PUBLISHER: The Insight Partners | PRODUCT CODE: 1567779

PUBLISHER: The Insight Partners | PRODUCT CODE: 1567779

North America Aquatic Veterinary Market Forecast to 2030 - Regional Analysis - by Type, Diagnostic, Treatment, Species, Diseases Source, and Route of Administration

PUBLISHED: August 7, 2024

PAGES: 109 Pages

DELIVERY TIME: 1-5 business days

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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.

Product Code: BMIRE00030678

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

Product Code: BMIRE00030678

List Of Tables

Table 1. North America Aquatic Veterinary Market Segmentation
Table 2. North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 3. North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million) - by Species
Table 4. North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million) - by Diseases Source
Table 5. Major Bacterial Diseases in Fish
Table 6. Major Viral Diseases in Fish
Table 7. Major Parasitic Diseases in Fish
Table 8. North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million) - by Route of Administration
Table 9. North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Country
Table 10. US: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Type
Table 11. US: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Diagnostic
Table 12. US: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Treatment
Table 13. US: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Species
Table 14. US: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Diseases Source
Table 15. US: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Route Of Administration
Table 16. Canada: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Type
Table 17. Canada: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Diagnostic
Table 18. Canada: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Treatment
Table 19. Canada: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Species
Table 20. Canada: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Diseases Source
Table 21. Canada: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Route Of Administration
Table 22. Mexico: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Type
Table 23. Mexico: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Diagnostic
Table 24. Mexico: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Treatment
Table 25. Mexico: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Species
Table 26. Mexico: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Diseases Source
Table 27. Mexico: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million) - by Route Of Administration
Table 28. Recent Organic Growth Strategies in North America Aquatic Veterinary Market
Table 29. Recent Inorganic Growth Strategies in the North America Aquatic Veterinary Market
Table 30. Glossary of Terms, North America Aquatic Veterinary Market

List Of Figures

Figure 1. North America Aquatic Veterinary Market Segmentation, by Country
Figure 2. North America PEST Analysis
Figure 3. North America Aquatic Veterinary Market - Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Aquatic Veterinary Market Revenue (US$ Million), 2020-2030
Figure 6. North America Aquatic Veterinary Market Share (%) - by Type (2022 and 2030)
Figure 7. Diagnostic: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. Treatment: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. North America Aquatic Veterinary Market Share (%) - by Species (2022 and 2030)
Figure 10. Fish: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Crustaceans: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Mollusca: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Others: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. North America Aquatic Veterinary Market Share (%) - by Diseases Source (2022 and 2030)
Figure 15. Bacterial: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Viral: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Parasites: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Others: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. North America Aquatic Veterinary Market Share (%) - by Route Of Administration (2022 and 2030)
Figure 20. Water Medication: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. Medicated Feed: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 22. Other Route of Administrations: North America Aquatic Veterinary Market - Revenue and Forecast to 2030 (US$ Million)
Figure 23. North America Aquatic Veterinary Market - Revenue (2022) (US$ Million)
Figure 24. North America Aquatic Veterinary Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 25. US: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million)
Figure 26. Canada: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million)
Figure 27. Mexico: North America Aquatic Veterinary Market - Revenue and Forecast to 2030(US$ Million)
Figure 28. Growth Strategies in Aquatic Veterinary Market

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