Fish Vaccine Insights 2023: Trends, Drivers, and Opportunities
The market is driven by increasing development and launch of new aquaculture vaccines for varieties of fishes in market which provide an opportunity to key players to innovate new products. Besides increasing aquaculture production across the globe due to increasing population and consumption of fishes and fish farming is fueling the demand .Also, rising adoption of aquaculture vaccines over antibiotics is boosting growth of the market. Surging prevalence of bacterial and viral infections for fish is also fueling the growth of the market.
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FISH VACCINE MARKET SEGMENTAL OVERVIEW
The fish vaccine market is segmented based on vaccine type, application, species, route of administration, distribution channel and geography.
FISH VACCINE MARKET BY VACCINE TYPE
The fish vaccine is accessible in market according to different types including inactivated vaccine, attenuated vaccine, toxoid vaccine, subunit vaccine and conjugate vaccine. Inactivated vaccine is majorly used in fish to protect against infectious disease and viral, bacterial infection. Also, it also stimulate proper health and protection from diseases. Further these vaccine are easily accessible in market which increases the demand of the segment thereby driving the market growth.
FISH VACCINE MARKET BY APPLICATION
The fish vaccine market finds its application in bacterial infection, viral infection. Viral is likely to have major growth in the market of fish vaccine. This infection mainly affects and causes certain disease in fishes which is driving the growth of segment in fish vaccine market.
FISH VACCINE MARKET BY SPECIES
Based on species the fish vaccine is present for salmon, seabass, tilapia and pangasius. Salmon is projected to lead in the market.
FISH VACCINE MARKET BY ROUTE OF ADMINISTRATION
The fish vaccine can be given by different route of administration like injection delivery system, immersion delivery system, and oral delivery system. Injection delivery system is projected to dominate in fish vaccine market. The growth is due to sterility maintenance while administrating in fish. Besides Injection delivery system can be done precisely in fish fueling the fish vaccine market growth.
FISH VACCINE MARKET BY DISTRIBUTION CHANNEL
The fish vaccine market has its sale through different distribution channel like veterinary pharmacies, veterinary clinics. Veterinary pharmacies is expected to lead in fish vaccine market owing to precise and proper brand vaccine sale in the market.
FISH VACCINE MARKET BY GEOGRAPHY
Geographically fish vaccine market is studied for the following region North America, Europe, Asia Pacific and RoW. North America is anticipated to dominate in the fish vaccine market thereby holding significant share of market. The increasing activity of aquaculture, fish farming in the region is propelling the demand of the market. Besides increasing awareness for vaccine and growing research and development in the region is further boosting the growth of the market. Whereas Asia Pacific is projected to witness highest growth during forecast period owing to emerging economy, increasing population consuming fish, fish products. Also, Europe is likely to have significant growth during the forecast period.
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FISH VACCINE MARKET KEY PLAYER
The key players in fish vaccine market are AquaTactics Fish Health, CZ Vaccines, Hipra, Ictyogroup, Lumic A/S, Marrinovak Ltd, Merck & Co. Inc. (Intervet International B.V.), Microsynbiotix, MSD Animal Health, Nisseiken Co., Ltd., Pfizer Inc (PharmaQ), Syndel USA, Tecnovax, Veterquimica SA, Virbac and Zoetis Inc. among others.
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