Brazil Bovine Tuberculosis Diagnosis Market Size & Outlook
Brazil bovine tuberculosis diagnosis market, 2018-2030 (US$M)
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Brazil bovine tuberculosis diagnosis market highlights
- The Brazil bovine tuberculosis diagnosis market generated a revenue of USD 41.3 million in 2022 and is expected to reach USD 56.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4% from 2023 to 2030.
- In terms of segment, traditional tests was the largest revenue generating test type in 2022.
- Molecular Diagnostic Tests is the most lucrative test type segment registering the fastest growth during the forecast period.
Bovine tuberculosis diagnosis market data book summary
| Market revenue in 2022 | USD 41.3 million |
| Market revenue in 2030 | USD 56.7 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Traditional tests |
| Fastest growing segment | Molecular Diagnostic Tests |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serological Tests, Molecular Diagnostic Tests, Traditional Tests |
| Key market players worldwide | IDEXX Laboratories Inc, Zoetis Inc Class A, Thermo Fisher Scientific Inc, Asure Software Inc, Bio-Rad Laboratories Inc, BioNote, Enfer Medical, IDvet, PBD Biotech |
Other key industry trends
- In terms of revenue, Brazil accounted for 5.7% of the global bovine tuberculosis diagnosis market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bovine tuberculosis diagnosis market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 40.7 million by 2030.
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Bovine Tuberculosis Diagnosis Market Scope
Bovine Tuberculosis Diagnosis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil bovine tuberculosis diagnosis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bovine tuberculosis diagnosis market will help companies and investors design strategic landscapes.
Traditional tests was the largest segment with a revenue share of 59.32% in 2022. Horizon Databook has segmented the Brazil bovine tuberculosis diagnosis market based on serological tests, molecular diagnostic tests, traditional tests covering the revenue growth of each sub-segment from 2018 to 2030.
The rising adoption of advanced genetic technologies & TB diagnostic kits for large scale production & quality breeds and increasing awareness about bTB among veterinarians & breeders are driving the bTB market in Brazil. The growth of the population drives notable growth in demand for food, causing concerns about animal protein production to feed the growing population.
According to an article published by NCBI, U.S. National Library of Medicine, in 2017, the number of bovine slaughters in Brazil was estimated to be around 39.2 million, with a production of 9.71 million tons approximately, accounting for 14.4% of global meat production.
Increasing demand for Angus in Brazil is swiftly driving market growth. According to the United States Department of Agriculture, Brazil has the world’s largest commercial cattle herd, with approximately 238 million head, 43% dairy, and 57% beef cattle in 2020.
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Our clientele includes a mix of bovine tuberculosis diagnosis market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil bovine tuberculosis diagnosis market , including forecasts for subscribers. This country databook contains high-level insights into Brazil bovine tuberculosis diagnosis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil bovine tuberculosis diagnosis market size, by test type, 2018-2030 (US$M)
Brazil Bovine Tuberculosis Diagnosis Market Outlook Share, 2022 & 2030 (US$M)
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