Aquaculture Diagnostics Market 2023, Growing Demand for Immunodiagnostics across the Globe

According to Precision Business Insights (PBI), latest report, the global aquaculture diagnostics market size was valued at USD 738.7 million in 2022 and is expected to grow at a 9.0% CAGR during the forecast period 2023 to 2029. The primary drivers of the expansion of the global aquaculture diagnostics market include the increasing demand for seafood due to a growing population and changing dietary preferences. In addition, strict government regulations regarding the monitoring of aquaculture are expected to boost the growth of aquaculture diagnostics market.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/aquaculture-diagnostics-market

The aquaculture diagnostics market is segmented based on technology, species type, infection type, and geography.
Based on the Technology, the market is segmented into the following:
• Microscopic Examination
• Histopathology
• Microbiological Examination
• Immunodiagnostics
• Molecular Diagnostics
• Others

Based on the Species Type, the market is segmented into the following:
• Salmon
• Sea bass and Sea Bream
• Tilapia
• Trout
• Carp
• Crustaceans

Based on the Infection Type, the market is segmented into the following:
• Bacterial Infections
• Viral infections
• Parasitic Infections
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Immunodiagnostics Segment is expected to Dominate the Aquaculture Diagnostics Market:
Based on the technology, the global Aquaculture Diagnostics market is segmented into Microscopic Examination, Histopathology, Microbiological Examination, Immunodiagnostics, Molecular Diagnostics, Others. The immunodiagnostics segment is expected to account for a larger revenue share in the global aquaculture diagnostics market. The fluorescent antibody technique and enzyme-linked immunosorbent assay are usually preferred for the diagnosis of various fish species which is expected to drive the growth of aquaculture diagnostics market in this region over the forecast period. In addition, low cost of the procedure, high efficiency, and efficacy of immunodiagnostics is expected to boost the market growth in this segment over the forecast period.

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Asia Pacific Aquaculture Diagnostics Market
The Asia Pacific aquaculture diagnostics market is expected to increase over the forecast period due to the existence of one of the largest aquaculture industries in the region and key aquaculture-producing nations like India and China, the Asia-Pacific region is anticipated to occupy a sizable proportion of the aquaculture vaccines market over the forecast period. In addition, the increasing production of seafoods in this region is expected to further propel the growth of aquaculture diagnostics market over the forecast period. For instance, China remained the world's largest seafood producer in 2022, with production expected to reach 67.5 million metric tons (MMT), up from the 66.9 MMT in 2021.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.
The global Aquaculture Diagnostics market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Key players profiles in the aquaculture diagnostics market report are Aquatic Diagnostics Ltd., Zoetis, Inc., Thermo Fisher Scientific Inc., WellFish Diagnostics, Amazing Biotech Pvt Ltd., LAB-IND RESOURCE SDN. BHD., Molecular Diagnostic Services (Pty) Ltd., Eurofins Scientific, Aura Biotech.

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This release was published on openPR.