South & Central America Bovine Diagnostics Market Forecast to 2030

South & Central America Bovine Diagnostics Market Forecast to 2030

South & Central America Bovine Diagnostics Market Forecast to 2030 – Regional Analysis – by Product [Immunoassay Kits, PCR Reagents & Kits, Hemagglutination Inhibition (HI) Assay, and Other Products], Disease Type [Bovine Viral Diarrhea (BVD), Bovine Tuberculosis (TB), Bovine Mastitis, Foot and Mouth Disease (FMD), and Other Disease Type], and End User (Veterinary Hospitals, Veterinary Clinics, and Other End-Users)

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Description

The South & Central America bovine diagnostics market is expected to grow from US$ 114.01 million in 2022 to US$ 179.57 million by 2030. It is estimated to grow at a CAGR of 5.8% from 2022 to 2030.

High Prevalence and Economic Impact of Bovine Mastitis Fuels South & Central America Bovine Diagnostics Market

Bovine mastitis is a global concern that incurs huge economic losses to the global agriculture sector. Mastitis results in lowered milk production in affected animals and causes continuous veterinary expenses, resulting in reduced profitability for dairy farmers. According to the estimates published by Thermo Fisher Scientific in July 2022, the total annual cost to the global dairy industry caused by mastitis is between US$ 19.7 billion to US$ 32 billion.

According to the study “Global and countrywide prevalence of subclinical and clinical mastitis in dairy cattle and buffaloes by systematic review and meta-analysis,” published in April 2021, the global pooled prevalence of subclinical mastitis (SCM) and clinical mastitis (CM) were 42% and 15%, respectively, during 2011–2019. The prevalence of mastitis is expected to increase due to the prolonged history of the disease in the dairy industry. The facts and data from across the world indicate the high prevalence of clinical mastitis, which triggers the demand for bovine diagnostics. Moreover, surveillance programs and good management systems introduced by governments in different countries support the bovine diagnostics market.

South & Central America Bovine Diagnostics Market Overview

The bovine diagnostics market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The market growth in this region is mainly driven by the factors such as advancements in bovine diagnostics tools and technologies, increasing incidences of foot and mouth diseases and bTB, and a rise in bovine diagnostics to enhance the quality of food products containing bovine meat. Brazil counts for the largest share of the bovine diagnostic market in South & Central America. Brazil is the world’s leading livestock country, with the largest number of cattle grown. The growth of the world’s population and improvements in living standards boost the demand for meat across the world. Therefore, the demand for healthy meats results in the growth of the bovine diagnostics market in Brazil. Technological progress in diagnostics has enabled the diagnosis and phylogenetic analysis of bovine leukemia virus (BLV). The BLV infection in dairy cattle was evident in Maranhão, Northeastern Brazil, and for the first time in 2022, phylogenetic inferences showed genotype 6 in this region. This genotype is related to gene sequences previously identified in samples from central–western and southeastern Brazil. Thus, the development efforts for BLV and EBL diagnosis were initiated in 2022, which has fueled progress in leukemia treatment options for the cases of infections that are in an early stage. Enzootic bovine leukosis (EBL) is a chronic viral disease widely distributed in cattle herds and may take several years to manifest clinical signs. Thus, to prevent the epidemic in cattle, the diagnosis would allow veterinary health authorities and animal farmers to take preliminary actions.

South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Bovine Diagnostics Market Segmentation

The South & Central America bovine diagnostics market is segmented into product, disease type, end user, and country.

Based on product, the South & Central America bovine diagnostics market is segmented into immunoassay kits, PCR reagents & kits, hemagglutination inhibition (HI) assay, and other products. The immunoassay kits segment held the largest share of the South & Central America bovine diagnostics market in 2022.

Based on disease type, the South & Central America bovine diagnostics market is segmented into bovine viral diarrhea (BVD), bovine tuberculosis (TB), bovine mastitis, foot and mouth disease (FMD), and other disease types. The bovine mastitis segment held the largest share of the South & Central America bovine diagnostics market in 2022.

Based on end user, the South & Central America bovine diagnostics market is segmented into veterinary hospitals, veterinary clinics, and other end-users. The veterinary hospitals segment held the largest share of the South & Central America bovine diagnostics market in 2022.

Based on country, the South & Central America bovine diagnostics market is segmented int o Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America bovine diagnostics market in 2022.

Idexx Laboratories Inc, bioMerieux SA, Innovative Diagnostics SAS, Neogen Corp, and Thermo Fisher Scientific Inc are some of the leading companies operating in the South & Central America bovine diagnostics market.

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At 5.8% CAGR, the South & Central America Bovine Diagnostics Market is speculated to be worth US$ 179.57 million by 2030, says The Research Team

According to The Research Team’ research, the South & Central America bovine diagnostics market was valued at US$ 114.01 million in 2022 and is expected to reach US$ 179.57 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. High prevalence and economic impact of bovine mastitis and integration of data analytics and artificial intelligence (AI) are among the critical factors attributed to the South & Central America bovine diagnostics market expansion.

