북미의 수산용 수의학 시장 예측(-2030년) : 지역 분석 - 유형별, 진단별, 치료별, 종별, 질환원별, 투여 경로별

The North America aquatic veterinary market was valued at US$ 557.03 million in 2022 and is expected to reach US$ 751.98 million by 2030; it is estimated to register a CAGR of 3.8% from 2022 to 2030.

Government Initiatives to Develop Aquaculture Industry Fuel North America Aquatic Veterinary Market

The high demand for seafood and the decreasing annual catch of wild fish are crucial factors that can drive the growth of the aquaculture industry at an exponential rate. Thus, governments are taking initiatives to improve and support the growth of the aquacultural industry. Following are a few recent initiatives:

In February 2021, the Foundation for Food & Agriculture Research (FFAR) raised funds of US$ 790,326 to create a vaccine delivery system to prevent the spread of tilapia lake virus infections and other diseases in the aquaculture sector.

Sea Grant Marine Aquaculture Grant Program: This nationwide competitive grant program, officially known as the "National Marine Aquaculture Initiative (NMAI)," promotes research and demonstration initiatives to advance sustainable marine aquaculture in the US.

In 2022, the USDA National Institute of Food and Agriculture (NIFA) announced a research investment of more than US$ 13 million to investigate new treatments and preventative measures for animal illnesses that cost the global agriculture sector billions of dollars. This included a US$ 625,000 grant to Mississippi State University to assess an antibacterial feed additive that can be used to prevent enteric septicemia in catfish in a secure and useful manner. This study will contribute to developing aquaculture producers' treatment alternatives, improving production efficiency. Thus, an increase in government initiatives to support developments in the aquaculture industry drives the aquatic veterinary market growth.

North America Aquatic Veterinary Market Overview

According to the National Oceanic and Atmospheric Administration, aquaculture generates ~US$ 1.5 billion annually in the US. The World Bank states that the US produced ~448 thousand metric ton of products out of aquaculture. As per the same source, ~5.6 million fishes were produced by the North American aquaculture industry in 2021, of which the US accounted for the production of ~4.7 million, i.e., ~83% of the total regional fish production. According to the Fisheries of the US 2020 report, commercial fishermen in the US landed 8.4 billion pounds valued at US$ 4.7 billion in 2020. Anglers in the country took nearly 200 million trips for recreational fisheries in 2020. These recreational anglers caught approximately 1 billion fish and released 65% of those caught. The overall recreational harvest was estimated at 344 million fish weighing 353 million pounds. Thus, the flourishing aquaculture industry fuels the growth of the North America aquatic veterinary market in the US.

In September 2020, the Virbac Group acquired various tilapia vaccines from Ictyogroup, an animal health company specializing in R&D biology. The group received rights for the distribution and marketing of these registered, autogenous vaccines worldwide. The two companies had a partnership for the development of new formulations and new vaccines for the Aqua Virbac division. The agreement also allowed the transfer of several employees specialized in technical marketing support and R&D biology from Ictyogroup to Virbac.

In July 2020, Zoetis acquired Fish Vet Group from Benchmark Holdings, PLC to make a strategic addition to its pharma business. The pharmaceutical business of Zoetis commercializes and develops fish vaccines and offers vaccination and diagnostic services for aquaculture. The acquisition of Fish Vet Group helped Zoetis enhance its diagnostics expertise and testing services, including environmental testing, that Pharmaq's reference lab. Thus, strategic initiatives by various market players in the US aquaculture industry bolster the North America aquatic veterinary market in the US.

North America Aquatic Veterinary Market Revenue and Forecast to 2030 (US$ Million)

North America Aquatic Veterinary Market Segmentation

The North America aquatic veterinary market is categorized into type, species, diseases source, other route of administration, and country.

Based on type, the North America aquatic veterinary market is bifurcated diagnostic and treatment. The treatment segment held a larger market share in 2022. The diagnostic segment is further sub segmented into serological, molecular, DNA sequencing, and other diagnostics. The treatment segment is further sub segmented into vaccines, medications, and supplements.

By species, the North America aquatic veterinary market is segmented into fish, crustaceans, mollusca, and others. The fish segment held the largest market share in 2022.

Based on diseases source, the North America aquatic veterinary market is segmented into bacterial, viral, parasites, and others. The bacterial segment held the largest market share in 2022.

