Latin America Poultry Diagnostics Market is poised to reach USD 57.45 million by 2021

(EMAILWIRE.COM, September 07, 2017 ) The Latin America Poultry Diagnostics Market was worth $34.36 million in 2016 and estimated to be growing at a CAGR of 10.83%, to reach $57.45 million by 2021. Increasing disease outbreaks and growing awareness among the individuals regarding the diseases has stimulated the growth of market.

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There are many diseases that can be transmitted to the poultry via direct contact, unhygienic handling and environments, or due to contaminated feed or water. Most of these diseases are caused by viruses or parasites. Most of these diseases are zoonotic which pass from one species to another. Poultry Diagnostics provides kits to detect these diseases and treat them preventing the spreading of dieseases.

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Factors like increasing incidence of zoonotic diseases associated with poultry, growing awareness regarding animal health are responsible for the growth of market in addition to growing consumer awareness regarding food safety. Growing livestock population every day, increasing consumption of poultry products, their derivatives, meat, increasing animal healthcare expenditure in developed and emerging regions also boost the market. Conversely, disputes regarding trades in poultry industry, expensive production, increasing feed costs and lack of awareness regarding health of animals in some regions may restrict the growth of market.

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The Latin America market for Poultry Diagnostics is segmented based on Test Type, Disease Type and Services. Based on Test Type – Enzyme-Linked Immunosorbent Assay (ELISA), Polymerase Chain Reaction (PCR). Based on Disease Type - Avian Salmonellosis, Avian Influenza, Newcastle Disease, Avian Mycoplasmosis, Infectious Bronchitis, Infectious Bursal Disease, Avian Pasteurellosis, Avian Encephalomyeilitis, Avian Reovirus, Chicken Anaemia. Based on Services - Virology, Bacteriology and Parasitology. Based on Geographical analysis the market is separated into regions of Brazil, Argentina, Mexico and Rest of Latin America. Brazil is leading the market while Argentina is at second place. Argentina is expected to grow the fastest due to huge poultry population in this region, growing demand for poultry derived products, and increasing awareness regarding animal health. Bacteriology segment holds the major share in the market in terms of service due to regular bacterial testing on poultry to prevent the spread of zoonotic diseases like salmonellosis, pasteurellosis and mycoplasmosis. ELISA Test is the most widespread one in terms of test type.

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Some of the key players dominating this market include IDEXX Laboratories, QIAGEN, Thermo Fisher Scientific, Zoetis, GD Animal Health, IDVet, AffiniTech, AgroBioTek Internacional, BioNote, BioChek, Boehringer Ingelheim, MEGACOR Diagnostik GmbH, and BioinGentech Biotechnologies.


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