Equine Healthcare Market – Industry Analysis and Forecast (2022-2029)

Equine Healthcare Market was valued at US$ 2.84 Bn. in 2021. Global Equine Healthcare Market size is expected to grow at a CAGR of 8.15 % through the forecast period.
Equine Healthcare Market Overview:
Equine healthcare refers to the activities or processes done for maintaining the horse health. The total equine population is directly proportional to the quality of equine healthcare. Equine healthcare provides the veterinary services so as to maintain the quality of life of horses, to develop quality animal food and to increase their lifespan. Common horse healthcare problems such as laminitis or thrush which leads to a horse more likely to contract it again. Hence, to improve clinical outcomes participants in the market are educating horse owners to seek professional veterinary advice and veterinary. Therefore, it is necessary to maintain the horse health to prevent from diseases during veterinary.To know about the Research Methodology:-Request Free Sample Report

The report explores the Global Equine Healthcare Market segments (Product Type, Disease Product Type, Distribution Channel and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Global Equine Healthcare Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Equine Healthcare Market contemporary competitive scenario.
Equine Healthcare Market Dynamics:
The global equine healthcare market is driven by the perpetual trends of horse-racing, high occurrence of equine infections, and global animal health development management programs. Due to the rise in demand for pet insurance which is opening new avenues leads to the growth of global equine healthcare market. The market growth also depends on which the participation is attracted towards the hight return on investment. A law which is put forward on horse racing will hamper the equine healthcare market during the forecast period. The growth of equine healthcare market is also affected by investment in several geographical regions in horse racing. The global equine healthcare market has strong correlation with the global equine population

COVID-19 Impact on Equine Healthcare Market:

Government rules and regulations of many countries leads to the closedown of equine facilities so as to reduce the risk of injury and spread of virus, so many of the equine facilities are opened after lockdown. The loss in overall revenue in equine healthcare market is happened because of complete or partial closure of equine facilities. It is very difficult to cover all ongoing expenses for equine healthcare players.

The Covid19 has major attention on equine healthcare in spite of ensuring healthcare services for horses. The hierarchy of controls to reduce the spread of the novel infection among equine practitioners is followed by the stakeholders in the equine healthcare market which are taking indication from the AVMA (American Veterinary Medical Association).

PPE (Personal Protective Equipment) is the best way to prevent disease transmission and which is used for a combination of interventions from across the hierarchy of controls in equine healthcare Participants in the equine healthcare market are re-scheduling non-urgent veterinary procedures. They are considering telemedicine as an alternative to in-person visit.

Opportunities:

Equine health careers tend to be highly paid opportunities, and this is especially the case with the roles of veterinarian and farrier. Farrier is the two of the highest paying animal careers profiled during the race. The one who is working directly with racehorse on hand-on basis can range from administrative positions and can make career in horse racing industry. Bookkeeper, steward, and racing secretary are the administrative roles in equine healthcare market. The daily contact role involves groom, outrider, and trainer. Those who work for very successful stables can earn much higher salaries than average, as the stable staff is often given a bonus based on the purse money won by their runners.
Equine Healthcare Market Segment Analysis:
Based on the Product Type,

Drug segment is the expected to be the highest growing segment in product Product Type during the forecast period. Due to the rise in demand for pet insurance, surge in awareness towards effective & advanced drugs and vaccines and rise in number of cases of equine diseases may lead to highest growing in drug segment. For ensuring better therapeutic outcomes, increase in hospital admissions and the launch of effective products are tested under clinical trials by the various companies.

Based on the Distribution Channel,

The global equine healthcare market is segmented according to the distribution channel into retail pharmacies & drug stores, veterinary hospitals & clinics and others. The veterinary hospitals and clinics segmented in distribution channels are expected to rise in the upcoming years because of the vast availability of vaccines and drugs. The use of vaccines and drugs are increasing as the people are facing with different Product Types of diseases. The equine healthcare is developing the field of pharmaceuticals for the availability of vaccines and drugs from preventing the diseases.
Equine Healthcare Market Regional Insights:
The North America region is expected to hold the highest growth at a CAGR of xx% through the forecast period due to the increase in popularity in horse racing, the households which are holding the high equine adoption rate and substantial spending in animal healthcare. In equine industry 7 million Americans are involved and above 2 million in horse owners. The growth of the equine healthcare market during the forecast period is due to the growing awareness of animal healthcare.

Europe is considered as the second largest equine healthcare market in forecast period owing to the increasing demand for equine healthcare products in region. Asia Pacific is also emerged as the fastest growth market with the highest growth rate during the forecast period. Due to the increasing focus of animal care in region, their affordability and awareness about equine healthcare products can lead the countries such as China, India and Australia to boost the equine healthcare market in the future.

The objective of the report is to present a comprehensive analysis of the Global Equine Healthcare Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Equine Healthcare Market dynamic, structure by analyzing the market segments and projecting the Global Equine Healthcare Market size. Clear representation of competitive analysis of key players by Vehicle Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Equine Healthcare Market make the report investor’s guide.
Equine Healthcare Market Scope: Inquire before buying



Global Equine Healthcare Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.84 Bn


Forecast Period 2022 to 2029 CAGR:
8.15%
Market Size in 2029:
US $ 5.33 Bn


 Segments Covered:
by Product Type
• Drugs
o Anti-infectives
o Anti-inflammatory
o Parasiticides
o Others
• Vaccine
o Inactivated
o Live Attenuated
o Recombinant
o Others
• Supplemental Feed additives
o Proteins and amino acids
o Vitamins
o Enzymes
o Minerals
o Others


by Disease Type
• Equine Influenza
• Equine Herpes virus
• Equine Encephalomyelitis
• West Nile Virus
• Equine Rabies
• Potomac Horse Fever
• Tetanus
• Others


by Distribution Channel
• Veterinary Hospitals and Clinics
• Retail Pharmacies and Drug Stores
• Others



Equine Healthcare Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Equine Healthcare Market Key Players are:
• Affymetrix
• Bayer AG (Bayer Animal Health)
• Boehringer Ingelheim
• Ceva Santé Animale
• Eli Lilly and Company (Elanco)
• EQUINE PRODUCTS UK LTD
• Merck & Co. (Merck Animal Health)
• Sanofi (Merial)
• Purina Animal Nutrition LLC.
• Vetoquinol S.A.
• Zoetis
• Elanco Animal Heat
• Prosthetics
• Equine Orthotics
• Dean Dorton
• ADM Protexin

Frequently Asked Questions:

1] What segments are covered in the Global Equine Healthcare Market report?
Ans. The segments covered in the Global Equine Healthcare Market report are based on Product Type, Disease Type, Distribution Channel and Region.

2] Which region is expected to hold the highest share in the Global Equine Healthcare Market?
Ans. North America region is expected to hold the highest share in the Global Equine Healthcare Market.

3] What is the market size of the Global Equine Healthcare Market by 2029?
Ans. The market size of the Global Equine Healthcare Market by 2029 is expected to reach US$ 5.33 Bn.

4] What is the forecast period for the Global Equine Healthcare Market?
Ans. The forecast period for the Global Equine Healthcare Market is 2021-2029.

5] What was the market size of the Global Equine Healthcare Market in 2021?
Ans. The market size of the Global Equine Healthcare Market in 2021 was valued at US$ 2.84 Bn.