Swine Diagnostics Market Overview, Growth, Trends, Analysis, Research Report (2020-2030)

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 Diagnostics Market Analysis

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.

Swine Diagnostics Market Overview

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

Swine Diagnostics Market

• 
  CAGR (2022 - 2030)

  8.9%
• Market Size 2022
  US$ 194.15 Billion
• Market Size 2030
  US$ 385.39 Billion

Market Dynamics

GROWTH DRIVERS

• Favorable Government Initiatives for Swine Disease Diagnosis

FUTURE TRENDS

• Increasing Prevalence of Swine Diseases

OPPORTUNITIES

• Rising R&D Efforts to Create Novel Pharmaceuticals For Treatment of Swine Diseases

Key Players

• 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

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Product Type

• Immunoassays Kits
• PCR Kits
• Hemagglutination Inhibition
• Others

Sample Type

• Blood
• Oral Fluids
• Nasal Swabs
• Tissue Samples
• Others

Disease

• African Swine Fever/Classical Swine Fever
• Respiratory Diseases
• Porcine Circovirus
• Porcine Epidemic Diarrhea
• Swine Dysentery
• Others

End User

• Veterinary Hospitals
• Veterinary Clinics
• Other End Users

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Swine Diagnostics Market Drivers and Opportunities

Mounting Prevalence of Swine Diseases to Favor Market

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.

Favorable Government Initiatives Brings Growth Opportunities

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.

Swine Diagnostics Market Report Segmentation Analysis

Key segments that contributed to the derivation of the swine diagnostics market analysis are product, end user, and distribution channel.

• The swine diagnostics market is segmented based on product type into immunoassay kits, PCR kits, hemagglutination inhibition, and others. The immunoassay kits segment held a significant share market share in 2022.
• By disease, the market is segmented into African swine fever/classical swine fever, porcine circovirus, porcine epidemic diarrhea, respiratory diseases, swine dysentery, and others. The African swine fever/classical swine fever segment held the largest market share in 2022.
• By sample type, the market is segmented into blood, oral fluids, tissue samples, nasal swabs and others. The blood segment held the largest share of the market in 2022.
• By end users, the market is segmented into veterinary hospitals, veterinary clinics, and other end users. The veterinary hospitals segment held the largest share of the market in 2022.

Swine Diagnostics Market Share Analysis by Geography

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.

Swine Diagnostics Market Report Scope

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Swine Diagnostics Market News and Recent Developments

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:

• Ringbio participated in the (DLP Expo Africa 2023). Ringbio displayed its products and solutions, including a range of rapid test kits for detecting diseases and infections in swine, at the Dairy, Livestock, and Poultry Technology Exhibition Africa 2023, which was held at Kenyatta International Convention Centre, Kenya. (Source: Ringbio, Press Release, June 2023).
• IDEXX Laboratories, Inc. announced the launch of a new rapid digital cytology service, IDEXX Digital Cytology. The rapid digital test and service digitally connects with over 100 veterinary clinics across the world and provides them with cytology interpretations within 2 hours. In addition, company IDEXX’s proprietary VetConnect PLUS software will provide service 24*7. (Source: IDEXX Laboratories, Inc, Press Release, January 2020).

Swine Diagnostics Market Report Coverage and Deliverables

The “Swine Diagnostics Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Swine Diagnostics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Swine Diagnostics market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Swine Diagnostics market analysis covering key market trends, global and regional framework, significant players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Swine Diagnostics market
• Detailed company profiles