The Livestock Diagnostics Market is expected to reach $2.02 Billion by 2028, growing at a CAGR of 8.2% during the forecast period (2021-2028). The increasing prevalence of various foodborne and zoonotic diseases, rising demand for livestock-derived food products, favorable government initiatives, and technological advancements in livestock diagnostics are the key factors driving steady growth in the global livestock diagnostics market.
COVID-19 Impact Assessment
The COVID-19 pandemic impacted various industries, and authorities took preventative measures to control the spread of the virus. The implementation of lockdowns, travel restrictions, and closing down of meat-producing plants negatively affected the supply chain of the meat products. Many processing plants were shut down as they were identified as major outbreak spots for COVID-19 infections due to workers working near each other.
In 2020, U.S. Centers for Disease Control and Prevention (CDC) surveyed COVID-19 cases among workers in 115 meat processing facilities across the 19 states in the U.S. The CDC found that among 130,000 workers at these facilities, there were 4,913 confirmed cases of COVID-19 and 20 deaths. For instance, according to the U.S. Department of Agriculture (USDA), global merchandise trade fell 14% in the second quarter of 2020 compared to the same time in 2019. This reduced the demand for U.S. meat products. In addition to that, in July 2020, the U.S. export of beef was reduced by 8% compared to 2019. This negative impact on animal-derived products is likely to negatively impact the livestock diagnostics market.
SARS-CoV-2 infections have been reported in a small number of livestock animals worldwide, mostly in animals that had close contact with a sick person with COVID-19. Many research projects are underway to develop innovative products for the early diagnosis of COVID-19 infection in animals. Thus, the upcoming years would provide rapid development of diagnostic products against COVID-19, thereby driving the market growth.
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Increasing Prevalence of Foodborne and Zoonotic Diseases
Animals can sometimes appear healthy even when carrying germs that can make people sick, depending on the zoonotic disease. As animals also provide us food for consumption, foodborne zoonotic diseases are caused by consuming food or water contaminated by pathogenic microorganisms. Many of these microorganisms are commonly found in the intestines of healthy food-producing animals, which are then transferred to humans.
According to WHO, an estimated 600 million i.e., almost 1 in 10 people worldwide, fall ill every year from consuming contaminated food. Children under five years of age are at high risk of carrying foodborne diseases, with 1,25,000 children dying from foodborne diseases every year globally. Diarrheal diseases are the most common illnesses resulting from the consumption of contaminated food, causing 550 million people to fall ill and 2,30,000 deaths every year. According to the Centers for Disease Control (CDC), in 2020, nearly 18,462 foodborne disease infections were seen in the U.S., which included 4,788 hospitalizations and 118 deaths
To prevent these foodborne diseases, livestock diagnostic technologies are expected to play a crucial role by helping identify or early cause of disease, thereby providing proper treatment. Also, diagnostics technologies help in the timely monitoring of farm animals for diseases.
Favorable Government Initiatives
Infectious diseases cause loss of production capacity in livestock animals. Therefore, governments across the globe are heavily focusing on increasing awareness about these diseases by undertaking initiatives related to diagnosis. Also, governments are working with domestic and international partners to promote animal health products. These initiatives help educate decision-makers, regulatory agencies, reference laboratories, and other end-users regarding the importance of livestock diagnosis.
Some of the notable government initiatives undertaken with regards to livestock diagnosis include:
- In December 2020, the U.S. Department of Agriculture (USDA) Animal and Plant Health Inspection Service (APHIS) awarded $14.4 million to 76 projects. This funding will help enhance the early detection of animal diseases and improve emergency response capabilities at National Animal Health Laboratory Network (NAHLN) veterinary diagnostic laboratories. The projects include improving diagnostic testing for African swine fever, classical swine fever, foot-and-mouth disease, and avian influenza.
- To the International Atomic Energy Agency (IAEA) COVID-19 response launch, the Zoonotic Disease Integrated Action (ZODIAC) initiative was established in June 2020 to help countries prevent pandemics caused by bacteria parasites, fungi, or viruses that originate in animals and can be transmitted to humans. ZODIAC established a global network to help national laboratories monitor, surveillance, early detection, and control animal and zoonotic diseases such as COVID-19, Ebola, avian influenza, and Zika.
- In April 2019, the British Horse Society (BHS) and the University of Nottingham (UK) launched the Colic Awareness Week to recognize the earlier signs of colic.
Key Findings in the Global Livestock Diagnostics Market Study:
The consumable segment is estimated to register the fastest growth in the livestock diagnostics market by 2028
The growth in this segment is majorly attributed to the growing demand for consumables with rising livestock diagnostic tests volume and the commercial availability of a diverse range of reagents and consumables for various diseases. Apart from this, rising animal health screening initiatives, growing awareness regarding regular animal health check-ups leading to the frequent use of consumables, and the emergence of various POC tests and assays support growth in this segment.
The immunodiagnostics segment to dominate the livestock diagnostics market in 2021
The growth of the immunodiagnostics segment is attributed to the growing adoption of diagnostic products based on immunodiagnostic technology and advanced diagnostic immunoassay tests. Further, a higher preference for immunodiagnostics tests by veterinary practitioners owing to its high accuracy standards, increasing usage of miniaturized devices, and rising trend of automation in immunoassay instruments are contributing to the largest share of the segment.
The swine segment to register the fastest CAGR during the forecast period
The factors contributing to the growth are increasing demand for pork, rising incidence of swine infections, development of schemes & campaigns to prevent zoonotic diseases, and funding for swine research.
Asia-Pacific: Fastest-growing regional market
In 2021, North America is estimated to command the largest share of the global livestock diagnostics market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia-Pacific will be the fastest-growing regional market due to the large population of livestock animals, rising incidence of various zoonotic diseases, and focus on adopting new technologies in animal healthcare.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments that market participants adopted over the past four years. The key players profiled in the global livestock diagnostics market report are IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux S.A. (France), INDICAL BIOSCIENCE GmbH (Germany), Agrolabo SpA (Italy), Neogen Corporation (U.S.), IDvet (France), GD Animal Health (Netherlands), BioChek B.V. (Netherlands), and VMRD, Inc. (U.S.).
Scope of the Report:
Livestock Diagnostics Market, by Product
- Consumables
- Bovine Viral Diarrhea (BVD)
- Influenza
- Foot and Mouth Disease (FMD)
- Bluetongue (BTV)
- Bovine Tuberculosis (TB)
- Bovine Herpes Virus (BHV)
- Porcine Reproductive and Respiratory Syndrome (PRRS)
- Newcastle Disease
- Avian Mycoplasma
- Other Diseases
(Note: Other diseases include infectious bronchitis virus, pneumonia, Mycoplasmosis, bovine spongiform encephalopathy, anemia, Johne’s Disease, Equine Piroplasmosis)
- Systems
- Software
Livestock Diagnostics Market, by Technology
- Immunodiagnostics
- Molecular Diagnostics
- Other Technologies
(Note: Other technologies include microbiology, hematology, urinalysis, clinical biochemistry, histopathology tests, and rapid immune migration tests)
Livestock Diagnostics Market, by Animal Type
- Ruminants
- Swine
- Poultry
- Other Animals
(Note: Other animals include equine and fish)
Livestock Diagnostics Market, by End User
- Reference Laboratories
- Diagnostic Hospitals & Clinics
- Point-Of-Care Testing
Livestock Diagnostics Market, by Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
Key questions answered in the report: