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Equine Healthcare Market Size - By Product (Vaccines, Pharmaceuticals, Medical Additives, Diagnostics), Indication (Parasite Control, Equine Encephalomyelitis, Equine Influenza), Distribution Channel, Global Forecast, 2023-2032
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Equine Healthcare Market
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Premium Report Details
Base Year: 2022
Companies covered: 11
Tables & Figures: 270
Countries covered: 21
Pages: 160
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Equine Healthcare Market Size
Equine Healthcare Market size was around USD 1.7 billion in 2022 and is expected to reach USD 3.2 billion by 2032 due to increasing demand, investments in the equine racing & sports sector along with the rising occurrence of equine diseases. According to the World Organisation for Animal Health (WOAH) report, equine influenza, equine infectious anaemia, rabies, West Nile fever, and Venezuelan equine encephalomyelitis were few of the common diseases observed in 2021.
Equine healthcare refers to the specialized field of medical care and maintenance dedicated to horses, which are commonly referred to as equines. Equine healthcare includes wide range of services such as routine check-ups, vaccinations, dental care, nutrition management, surgical procedures, and the management of chronic and acute illnesses.
COVID-19 Impact
The COVID-19 pandemic had significant negative impact on the equine healthcare industry. Supply chain disruptions affected the availability of industry including products and services for companion animal health including equine. Lockdowns and social distancing measures made it challenging for horse owners to access routine veterinary service care, impacting overall health management during the pandemic.
Equine Healthcare Market Trends
The market is poised for progression, driven by increasing various governments and commercial institutions that are investing in animal healthcare infrastructure, recognizing the potential transmission of diseases from animals to humans.
Equine Healthcare Market Analysis
Based on product, the market is segmented into vaccines, pharmaceuticals, medicinal feed additives, diagnostics, and other products. A range of equine pharmaceuticals, including analgesics, anti-infectives, anti-inflammatories, and parasiticides, is utilized in the treatment of various conditions like reproductive, metabolic, infectious, and dermatological disorders in horses. In the year 2022, pharmaceuticals dominated the market with a substantial share of 32.8%.
Based on indication, the equine healthcare market is classified into musculoskeletal disorders, parasite control, equine herpes, equine encephalomyelitis, equine influenza, tetanus, West Nile Virus, and other indications. The parasite control segment is expected to reach USD 853.5 million by 2032.
Based on distribution channel, the equine healthcare market is classified into veterinary hospital pharmacies, e-commerce, and other distribution channel. The veterinary hospital pharmacies segment accounted for USD 798.3 million in 2022.
The North America equine healthcare market is expected to grow at 6.2% by 2032.
Equine Healthcare Market Share
The industry comprises intense competition, with key players and industry stakeholders actively implementing strategic measures. These include expanding their product portfolios, introducing upgraded products, forming partnerships, extending their presence to new regions, and engaging in mergers and acquisitions. Zoetis, Vetoquinol and Boehringer account for significant market share in the overall industry.
Market players operating in the market is as mentioned below:
Equine healthcare Industry News:
The equine healthcare market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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By Product, 2018 – 2032 (USD Million)
By Indication, 2018 – 2032 (USD Million)
By Distribution Channel, 2018 – 2032 (USD Million)
The above information is provided for the following regions and countries: