
Middle East & Africa Aquatic Veterinary Market
No. of Pages: 104 | Report Code: BMIRE00030681 | Category: Life Sciences
No. of Pages: 104 | Report Code: BMIRE00030681 | Category: Life Sciences
The Middle East & Africa aquatic veterinary market was valued at US$ 75.62 million in 2022 and is expected to reach US$ 92.91 million by 2030; it is estimated to register a CAGR of 2.6% from 2022 to 2030. Technological Advancements in Fish Vaccines Bolster Middle East & Africa Aquatic Veterinary Market
Aquatic farms across the world increasingly rely on vaccinations to manage animal health. The emergence of novel pathogens with extensive antigenic diversity renders conventional vaccines less effective, which encourages researchers to look into new techniques for creating potent vaccines for aquaculture. Subunit or recombinant DNA/RNA particle vaccines are created using modern vaccine technologies, which focus on specific pathogenic components. Recent advancements in vaccines and vaccinology also support efforts made by researchers to find new vaccine candidates to fight fish pathogens such as mycotic and parasitic agents.
Targeting the construct and/or transgene to antigen-receptor cells is a promising way to improve the effectiveness of DNA vaccines against other viral diseases. Molecular assemblies can be used to target dendritic cells (DC) and antigen-presenting cells (APC) in DNA vaccines, producing immunological responses. Another tactic is to encapsulate the DNA vaccine in specific carriers to stimulate transgene and MHC expression. The development of novel vaccines known as recombinant DNA-based vaccines or new-generation vaccines has made extensive use of recombinant DNA (rDNA) technology. Recombinant immunogenic protein vaccines or epitopes purified from vectors carrying the gene of interest produced in prokaryotic or eukaryotic expression systems, peptide vaccines, live vaccines produced by defined genetic manipulations, and microbial vectors carrying gene coding for immunogenic protein and DNA vaccines are among the types of vaccines based on recombinant DNA technology that have been developed. Recombinant vaccines have the advantage of closely simulating naturally occurring infections, which aids in triggering a potent immune response in the treated fish. Moreover, these vaccines can be mass-produced easily. Thus, the development of novel vaccines is emerging as a new trend in the Middle East & Africa aquatic veterinary market.Middle East & Africa Aquatic Veterinary Market Overview
As per the data provided by the World Bank, aquaculture production in South Africa was 9,753 metric ton in 2020, and it increased to 10,525 metric ton in 2021. In South Africa, the sector is dominated by abalone, trout, and mussels. Good infrastructure developed supply chains, and a supportive aquaculture legislation framework contribute to the rise in demand for aquaculture in the country. The South African aquatic veterinary market is mainly driven by the increasing production volume of aquaculture in the country. In January 2020, the University of Cape Town (UCT) in South Africa launched a collaborative research project that focuses on increasing healthy aquaculture production in sub-Saharan Africa. The "One Health" project focuses on the research and promotion of healthy feeds in aquaculture to boost the immune systems of fish to counter challenges posed by the spread of various infections in fish farms, which is a major threat to fish production in many African countries. A major objective of the project was to develop a new technology that helps generate antibodies specific to a pathogen that can be used as a therapeutic and diagnostic tool. It also emphasizes on the development of DNA vaccines that can specifically prevent infections in healthy farmed fish. As the aquaculture industry grows, the production of healthy fish also increases, which, in turn, fuels the growth of the Middle East & Africa aquatic veterinary market in South Africa.
Middle East & Africa Aquatic Veterinary Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa Aquatic Veterinary provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Aquatic Veterinary refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Aquatic Veterinary Strategic Insights
Middle East & Africa Aquatic Veterinary Report Scope
Report Attribute
Details
Market size in 2022
US$ 75.62 Million
Market Size by 2030
US$ 92.91 Million
Global CAGR (2022 - 2030)
2.6%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
By Diagnostic
By Species
By Diseases Source
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Aquatic Veterinary Regional Insights
Middle East & Africa Aquatic Veterinary Market Segmentation
The Middle East & Africa aquatic veterinary market is categorized into type, species, diseases source, route of administration, and country.
Based on type, the Middle East & Africa aquatic veterinary market is bifurcated diagnostic and treatment. The treatment segment held a larger market share in 2022. The diagnostic segment is further sub segmented into serological, molecular, DNA sequencing, and other diagnostics. The treatment segment is further sub segmented into vaccines, medications, and supplements.
By species, the Middle East & Africa aquatic veterinary market is segmented into fish, crustaceans, mollusca, and others. The fish segment held the largest market share in 2022.
Based on diseases source, the Middle East & Africa aquatic veterinary market is segmented into bacterial, viral, parasites, and others. The bacterial segment held the largest market share in 2022.
In terms of route of administration, the Middle East & Africa aquatic veterinary market is segmented into water medication, medicated feed, and other route of administrations. The water medication segment held the largest market share in 2022.
By country, the Middle East & Africa aquatic veterinary market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. South Africa dominated the Middle East & Africa aquatic veterinary market share in 2022.
Aquatic Diagnostics Ltd, Ceva Polchem Pvt Ltd, Elanco Animal Health Inc, HIPRA SA, Merck KGaA, Phibro Animal Health Corp, Thermo Fisher Scientific Inc, Virbac SA, and Zoetis Inc are some of the leading companies operating in the Middle East & Africa aquatic veterinary market.
1. Aquatic Diagnostics Ltd
2. Ceva Polchem Pvt Ltd
3. Elanco Animal Health Inc
4. HIPRA SA
5. Merck KGaA
6. Phibro Animal Health Corp
7. Thermo Fisher Scientific Inc
8. Virbac SA
9. Zoetis Inc
The Middle East & Africa Aquatic Veterinary Market is valued at US$ 75.62 Million in 2022, it is projected to reach US$ 92.91 Million by 2030.
As per our report Middle East & Africa Aquatic Veterinary Market, the market size is valued at US$ 75.62 Million in 2022, projecting it to reach US$ 92.91 Million by 2030. This translates to a CAGR of approximately 2.6% during the forecast period.
The Middle East & Africa Aquatic Veterinary Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Aquatic Veterinary Market report:
The Middle East & Africa Aquatic Veterinary Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Aquatic Veterinary Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Aquatic Veterinary Market value chain can benefit from the information contained in a comprehensive market report.