Authored By: Sarah
11 Jul 2024

 Equine Healthcare Market to grow by USD 582.4 million between 2024-2028

According to a research report “ Equine Healthcare Market” by Product (Pharmaceuticals, Vaccines, Others) Distribution Channel (Offline, Online) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 582.4 million at a CAGR of  6.78% during the forecast period. In the equine healthcare market, zoonotic diseases pose a significant risk to both animal and human health. These diseases, transmitted from animals to humans, can be caused by viruses, bacteria, parasites, or fungi. Notable examples include Hendra virus, which can be transmitted from horses to humans. Vulnerable populations, such as children under five, adults over 65, and those with weakened immune systems, are at higher risk of severe illness. The rural and urban poor, who rely on livestock for food and income, are disproportionately affected. Effective prevention and control measures are essential to mitigate the economic and health consequences of zoonotic diseases in the equine industry..

Browse market data tables, figures, and in-depth TOC on “Equine Healthcare Market” by Product (Pharmaceuticals, Vaccines, Others) Distribution Channel (Offline, Online) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028.

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By Product, the Pharmaceuticals segment is projected to dominate the market size in 2024.

In the equine healthcare market, traditional brick-and-mortar retail outlets and physical establishments, such as veterinary clinics, pet supply stores, feed stores, and specialized equine healthcare retailers, comprise the offline distribution channel. This segment continues to hold substantial significance, providing customers with direct access to a wide array of equine healthcare products, including medications, supplements, grooming tools, and equipment. Interactions with knowledgeable staff offer personalized recommendations and guidance.

By Distribution Channel, Offline  segment is expected to hold the largest market size for the year 2024.

In the equine healthcare market, the pharmaceuticals sector holds a significant market share, encompassing a diverse array of medications and therapies. These offerings cater to the unique physiological and metabolic requirements of equines, preventing and treating various diseases. Key product categories include anti-inflammatory drugs, antibiotics, dewormers, antiparasitic agents, antifungal medications, pain relievers, hormonal therapies, and specialized formulations. Preventive medications are a critical component, ensuring optimal equine health and disease prevention.

North America is forecasted to hold the largest market size by region in 2024.

The equine healthcare market represents a significant business opportunity, catering to the health and wellbeing of horses through innovative solutions. Key sectors include veterinary services, pharmaceuticals, and equine nutrition. Growth is driven by increasing horse ownership, advanced diagnostic tools, and a focus on preventative care. Strategic partnerships and technological advancements are essential for market players to stay competitive.

The Equine Healthcare Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Alltech Inc.
  • Boehringer Ingelheim International GmbH
  • Central Garden and Pet Co.
  • Ceva Sante Animale
  • Dechra Pharmaceuticals Plc
  • Elanco Animal Health Inc.
  • Equine Products UK LTD.
  • Esaote Spa
  • Forte Healthcare Ltd.
  • Hallmarq Veterinary Imaging Ltd.
  • IDEXX LABORATORIES INC.
  • Jacks Inc.
  • Kemin Industries Inc.
  • Land O Lakes Inc.
  • Merck KGaA
  • Peak Equine Health
  • Scone Equine Group
  • Thermo Fisher Scientific Inc.
  • Vetoquinol SA
  • Zoetis Inc.
.

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Research Analysis Overview

The Equine Healthcare Market encompasses a range of products and services designed to maintain the health and wellbeing of the equine population. Key participants in this industry include skilled veterinarians and animal healthcare companies, who offer Equine Health Plans and Equine Vaccination Programs. These programs are essential for preventing the spread of various equine diseases such as Equine Infectious Anemia, Venezuelan Equine Encephalomyelitis, West Nile Fever, and Rabies. Advancements in technology have led to the development of innovative solutions like Bio Thermo microchips, which facilitate efficient disease monitoring and management. Equine veterinary practitioners utilize CT systems to diagnose and treat complex equine health issues. The equine industry relies heavily on vaccines to protect horses from infectious diseases and ensure the overall health of the equine population. In conclusion, the Equine Healthcare Market plays a crucial role in safeguarding the health of horses and ensuring the sustainability of the equine industry. By providing a comprehensive range of healthcare products and services, industry participants contribute significantly to the prevention and management of equine diseases.

Market Research Overview

The Equine Healthcare Market encompasses a range of products and services designed to maintain the health and wellbeing of horses. Key components include vaccines for diseases such as West Nile fever, Venezuelan equine encephalomyelitis, Tetanus, Rabies, Equine influenza, and Equine infectious anemia. Skilled veterinarians administer these vaccines, often through Equine veterinary practitioners and Equine vaccination programs. Equine population management involves parasiticides and parasite control, medicinal feed additives, and equine pharmaceuticals like anti-inflammatory, anti-infectives, and analgesics. Regenerative therapies, including stem cell therapy, are also gaining popularity in equine healthcare. The equine industry, including horse racing events, horse farms, and industry participants, relies heavily on equine healthcare. The EquiTrace platform facilitates diagnostics using advanced technologies like CT systems and Bio Thermo microchips. Animal healthcare companies like Arenus Animal Health provide a comprehensive range of animal healthcare products. Animal insurance and e-commerce platforms cater to the growing animal health spending. Equine diseases, such as Equine herpes and Equine encephalomyelitis, continue to pose challenges, necessitating ongoing research and innovation in the equine healthcare sector.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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