USD 2.87 billion
Equine Healthcare Market Size, Share, Growth Analysis, By Product Type(Vaccines, Pharmaceuticals, Medicinal Feed Additives, Diagnostics), By Indication(Musculoskeletal Disorders, Internal Medicine, Equine Herpes Virus, Equine Encephalomyelitis), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35G2223 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
71
|Figures:
70
Equine Healthcare Market Insights
Equine Healthcare Market size was valued at USD 3.36 Billion in 2023 and is poised to grow from USD 3.93 Billion in 2024 to USD 13.68 Billion by 2032, growing at a CAGR of 16.9% during the forecast period (2025-2032).
The factors driving the equine healthcare market growth is increasing R&D initiatives, growth in equine health complications, and increasing popularity of equine-based therapy. The advent of artificial intelligence (AI) in equine health is also contributing to the growth of the market. Furthermore, researchers in the veterinary field are also focusing on innovations by constantly conducting research for including artificial intelligence in equine veterinary practice. The global leaders in the market are supporting such practices so that they can address the repetitive challenges in the field. This technology will also evolve equine healthcare management by offering periodic analysis of the horses for timely health management. This is increasing the accuracy of early disease diagnosis and personalized treatment.
Equine healthcare consists of preventive care, illness management, lameness treatment, reproductive care, oral hygiene, rehabilitation, and addressing behavioral issues. It helps in enhancing overall health, preventing future breeding, and promoting a better lifespan. It also helps in early disease detection and minimizes the risk of serious diseases like dental problems, infections, obesity, herpes, and rabies.
US Equine Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceuticals
Fastest Growth
Pharmaceuticals
Growth Rate
16.9% CAGR
Global Equine Healthcare Market ($ Bn)
Country Share for North America Region (%)
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Equine Healthcare Market Segmental Analysis
The Global Equine Healthcare Market is segmented in terms of Product Type, Indication, Distribution Channel, and Region. Based on Product Type the market is segmented as, Vaccines, Pharmaceuticals, Medicinal Feed Additives, Diagnostics, Software & Services, and Others. Based on Indication the market is segmented as, Musculoskeletal Disorders, Internal Medicine, Equine Herpes Virus, Equine Encephalomyelitis, Equine Influenza, West Nile Virus, Tetanus, Others. Based on Distribution the market is segmented as, Veterinary Hospitals & Clinics, E-commerce, others. Based on Region the market is segmented as, North America, Europe, APAC, LATAM
Analysis by Types
Based on types, the vaccines segment is dominating the market with the largest equipe healthcare market share. The vaccines segment is growing rapidly in the equine healthcare market because they are preventing infectious diseases in horses. Vaccines like equine influenza, tetanus, and West Nile viruses are vital for protecting the equine populations. The segment is also boosted by growing awareness among horse owners about preventive healthcare and the rising equestrian industry globally. Furthermore, innovations in recombinant DNA technology have also allowed development of more efficient and safe vaccines. Veterinary service providers and equine welfare facilities are actively contributing to the market growth, ensuring that they are readily available whenever required. Furthermore, there are many government initiatives that are supporting vaccine adoption, particularly in developed regions is improvement the potential of the segment. The increasing focus on immunization is considerably minimizing disease outbreaks, resulting to better equine health management.
The medical feed additives are witnessing the fastest growth in the equine healthcare market. The medical feed additives are an important part of equine healthcare, addressing nutritional deficiencies and preventing disease progression. These additives consist of probiotics, prebiotics, vitamins, and minerals that improves gut health, boost immunity, and support vitality. The growing focus on improving performance, particularly in competitive areas like horse race is also rapidly increasing the demand for supplements. Furthermore, the increasing prevalence of conditions such as colic and laminitis highlights the requirement of dietary interventions. Manufacturers and veterinary professionals are also collaborating to guarantee quality standards and efficiency, incorporating trust among horse owners.
