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Equine Healthcare Market: Growth Drivers, Market Size, and Key Trends
Equine Healthcare Market
What Is The Projected Market Size Of The Global Equine Healthcare Market And Its Growth Rate?
The equine healthcare market size has witnessed robust growth in the recent years.
• The market grew from $1.41 billion in 2024 to $1.49 billion in 2025, at a compound annual growth rate (CAGR) of 5.6%.
• Factors such as aging equine population, preventive healthcare practices, equestrian sports and activities, disease control, and rising awareness among owners contributed significantly to this growth.
• The market is projected to continue its growth trajectory, reaching $1.91 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%.
• This anticipated growth during the forecast period can be attributed to developments in genetic testing and personalized medicine, equine wellness programs, globalization of equine events, zoonotic disease preparedness, and compliance with anti-doping regulations.
What Is Driving The Growth In The Equine Healthcare Market?
The growth in the equine healthcare market is primarily driven by the growing awareness of animal healthcare. The significance of animal health extends beyond their safety and well-being, affecting human safety due to the potential transfer of diseases from animals to humans. Governments and private institutions worldwide are investing in developing the animal healthcare infrastructure. For instance, according to a survey by Euromonitor International Ltd, the frequency of daily or nearly daily pet treatment increased from 26% in 2021 to 29% in 2023, indicating an inclination towards health over indulgence, and an increased use of nourishing and functional treats.
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Who Are the Key Players Driving Equine Healthcare Market Growth?
Key firms operating in the equine healthcare market include
• Merck & Co. Inc.
• Boehringer Ingelheim
• Zoetis Inc.
• Patterson Companies Inc.
• Elanco
• Idexx Laboratories Inc.
• Covetrus
• Ceva Sante Animale
• Virbac
• Hilltop BioSciences Inc.
• Dechra Pharmaceuticals plc
• CVS Group PLC
• Vetoquinol
• Purina Animal Nutrition LLC
• Applied Biologics
• SOUND
• Hallmarq Veterinary Imaging
• Ethos Veterinary Health LLC
• Addison Biological Laboratory Inc.
• Animart LLC
• Prisma Imaging
• Bimini LLC
• Equine Therapy Solutions
What Are The Key Trends In The Equine Healthcare Market?
Notable trends in the equine healthcare market include:
• Telemedicine and remote monitoring solutions
• Wearable technologies for horses
• Equine rehabilitation and physical therapy
• Equine dental care and dentistry services
• Herbal and alternative therapies
What Are The Segments Of The Global Equine Healthcare Market?
The equine healthcare market can be segmented into:
• By Product Type: Drugs, Vaccines, Medical Feed Additives
• By Disease: Equine Influenza, Equine Herpes virus, Equine Encephalomyelitis, West Nile Virus, Equine Rabies, Potomac Horse Fever, Tetanus
• By Distribution: Veterinary Hospitals and Clinics, Retail Pharmacy, Online Pharmacies
Which Region Leads The Equine Healthcare Market?
North America was the largest region in the equine healthcare market in 2024. The equine healthcare market report includes data analysis for regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Equine Healthcare Market Global Market Report?
- Market Size Analysis: Analyze the Equine Healthcare Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Equine Healthcare Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Equine Healthcare Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Equine Healthcare Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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