Market Size of Poultry Diagnostics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 10.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Poultry Diagnostics Market Analysis
The rise in demand for poultry-derived products, globally, is a major growth driver for the poultry diagnostics market. According to the data published by the United Nations Food and Agriculture Organization (UNFAO), the Asia region has produced the highest number of eggs followed by the America region during the year 2017. This rising demand for poultry-derived products has thus increased the adoption of various diagnostic equipment, which would, in turn, propel the growth of the market, over the forecast period.
Other factors, such as increasing initiatives by the government of, and animal welfare associations in, different countries; the rising occurrence of zoonotic diseases; and increasing avian diseases are also expected to drive the growth of the market, over the forecast period.