PUBLISHER: The Business Research Company | PRODUCT CODE: 1713497
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713497
Aquatic veterinary medicine is a specialized field that focuses on the health care, diagnosis, treatment, and prevention of diseases in aquatic animals, including fish, crustaceans, and mollusks. This field addresses health issues specific to aquatic species, such as infections, parasites, and environmental stresses.
The primary aspect of aquatic veterinary medicine involves diagnostics and treatments. This encompasses the tools and methods used to identify and manage diseases and health problems in aquatic animals. The species treated include fish, crustaceans, and mollusks, with diseases caused by bacteria, viruses, parasites, and other agents. Treatments are administered through methods such as water medication and medicated feed. Distribution channels for these veterinary services and products include distributors, online stores, retail outlets, and other avenues.
The aquatic veterinary market research report is one of a series of new reports from The Business Research Company that provides aquatic veterinary market statistics, including aquatic veterinary industry global market size, regional shares, competitors with a aquatic veterinary market share, detailed aquatic veterinary market segments, market trends and opportunities, and any further data you may need to thrive in the aquatic veterinary industry. This aquatic veterinary market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aquatic veterinary market size has grown steadily in recent years. It will grow from $1.49 billion in 2024 to $1.56 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to increasing awareness of aquatic animal health, growing demand for seafood, regulatory changes in aquatic animal health, rising prevalence of aquatic diseases, improvements in diagnostic tools, and the expansion of global aquaculture.
The aquatic veterinary market size is expected to see steady growth in the next few years. It will grow to $1.86 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to emerging technologies in diagnostics and treatment, rising consumer demand for sustainable seafood, expanding aquaculture industries in developing regions, increasing investment in research and development, regulatory advancements for aquatic health, and growing concerns over aquatic species conservation. Major trends in the forecast period include the rise of personalized medicine for aquatic species, increasing adoption of telemedicine and remote diagnostics, advancements in biotechnology and genomics, growth in integrated pest management strategies, enhanced focus on aquatic species conservation and welfare, and expansion of veterinary services.
The growth of the aquaculture industry is expected to drive the expansion of the aquatic veterinary market. Aquaculture involves the farming and cultivation of aquatic species, including fish, shellfish, algae, and other marine and freshwater organisms. This industry is expanding due to rising global demand for seafood, the need to reduce pressure on wild fish populations, and efforts to enhance food security. Aquatic veterinary services play a crucial role in supporting aquaculture by ensuring the health of farmed species, managing diseases, and improving farming practices. For example, the Statistics Department of Agriculture, Fisheries, and Forestry (DAFF) in Australia reported in January 2024 that aquaculture production reached approximately 128,835 metric tons in 2021-22, accounting for 42% of the total volume of Australian fisheries and aquaculture output. This growth in aquaculture is fueling the demand for aquatic veterinary services.
Key players in the aquatic veterinary market are focusing on developing internet-based training modules to enhance veterinary care and operational efficiency. These training modules provide structured education and resources on specific topics, available in both online and offline formats. For instance, in November 2023, Merck Animal Health, a US-based pharmaceutical company, introduced AQUA CARE365, an internet-based educational program offering interactive modules, expert insights, and practical tools to help veterinary professionals improve their knowledge and skills in aquatic animal care. This program aims to elevate the quality of veterinary practices and patient outcomes.
In July 2024, MSD Animal Health, a US-based bioscience company, acquired an aquatic business portfolio from Elanco Animal Health Incorporated for an undisclosed sum. This acquisition is a strategic move for MSD Animal Health to broaden its product range and influence within the aquaculture sector, supporting its goal of enhancing global animal health and welfare. Elanco Animal Health Incorporated is a US-based provider specializing in aquatic veterinary care.
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
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.
The countries covered in the aquatic veterinary market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The aquatic veterinary market consists of revenues earned by entities by providing services such as training and education, veterinary research and development, aquaculture management consulting, water quality management, and emergency care services. The market value includes the value of related goods sold by the service provider or included within the service offering. The aquatic veterinary market also includes sales of medications and drugs, diagnostic kits, medical devices, and water treatment products. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aquatic Veterinary Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aquatic veterinary market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aquatic veterinary ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aquatic veterinary market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.