The global bacterial diagnostics in aquaculture market, valued at USD 3,811.5 million in 2022, is on a promising growth trajectory. According to a recent analysis by FMI, the market is estimated to reach USD 4,024.7 million in 2023 and is projected to expand at a robust compound annual growth rate (CAGR) of 7.0% from 2023 to 2033, ultimately totaling approximately USD 7,948.6 million by 2033.
The rise in demand for bacterial diagnostics in aquaculture is a key driver of market growth. This increasing demand is not only fostering substantial growth but also creating opportunities for new market entrants. The expansion of the market underscores the need to address unmet needs and explore untapped potential, offering significant prospects for innovation and investment.
Despite the positive outlook, the market faces challenges, including stringent government regulations and supply chain disruptions. These factors, combined with shifting consumer preferences, are expected to impact market dynamics and growth trajectories in the coming years.
As the aquaculture industry continues to evolve, the bacterial diagnostics sector remains pivotal in ensuring the health and sustainability of aquatic ecosystems. Stakeholders and investors are advised to stay abreast of regulatory developments and market trends to navigate the evolving landscape effectively.
Key Takeaways from the Market Study:
- The estimated market value of the bacterial diagnostics in aquaculture market in 2018 was USD 3046.9 million.
- The global bacterial diagnostics in aquaculture market expanded at a CAGR of 4.6% between 2018 and 2022.
- Based on aquatic animals, carp estimated a market share of 21.4% in 2022.
- Based on technique, molecular diagnostics registered a market share of 37.2% in 2022.
- Germany is estimated to record a 4.1% CAGR from 2023 to 2033.
- Europe developed a market share of 24.3% in 2022.
“The rapid expansion of infectious illnesses in aquaculture is one of the vital drivers of the global bacterial diagnostics in aquaculture market”, comments a Future Market Insights analyst.
Explore Comprehensive Findings: Find the Full Report on the Bacterial Diagnostics in Aquaculture Market
Competitive Scenario:
Key players in the bacterial diagnostics in aquaculture market focus on research and development for new product designs. Manufacturers strive to provide cutting-edge technology along with reliable and durable bacterial diagnostics in aquaculture. Furthermore, many companies also focus on strengthening their geographic presence across the globe through partnerships and collaborations with other manufacturers.
Innovations in the Market:
- In July 2023, Medical equipment maker Thermo Fisher Scientific cut its annual profit forecast, hurt by weak demand for its biopharma services that included tools and compounds used for making therapeutics and vaccines.
- In May 2023, Thermo Fisher Scientific has launched new products. Some of them are chromatography microplates, optical emission spectroscopy, DNA sequencing systems, Fluorometer accessories, Laboratory refrigerators, etc.
Key companies profiled:
Aquasol Corporation; Ziva Impex Pvt Ltd.; Aquatic Diagnostics Ltd; Mologic; Biogenuix; Auro Biotechnologies; Enasis Indonesia; Thermo Fisher Scientific; LexaGene; Myron L and others.
Key Segments for the Bacterial Diagnostics in Aquaculture Market
By Aquatic Animal Type:
- Mackerel
- Carps
- Milkfish
- Sea bream
- Sea bass
- Trout
- Crustaceans
- Other species
By Technique:
- Histopathology
- Electron microscopy
- Scanning Electron microscopy
- Transmission electron microscopy
- Molecular Diagnostics
- Polymerase Chain Reaction (PCR)
- Real-Time PCR
- Multiple loop-mediated isothermal amplification PCR
- Quantitative PCR
- Arbitrary Primed PCR
- DNA Probes
- DNA microarrays
- Immunological Diagnostics
- Immunohistochemistry (IHC)
- Immunofluorescent Antibody Test (IFAT)
- Immunochromatography
By Distribution Channel:
- Aquarium store
- E-Commerce
- Company stores
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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