Equine Healthcare Market: Comprehensive Analysis and Forecast -2028
Market Overview: In 2020, the global market stood at US$ 698.7 million, with an estimated Compound Annual Growth Rate (CAGR) of 4.3% projected from 2021 to 2028. By the end of 2028, it is expected to surpass US$ 972.8 million.
Download Sample Report@
Analysis of Market Scenario: Amid the COVID-19 pandemic, equine practitioners have implemented stringent biosecurity measures across farms, performance venues, and racetracks. However, recurring common horse healthcare issues have impeded market growth. To address this, stakeholders must enhance awareness regarding regular de-worming schedules and professional veterinary advice. Notably, corticosteroids and bisphosphonates like tiludronate disodium (Tildren) are widely used therapeutics, necessitating further research on their efficacy in young horses.
Revenue Opportunities from Comprehensive Vaccine Portfolio: Equine healthcare providers are conducting risk-benefit analyses to determine optimal vaccination strategies, emphasizing the importance of equine influenza and strangle vaccines. Moreover, manufacturers are developing anthrax vaccines for horses in high-risk areas and tailoring vaccines for pregnant mares. Expansion in vaccine portfolios, including equine herpesvirus and botulism vaccines, is observed.
Guidance from AVMA: The AVMA's recommendations during the pandemic prioritize the safety of equine veterinarians, advocating for a combination of control measures to minimize infection transmission. Telemedicine is increasingly adopted, and non-urgent procedures are rescheduled.
Have Any Query? Ask our Experts@
Professional Intervention to Address Common Ailments: Market participants emphasize seeking professional veterinary advice to mitigate common horse healthcare issues like laminitis and thrush. The prevalence of allergies, colic, and mud fever underscores the demand for healthcare services, translating into revenue growth.
Early Detection through Wearable Technology: Apart from traditional interventions, research and development focus on equestrian sports technology, particularly wearables for horses. These devices facilitate early detection of healthcare issues by monitoring vital signs, presenting opportunities for med-tech companies.
Focus on Safety and Welfare: In the racing industry, medication regulations evolve to ensure fairness, horse safety, and public trust. Corticosteroids, NSAIDs, and bisphosphonates are key therapeutic agents, with racing regulators considering extending drug withdrawal periods to 48 hours pre-race.
Drivers and Challenges: The equine industry's economic significance, coupled with the prevalence of equine infections, drives market growth. However, a decline in the global equine population poses a challenge to market expansion.
Competition Landscape: The industry comprises global players like Bayer AG, Boehringer Ingelheim, and Zoetis. Strategies include regulatory approvals, technological advancements, and acquisitions to enhance market presence.
Market Segmentation: The market is segmented by product type (Drugs, Vaccines, and Supplemental Feed Additives), disease type, distribution channel, and region, offering comprehensive insights into regional dynamics and industry trends.
Enquire Before Buying@
Browse More Reports by TMR:
Peptide Therapeutics Market
Blood Testing Market
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Equine Healthcare Market: Comprehensive Analysis and Forecast -2028 here
News-ID: 3381556 • Views: …
More Releases from Transparency Market Research
Global Autonomous Train Technology Market Forecast 2023-2031 - Market Size, Driv …
The autonomous train technology market is poised for substantial growth, reflecting a paradigm shift in the global transportation landscape. Valued at US$ 1.9 billion in 2022, the market is anticipated to witness a robust CAGR of 6.4%, reaching US$ 3.4 billion by 2031. This surge is attributed to key factors such as increased investments in railway infrastructure and the growing demand for reliable, sustainable, and energy-efficient transport systems. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚
Automotive Braking Component Market Size, Share And Growth Analysis For 2023-203 …
The global automotive braking component industry, valued at US$ 47.9 billion in 2022, is poised for significant growth, with an estimated Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2031. Projections suggest that the market will reach US$ 68.3 billion by the end of 2031. This robust expansion is attributed to several key factors, including the surge in automotive production and vehicle ownership, advancements in safety technologies, and
Internet of Things (IoT) in Healthcare Market 2022: Industry Analysis, Size, Sha …
The Integration of Internet of Things (Iot) has emerged as a transformative force, catalyzing unprecedented advancements in patient care, operational efficiency, and overall healthcare outcomes. According to the latest market report, the IoT in Healthcare market was valued at a staggering US$ 91.71 billion in 2021 and is projected to exhibit a remarkable CAGR of 21.8% from 2022 to 2031, ultimately reaching an estimated value of US$ 648.94 billion by
Property Management Software Market Analysis, Size, Share, Growth, Trends, and F …
The Property Management Software Market is emerging as a key player in reshaping the way real estate is managed and optimized. According to recent press releases, the global property management software market was valued at an impressive US$ 14.89 billion in 2021, and projections indicate a robust compound annual growth rate (CAGR) of 8.21% from 2022 to 2031. This momentum is expected to catapult the market to a staggering US$
More Releases for Equine
Equine Supplement Products Market Aims to Expand at Double-Digit Growth Rate Cov …
A new detailed report named as Global Equine Supplement Products market is released now for the benefit of the market players. This report is highly based on the elaborate market study. Information on the recent market trends, current market scenario and market growth is an important instrument to grow and survive in the ever-evolving competitive industry. It helps the new layers to develop a constant strategy which is flexible to
Equine Supplement Products Market Worth US$ 1,15,932.42 thousand by 2028 | Plusv …
According to our new market research study on “Equine Supplement Products Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Supplements, Application, Distribution Channel, and Geography,” the market is expected to reach US$ 1,15,932.42 Thousand in 2028 from US$ 89,436.31 Thousand in 2021. The market is estimated to grow with a CAGR of 3.8% from 2021-2028. Key factors that are driving growth of the market are benefits
Global Equine Supplement Products Market 2020 Business Strategies – Bayer AG, …
The market report titled “Equine Supplement Products Market: by Supplement (Proteins/ Amino Acids, Vitamins, Enzymes, Electrolytes/ Minerals, and Others), by Application (Performance Enhancement, Joint Disorder Prevention, and Others), and by Distribution Channel (Veterinary Hospital Pharmacies, Retail Pharmacies, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Equine Supplement Products
Equine Healthcare Market Projections 2017 - 2025
Presence of large numbers of players engaged in manufacturing of equine healthcare products renders the global market increasingly fragmented. The players span across geographies, and are targeting geographic expansion as a part of the key strategies in the equine healthcare market. A number of regional markets have gathered momentum over the past few years. Asia Pacific has been offering new streams of revenues to key players in the equine healthcare
Equine Supplement Products Market |Industry Key Players - Zoetis, Boehringer Ing …
This report analyzes the current and future scenario of the global equine supplement products market. Increase in interest in gambling, horse racing, and sports, rise in prevalence of equine infections and surge in demand for animal feeds containing electrolytes and minerals are anticipated to drive the market during the forecast period. Furthermore, new product launch by market players, surge in government initiatives toward equine health, and increase in awareness about
Global Equine Pharmaceuticals and Supplements Market 2019 - Virbac, Norbrook Equ …
Equine Pharmaceuticals and Supplements are medicines or supplements that are specially used to supplement nutrition and cure diseases. Get Free Sample Copy of Report Here: http://bit.ly/2DrQ6C7 Scope of the Report: In the last several years, global market of Equine Pharmaceuticals and Supplements developed rapidly, with an average growth rate of 4.52% during 2013 to 2017. In 2017, global revenue of Equine Pharmaceuticals and Supplements is nearly 977 M USD; the actual production is