Market Definition:
The global Equine Healthcare Market was valued at US$ 1.4 billion in 2022 and it is anticipated to grow up to US$ 2.6 billion by 2032, at a CAGR of 6.4% during the forecast period.
Equine healthcare services include those supplied to horses used for racing and betting, competitive riding, and leisure. Routine veterinarian treatment for immunizations, parasite management, and dental care; grooming and hoof care; and protection from natural elements like rain, wind, and snow are all part of healthcare. Other components of general care, in addition to properly feeding and exercising one’s horse, are required to maintain the horse healthy throughout his or her life. A veterinarian should examine adult horses at least once a year. Geriatric horses (those over the age of 20) should see their veterinarian twice a year, if not more regularly because sickness is more common in older animals and can be detected earlier.
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Market Outlook:
Animal healthcare is becoming more popular. Animal health is critical for the safety and well-being of both animals and humans, as people become increasingly conscious of the value of animals in the ecosystem. Because illnesses may be easily transmitted from animals to people, governments and commercial entities are investing in the development of animal healthcare infrastructure in numerous nations.
Furthermore, the availability of horse pharmaceutical and diagnostic items, as well as the presence of big veterinary facilities, boosts market growth. The Philip Leverhulme Equine Hospital at the University of Liverpool in North West England, for example, provides cutting-edge radiography that produces 3D scans of bone and soft tissue. The new CT system is unusual in that it is the only medical-grade, big-diameter sliding rack system available in England for large animal patients. CT scanning has two distinct applications: planning reconstructive surgery and recognizing head disorders such as head shaking, dental difficulties, sinus disease, and head trauma.
Market Restraints and Challenges
The horse population loss is predicted to impede the growth of the equine healthcare industry.
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Research Objectives:
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Segmental Overview
The report analyses the global Equine Healthcare Market based on product type, disease, distribution channel, and region.
Major Players in the Global Equine Healthcare Market
The key players studied in the global Equine Healthcare Market are Vetoquinol S.A., Boehringer Ingelheim International GmbH, Thermo Fisher Scientific Inc., Land O’Lakes, Inc., Ceva Santé Animale, Sanofi S.A., Equine Products UK LTD, Elanco Animal Health Inc., Zoetis Inc., and Merck & co., Inc. among others.
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Research Scope:
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Market Size in 2021 – US$ 1.4 billion
• Market Size in 2031 – US$ 2.6 billion
• CAGR % – 6.4%
• Historic Period – 2016-2021
• Forecast Period – 2023-2032
• Base Year – 2022
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