Rising Prevalence of Bacterial and Viral Infections of Fish Skin Disease Market
The global fish skin disease market is estimated to be valued at US$ 1.84 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: The fish skin disease market has witnessed growth over the past decade owing to increasing fish cultivation practices globally. The increasing demand for fish as food across regions presents opportunities for disease treatment. Moreover, the support from governments and organizations for the welfare of fish farming boosts the market.
Weakness: Lack of proper veterinary infrastructure and limited healthcare facilities in developing nations pose challenges for effective disease treatment. Additionally, the cost of advanced treatment options remains high inhibiting large-scale adoption.
Opportunity: Rising adoption of aquaculture globally is expected to drive demand for preventive care and therapeutics. Moreover, innovation in drug formulations can lead to more efficacious and cost-effective solutions.
Threats: Factors like fish parasite resistance to commonly used antibiotics and drug residue in treated fish intended for human consumption are major threats. Natural calamities severely damage fish cultivation facilities affecting market growth.
Key Takeaways
The Global Fish Skin Disease Market Growth is expected to witness high over the forecast period owing to rising fish farming practices globally. The increasing demand and consumption of fish as an important source of protein have significantly boosted fish cultivation activities across major regions. This growing dependence on aquaculture translates to opportunities for therapeutics manufacturers catering to disease management needs. The global Fish Skin Disease Market is estimated to be valued at US$ 1.84 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030.
Regional analysis - Asia Pacific dominates the global fish skin disease market and is expected to maintain its leading position during the forecast period. This can be attributed to the large fish farming industry in major markets of China, India, and Indonesia. China, in particular, accounts for over 50% of global fish production facilitated by large-scale cultivation units and government promotion.
Key players operating in the fish skin disease market are Bayer AG, Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co., Inc., Virbac S.A., Ceva Santé Animale, Elanco Animal Health, Bimeda, Aurobindo Pharma Limited, and Teva Pharmaceutical Industries Ltd. The market landscape is fragmented with the top 5 players accounting for under 25% share. Companies mainly compete on parameters like product efficacy, pricing, and geographical footprint.
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The global fish skin disease market is estimated to be valued at US$ 1.84 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: The fish skin disease market has witnessed growth over the past decade owing to increasing fish cultivation practices globally. The increasing demand for fish as food across regions presents opportunities for disease treatment. Moreover, the support from governments and organizations for the welfare of fish farming boosts the market.
Weakness: Lack of proper veterinary infrastructure and limited healthcare facilities in developing nations pose challenges for effective disease treatment. Additionally, the cost of advanced treatment options remains high inhibiting large-scale adoption.
Opportunity: Rising adoption of aquaculture globally is expected to drive demand for preventive care and therapeutics. Moreover, innovation in drug formulations can lead to more efficacious and cost-effective solutions.
Threats: Factors like fish parasite resistance to commonly used antibiotics and drug residue in treated fish intended for human consumption are major threats. Natural calamities severely damage fish cultivation facilities affecting market growth.
Key Takeaways
The Global Fish Skin Disease Market Growth is expected to witness high over the forecast period owing to rising fish farming practices globally. The increasing demand and consumption of fish as an important source of protein have significantly boosted fish cultivation activities across major regions. This growing dependence on aquaculture translates to opportunities for therapeutics manufacturers catering to disease management needs. The global Fish Skin Disease Market is estimated to be valued at US$ 1.84 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030.
Regional analysis - Asia Pacific dominates the global fish skin disease market and is expected to maintain its leading position during the forecast period. This can be attributed to the large fish farming industry in major markets of China, India, and Indonesia. China, in particular, accounts for over 50% of global fish production facilitated by large-scale cultivation units and government promotion.
Key players operating in the fish skin disease market are Bayer AG, Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co., Inc., Virbac S.A., Ceva Santé Animale, Elanco Animal Health, Bimeda, Aurobindo Pharma Limited, and Teva Pharmaceutical Industries Ltd. The market landscape is fragmented with the top 5 players accounting for under 25% share. Companies mainly compete on parameters like product efficacy, pricing, and geographical footprint.
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The global fish skin disease market is estimated to be valued at US$ 1.84 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: The fish skin disease market has witnessed growth over the past decade owing to increasing fish cultivation practices globally. The increasing demand for fish as food across regions presents opportunities for disease treatment. Moreover, the support from governments and organizations for the welfare of fish farming boosts the market.
Weakness: Lack of proper veterinary infrastructure and limited healthcare facilities in developing nations pose challenges for effective disease treatment. Additionally, the cost of advanced treatment options remains high inhibiting large-scale adoption.
Opportunity: Rising adoption of aquaculture globally is expected to drive demand for preventive care and therapeutics. Moreover, innovation in drug formulations can lead to more efficacious and cost-effective solutions.
Threats: Factors like fish parasite resistance to commonly used antibiotics and drug residue in treated fish intended for human consumption are major threats. Natural calamities severely damage fish cultivation facilities affecting market growth.
Key Takeaways
The Global Fish Skin Disease Market Growth is expected to witness high over the forecast period owing to rising fish farming practices globally. The increasing demand and consumption of fish as an important source of protein have significantly boosted fish cultivation activities across major regions. This growing dependence on aquaculture translates to opportunities for therapeutics manufacturers catering to disease management needs. The global Fish Skin Disease Market is estimated to be valued at US$ 1.84 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030.
Regional analysis - Asia Pacific dominates the global fish skin disease market and is expected to maintain its leading position during the forecast period. This can be attributed to the large fish farming industry in major markets of China, India, and Indonesia. China, in particular, accounts for over 50% of global fish production facilitated by large-scale cultivation units and government promotion.
Key players operating in the fish skin disease market are Bayer AG, Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co., Inc., Virbac S.A., Ceva Santé Animale, Elanco Animal Health, Bimeda, Aurobindo Pharma Limited, and Teva Pharmaceutical Industries Ltd. The market landscape is fragmented with the top 5 players accounting for under 25% share. Companies mainly compete on parameters like product efficacy, pricing, and geographical footprint.
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https://www.ukwebwire.com/fish-skin-disease-market-share-and-demand-analysis/
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