Shrimp Disease Diagnostics Market is projected to reach USD 656.35 Million by 2032 key developmental strategies implemented by the key players:HiMedia Laboratories, Speedy Assay Sdn Bhd, REAGEN LLC, FUJIKURA KASEI CO., LTD., GeneReach Biotechnology Corp,

Shrimp Disease Diagnostics Market size was valued at USD 237.15 Million in 2021 and is projected to reach USD 656.35 Million by 2032, growing at a CAGR of 12.56% from 2021 to 2032.

Shrimp has long remained a highly- celebrated commodity in the arena of international trade. According to recent studies, the global farmed shrimp production roughly reached 4 million tons in 2018, which represents an increase by 3-5% over the production recorded in 2017.

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Although the overall growth in demand for seafood has been instrumental in the build-up of the shrimp farming landscape, the continued instances of viral infections to farmed seafood remains a longstanding concern.
Shrimp processors and exporters worldwide bore the brunt of strict technical barriers concerning disease-free certification requirements that were put in place by importing countries- the Republic of Korea, Australia, China, Saudi Arabia, Mexico, and Brazil.

Such instances led to a substantial increase in the overall adoption rate of effective disease diagnosis and treatment in the shrimp farming space. As commercialization of shrimp continues on an uphill trajectory, the market was valued at ~ US$ 361.4 Mn in 2018 and is expected to reflect growth at a CAGR of ~ 6.5% during the assessment period.

Shrimp Disease Diagnostics Market - Winning Strategies of Key Players
Key players in the shrimp disease diagnostics market remain highly focused on investments in product development for new commercial variants, which would help them in reaping significant profits.

Major players operating in shrimp disease diagnostics market are zooming in their focus into development of 'multi-viral' detection kits, as consumers' quest for detection kits with impeccable efficacy picks pace.

Brands are also investing in consumer-centric designs with easy-to-use interfaces and offering detailed instruction manuals with instructions for the users to comprehend use of these kits in a better way.

Strategic mergers and acquisitions remain two cardinal points of manufacturers' expansion strategies. Companies are entering into partnerships with prominent universities and government agencies, R&D centers, and testing centers & ISO-accredited laboratories to develop and commercialize novel shrimp diseases diagnostics through pioneering technologies.

The report provides a comprehensive analysis of company profiles listed below:

HiMedia Laboratories, Speedy Assay Sdn Bhd, REAGEN LLC, FUJIKURA KASEI CO., LTD., GeneReach Biotechnology Corp, Thermo Fisher Scientific, Lab - Ind Resource Sdn Bhd, SUREBIO, Auro Biotechnologies

Shrimp Disease Diagnostics Market Types:

WSSV, TSV, YHV/GAV, IHHNV, HPV/MBV/IMNV/NHP-B/MoV.

Shrimp Disease Diagnostics Market Applications:

Fisheries, Aquaculture Laboratories, Marine Laboratories, Education and Research Institutes

Analysts' Viewpoint
Persistent efforts to introduce newer and effective diagnostic tools to combat diseases in aquaculture will continue complementing growth of shrimp disease diagnostics market.

The authors of this report are of the opinion that the market players will reap ample benefits by shifting their focus toward South Asia and East Asia, as the disease prevalence rates in these regions and the western half of the globe vary by a significant margin.

Manufacturers are focusing on breaking through the inertia and designing effective shrimp disease diagnostic products, which would further help them reap considerable profits.

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Scope of this Report:

This report segments the global Shrimp Disease Diagnostics market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
The report helps stakeholders understand the pulse of the Shrimp Disease Diagnostics market and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.
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Shrimp Disease Diagnostics Market to Witness Healthy Growth Due to High Demand for Aquaculture Biosecurity
The biosecurity of aquaculture is composed of a wide range of concepts, which include integrated as well as strategic approaches such as the different policies and regulatory frameworks to analyse and manage risks in the sectors of aquaculture & food safety.

It also consists of the life and health of animals & plants, which include the associated environmental risk. It is anticipated that due to several benefits, the concept of biosecurity application to shrimp aquaculture will witness significant growth to reduce losses in shrimp production due to the high prevalence of diseases.

Hence, the use of sound epidemiological principles and a logical & structured approach is expected to help achieve biosecurity, which is expected to be a major factor driving the shrimp disease diagnostics market.

Increasing demand for shrimp farming expected to drive the adoption of shrimp disease diagnostics across the world
As per an international trade survey, shrimp is one the frontline commodities that account for more than 15% of the revenue share in internationally traded seafood products, and has reached $140.0 Bn in 2017.

Aquaculture alone contributes to over 50% of the global shrimp production. Shrimp has been an important commodity in international trade and during 2009.

Its global production by capture was 3.17 Mn tonnes and by aquaculture it was estimated to be 3.5 Mn tonnes. China has been the largest producer of aqua cultured shrimp, (1.33 million tons) followed by Ecuador, Mexico, India, Bangladesh, and Southeast Asian countries.

Though there has been huge negative impact of diseases on the global shrimp farming industry, the shrimp disease diagnostics market has continued to grow and has matured into a more sustainable market to meet the high demand for disease diagnosis for the growing shrimp trade.

Developments in molecular diagnostics tools for disease detection expected to drive the market
Despite the emergence of the White Spot Disease (WSD) over two decades ago, there is only one nontherapeutic options available for the treatment of the same, which is the detection and prevention of the entry of this pathogen into hatcheries and farms by means of smart diagnostic tools.

A wide range of disease diagnostic tools have been developed for aquaculture use, which have been derived from human as well as veterinary medicine. They primarily include first-generation tools.

In the recent times, the emergence of third-generation DNA-based diagnostic tools, such as Polymerase Chain Reaction (PCR) and DNA hybridization, have revolutionized the shrimp disease diagnostics market.

These were primarily diagnostic revolutions where PCR-based White Spot Syndrome Virus (WSSV) detection labs were set up across regions that account for a high rate of disease outbreak.

The screening of viral shrimp pathogens through the PCR laboratories requested by farmers have topped the list of biosecurity in shrimp farms, which prevents the spread of highly infectious diseases such as WSD though the early molecular detection and adoption of the Best Management Practices (BMPs)

Research Methodology
The shrimp disease diagnostics market has been estimated based on an epidemiology-based approach. The market was studied by estimating the base year market side in different regions/countries.

In addition, the market was estimated based on the usage of reagents kits in the top 20 countries worldwide. Other qualitative factors analyzed during market value estimation include awareness about the usage of shrimp disease diagnostics, which include reagent kits usage, regional product adoption, and the availability of shrimp disease diagnostics reagent kits.

This information was further validated with rigorous primary research, which includes interviews, surveys, in-person interactions, and viewpoints of seasoned analysts, as well as secondary research, which includes verified paid sources, authentic trade journals, and resourceful databases.

The research study on the shrimp disease diagnostics market also includes the top trends and macro as well as microeconomic factors shaping the shrimp disease diagnostics market.

With this approach, the report on the shrimp disease diagnostics market estimates the industry attractiveness of every major segment in the shrimp disease diagnostics market over the forecast period.

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