have a substantial impact on market growth.
With improved access to treatment and continuous technological advancements, healthcare spending continues to rise considerably. This promises well for the growth of the Asia Pacific Poultry Diagnostics market in the medium to long term. Over the forecast period, the introduction of animal health information portals, particularly in this region, is likely to drive growth. The information generated at veterinary hospitals may be transmitted to the Internet to be shared with other researchers and physicians. The growing prevalence of diseases and stringent food safety regulations and government measures aimed at ensuring food security would provide market participants with lucrative opportunities. Chickens, ducks, turkeys, waterfowl, and other birds are part of the poultry business, which has its own veterinary requirements. Government-sponsored programs to promote various animal health products give farmers information on caring for their animals effectively. In the future years, it is projected to drive market growth.
The lack of awareness among farmers regarding new treatments for poultry infections is expected to hamper the future market growth. Furthermore, the high expenses of poultry production and a lack of knowledge about animal health in some parts of the regions generate several challenges for the industry. In addition, the shortage of qualified professionals and veterinary specialists and the unavailability of portable poultry diagnostic equipment is limiting issues. These issues are likely to hinder the Asia Pacific poultry diagnostics market's growth in the future decade.
This research report on the APAC Poultry Diagnostics Market has been segmented and sub-segmented into the following categories.
By Test Type:
By Disease Type:
Based on the region, the Chinese market leads this regional market while India is in second place. India is expected to grow the fastest due to the huge poultry population in this region, growing demand for poultry-derived products, and increasing awareness regarding animal health. On the other hand, the Asia-Pacific market is expected to develop due to the region's high livestock population, rising demand for poultry-derived food items, rising animal health awareness, and rising per capita animal health spending, particularly in India and China. Furthermore, the rising incidence of avian influenza and Newcastle disease in this region is boosting market expansion. Therefore, over the forecast period, Asia Pacific is expected to grow at a profitable rate. In addition, recent bird flu outbreaks in Southeast Asian countries, a growing economy, and the availability of advanced products in the area are expected to boost the region's growth.
KEY MARKET PLAYERS:
Some of the prominent companies operating the Asia Pacific Poultry Diagnostics Market profiled in the report are idexx Laboratories, QIAGEN, Thermo Fisher Scientific, Zoetis, GD Animal Health, IDVet, AffiniTech, AgroBioTek Internacional, BioNote, BioChek, Boehringer Ingelheim, MEGACORP Diagnostik GmbH, and BioinGentech Biotechnologies.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: email@example.com