Analysis by Indication
Based on indication, the musculoskeletal segment is dominating the equine healthcare market. Musculoskeletal disorders are extremely vital in equine healthcare because it addresses conditions such as arthritis, tendon injuries, and joint degenerations. These disorders impact a horse’s mobility, performance, and quality of life. Furthermore, advanced diagnostics tools like imaging technologies and biomechanical assessments allows early identification and targeted treatments. The therapeutic solutions like anti-inflammatory drugs, physiotherapy, and regenerative medicine like stem cell and platelet-based plasma therapies are also increasing market growth. Moreover, the increasing adoption of preventive care practices like specialized training regimens and supportive equipment such as orthotic devices is also contributing to the growth of the market. An improved approach towards musculoskeletal care guarantees better well-being of equine and enhances performance.
As per equine healthcare market analysis, the equine herpes virus segment is expected to witness the fastest growth during the forecast period. EHV is a huge problem for equine healthcare as it consists of extremely contagious diseases with serious results. EHV can be present as respiratory problems, reproductive complications, and neurological disorders, especially equine herpesvirus myeloencephalopathy (EHM). Furthermore, preventive measures like vaccination, quarantine protocols, and biosecurity measures are crucial for managing outbreaks. Researchers are also constantly researching about more efficient vaccines and antiviral drugs, focusing on minimizing transmission rates. Many veterinary facilities are also increasing awareness through campaigns about the bodies of equestrian and increasing knowledge about diseases among horse owners. Moreover, efficient management of EHV is vital for sustaining equine populations and reducing economics losses.
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Equine Healthcare Market Regional Insights
North America is dominating with the largest equine healthcare market share. The market in this region is rapidly growing due to the well-established veterinary infrastructure. In this region the US is leading the market because it is supported by several horse owners who does considerable investment in the equine healthcare. The vaccination programs and advancements in the therapeutic products also refers to critical necessities such as musculoskeletal disorder and viral infections. The region is also supporting equestrian sports, which is increasing the popularity for preventive and performance-enhancing solutions. Moreover, rising awareness campaigns and technological advancements in diagnostics and treatment solutions is fueling the growth of the market in the region.
The market in Europe is witnessing the fastest growth in the equine healthcare market. The market in this region can be characterized by its growing emphasis on research and innovation boosted by a rich equestrian heritage. Many countries such as UK, Germany, and France are contributing massively towards the growth of the market because of increasing number of horse owners and a strong focus on their welfare. Furthermore, advanced vaccines and therapeutic solutions for diseases like equine herpes virus and musculoskeletal conditions are being extensively adopted by these owners. Moreover, strict regulatory structure and rising government initiatives is also supporting the market growth, making sure to maintain better standards of veterinary care. Sports like horse racing and other leisure activities is also fueling the demand for medical products and services, leading to the growth of the market.
Global Equine Healthcare Market By Geography
- Largest
- Fastest
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Equine Healthcare Market Dynamics
Equine Healthcare Market Drivers
Growing Equine Sports and Activities
-
The increasing popularity of equine sports and recreational activities is driving the market growth. Events like horse racing, show jumping needs, and dressage need healthy and well-maintained horses, which is increasing the popularity of healthcare products and services. This rising interest in has increased spending on vaccinations, supplements, and grooming products to ensure the well-being of a horse.
Rising Awareness of Equine Diseases
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Increasing awareness about diseases and preventive measures related to equine is boosting the market growth. Diseases such as colic, laminitis, and equine herpesvirus can massively impact a horse’s health. This type of diseases requires timely intervention. Government facilities and many organizations related to veterinary care are focusing on educating owners and caretakes about early diseases detection and management. This has immensely increased the adoption of vaccines, medicinal feed additives, and diagnostic tools.
Equine Healthcare Market Restraints
High Expense of Equine Healthcare
-
The high expense related to equine medical products and services is considerably restraining the market growth. Veterinary care for horses, like surgeries, specialized treatments, and routine check-ups can be costly for small-scale facilities. Furthermore, advanced diagnostic tools and therapies can be effective, but they can become a financial burden. Such expensive treatments are restricting market growth, especially in emerging economies where disposable income is low.