The integration of data analytics and AI in bovine diagnostics is revolutionizing the cattle industry. AI algorithms, coupled with extensive data analytics, enable sophisticated analysis of large datasets obtained from various sources in cattle farming. These technologies facilitate predictive modeling, disease trend analysis, and identification of health patterns, offering valuable insights into herd health.

Machine learning algorithms enable processing vast amounts of information, such as genetic data, historical health records, and environmental factors, to predict disease outbreaks, detect anomalies, and recommend optimal treatment strategies. Moreover, AI-driven diagnostic tools continuously learn and refine their accuracy, enhancing their ability to predict and prevent diseases in cattle populations.

By harnessing the power of AI and data analytics, veterinarians and livestock managers gain a deeper understanding of cattle health trends, enabling proactive measures to maintain herd health, improve breeding programs, and optimize overall farm productivity while ensuring animal welfare.

On the contrary, lack of skilled professionals in veterinary research hampers the South & Central America bovine diagnostics market.

Based on product, the South & Central America bovine diagnostics market is segmented into immunoassay kits, PCR reagents & kits, hemagglutination inhibition (HI) assay, and other products. The immunoassay kits segment held 46.8% share of South & Central America bovine diagnostics market in 2022, amassing US$ 53.35 million. It is projected to garner US$ 88.78 million by 2030 to expand at 6.6% CAGR during 2022–2030.

Based on disease type, the South & Central America bovine diagnostics market is segmented into bovine viral diarrhea (BVD), bovine tuberculosis (TB), bovine mastitis, foot and mouth disease (FMD), and other disease types. The bovine mastitis segment held 34.8% share of South & Central America bovine diagnostics market in 2022, amassing US$ 39.66 million. It is projected to garner US$ 66.54 million by 2030 to expand at 6.7% CAGR during 2022–2030.

Based on end user, the South & Central America bovine diagnostics market is segmented into veterinary hospitals, veterinary clinics, and other end-users. The veterinary hospitals segment held 49.8% share of South & Central America bovine diagnostics market in 2022, amassing US$ 56.79 million. It is projected to garner US$ 93.16 million by 2030 to expand at 6.4% CAGR during 2022–2030.

Based on country, the South & Central America bovine diagnostics market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 63.8% share of South & Central America bovine diagnostics market in 2022. It was assessed at US$ 72.72 million in 2022 and is likely to hit US$ 120.16 million by 2030, exhibiting a CAGR of 6.5% during 2022–2030.

