Global Aquatic Veterinary Market
Healthcare Services

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What Industry-Specific Factors Are Fueling the Growth of theAquatic Veterinary Market?

Growth in the aquatic veterinary market is predicted to be spurred by the expansion of the aquaculture industry. The term ‘aquaculture industry’ signifies the farming and breeding of aquatic life species, which includes fish, shellfish, algae, and various marine and freshwater creatures. This industry is currently growing due to the escalating demand for seafood globally, the necessity to ease the strain on wild fish populations, and the goal to strengthen food security. Aquatic veterinary services bolster the aquaculture industry by ensuring the well-being of farm-bred species, supervising diseases, and improving farming practices. In particular, based on data from the Statistics Department of Agriculture, Fisheries, and Forestry (DAFF), a government agency in Australia, in January 2024, it was reported that the total aquaculture production during 2021-22 was approximately 128,835 metric tons. This figure now accounts for 42% of the total volume of Australian fisheries and aquaculture production. Consequently, the surge in the aquaculture industry is fueling the growth of the aquatic veterinary market.

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#What Long-Term Growth Rate is Expected for theAquatic Veterinary Market Between 2025 and 2034?

The size of the aquatic veterinary market has been on an upward trajectory in the past few years. This market is forecasted to expand from $1.49 billion in 2024 to $1.56 billion in 2025, representing a compound annual growth rate (CAGR) of 4.9%. The historic period’s growth can be credited to factors such as heightened consciousness about the health of aquatic animals, increased seafood demand, adjustments in regulations governing aquatic animal health, a higher incidence of aquatic ailments, advancements in diagnostic instruments, and the worldwide growth of aquaculture.

In the forthcoming years, the aquatic veterinary market size is projected to experience consistent growth, reaching $1.86 billion in 2029 with a compound annual growth rate (CAGR) of 4.5%. The expansion during the prediction period can be credited to the development of novel diagnostic and treatment technologies, increased customer demand for sustainable seafood, the growth of aquaculture sectors in developing regions, a rise in research and development investment, advancements in aquatic health regulations, and heightened concerns about aquatic species preservation. The key trends expected to be seen during this period include the surge in personalized medicine for aquatic species, growing incorporation of telemedicine and remote diagnostics, progress in biotechnology and genomics, escalation in integrated pest management tactics, increased pursuit of aquatic species conservation and welfare, and the growth of veterinary services.

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What Key Market Trends and Innovations Are Shaping the Future of theAquatic Veterinary Industry?

Leading businesses in the aquatic veterinary market are introducing web-based modules such as educational resource tools to boost care quality and augment veterinary practice efficiency. These educational resource modules are meticulously arranged educational parts created to offer organized teaching and learning resources on particular skills or topics. They are effectively utilized in both virtual and physical formats to enable effective professional advancement and training. For example, in November 2023, a pharmaceutical firm based in the United States, known as Merck Animal Health, rolled out AQUA CARE365. This is a web-based educational course and training resource offering veterinary professionals a plethora of interactive modules, expert perspectives, and useful tools to increase their understanding and competence in aquatic animal healthcare. The ultimate aim is to enhance the overall standards of veterinary practice and patient results.

Which Companies Are Leading the Charge in Expanding theAquatic Veterinary Market Growth?

Major companies operating in the aquatic veterinary market are Thermo Fisher Scientific Inc., Merck KGaA, Zoetis Inc., IDEXX BioAnalytics, Alltech Inc., National Oceanic and Atmospheric Administration (NOAA), Wildlife Conservation Society, California Department of Fish and Wildlife, Phibro Animal Health Corporation, Georgia Aquarium, World Aquatic Veterinary Medical Association, AquaGen, AquaBioTech Group, The Marine Conservation Society (MCS), Dolphin Research Center, Aquasol Corporation, Aquatic Animal Health Laboratory (AAHL), Aquatic Diagnostic Services International (ADSI), Aquatic Veterinary services, Florida Fish and Wildlife Conservation Commission

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How is the Global Aquatic Veterinary Market Segemented?

The aquatic veterinary market covered in this report is segmented –

1) By Type: Diagnostics And Treatments

2) By Species: Fish, Crustaceans, Mollusca, Other Species

3) By Disease Source: Bacteria, Viruses, Parasites, Other Disease Sources

4) By Route Of Administration: Water Medication, Medicated Feed, Other Routes Of Administration

5) By Distribution Channel: Distributor, Online Stores, Retail, Others Distribution Channels

Subsegments:

1) By Diagnostics: Diagnostic Imaging, PCR Testing, Blood and Tissue Analysis, Microbial Testing, Rapid Diagnostic Tests (RDTs), Histopathology, Genetic Testing

2) By Treatments: Vaccines For Aquatic Animals, Antimicrobial and Antifungal Treatments, Parasitic Treatments, Pain Management Medications, Antibiotics For Aquatic Animals, Anti-Inflammatory Treatments, Probiotics And Nutraceuticals, Surgical Interventions

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Which Geographics are Influencing the Growth of the Aquatic Veterinary Market?

North America was the largest region in the aquatic veterinary market in 2024. The regions covered in the aquatic veterinary market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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