Market Definition
Aquaculture healthcare is the medical care and treatment of fish and other aquatic animals in aquaculture settings. This includes both preventive measures to maintain the health of the animals and treatment of sick or injured animals. Aquaculture healthcare is a vital part of ensuring the welfare of the animals and the quality of the products produced. Aquaculture healthcare is a growing field as the aquaculture industry continues to expand.
Market Outlook
The global Aquaculture Healthcare Market was valued at USD 1.3 billion in 2021 and it is anticipated to grow up to USD 1.6 billion by 2031, at a CAGR of 1.8% during the forecast period.
Aquaculture facilities are found in many parts of the world and are an important source of food and income for many people. With the right care, these facilities can provide a safe and healthy environment for the animals and the people who work with them.
Rising demand for fish proteins across the world will boost the aquaculture healthcare market growth
Fish is a good source of protein and micronutrients and is consumed all over the world. For instance, in 2018, according to Food and Agriculture Organization (FAO) of the United Nations, about 88 percent of the 179 million tonnes of total fish production was utilized for direct human consum
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Aquaculture Healthcare Market Segmental Overview
The report analyses the global Aquaculture Healthcare Market based on Product, Species, Infections, Route of Administration, Distribution Channel, and Region
Global Aquaculture Healthcare Market by Product
Based on the product type, the Aquaculture Healthcare industry is bifurcated into drug, vaccine, and Medicated feed additives. Of these, the drug segment registered significant revenue in 2021. Consumers are increasingly relying on tablets, given their cost-effectiveness and high content of active ingredients, among other benefits, such as shelf-stability and ability to retain its potency for a longer period. Meanwhile, the ability of capsules to offer faster relief to symptoms, along with their higher bioavailability, will escalate the consumption of Aquaculture Healthcare in tablet and capsule forms.
Global Aquaculture Healthcare Market by Species
Based on species, market is segmented into Fishes, and Crustaceans. The fishes segment dominated more than 82.4% of the market share in 2021. Owing to the increasing demand for superior fish protein and the considerable expansion of the aquaculture market, there is a massive need for aquaculture healthcare solutions, thereby fuelling the industry progression. Additionally, rising fish farming is one of the major factors contributing to the market value.
.Global Aquaculture Healthcare Market by Infection
Based on applications, the Aquaculture Healthcare industry is categorized Bacterial infections, Viral infections, Parasitic infections, and Fungal infections. The segment bacterial infection accounted for lucrative market share in 2021. Farmed fishes show an increased incidence of bacterial infections in the market. This increased incidence is the result of crowded conditions in fish farms. Furthermore, poor sanitation, poor water quality and nutritional value result in increased susceptibility to bacteria.
Global Aquaculture Healthcare Market by Route of Adminstration
Based on the route of administration, the industry is categorized into Oral, Injectable, and Topical. The injectable segment accounted for 52% of revenue share in 2021 impelled by the effectiveness of injectable therapeutics. Drug diffusion varies due to the irregularity of metabolic processes in fish credited to their poikilothermic nature and poorly vascularized tissues. Injectable products offer direct delivery of antigen into muscle or body cavity, allowing rapid stimulation of immune response.
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Major Players in the Global Aquaculture Healthcare Market
The key players in the market Benchmark Holdings Plc., Alltech, Elanco, Bayer CropScience Limited, Merck & Co. Inc., Virbac S.A., ADM, Pfizer, Inc., AKVA Group, and Apex Frozen Foods Ltd. among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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