The South & Central America swine diagnostics market is expected to grow from US$ 10.21 million in 2022 to US$ 17.59 million by 2030. It is estimated to grow at a CAGR of 7.0% from 2022 to 2030.
Rising R&D Efforts to Create Novel Pharmaceuticals Drive South & Central America Swine Diagnostics Market
Researchers worldwide are focusing on developing potent new therapeutics to treat and prevent swine-related diseases. Further, Zoetis and Colorado State University signed an agreement to establish the Zoetis Incubator Research Lab in January 2020. This agreement paves the path for new immunotherapies that could replace antibiotics used in food-producing animals. Therefore, rising R&D efforts in creating potent novel therapeutics would result in new growth trends in the South & Central America swine diagnostics market in the world.
South & Central America Swine Diagnostics Market Overview
Brazil holds the largest share of the swine diagnostic market in South & Central America. According to the Ministry of Agriculture, Livestock and Food Supply data published in 2021, the country is the fourth-largest pork producer in the world. In addition, the swine industry in Brazil is considered valuable due to the sanitary conditions maintained on farms. As a result of the well-maintained hygiene, the Brazilian swine industry is free from economically critical diseases, such as ASF and the porcine reproductive and respiratory syndrome (PRRS) that are common in many parts of the world. The sanitary conditions are maintained due to the higher extent of diagnostic tests performed on animals, which guarantees lower production costs and allow the country to mark its position in international markets.
In addition, the Official Veterinary Service (SVO), in collaboration with the private sector, has developed Swine Diseases Integrated Surveillance Plan to maintain and improve animal surveillance implementation in Brazil. Such efforts made by the government favor the expansion of the South & Central America swine diagnostics market in Brazil.
South & Central America Swine Diagnostics Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Swine Diagnostics Market Segmentation
The South & Central America swine diagnostics market is segmented into product type, sample type, disease, end user, and country.
Based on product type, the South & Central America swine diagnostics market is segmented into immunoassays kits, PCR kits, hemagglutination inhibition (HI), and others. In 2022, the immunoassays kits segment registered the largest share in the South & Central America swine diagnostics market.
Based on sample type, the South & Central America swine diagnostics market is segmented into blood, oral fluids, nasal swabs, tissue samples, and others. In 2022, the blood segment registered the largest share in the South & Central America swine diagnostics market.
Based on disease, the South & Central America swine diagnostics market is segmented into African swine fever (ASF)/classical swine fever (CSF), respiratory diseases, porcine circovirus, porcine epidemic diarrhea, swine dysentery, and others. In 2022, the African swine fever (ASF)/classical swine fever (CSF) segment registered the largest share in the South & Central America swine diagnostics market.
Based on end user, the South & Central America swine diagnostics market is segmented into veterinary hospitals, veterinary clinics, and other end users. In 2022, the veterinary hospitals segment registered the largest share in the South & Central America swine diagnostics market.
Based on country, the South & Central America swine diagnostics market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2022, Brazil registered the largest share in the South & Central America swine diagnostics market.
BioCheck BV, Bionote Inc, Idexx Laboratories Inc, Innovative Diagnostics SAS, Neogen Corp, Ring Biotechnology Co Ltd, SAN Group GmbH, Thermo Fisher Scientific Inc, and Zoetis Inc are some of the leading companies operating in the South & Central America swine diagnostics market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 10.21 Million |
| Market Size by 2030 | US$ 17.59 Million |
| CAGR (2022 - 2030) | 7.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Product Type
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
|
The South & Central America Swine Diagnostics Market is valued at US$ 10.21 Million in 2022, it is projected to reach US$ 17.59 Million by 2030.
As per our report South & Central America Swine Diagnostics Market, the market size is valued at US$ 10.21 Million in 2022, projecting it to reach US$ 17.59 Million by 2030. This translates to a CAGR of approximately 7.0% during the forecast period.
The South & Central America Swine Diagnostics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Swine Diagnostics Market report:
The South & Central America Swine Diagnostics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Swine Diagnostics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Swine Diagnostics Market value chain can benefit from the information contained in a comprehensive market report.
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