Swine Diagnostics Market Size, Share, Growth Factors, Competitive Landscape, with Regional Forecast to 2030

The swine diagnostics market was valued at US$ 194.15 million in 2022 and is projected to reach a value of US$ 385.39 million by 2030; it is anticipated to record a CAGR of 8.9% from 2022 to 2030.

The swine diagnostics market is significantly growing due to the increasing incidences of swine diseases. Major diseases such as African swine fever (ASF), Influenza A virus in Swine (IAV-S), porcine epidemic diarrhea, and swine dysentery have led to increasing diagnostics. These diseases have increased concerns among government authorities and pig farmers. However, the swine diseases have offered growth opportunities for companies to design, develop, and commercialize swine diagnostics products and promote optimum swine health.

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Key Players Analysis:
• BioCheck BV
• Idexx Laboratories Inc
• Thermo Fisher Scientific Inc
• Zoetis Inc
• Neogen Corp
• INDICAL BIOSCIENCE GmbH
• Ring Biotechnology Co Ltd
• Innovative Diagnostics SAS
• SAN Group GmbH

Regional Analysis:

Based on geography, the swine diagnostics market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America is the largest contributor to the growth of the market, and Asia Pacific is expected to be the fastest-growing market during the forecast period. The US accounts for the largest share of the market in North America. The swine diagnostics market in Canada and Mexico is anticipated to grow at fast CAGRs during the forecast period. The market growth in North America is attributed to the increasing investments in preventive measures for African swine fever (ASF), encouragement by governments to develop new diagnostics tests, and high demand for diagnostics kits for swine diseases. The swine diagnostics market growth in Asia Pacific is attributed to the growing incidences of ASF and foot-and-mouth disease (FMD), favorable initiatives by governments, and the launch of innovative technologies to manage the risk of viral infections in animals.

Segmental Analysis:

Based on product type, the swine diagnostics market is segmented into into immunoassay kits, PCR kits, hemagglutination inhibition (HI), and others. The immunoassay kits segment held the largest market share in 2022, and the same segment is anticipated to register the highest CAGR during 2022-2030. An immunoassay kit includes immunological proteins and antibodies to detect molecules of interest, such as bacterial and viral antigens, hormones, or antibodies. Antigens are molecules against which the body produces an immune response. Enzyme-linked immunosorbent assay (ELISA) kits are bench-top setups used in laboratories, clinical settings, and the veterinary industry. Immunoassays can aid in biomedical research in pigs or a porcine system. These ready-to-use kits generally include all reagents required to complete a given ELISA experiment, including replicates. The immunoassay kits are used for diagnosing swine influenza virus (SIV), African swine fever virus (ASFV), etc. Ring Biotechnology Co Ltd offers a rapid test kit to detect SIV antigens in swine nasal swabs and an ELISA kit (ASFV Ag ELISA Kit) to detect ASFV antigens in serum/blood/plasma samples. These GMP-certified kits provide results in 70 minutes with 95% sensitivity and 100% specificity. The increasing use of immunoassay kits for various clinical diagnoses, with the easy availability of test reagents and consumables, propels the swine diagnostics market for immunoassay kits.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Swine Diagnostics Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Swine Diagnostics Market by each region is later sub-segmented by respective countries and segments.

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This release was published on openPR.