Key players operating in the South & Central America bovine diagnostics market are Idexx Laboratories Inc, bioMerieux SA, Innovative Diagnostics SAS, Neogen Corp, and Thermo Fisher Scientific Inc, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America Bovine Diagnostics Market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America Bovine Diagnostics Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Bovine Diagnostics Market – Key Industry Dynamics
4.1 Key Market Drivers:
4.1.1 High Prevalence and Economic Impact of Bovine Mastitis
4.1.2 Increasing Number of Product Launches
4.2 Key Market Restraints:
4.2.1 Lack of Skilled Professionals in Veterinary Research
4.3 Key Market Opportunities:
4.3.1 High Prevalence of Bovine Tuberculosis
4.4 Future Trends
4.4.1 Integration of Data Analytics and Artificial Intelligence (AI)
4.5 Impact Analysis:
5. Bovine Diagnostics Market – South & Central America Market Analysis
5.1 South & Central America Bovine Diagnostics Market Revenue (US$ Mn), 2022 – 2030
6. South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 – by Product
6.1 Overview
6.2 South & Central America Bovine Diagnostics Market Revenue Share, by Product 2022 & 2030 (%)
6.3 Immunoassay Kits
6.3.1 Overview
6.3.2 Immunoassay Kits: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
6.4 PCR Kits
6.4.1 Overview
6.4.2 PCR Kits: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Hemagglutination Inhibition (HI) Assay
6.5.1 Overview
6.5.2 Hemagglutination Inhibition (HI) Assay: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
6.6 Other Products
6.6.1 Overview
6.6.2 Other Products: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 – by Disease Type
7.1 Overview
7.2 South & Central America Bovine Diagnostics Market Revenue Share, by Disease Type 2022 & 2030 (%)
7.3 Bovine Viral Diarrhea (BVD)
7.3.1 Overview
7.3.2 Bovine Viral Diarrhea (BVD): South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Bovine Tuberculosis (TB)
7.4.1 Overview
7.4.2 Bovine Tuberculosis (TB): South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Bovine Mastitis
7.5.1 Overview
7.5.2 Bovine Mastitis: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Foot and Mouth Disease (FMD)
7.6.1 Overview
7.6.2 Foot and Mouth Disease (FMD): South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
7.7 Other Disease Types
7.7.1 Overview
7.7.2 Other Disease Types: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 – by End User
8.1 Overview
8.2 South & Central America Bovine Diagnostics Market Revenue Share, by end user 2022 & 2030 (%)
8.3 Veterinary Hospitals
8.3.1 Overview
8.3.2 Veterinary Hospitals: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Veterinary Clinics
8.4.1 Overview
8.4.2 Veterinary Clinics: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Other End-Users
8.5.1 Overview
8.5.2 Other End-Users: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Bovine Diagnostics Market – Country Analysis
9.1 South & Central America Bovine Diagnostics Market, Revenue and Forecast to 2030
9.1.1 Overview
9.1.1.1 South & Central America Bovine Diagnostics Market, by Country
9.1.1.2 Brazil
9.1.1.2.1 Overview
9.1.1.2.2 Brazil: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.2.3 Brazil: South & Central America Bovine Diagnostics Market, by Product
9.1.1.2.4 Brazil: South & Central America Bovine Diagnostics Market, by Disease Type
9.1.1.2.5 Brazil: South & Central America Bovine Diagnostics Market, by End User
9.1.1.3 Argentina
9.1.1.3.1 Overview
9.1.1.3.2 Argentina: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.3.3 Argentina: South & Central America Bovine Diagnostics Market, by Product
9.1.1.3.4 Argentina: South & Central America Bovine Diagnostics Market, by Disease Type
9.1.1.3.5 Argentina: South & Central America Bovine Diagnostics Market, by End User
9.1.1.4 Rest of South & Central America
9.1.1.4.1 Overview
9.1.1.4.2 Rest of South & Central America: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.4.3 Rest of South & Central America: South & Central America Bovine Diagnostics Market, by Product
9.1.1.4.4 Rest of South & Central America: South & Central America Bovine Diagnostics Market, by Disease Type
9.1.1.4.5 Rest of South & Central America: South & Central America Bovine Diagnostics Market, by End User
10. Bovine Diagnostics Market – Industry Landscape
10.1 Overview
10.2 Growth Strategies
10.2.1 Overview
11. Company Profiles
11.1 Idexx Laboratories Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Thermo Fisher Scientific Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Innovative Diagnostics SAS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Neogen Corp
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 bioMerieux SA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About Us
12.2 Glossary of Terms

LIST OF TABLES

Table 1. South & Central America Bovine Diagnostics Market Segmentation
Table 2. Brazil: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn) – Product
Table 3. Brazil: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn) – Disease Type
Table 4. Brazil: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 5. Argentina: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn) – Product
Table 6. Argentina: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn) – Disease Type
Table 7. Argentina: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 8. Rest of South & Central America: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn) – Product
Table 9. Rest of South & Central America: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn) – Disease Type
Table 10. Rest of South & Central America: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 11. Recent Growth Strategies in Bovine Diagnostics Market
Table 12. Glossary of Terms, South & Central America Bovine Diagnostics Market

LIST OF FIGURES

Figure 1. South & Central America Bovine Diagnostics Market Segmentation, By Country
Figure 2. Key Insights
Figure 3. Market Attractiveness
Figure 4. South & Central America Bovine Diagnostics Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Bovine Diagnostics Market Revenue (US$ Mn), 2022 – 2030
Figure 7. South & Central America Bovine Diagnostics Market Revenue Share, by Product 2022 & 2030 (%)
Figure 8. Immunoassay Kits: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. PCR Kits: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Hemagglutination Inhibition (HI) Assay: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Other Products: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. South & Central America Bovine Diagnostics Market Revenue Share, by Disease Type 2022 & 2030 (%)
Figure 13. Bovine Viral Diarrhea (BVD): South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Bovine Tuberculosis (TB): South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Bovine Mastitis: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Foot and Mouth Disease (FMD): South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Other Disease Types: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. South & Central America Bovine Diagnostics Market Revenue Share, by end user 2022 & 2030 (%)
Figure 19. Veterinary Hospitals: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Veterinary Clinics: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Other End-Users: South & Central America Bovine Diagnostics Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. South & Central America Bovine Diagnostics Market, By Geography, 2022 ($Mn)
Figure 23. South & Central America Bovine Diagnostics Market, By Key Countries, 2022 And 2030 (%)
Figure 24. Brazil: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn)
Figure 25. Argentina: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn)
Figure 26. Rest of South & Central America: South & Central America Bovine Diagnostics Market Revenue and Forecast to 2030 (US$ Mn)

The List of Companies – South & Central America Bovine Diagnostics Market

o Idexx Laboratories Inc
o bioMerieux SA
o Innovative Diagnostics SAS
o Neogen Corp
o Thermo Fisher Scientific Inc

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