Recent Research: Commercial Aquaculture Vaccines Market Is Expected To Grow At A CAGR Of 6.7% By 2020-2030

The healthcare vertical is on the verge of shifting point-of-care services to a wider constellation of settings, inclusive of the patients’ own homes. This has, in turn, given rise to value-based payment methodologies. With far-flung patients getting an access to high-speed internet, digital care is becoming the cornerstone. On these grounds, One Medical, an IPO backed by Google, is turning out to be a benchmark with regards to digital-first primary care, wherein concierge service is offered on payment of annual fee.

This digitization is expected to empower the healthcare vertical across all the geographies in the near future. Persistence Market Research has its prodigal team in the form of consultants and analysts to keep a tab on the latest happenings in the healthcare vertical along with the probable calls to action.

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An increase in global consumption and production of aquatic species exhibits exponential growth potential for the commercial aquaculture vaccines market. Additionally, increased prevalence of bacterial and zoonotic infections among aquaculture species has been observed, which has widened market opportunities.

The COVID-19 pandemic has changed animal healthcare priorities and spending, but this is considered to be a short-term negative impact on the vaccines market. Disruptions in supply chain across the global fish aquaculture industry and rising awareness of animal to human pathogen transmission risks are expected to slow down the market in the short term.

Companies covered in Commercial Aquaculture Vaccines Market Report

• Merck & Co. Inc.
• Novartis Pharmaceuticals Canada inc
• HIPRA
• Elanco
• AQUATRECK ANIMAL HEALTH S.L.
• MSD Animal Health
• Zoetis LLC
• Centrovet Laboratories inc.
• Intervet-International BV

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Overall, the global commercial aquaculture vaccines market is projected to expand at a healthy CAGR of close to 7% through 2030.

Key Takeaways from Commercial Aquaculture Vaccines Market Study

• Based on vaccine type, inactivated vaccines are the most profitable segment leading the market, and are expected to gain more than 70% of market revenue share over the forecast period.
• Among all the pathogens, bacteria widely dominates (over 70%) due to high prevalence of bacterial infections among aquaculture.
• Salmon is a widely dominating species in the market, due to rising production of the fish in leading developed countries, accounting for more than 55% of market share value.
• The intraperitoneal route of administration is most preferred, due to high immune response elicitation of fish, and low stress and post-vaccination side effects.
• Among the different end-users, fish farming companies will hold more than 80% of revenue share over the forecast period.
• Europe is the largest market for commercial aquaculture vaccines, with Norway holding close to half of the share in this regional market.
• Growth of the market is pegged at just 2.2% in 2021, but over the long term through 2030, it will get back to its normal growth trajectory of close to 7% CAGR.

“Increasing awareness of animal food pathogen transmission risks and rising prevalence of zoonotic infections are expected to boost demand for commercial aquaculture vaccines market,” says an analyst of Persistence Market Research

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Trends in Commercial Aquaculture Vaccines Market

The manual vaccination process led to various adverse effects with high costs, owing to the lack of highly skilled and large number workforce needed, significant handling stress, and risk of post-vaccination infections. Thus, increased shift toward automated vaccination technology is expected to boost the commercial aquaculture vaccines market growth. For instance, Aqualife developed an automated Incubot 2, a mobile platform that would offer automated vaccination to smaller fish farms.

Rising demand for insurance in matured markets is an upcoming trend. Favourable insurance policies is an emerging trend to sustain the commercial aquaculture vaccines market across the globe. Introduction of third-party payers has supported the aquaculture sector globally, leading to a build-up of new sales channels for aquaculture vaccines.

For instance, according to the Food and Agriculture Organization of U. N., around 83 percent of fishers purchase insurance coverage for fish aquaculture farming.

Expansion of Manufacturing Capabilities & New Product Launches – Key Strategies for Market Players

Key players in the commercial aquaculture vaccines market are focussing on expanding their manufacturing capabilities to meet the unmet demand of commercial aquaculture vaccines. Given the consolidation in the market, top players are focusing on acquisitions at regional levels. The trend is being observed across various emerging regions.

• For instance, in June 2020, Elanco received European Commission approval for the acquisition of Bayer Animal Health (US $ 5.17 Bn deal), and become the world’s second-largest animal health company. The combined business is expected to strengthen and accelerate the company’s innovation, portfolio, and product strategy.

What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the commercial aquaculture vaccines market in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020 – 2030, based on vaccine type, (DNA, subunit, attenuated, and inactivate), pathogen (bacteria and virus), species (carp, turbot, salmon, tilapia, trout, sea bass, bream, and others), based on route of administration (intramuscular, intraperitoneal, immersion, and oral), and end user (fish farming companies, fish veterinary clinics, and aquatic research institute), across seven key regions.