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Equine Healthcare Market Trends, Current Demand, and Business Opportunities and forecast 2021-2028

12-28-2023 02:37 PM CET | Health & Medicine

Press release from: Transparency Market Research

Equine Healthcare

Equine Healthcare

The global equine healthcare market has been on a steady rise, propelled by a growing awareness of horse health, an increase in equine populations, and advancements in veterinary care. As of 2020, the market was valued at a robust US$ 698.7 million and is poised to exhibit a compound annual growth rate (CAGR) of 4.3% from 2021 to 2028, reaching an estimated value of US$ 972.8 million by the end of the forecast period.

Request your sample copy of the latest market report to gain valuable insights into this dynamic industry: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1603

Key Market Study Points
As the equine healthcare market evolves, it is crucial to delve into key study points, such as the impact of emerging technologies, market dynamics, and regulatory landscapes. Understanding these aspects will be instrumental in making informed decisions and navigating the competitive terrain.

Market Size and Growth
The market's impressive growth can be attributed to a surge in horse ownership and the escalating demand for advanced healthcare solutions for these majestic animals. As equine enthusiasts and professionals alike recognize the importance of maintaining optimal health in horses, the market is witnessing a significant uptick in investments and innovations.

Market Segmentation:
Products Type
Drugs
• Anti-infectives
• Anti-inflammatory
• Parasiticides
• Others
Vaccine
• Inactivated
• Live Attenuated
• Recombinant
• Others
Supplemental Feed additives
• Proteins & Amino Acids
• Vitamins
• Enzymes
• Minerals
• Others
Distribution Channel
• Veterinary Hospitals & Clinics
• Pharmacies & Drug Stores
• Others
Disease Type
• Equine Influenza
• Rhinopneumonitis/Equine Herpes Virus (EHV)
• Equine Encephalomyelitis (sleeping sickness)
• Equine Infectious Anemia (EIA)
• West Nile Virus
• Equine Rabies
• Potomac Horse Fever
• Tetanus (Lockjaw)
• Others

Leading players operating in the global equine healthcare business are
• Bayer AG (Bayer Animal Healthcare)
• Boehringer Ingelheim
• Ceva Santé Animale
• Eli Lilly and Company (Elanco)
• Equine Products UK Ltd.
• Merck & Co. (Merck Animal Healthcare)
• Sanofi (Merial)
• Purina Animal Nutrition LLC.
• Vetoquinol S.A.
• Zoetis

Market Drivers and Challenges
The growing awareness of preventive healthcare for horses, coupled with an increase in discretionary spending on pets, is a major driver of market growth. However, challenges such as regulatory constraints and the high cost of advanced veterinary treatments pose hindrances to the market's expansion.

Latest Market Trends
In response to the evolving landscape, the equine healthcare market is witnessing several trends. There is a notable shift toward natural and holistic healthcare products, reflecting a broader consumer preference for organic and sustainable solutions. Additionally, the integration of technology, such as wearable devices for monitoring horse health, is gaining momentum.

Future Outlook
The future of the equine healthcare market looks promising, with sustained growth expected. The market's expansion will be fueled by ongoing research and development, strategic collaborations, and an increasing focus on preventive care measures for horses.

Key Questions in Equine Healthcare Market:
• What are the primary factors driving the growth of the equine healthcare market?
• How are regulatory frameworks influencing market dynamics?
• What role do technological advancements play in shaping the market landscape?

For a comprehensive understanding of the equine healthcare market, explore the full report and access the detailed Table of Contents (TOC): https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=1603

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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