The global bacterial diagnostics in aquaculture market continues to gain momentum, showing significant promise for future growth. With an estimated market size of USD 3,811.5 million in 2022, the market is expected to grow to USD 4,024.7 million in 2023, reflecting an annual increase driven by rising demand in the seafood industry. As per analysts from Future Market Insights (FMI), the market is poised to expand at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2033, ultimately reaching an estimated value of USD 7,948.6 million by 2033. This positive growth trajectory highlights the critical role of bacterial diagnostics in ensuring the health and productivity of aquaculture species, as well as the increasing need for reliable diagnostic tools.
Rising Demand for Seafood: A Key Driver
Aquaculture, the farming of fish and other aquatic organisms, plays a vital role in the global food production sector. The demand for seafood has seen a significant increase, especially in developing countries where seafood consumption is rising rapidly due to its nutritional value. This surge in demand is prompting the need for more efficient and sustainable practices in aquaculture, including advanced bacterial diagnostic techniques. Bacterial infections are among the most significant challenges in aquaculture, threatening the health of aquatic species and the success of the industry. As a result, the use of bacterial diagnostics is becoming indispensable in managing these risks and ensuring the longevity of the industry.
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As the global population continues to grow and seafood consumption increases, particularly in emerging economies, the need for effective disease management and prevention strategies is more urgent than ever. Bacterial diagnostics allow aquaculture operations to detect, monitor, and control infections in aquatic species, ultimately leading to higher yields, healthier fish, and more sustainable practices. This market demand is being met by an increasing number of diagnostic solutions that provide quick, accurate, and cost-effective methods for bacterial detection in aquaculture environments.
Strong Growth in Competition and Accessibility
The bacterial diagnostics in aquaculture market is seeing an influx of new competitors offering a range of diagnostic options at competitive prices. This growing competition is providing customers with more accessible and affordable solutions, further fueling the expansion of the market. Manufacturers are now able to cater to a broader global customer base, from large-scale commercial aquaculture farms to smaller, localized operations. This increasing competition is not only driving innovation but is also ensuring that more stakeholders in the aquaculture industry have access to essential diagnostic tools.
As the market continues to grow, new diagnostic technologies are also emerging. These advancements are addressing the increasing need for rapid and accurate detection methods. As a result, the bacterial diagnostics market is benefiting from a diversification of products and services, with a focus on affordability and efficiency. This makes it easier for aquaculture operators worldwide to implement effective bacterial diagnostic techniques, which is crucial for maintaining the health and productivity of their aquatic species.
Dominant Market Segments: Animal Types and Technologies
The market for bacterial diagnostics in aquaculture is seeing different growth trends across various animal species and diagnostic technologies. Carp, being the most produced aquatic species globally, dominates the market in terms of bacterial diagnostic sales. The high demand for carp in aquaculture, combined with its relatively high vulnerability to bacterial infections, makes it the leading focus for bacterial diagnostics. Following carp, mackerel also plays a significant role in the market due to its high demand as a rich source of fatty acids, making it the second-most dominant species in the bacterial diagnostics sector.
In terms of technology, molecular methods are increasingly being adopted as the preferred choice for bacterial diagnostics in aquaculture. These methods, which include techniques such as PCR (Polymerase Chain Reaction), are recognized for their reliability, accuracy, and ability to detect a wide range of bacterial pathogens. Molecular diagnostics, particularly multiplex PCR, allow for the simultaneous detection of multiple pathogens in a single test, which is essential for improving the speed and efficiency of diagnostics. This technology is expected to continue dominating the market due to its cost-effectiveness and high performance, making it the go-to solution for bacterial diagnostics in aquaculture.
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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.
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.
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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
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