In terms of route of administration, the North America aquatic veterinary market is segmented into water medication, medicated feed, and other route of administrations. The water medication segment held the largest market share in 2022.

By country, the North America aquatic veterinary market is segmented into the US, Canada, and Mexico. The US dominated the North America aquatic veterinary market share in 2022.

Aquatic Diagnostics Ltd, Ceva Polchem Pvt Ltd, Elanco Animal Health Inc, HIPRA SA, Merck KGaA, Phibro Animal Health Corp, Thermo Fisher Scientific Inc, Virbac SA, and Zoetis Inc are some of the leading companies operating in the North America aquatic veterinary market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights

3. Research Methodology

• 3.1 Coverage
• 3.2 Secondary Research
• 3.3 Primary Research

4. North America Aquatic Veterinary Market Landscape

• 4.1 North America PEST Analysis

5. North America Aquatic Veterinary Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Government Initiatives to Develop Aquaculture Industry
  • 5.1.2 Surging Demand for Aquatic Animal Species for Consumption
• 5.2 Market Restraints
  • 5.2.1 Stringent Regulations for Vaccine Approvals
• 5.3 Market Opportunities
  • 5.3.1 Development of Novel Fish Vaccines
• 5.4 Future Trends
  • 5.4.1 Technological Advancements in Fish Vaccines
• 5.5 Impact of Drivers and Restraints:

6. Aquatic Veterinary Market - North America Market Analysis

• 6.1 North America Aquatic Veterinary Market Revenue (US$ Million), 2020-2030

7. North America Aquatic Veterinary Market Analysis - by Type

• 7.1 Diagnostic
  • 7.1.1 Overview
  • 7.1.2 Diagnostic: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
• 7.2 Treatment
  • 7.2.1 Overview
  • 7.2.2 Treatment: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)

8. North America Aquatic Veterinary Market Analysis - by Species

• 8.1 Fish
  • 8.1.1 Overview
  • 8.1.2 Fish: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
• 8.2 Crustaceans
  • 8.2.1 Overview
  • 8.2.2 Crustaceans: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
• 8.3 Mollusca
  • 8.3.1 Overview
  • 8.3.2 Mollusca: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
• 8.4 Others
  • 8.4.1 Overview
  • 8.4.2 Others: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)

9. North America Aquatic Veterinary Market Analysis - by Diseases Source

• 9.1 Bacterial
  • 9.1.1 Overview
  • 9.1.2 Bacterial: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
• 9.2 Viral
  • 9.2.1 Overview
  • 9.2.2 Viral: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
• 9.3 Parasites
  • 9.3.1 Overview
  • 9.3.2 Parasites: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
• 9.4 Others
  • 9.4.1 Overview
  • 9.4.2 Others: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)

10. North America Aquatic Veterinary Market Analysis - by Route of Administration

• 10.1 Water Medication
  • 10.1.1 Overview
  • 10.1.2 Water Medication: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
• 10.2 Medicated Feed
  • 10.2.1 Overview
  • 10.2.2 Medicated Feed: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
• 10.3 Other Route of Administrations
  • 10.3.1 Overview
  • 10.3.2 Other Route of Administrations: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)

