The Fish Skin Disease Market is estimated to be valued at US$ 1.84212 Mn or Million in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: The fish skin disease market involves products such as anti-bacterial and anti-fungal medicines that are used to prevent and treat various skin diseases in fish. Common fish skin diseases include bacterial infections caused by species of Aeromonas, Pseudomonas, and Streptococcus. Viral infections from viruses like epizootic hematopoietic necrosis virus (EHNV) and spring viraemia of carp virus (SVCV) can also cause skin lesions in fish. Anti-bacterial and anti-fungal medicines help control outbreaks of these diseases and reduce mortality in aquafarm facilities. Market Dynamics: The growth of the global aquaculture industry is a major factor driving the fish skin disease market. Rising demand for fish and other seafood products worldwide has increased commercial fish farming practices. However, overcrowded fish farms can increase stress levels in fish and lead to outbreaks of various contagious skin diseases. This is prompting farmers and fish health experts to increasingly rely on preventive medicine products. Additionally, increasing R&D investments by key players to develop novel and customized anti-microbial drugs for more effective disease management in different fish species is also expected to support market growth over the forecast period. Segment Analysis The fish skin disease market is dominated by the freshwater segment, owing to higher prevalence of fungal and bacterial diseases in freshwater fishes. Farming of freshwater fishes is a major source of livelihood for many rural communities, especially in Asia-Pacific. However, pathogens thriving in crowded farming conditions lead to high incidence of skin diseases like epizootic ulcerative syndrome in freshwater species like carp. This has boosted demand for effective treatments in the freshwater segment. PEST Analysis Political: Governments globally are supporting sustainable aquaculture to meet the rising fish demand. They offer subsidies and promote best practices to curb disease outbreaks through regulations. Economic: The growing aquaculture industry is driving demand for cost-effective fish skin disease treatments. As fish farming becomes more intensive to boost yields, disease management assumes greater economic importance. Social: With increasing health consciousness, consumers prefer fish raised through responsible aquaculture over wild catch. This encourages farmers to prioritize fish welfare and use therapeutic agents to keep skins healthy. Technological: Advancements in disease diagnosis and vaccine delivery systems aid early detection and prevention of fish skin infections. DNA-based tools help monitor pathogens and antimicrobial resistance. Key Takeaways The Global Fish Skin Disease Market Growth is expected to witness high, exhibiting CAGR of 7.1% over the forecast period, due to increasing fish consumption worldwide. Asia Pacific currently dominates the market owing to large freshwater aquaculture sectors in major producers like China and India. Regional analysis: Asia Pacific dominates the fish skin disease market led by China, Vietnam, Bangladesh and India. Intensive freshwater fish farming practices make diseases endemic in these countries. Vietnam and Bangladesh especially witness high prevalence of epizootic ulcerative syndrome affecting exports. Key players: Key players operating in the fish skin disease market are Zoetis Inc., Elanco Animal Health, MSD Animal Health, Benchmark Holdings, Phibro Animal Health Corporation, Intervet Inc., Norvartis, Merck Animal Health, Novartis AG, Pharmaq AS, AquaBounty Technologies, Alltech, Skretting, Nutreco, Biomin. Zoetis and Elanco dominate with their broad portfolio of anti-infectives and vaccines to prevent common bacterial and fungal infections in aquaculture. Read More - https://www.newsanalyticspro.com/fish-skin-disease-market-share-size-growth-analysis-demand-and-forecast/
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |