Global Equine Healthcare Market

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.

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FAQs

Global Equine Healthcare Market size was valued at USD 2.87 billion in 2022 and is poised to grow from USD 3.36 billion in 2023 to USD 11.70 billion by 2031, growing at a CAGR of 16.9% in the forecast period (2024-2031).

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.   '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.'

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.  

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.  

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Global Equine Healthcare Market

Report ID: SQMIG35G2223

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