The Swine Diagnostics market size is projected to reach US$ 385.39 billion by 2030 from US$ 194.15 billion in 2022. The market is expected to register a CAGR of 8.9% during 2022–2030. The rising R&D Activities to Create Novel Pharmaceuticals are likely to remain a key trend in the market.
Swine diagnosis involves understanding the cause of a swine disease. Many swine diseases and conditions have multiple factors, so there may be one or several bacteria and/or viruses involved, as well as factors related to the living conditions of the pigs, such as environmental, nutritional, and management factors. The mounting demand for pork and pork products and the increasing prevalence of swine diseases increase the demand for swine diagnostics. However, the high costs involved in pork health maintenance hinder market growth.
According to the Agricultural 2018–2027 report by the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO), a few of the main contributors to global meat production include the US, China, India, Mexico, the Russian Federation, Argentina, and Turkey. The People's Republic of China is the major meat producer in the world. According to Our World in Data 2021 statistics, ~352.13 million tons of meat was produced worldwide in 2021. The swine diagnostics market is expected to benefit from the growing demand for pork worldwide. As per the European Commission, Europe is the world's second-largest pork producer (after China), and it is the biggest exporter of pork and pork products. For high-quality meat, animals must be inspected on a regular basis. The expanding consumption of pork and pork products increases the demand for the swine diagnostic testing market.
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Swine Diagnostics Market: Strategic Insights
As per this article published by the Food and Agriculture Organization (FAO) of the United Nations in July 2023, African swine fever (ASF) is a growing disease that affects pigs with 100% fatality rate in Asia & Pacific. According to the World Organization for Animal Health (WOAH), in 2021, more than 100 million cases of swine diseases were reported worldwide. African swine fever, porcine reproductive and respiratory syndrome (PRRS), swine influenza and enzootic pneumonia of pigs were the most common diseases in pigs. Additionally, in the US, according to the Office International des Epizooties (OIE), an estimated 70% of pig herds are infected with Porcine reproductive and respiratory syndrome. The disease is also common in other parts of the world, including Europe, Asia, and South America. Thus, the increasing prevalence of various swine diseases boosts the swine diagnostic market worldwide.
In December 2020, the Animal and Plant Health Inspection Service (APHIS) of the United States Department of Agriculture (USDA) granted US$ 14.4 million to 76 projects from the National Animal Health Laboratory Network (NAHLN), focused on enhancing the early diagnosis of animal diseases and improving emergency response abilities of veterinary diagnostic laboratories. The projects also focus on the improvement of ASF and classical swine fever diagnostic testing.
Key segments that contributed to the derivation of the swine diagnostics market analysis are product, end user, and distribution channel.
The geographic scope of the Swine Diagnostics market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Asia Pacific is expected to grow with the highest CAGR in the coming years.
The Swine Diagnostics market in North America is analyzed based on the three major countries: the US, Canada, and Mexico. The US is projected to have the largest share of the North America swine diagnostics market in 2022. The growth of the market in the country is attributed to the increasing investments by government and private companies to develop new diagnostics tests for ASF and the high demand for diagnostics kits for swine diseases. In February 2023, the Animal and Plant Health Inspection Service (APHIS) of the USDA purchased ASF and foot-and-mouth disease (FMD) diagnostic test kits for the National Animal Vaccine and Veterinary Countermeasures Bank (NAVVCB). Therefore, such actions by the US government to procure diagnostics kits in large volumes support the swine diagnostics market growth.
The regional trends and factors influencing the Swine Diagnostics Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Swine Diagnostics Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 194.15 Billion |
| Market Size by 2030 | US$ 385.39 Billion |
| Global CAGR (2022 - 2030) | 8.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Swine Diagnostics Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Swine Diagnostics Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
TheSwine Diagnostics market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes essential corporate publications, association data, and databases. A few of the developments in the Swine Diagnostics market are listed below:
The “Swine Diagnostics Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - Swine Diagnostics Market
The swine diagnostics market is anticipated to grow at a CAGR of 8.9% during 2022-2030.
North America dominated the swine diagnostics market in 2022.
Factors including the mounting demand for pork and pork products and the increasing prevalence of swine diseases are the driving factors for the swine diagnostics market growth.
Rising R&D activities to create novel pharmaceuticals are future trends in the market.
BioCheck BV, Idexx Laboratories Inc, Thermo Fisher Scientific Inc, Zoetis Inc, INDICAL BIOSCIENCE GmbH, Ring Biotechnology Co Ltd, Innovative Diagnostics SAS, Neogen Corp., SAN Group GmbH, Bionote Inc are some leading players operating in the Swine Diagnostics market.
The Swine Diagnostics market is estimated to reach US$ 385.39 billion by 2030.