According to the research report titled ‘North America Aquaculture Vaccines Market Forecast 2027 By Application, By Type, By Route of Administration, By Species, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with  MarketStudyReport, North America aquaculture vaccines market is expected to be worth USD 37.7 million by the end of the forecast period 2021-2027.
 

As per report findings, factors such as increasing incidence of viral & bacterial infections, development & launch of innovative aquaculture vaccines, and surging aquaculture production are primarily driving North America aquaculture vaccines market growth. Additionally, growing consumer demand for premium quality fish is also acting as a major impetus for industry development.

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For the unversed, aquaculture vaccines are vaccines that are used to treat various types of diseases, such as pseudomonas, streptococcosis, and vibrosis, that afflict marine animals.

However, the procedure used for development of such vaccinations is significantly complex in nature, and many countries across North America have strict regulatory policies for vaccine approval, which is likely to hinder industry remuneration scope over the forecast period.

Based on vaccine type, the industry is classified into inactivated, live, and others. Live vaccines segment was evaluated at USD 3.7 million in 2020. These vaccines increase immunity in fish by entering the host body to generate adaptability responses from cells, and they can be administered either orally, or by immersing in water.

Considering route of administration, the market is split into immersion vaccines, injection vaccines, and oral vaccines. North America aquaculture vaccines industry size from the injection segment is estimated to grow at a CAGR of 7% through 2027, driven by advantages such as quick response and convenience of administration. Injections are capable of treating various kinds of marine illnesses at a faster pace as compared to other vac cine administration methods.

Moving on to application scope, the industry classification comprises viral infection, bacterial infection, and others. The bacterial infection application sector is expected to be worth USD 24.9 million by the end of the forecast timeframe. Deadly bacterial infections like pseudomonas, streptococcosis, and vibriosis have been severely affecting various fish species, which has prompted farmers to stop the spread of bacteria by incorporating vaccines into their aquaculture businesses.

On the regional front, Canada market is projected to reach a valuation of USD 25.1 million by 2027, owing to increasing focus among manufacturers on development of new vaccines using advanced technologies.

Prominent companies operating in North America aquaculture vaccines market are Nisseiken Co. Ltd., Veterquimica S.A., Virbac Group, Tecnovax S.A., Merck & Co. Inc., Zoetis Inc., and Hipra S.A.