Lack of Skilled Veterinarians
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The lack of professional equine veterinarians can be a huge challenge for the equine healthcare market. Proper treatment of horses needs specialized knowledge and training, especially in conditions that are unique to equines. This skill set often unavailable in the rural or less-developed places. Moreover, the demanding nature of the equine veterinary practices also discourages many professionals from entering the field. This shortage of skilled professionals impacts the timely diagnosis and treatment of equine diseases.
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Equine Healthcare Market Competitive Landscape
The equine healthcare industry is extremely competitive. This is because it has prominent players who are mainly focused on innovation, strategic acquisition, and product launches to maintain a competitive edge. The leading companies in the market like Zoetis, Boehringer, Ingelheim, Merck Animal Health offers wide range of solutions ranging from vaccines and medicinal feed additives to advanced diagnostics. Moreover, the market is experiencing continuous investments from R&D for solving rising equine health challenges like musculoskeletal disorders and viral infections. Many startups and new companies are also contributing to the growth of the market, focusing on affordability and accessibility. Furthermore, factors like competitive pricing, branding, and technological innovations in treatment solutions are shaping the market dynamics.
Equine Healthcare Market Top Player’s Company Profile
- Zoetis Inc.
- Merck Animal Health
- Boehringer Ingelheim International GmbH
- Elanco Animal Health
- Bayer AG
- Ceva Santé Animale
- Virbac
- Dechra Pharmaceuticals PLC
- IDEXX Laboratories, Inc.
- Vetoquinol S.A.
- Norbrook Laboratories Limited
- EQUINE PRODUCTS UK LTD
- KRKA
- HIPRA
- Luitpold Pharmaceuticals, Inc.
Equine Healthcare Market Recent Developments
- In June 2024, Merck Animal Health and US Trotting Association announced installation of 50,000-plus Bio-Thermo microchips in racehorses. These microchips help the horse owners in monitoring temperature and health parameters accurately and remotely and also aid in recordkeeping.
- In June 2024, a research project in collaboration between Hartpury University and AnimalWeb was established for the purpose of mapping biosecurity practice in the UK equine0 sector. The results of this study will assist in the development of equine health–related policies in the country.
- In July 2024, San Giovanni Battista Hospital of Rome announced their program of equine-assisted therapy good for improving motor skills in about 600 patients in neurology.
Equine Healthcare Key Market Trends
- Incorporation of Telemedicine in Equine Healthcare: The increasing adoption of telemedicine is a growing trend that is changing the equine healthcare market. Lately, digital platforms are allowing veterinarians to provide consultations, monitor recovery, and offer better guidance remotely. This is especially beneficial in the rural or remote areas where access to advanced veterinary care is limited. Telemedicine solutions are also minimizing the time and expense necessary for transporting horses for routine check-ups and minor treatments.
- Growing Focus on Organic and Natural Products: There is an increasing demand for natural and organic equine healthcare products. This is because horse owners and caretakes have started prioritizing the safety of the horse and focusing on sustainability. Conventional healthcare solutions are being gradually replaced by herbal supplements, organic feed additives, and chemical-free grooming products. This transformation is mainly boosted by rising concerns about the possible impacts of synthetic products and shift towards environmentally friendly practices.
Equine Healthcare Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the equine healthcare industry is a growing sector that is mainly driven by rising demand for advanced veterinary care and increasing awareness among horse owners about their health. The rising incidences of equine diseases are also contributing to the growth of the market. Major factors like vaccines, medicinal feed additives, and treatments for musculoskeletal disorders and viral infections like equine herpes virus is driving the market growth. Moreover, advancements in diagnostic tools and preventive care solutions are forming the market structure. The market also benefits from a rise in equestrian sports and leisure activities worldwide. Furthermore, rising government initiatives and investments to enhance animal health infrastructure are fueling the expansion of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.87 billion |
| Market size value in 2031 | USD 11.70 billion |
| Growth Rate | 16.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Equine Healthcare Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Equine Healthcare Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Equine Healthcare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Equine Healthcare Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Equine Healthcare Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Equine Healthcare Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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