Report ID: SQMIG35G2223
Report ID:
SQMIG35G2223 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
71 |
Figures:
70
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
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
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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Report ID: SQMIG35G2223