Equine Veterinary Services Market to Reflect Impressive Growth Rate by 2024

Equine Veterinary Services Market: Overview

Global equine veterinary market is observed to be a multi-billion dollar industry that consists of various equine activities such as horse racing, competitive riding and leisure. Thus, various veterinary services that supplement the growth of this market are vaccination, gynecological care, dental care, gastroscopy, lameness, respiratory care, colic assessment and treatment.

The vaccination regime of horses is integral part of equine health against various clinical conditions like equine influenza, tetanus, strangles, ringworm, EHV (Equine Herpes Virus), EVA (Equine Viral Arteries) and West Nile Virus (WNV). Dental care services include the routine dental examinations and rasping service for horses, some of the complex problems are also diagnosed with an X-ray.

The gynecological care comprises routine sampling of CEM (Contagious Equine Metritis) and EVA testing , fertility check accompanied with hysteroscopies, artificial insemination, pregnancy diagnosis, pregnancy follow-up, assistance during foal birth and umbilical scanning, bloodsampling for IgG estimation in newborn foal health management. Gastroscopy consists of use of 3 meter videoscope for diagnosis of gastric ulcers. Lameness is one of the most common cause that affects limbs of horses and is diagnosed with digital X-rays, ultrasound and thermal scans. Respiratory care includes services related with tracheal washing and broncho-alveolar-lavage.

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Equine Veterinary Services Market: Region-wise Outlook

The veterinary services provided in market by major breeding farms and equine veterinary hospitals. This is a very specialized sector and is limited to equine species healthcare management hence, overall it’s considered to be a premium sector because of the specific requirements. The major market shift is estimated to be observed in coming five years where due to economic downturn in Europe has forced the market to export the horses to slaughterhouses or to Asian countries as there is significant potential for horse racing and showcase in China. This is perceived to affect the North American and European global market share in equine veterinary market as the Asia-Pacific market is observed to be growing in case of horse population.

As a constituent of Asia-Pacific, Australian equine market was observed to rank among the top three regional equestrian and equine veterinary services markets. After the European downturn and legal hindrances in North American market Australia turned out to be among the leading ‘horse producing / breeding’ countries in the world. On the same basis, China was perceive to expand its investing and capacity in horse racing and betting by importing quality breeds from countries especially from European region.

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Thus, China intends to maintain particularly race-horse breeds; as race-horses require additional care and supervision thus equine veterinary services market is expected to grow significantly. According to a equine industry source, China is mounting the capacity and investing in horse racing and betting by importing quality breeds from North American and European countries. The equestrian racing infrastructure development comprises of horse race-tracks developed with an investment of approximately USD 2.0 billion with about 3,000 horses. Investment also comprises the cost of s developing trainers and riders in particular equine training schools.

Equine Veterinary Services Market: Key Segments and Players

The major products observed in the industry are in-house diagnostics, reference laboratories, digital imaging and others. The in-house diagnostics segment is expected to account for the largest share in the global equine veterinary services market. Some of the key players having presence in the global equine veterinary services market are IDEXX Laboratories, Inc., Medical Management International, National Veterinary Associates and VCA Antech, Inc.

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