Aquaculture Pharmaceuticals Market: Global Market Estimation, Dynamics, Regional

Posted by saikrishna on May 30th, 2018

Aquaculture Pharmaceuticals Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Global Aquaculture Pharmaceuticals Market: By Product type (Biologics, Parasiticides, Anti-infectives, Reproduction, and Others), Species (Carps, Salmon, Tilapia, Shrimp, Catfish, Trout, and Others) and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Aquaculture Pharmaceuticals Market Report Description:

Aquaculture Pharmaceuticals market report gives comprehensive outlook on aquaculture pharmaceuticals across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on aquaculture pharmaceuticals market gives historical, current, and future market sizes (US$ Mn) of stimulation system, disease indication, charging system, end-user, and geographic regions. This report studies aquaculture pharmaceuticals market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Aquaculture Pharmaceuticals market report includes recent product launches, regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analysed aquaculture pharmaceuticals market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the aquaculture pharmaceuticals market report include suppliers, manufacturers, marketers, policy makers engaged in manufacturing and supply of aquaculture pharmaceuticals.

Aquaculture Pharmaceuticals Market:

The Aquaculture pharmaceuticals market was valued at US$ 459.2 Mn in 2016 and poised to grow at CAGR 7.4%. over 2017-2023

 A sample of this report is available upon request @

https://www.precisionbusinessinsights.com/market-reports/aquaculture-pharmaceuticals-market/#ulp-4H8Z4LpNMLEuOnnx

Lack of generic drugs and increase in farmed fish production makes aquaculture pharmaceuticals more lucrative

Pharmaceuticals plays a pivotal role in aquaculture to prevent and treat aquatic animals from various microbial infections. Companies are betting heavily on research and development programs to develop novel drugs that can treat new infections in aquatic animals. For instance, in 2015, PHARMAQ, a part of Zoetis, Inc., invested in to produce fish vaccines in new facility at Klofta. Furthermore, lack of generic drugs to compete with inventor drugs makes more lucrative for the aquaculture pharmaceuticals manufacturers. In addition, global increase in farmed fish production than the wild catch are projected to boost aquaculture pharmaceuticals market over the forecast period. According to Food and Agriculture Organisation of the United Nations (FAO) estimates, the farmed fish production increased by 5.6% from 66.5 Mn tonnes (2013) to 70.2 Mn tonnes (2013).

Outbreak of new microbial infections effect the aquaculture pharmaceuticals

Aquaculture industry suffered from many microbial outbreaks that resulted death of many aquatic animals. Lack of drugs/vaccines to new diseases are projected to hamper the growth of the aquaculture pharmaceuticals. Furthermore, antibiotic resistance to the aquatic animals is one of the factors that restraining the growth of aquaculture pharmaceuticals market.

Asia-Pacific accounts for larger market revenue share in global aquaculture pharmaceuticals market

Asia-Pacific market dominates the aquaculture pharmaceuticals owing to increase in aquaculture production. As per the Food and Agriculture Organisation of the United Nations (FAO) estimates, China is the largest contributor for aquaculture production. It accounts more than 70% of the world’s total production. India, Vietnam, Thailand and Other ASEAN countries are also responsible for the growth of aquaculture pharmaceuticals market in Asia-Pacific region. In Europe, Norway is the key market for the aquaculture pharmaceuticals market.