Fish Segment to Bolster Aquatic Veterinary Market Growth During 2025-2031

According to our new research study on "Aquatic Veterinary Market Forecast to 2031 - Global Analysis - by Type, Species, Diseases Source, and Route Of Administration," the market is expected to reach US$ 1.54 billion in 2024 to US$ 2.00 billion by 2031; the market is expected to register a CAGR of 7.57% during 2025-2031. The report highlights aquatic veterinary market trends and drivers and restraints pertaining to the market growth.

Expansion of Specialized Training And Education In Aquatic Veterinary Is Expanding the of Aquatic Veterinary Market Size

The increasing expand specialized training and education in aquatic veterinary medicine, an opportunity arose for professionals to build expertise to meet aquaculture needs. The programs in this field are evolving to offer hands-on, interdisciplinary curricula while creating international collaborations.

The University of Florida and UC Davis have both amended their fellowship and residency training programs. Particularly, the Aquatic Animal Health Fellowship of UC Davis from 2025-2026 will train post-DC veterinarians via rotations at facilities such as the California Academy of Sciences and the Aquarium of the Pacific. Thus, the fellowship offers a wide range of case presentations de aling with teleosts, elasmobranchs, and marine mammals that will sharpen participants' clinical and research skills.

Furthermore, there is Mystic Aquarium's veterinary internship program for 2024-2025 with a strong focus on aquatic species care, wildlife conservation, clinical documentation, and research publication mentorship. Therefore, the cost-effectiveness of aquatic veterinary services, coupled with increasing developments by the market players, contributes to the growing demand for these services.

The aquatic veterinary market forecast involves the segmentation of the market based on the basis of type, species, diseases source, and route of administration, and geography. The aquatic veterinary market, based on type, is segmented into diagnostic and treatment. The treatment segment held a larger aquatic veterinary market share in 2024 and is expected to register the highest CAGR during 2025-2031.

Based on species, the market is segmented into fish, crustaceans, mollusca, and others. The fish segment held the largest share of the aquatic veterinary market in 2024 and is expected to register a higher CAGR during 2025-2031. According to the State of World Fisheries and Aquaculture (SOFIA) report published 2024, global fish production reached a record high of 223.2 million metric tons in 2022. This total includes 130.9 million metric tons from aquaculture and 92.3 million metric tons from capture fisheries. The intensification of aquaculture practices, often in high-density environments, increases the risk of disease outbreaks among farmed fish. Consequently, there is a growing need for advanced veterinary interventions, such as vaccines, antibiotics, antiparasitics, and diagnostic tools, to maintain fish health and prevent economic losses.

The global aquatic veterinary market, based on diseases source, is segmented into bacterial, viral, parasites, and others. The bacterial segment held the largest share of the aquatic veterinary market in 2024 and is anticipated to register the highest CAGR during 2025-2031.

The market, by route of administration, is segmented into water medication, medicated feed, and other route of administrations. The water medication segment held the largest share of the aquatic veterinary market in 2024.

In terms of geography, the aquatic veterinary market report is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America). In terms of revenue, North America accounted for the largest aquatic veterinary market share in 2024. The North America aquatic veterinary market is segmented into the US, Canada, and Mexico. According to the National Oceanic and Atmospheric Administration (NOAA), about 75 to 90 percent of seafood being consumed in the USA is imported. The demand for seafood fluctuated between 1990 and 2022 as the consumers' tastes and preferences for finfish and shellfish underwent a change. The effect of this change in demand was realized when per capita consumption reached an upward movement of 38% to 20.8 pounds in 2022. This quite means there is demand for veterinary products, such as vaccines, diagnostics, and therapeutics that work toward disease management in intensively farmed systems, where high stocking densities increase disease occurrence risk-for example, the shift to sustainable offshore and indoor farming practices.

In August 2025, a bipartisan bill promoting commercial-scale open-ocean aquaculture was introduced by US Senators. The bill looked to promote the easing of permitting, maintain research on sustainable practices, and inhibit diseases in offshore farms. Through promoting US aquaculture for species such as cobia and red snapper, the bill fosters the increased use of veterinary products, in new environments, to control outbreak occurrences. This is consistent with NOAA's goals for resilient seafood production.

Aquatic veterinary market report includes company positioning and concentration to evaluate the performance of competitors/players in the market. Esox Biologics Ltd, Zoetis Inc, Merck KGaA, HIPRA SA, Ceva Polchem Pvt Ltd, Virbac SA, Elanco Animal Health Inc, Phibro Animal Health Corp, Aquatic Diagnostics Ltd, and Thermo Fisher Scientific Inc are among the key players in the market.

Companies profiled in the aquatic veterinary market analysis adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the aquatic veterinary market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.

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