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Emerging Trends Influencing The Growth Of The Poultry Healthcare Market:Poultry Healthcare Leaders Are Introducing Vaccine Portfolio
The Poultry Healthcare Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Poultry Healthcare Market Size Expected to Be by 2034?
There's been a quick expansion in the poultry healthcare market dimension over the past few years. The projection suggests that from $8.44 billion in 2024, it will climb to $9.31 billion in 2025, marking a compound annual growth rate (CAGR) of 10.2%. The substantial rise during the historic period can be linked with factors such as disease epidemics, an uptick in poultry production, wider globalization of poultry commerce, and adherence to regulatory mandates.
Expectations for the poultry healthcare market forecast show a swift escalation in size over the upcoming years with projections reaching $13.64 billion by 2029, climbing at a compound annual growth rate (CAGR) of 10.0%. The anticipated expansion over the forecast period is likely due to a boost in worldwide poultry consumption, an emphasis on preventive healthcare, environmental issues, the inclusion of digital innovations, consumer knowledge and need. Leading trends over the forecast period encompass technology integration, biosecurity safeguards, personalized nutrition plans, international cooperation on disease monitoring, digital health documentation, and market consolidation.
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What Are the Emerging Segments Within the Poultry Healthcare Market?
The poultry healthcare market covered in this report is segmented -
1) By Product: Vaccines, Parasiticides, Anti Infectives, Medical Feed Additives
2) By Test: ELISA, PCR, Molecular Diagnostic test, Laboratory Test
3) By Application: Farm, House
Subsegments:
1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Recombinant Vaccines
2) By Parasiticides: Endoparasiticides, Ectoparasiticides, Broad-Spectrum Parasiticides
3) By Anti-Infectives: Antibiotics, Antifungals, Antivirals
4) By Medical Feed Additives: Antibiotic Growth Promoters (AGPs), Probiotics, Prebiotics, Nutritional Supplements
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What Long-Term Drivers Are Shaping Poultry Healthcare Market Trends?
The escalating instances of sickness occurrences in poultry are anticipated to drive the expansion of the poultry healthcare market. The United States Department of Agriculture (Animals and Plants Inspection Service), a federal establishment in the US, indicates that the outbreak of highly pathogenic avian influenza (HPAI) in FY (2022-2023) is the most considerable and extended HPAI outbreak in the US history. The initial instance of highly pathogenic avian influenza (HPAI) during the 2022-2023 outbreak was identified in February 2022. By August 2023, the National Veterinary Services Laboratory (NVSL) had validated 839 instances, impacting nearly 58.8 million birds. Hence, the escalating instances of disease outbreaks are fostering the growth of the poultry healthcare market.
Who Are the Top Competitors in Key Poultry Healthcare Market Segments?
Major companies operating in the poultry healthcare market include Ceva Polchem Pvt. Ltd., Zoetis Inc., Venky's Ltd., Phibro Animal Health Corporation, Merck & Co Inc., C. H. Boehringer Sohn AG & Co. KG, Hester Biosciences Limited, Romvac Company S. A., Bayer AG, Indovax Pvt. Ltd., Affini Technology Limited, Bimeda Inc., IndexxLaboratories Inc., BioChek B. V., BioinGentech, MEGACOR Handel mit Medizintechnik u Diagnostika GmbH, Thermo Fisher Scientific Inc., Provet Pharma Private Limited, Anitox Corp., Aviagen Inc., Cobb-Vantress Inc., Hendrix Genetics BV, Hubbard LLC, Hy-Line International, Novogen, Lohmann Tierzucht, Romer Labs Pte Ltd.
What Poultry Healthcare Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the poultry healthcare market are developing innovative vaccines like the INNOVAX-ILT-IBD vaccine to bolster protection against numerous diseases, elevate flock health, and boost effectiveness in poultry production. For instance, in June 2023, MSD Animal Health, an American Veterinary Pharmaceuticals and Animal Health sector, introduced the INNOVAX-ILT-IBD vaccine. This ground-breaking vaccine aims to safeguard poultry from three major diseases: infectious laryngotracheitis (ILT), infectious bursal disease (IBD), and Marek's disease (MD) with just a single dose. This innovation signifies a significant progression in poultry healthcare, delivering extensive protection against numerous viral threats.
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Which Regions Are Becoming Hubs for Poultry Healthcare Market Innovation?
North America was the largest region in the poultry healthcare market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the poultry healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Poultry Healthcare Market?
2. What is the CAGR expected in the Poultry Healthcare Market?
3. What Are the Key Innovations Transforming the Poultry Healthcare Industry?
4. Which Region Is Leading the Poultry Healthcare Market?
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