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Phytopathological Disease Diagnostics Market will Account for Around US$ 130 Mn by 2029 | FMI Reports


In view of growing demand from the agriculture industry, the global
phytopathological disease diagnostics market is projected to surpass US$
130 Mn mark by the end of 2029. The market will display a steady rate
of growth during 2019 - 2029, as suggested by a new Future Market
Insights (FMI) study. Phytopathological disease diagnostics are
projected to witness heightened adoption in the agriculture and forestry
industries. This demand growth is attributed to growing need for
superior plant health management and reduced risk of plant related
diseases, concludes the FMI study.

"Increasing prevalence of plant
diseases and rising demand for food due to the surging population are
prominent factors augmenting the growth prospects of the
phytopathological disease diagnostics market," says the FMI analyst.

Key Takeaways of the Phytopathological Disease Diagnostics Study

  • Rising adoption of phytopathological disease diagnostic kits for plant disease detection will be a major source of revenue.
  • Lateral flow devices are set to be a prominent segment, with better accuracy and faster results.
  • Serological tests will be a key segment, with significant availability for test performance in the industry.
  • Europe will hold major a market share, owing to evolution in technology.

Phytopathological Disease Diagnostics Market - Top Growth Drivers

  • Concerns over economic losses arising from plant related diseases would be a major growth driver.
  • Advancements in molecular diagnostics for phytopathogens will bolster overall demand.
  • An upsurge in private investments towards research and development in agriculture is a key driving factor.
  • Rising investments in digitalization will accelerate sales.

Phytopathological Disease Diagnostics Market - Key Restraints

  • Reluctance
    of agriculture businesses towards paying the upfront costs of
    phytopathological disease diagnostics is a key restraint to the market.
  • Conventional
    phytopathological disease diagnostics market players are also being
    restrained by the resistance of microbes to present cures.

Competitive Landscape

Some
of the prominent players that are covered by the study include, but are
not limited to, Thermo Fischer Scientific, Qualiplante, Clear
Detections B.V., Agdia Inc., and Merck KGaA. Leading players in the
field of phytopathological disease diagnostics are investing in product
development and launches to bolster scope of application. Further,
regional manufacturers are pushing for digitalization of their services
to bolster overall demand.

Source Link: https://www.accesswire.com/578792/Food-Security-Concerns-Drive-Phytopathological-Disease-Diagnostics-Demand-Reports-Future-Market-Insights

More About the Report

The
291-page study offers an in-depth market forecast and analysis on the
phytopathological disease diagnostics market. The major categories
encompassed by the report include product type (kits, lateral flow
devices, DNA/RNA probes, accessories and other consumables, and software
and cloud databases), test (molecular tests, serological tests, and
tests using electronic technology), sample (seeds, grains, plants,
trees, fruits, and others), end user (agricultural laboratories,
academic and research institutes, food processing laboratories, contract
research organizations, and others) across seven regions (South Asia,
East Asia, Latin America, Europe, North America, Middle East &
Africa, and Oceania).

Explore Extensive Coverage of FMI's Healthcare, Pharmaceuticals and Medical Devices Landscape

About Future Market Insights (FMI)

Future
Market Insights (FMI) is a leading provider of market intelligence and
consulting services, serving clients in over 150 countries. FMI is
headquartered in London, the global financial capital, and has delivery
centers in U.S. and India. FMI's latest market research reports and
industry analysis helps businesses navigate challenges and take critical
decisions with confidence and clarity amidst breakneck competition.

Contact

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com

SOURCE: Future Market Insights

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