The process of triggering defensive systems in fish against harmful bacteria by exposing them to non-pathogenic forms or microbe components is known as fish vaccination.
The three major vaccination delivery methods are intravenously, subcutaneously, and orally. However, only healthy fish should ever receive the immunisation because it is a preventative measure rather than a therapy. Toxoids, Bacterins, subunit vaccines, and live attenuated, are some of the most frequently used fish vaccine types.
Impact of Coronavirus
On December 31, 2019, Wuhan, China, received the first report of a coronavirus (COVID-19) epidemic. On March 11, 2020, the World Health Organization classified COVID-19 as a pandemic. More than 572 million cases and 6.39 million fatalities caused by coronavirus illness (COVID-19) were recorded through July 29, 2022, according to the World Health Organization’s Coronavirus (COVID-19) Dashboard.
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Impact of COVID-19
The COVID-19 epidemic and ensuing state of emergency in several nations throughout the world have had an effect on the financial health of companies in all industries, including the private healthcare sector. Due primarily to rigorous lockdown in many areas, the COVID-19 pandemic has affected the whole supply chain of the healthcare business. The COVID-19 pandemic has impacted the economies of several places throughout the world in three primary ways: by directly influencing the production and demand of healthcare items; by causing disruptions in the distribution channels; and by financially hurting businesses and various markets. Healthcare product distribution and transportation are issues in a number of nations, including Singapore, Thailand, and Indonesia.
According to a research released by ScienceDirect in September 2021, the COVID-19 is thought to have had a significant negative impact on the aquaculture and fisheries sector, particularly in poor nations like Bangladesh. From June to November 2020, focus groups, telephone and in-person interviews, and internet questionnaire surveys were all used in the study. The study showed some beneficial effects on the environment and fish stock (for example, an increase in fish stock owing to decreased disruption of fishing operations), but these effects have not benefited fishermen because the pandemic has various effects on different fisheries sub-sectors. Transportation networks are disrupted, transportation costs are up to 60% more than usual, input and maintenance expenses are elevated, and there is less demand for/and a lower market price for fish.
The market for fish vaccines is anticipated to reach US$ 249.20 million in 2022 and grow at a 6.5% CAGR during the projected period (2022-2030).
Over the course of the forecast period, the worldwide market for fish vaccines is anticipated to develop due to the benefits of fish vaccination against antibiotics and the financial advantages of fish vaccines.
Over the projected period, the worldwide fish vaccine market is anticipated to rise due to fish farmers’ growing preference for vaccinations over antibiotics. The following table, for instance, illustrates the benefits of vaccinations versus antibiotics in fish aquaculture, according to the Vaccine Journal of Veterinary Science & Veterinary Science & Technology: (2018).
Key players are working to establish themselves in more nations, which should grow their consumer base. Over the projected period, it will also contribute to the expansion of the worldwide fish vaccine market. For instance, the development and production of vaccinations for pigs, cattle, and fish that help guard against the strains of illnesses common in China was declared to have begun in Suzhou, China, by Zoetis, Inc., a global animal health corporation, in 2018.
Fish vaccine failure-related factors are anticipated to be a key market growth restraint.
Market Regional Analysis
The market for fish vaccines is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa based on region.
Due to an increase in the number of product launches or vaccination approvals in the area, North America is predicted to provide attractive growth prospects for the fish vaccine market. AQUAVAC Strep Sa-Si is a novel vaccine developed by MSD Animal Health, a branch of the American company Merck & Co., Inc., to prevent fish streptococcosis. Streptococcosis caused by Streptococcus agalactiae and Streptococcus iniae is advised for the active vaccination of tilapia and other sensitive fish species in order to prevent mortality and illness.
Additionally, due to expanding government efforts for animal welfare in this area, the market for fish vaccines in Europe is anticipated to experience considerable expansion in the near future. For instance, on March 29, 2022, at the BlueInvest Days 2022 in Brussels, the European Union (EU) and European Investment Fund (EIF) established a partnership and launched a new US$ 539.5 million dedicated equity project for the aquaculture and blue economy under InvestEU. Beyond 2022, the BlueInvest effort will last until 2026
NISSEIKEN CO., LTD., HIPRA, Aqua Vet S.A., VETERQUIMICA SA, KBNP, INC., Ictyogroup, Zoetis Inc., Kyoto Biken Laboratories, Inc., Merck & Co., Inc., Vaxxinova International BV, and Barramundi Group are significant market participants in the fish vaccine industry.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Fish Vaccine Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Fish Vaccine Industry Impact
Chapter 2 Global Fish Vaccine Competition by Types, Applications, and Top Regions and Countries
2.1 Global Fish Vaccine (Volume and Value) by Type
2.3 Global Fish Vaccine (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Fish Vaccine Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Fish Vaccine Market Analysis
Chapter 6 East Asia Fish Vaccine Market Analysis
Chapter 7 Europe Fish Vaccine Market Analysis
Chapter 8 South Asia Fish Vaccine Market Analysis
Chapter 9 Southeast Asia Fish Vaccine Market Analysis
Chapter 10 Middle East Fish Vaccine Market Analysis
Chapter 11 Africa Fish Vaccine Market Analysis
Chapter 12 Oceania Fish Vaccine Market Analysis
Chapter 13 South America Fish Vaccine Market Analysis
Chapter 14 Company Profiles and Key Figures in Fish Vaccine Business
Chapter 15 Global Fish Vaccine Market Forecast (2022-2028)
Chapter 16 Conclusions
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