How Will The Poultry Healthcare Market Grow In 2022?

December 15, 2022 by The Business Research Company

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The poultry healthcare market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 10%, as per The Business Research Company’s market report!

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The Poultry Healthcare Market Size In 2022 And Forecast

The global poultry healthcare market is expected to grow from $6.42 billion in 2021 to $6.94 billion in 2022 at a compound annual growth rate (CAGR) of 8.10%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The global poultry healthcare market size is expected to reach $10.26 billion in 2026 at a CAGR of 10.26%.

The poultry healthcare market consists of sales of poultry healthcare services by entities (organizations, sole traders, and partnerships) that provide healthcare solutions for poultry.

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Increase In The Prevalence Of Disease Outbreaks In Poultry Animals Is Driving The Growth Of The Poultry Healthcare Market

According to the World Organization for Animal Health, in November 2021, various subtypes of high pathogenicity avian influenza have been reported by more than 40 countries over the last six months. Since May 1, 2021, outbreaks of high pathogenicity avian influenza (HPAI) have been confirmed in 41 countries in various regions in poultry and wild birds. Approximately 16,000 cases of HPAI in domestic and wild birds were reported in the month of October. Therefore, the increasing prevalence of disease outbreaks is driving the growth of the poultry healthcare market.

Competitive Landscape And The Regional Analysis Of The Poultry Healthcare Market

Major players in the poultry healthcare market are Ceva, Zoetis, Venkys India, Phibro Animal Health Corporation, Merk and Co Inc., Boehringer Ingelheim, Hester Biosciences Limited, ROMVAC COMPANY S.A., Eli Lilly and company, Bayer AG, Merial Animal Health, Indovax, Affini Tech Ltd, Bimeda Inc, and Indexx.

Additionally, as per TBRC’s research – North America was the largest region in the poultry healthcare market in 2021 holding the largest market share and Asia Pacific is expected to be the fastest-growing region in the forecast period.

The Poultry Healthcare Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the poultry healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the poultry healthcare market.

Technological Advancement – A Key Trend In The Poultry Healthcare Market

These technological advancements include innovations in vaccines and other treatments.

Poultry Healthcare Market Segmentation By The Business Research Company

1) By Product: Vaccines, Parasiticides, Anti Infectives, Medical Feed Addictives

2) By Test: ELISA, PCR, Molecular Diagnostic test, Laboratory Test

3) By Application: Farm, House

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