11. North America Aquatic Veterinary Market - Country Analysis

• 11.1 North America
  • 11.1.1 North America Aquatic Veterinary Market - Revenue and Forecast Analysis - by Country
    • 11.1.1.1 North America Aquatic Veterinary Market - Revenue and Forecast Analysis - by Country
    • 11.1.1.1 US
    • 11.1.1.2 US: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
      • 11.1.1.2.1 US: North America Aquatic Veterinary Market Breakdown, by Type
      • 11.1.1.2.1.1 US: North America Aquatic Veterinary Market Breakdown, by Diagnostic
      • 11.1.1.2.1.2 US: North America Aquatic Veterinary Market Breakdown, by Treatment
      • 11.1.1.2.2 US: North America Aquatic Veterinary Market Breakdown, by Species
      • 11.1.1.2.3 US: North America Aquatic Veterinary Market Breakdown, by Diseases Source
      • 11.1.1.2.4 US: North America Aquatic Veterinary Market Breakdown, by Route Of Administration
    • 11.1.1.3 Canada
    • 11.1.1.4 Canada: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
      • 11.1.1.4.1 Canada: North America Aquatic Veterinary Market Breakdown, by Type
      • 11.1.1.4.1.1 Canada: North America Aquatic Veterinary Market Breakdown, by Diagnostic
      • 11.1.1.4.1.2 Canada: North America Aquatic Veterinary Market Breakdown, by Treatment
      • 11.1.1.4.2 Canada: North America Aquatic Veterinary Market Breakdown, by Species
      • 11.1.1.4.3 Canada: North America Aquatic Veterinary Market Breakdown, by Diseases Source
      • 11.1.1.4.4 Canada: North America Aquatic Veterinary Market Breakdown, by Route Of Administration
    • 11.1.1.5 Mexico
    • 11.1.1.6 Mexico: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
      • 11.1.1.6.1 Mexico: North America Aquatic Veterinary Market Breakdown, by Type
      • 11.1.1.6.1.1 Mexico: North America Aquatic Veterinary Market Breakdown, by Diagnostic
      • 11.1.1.6.1.2 Mexico: North America Aquatic Veterinary Market Breakdown, by Treatment
      • 11.1.1.6.2 Mexico: North America Aquatic Veterinary Market Breakdown, by Species
      • 11.1.1.6.3 Mexico: North America Aquatic Veterinary Market Breakdown, by Diseases Source
      • 11.1.1.6.4 Mexico: North America Aquatic Veterinary Market Breakdown, by Route Of Administration

12. Industry Landscape

• 12.1 Overview
• 12.2 Growth Strategies in North America Aquatic Veterinary Market
• 12.3 Organic Growth Strategies
  • 12.3.1 Overview
• 12.4 Inorganic Growth Strategies
  • 12.4.1 Overview

13. Company Profiles

• 13.1 Zoetis Inc
  • 13.1.1 Key Facts
  • 13.1.2 Business Description
  • 13.1.3 Products and Services
  • 13.1.4 Financial Overview
  • 13.1.5 SWOT Analysis
  • 13.1.6 Key Developments
• 13.2 Merck KGaA
  • 13.2.1 Key Facts
  • 13.2.2 Business Description
  • 13.2.3 Products and Services
  • 13.2.4 Financial Overview
  • 13.2.5 SWOT Analysis
  • 13.2.6 Key Developments
• 13.3 HIPRA SA
  • 13.3.1 Key Facts
  • 13.3.2 Business Description
  • 13.3.3 Products and Services
  • 13.3.4 Financial Overview
  • 13.3.5 SWOT Analysis
  • 13.3.6 Key Developments
• 13.4 Ceva Polchem Pvt Ltd
  • 13.4.1 Key Facts
  • 13.4.2 Business Description
  • 13.4.3 Products and Services
  • 13.4.4 Financial Overview
  • 13.4.5 SWOT Analysis
  • 13.4.6 Key Developments
• 13.5 Virbac SA
  • 13.5.1 Key Facts
  • 13.5.2 Business Description
  • 13.5.3 Products and Services
  • 13.5.4 Financial Overview
  • 13.5.5 SWOT Analysis
  • 13.5.6 Key Developments
• 13.6 Elanco Animal Health Inc
  • 13.6.1 Key Facts
  • 13.6.2 Business Description
  • 13.6.3 Products and Services
  • 13.6.4 Financial Overview
  • 13.6.5 SWOT Analysis
  • 13.6.6 Key Developments
• 13.7 Phibro Animal Health Corp
  • 13.7.1 Key Facts
  • 13.7.2 Business Description
  • 13.7.3 Products and Services
  • 13.7.4 Financial Overview
  • 13.7.5 SWOT Analysis
  • 13.7.6 Key Developments
• 13.8 Aquatic Diagnostics Ltd
  • 13.8.1 Key Facts
  • 13.8.2 Business Description
  • 13.8.3 Products and Services
  • 13.8.4 Financial Overview
  • 13.8.5 SWOT Analysis
  • 13.8.6 Key Developments
• 13.9 Thermo Fisher Scientific Inc
  • 13.9.1 Key Facts
  • 13.9.2 Business Description
  • 13.9.3 Products and Services
  • 13.9.4 Financial Overview
  • 13.9.5 SWOT Analysis
  • 13.9.6 Key Developments

14. Appendix

• 14.1 About The Insight Partners
• 14.2 Glossary of Terms