Report ID: SQMIG35G2223
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 2024-2031
Report ID:
SQMIG35G2223 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
71 |
Figures:
70
Equine Healthcare Market Regional Insights
In 2022, North America asserted its dominance by capturing a significant share of more than 35.0%. The region's strong hold is backed by notable statistics, as reported by the FAO, indicating around 10.56 million horses in the U.S. in 2021, with approximately 10.96 million horses across North America. The prevalence of horse farms and the bustling annual horse racing calendar contribute to the region's market share. The U.S. boasts around 300 racetracks and hosts nearly 33,567 horse races annually. The import of approximately 18,865 horses into the U.S. in 2021 further fuels the demand for equine healthcare in North America.
Meanwhile, the Asia-Pacific (APAC) region is anticipated to experience the fastest growth, projected at over 6% during the forecast period. This surge is attributed to heightened demand for horse medicinal feeds, a rise in equine disease prevalence, and the implementation of government measures to boost equine health. The presence of numerous market players operating in the equine products market is also set to play a role in shaping the region's growth trajectory in the coming years.
Equine Healthcare Market Report Snapshots
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