Aquaculture Healthcare Market 2021-2027: Global Size, Share, Growth, Trends

Precision Business Insights published a research report on “Aquaculture Healthcare Market: By Product Type (Drugs, Feed Products),By Species (Salmon, Sturgeon, Turbot, Carp, Sea bass, Trout, Others), By Disease Type (Viral Infections, Bacterial Infections, Parasitic Infection, Fungal Infections), By Route of Administration (Oral, Parenteral, Immersion, Spray), By Distribution Channel(Veterinary Hospitals, Veterinary Pharmacies, Online Pharmacies) - Global/Region/Country Forecast to 2027".

Aquaculture, commonly known as fish farming, is the regulated cultivation of aquatic creatures such as fish and crustaceans. Because of the expanding occurrence of numerous infectious illnesses, aquaculture healthcare is becoming more important. This can be related to overcrowding, as well as inadequate diet and water quality. Major players, on the other hand, are working on new vaccinations to combat infectious illnesses.

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Precision farming concepts, which rely on technology such as drones, IoT connection, and autonomous tractors, have gained broad adoption due to the pressing need for novel solutions in food production. Aquaculture is a sister industry that is similarly important for global food security while being less affected by technological advancements. However, the aquaculture industry will benefit from a recent spike in the popularity and adoption of data-driven management systems, which combine data from a variety of sources into a uniform cloud platform and capture the whole dynamics of the aquaculture farm environment in real time. According to the report, restricted ability to harvest additional seafood from seas has prompted the need to increase aquaculture output in order to fulfil increasing demand while also protecting wild fish supplies. In 2018, global aquaculture product sales totaled more than US$ 760 million. Overfishing has put a strain on wild fish stocks, causing aquaculture output to boom in recent years. Concerns about environmental consequences have prompted a movement toward aquaculture's sustainability and long-term viability. The beneficial effects of aquaculture production are not confined to fish, but also include crustaceans, mollusks, and seaweed, in that order. In recent years, the emergence of semi-intensive and intensive farms, as well as professionalization and modernization procedures, have made crustaceans an appealing component of the aquaculture business. According to the report, crustaceans account for over 30% of the aquaculture business, with large changes to farm architecture, water processing ponds, and nurseries made possible by improved data genetics to minimize EMS outbreaks.

The global Aquaculture Market is fragmented based on culture Type, which is further divided into Fresh Water and Marine Water. Based on product type, the global market is divided into Molluscs, Fish, Seaweed, and Crustaceans.

The Asia-Pacific region continues to be a lucrative market for aquaculture, with TMR estimating a market of over US$ 650 million in 2019. Aquaculture farmers in the region are increasingly relying on the popular trend of recirculating aquaculture systems (RAC), which may help reduce pollution and water usage while also minimizing the danger of illnesses caused by water pumped from nearby rivers. To increase yields and improve production dependability, key companies in Asia-Pacific are investing in automation systems, as well as RAS. In the Asia-Pacific aquaculture sector, technology companies are working on facility management systems powered by artificial intelligence, since they have the potential to increase yields for fish and shrimp producers. The aforementioned trends point to the aquaculture industry's ever-increasing environmental footprint in Asia-Pacific, with Greater China and Japan leading the way while accounting for a larger market share. As a result, aquaculture companies have shifted their focus from inland freshwater to offshore, aided by government attempts to combat illicit aquaculture.

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There are some major players working in aquaculture healthcare market, which include Zoetis (Pfizer, Inc.) (U.S.) Archer Daniels Midland Company (U.S.) Virbac S.A. (France) Merck & Co. Inc. (U.S) Bayer Animal Health (Germany) Elanco (U.S.) Alltech (U.S.) Benchmark Holdings Plc. (U.K.)

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