Press release
Key Trends Shaping the Future Equine Healthcare Market From 2025-2034
Equine Healthcare
During the projected timeframe, the rise in awareness about animal wellness will bolster the expansion of the equine healthcare market. As individuals recognize the valuable role of animals in our ecosystem, their health becomes crucial not only to their own safety and well-being but also to that of humans, given that diseases can quickly pass from animals to people. In light of this, governments and private organizations are making significant investments in enhancing the animal healthcare infrastructure across numerous nations. The Voice of the Consumer: Health and Nutrition Survey by Euromonitor International Ltd, a British data analytics and research firm, reported in February 2023 that the rate of daily or almost daily pet treatment had climbed from 26% in 2021 to 29% in 2023. This indicates that more consumers are prioritizing health over indulgence and are gravitating towards healthy and functional treats. This heightened consciousness about animal healthcare will, therefore, underpin the market's growth throughout the forecast period.
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What Is the projected market size and growth rate for the equine healthcare market?
The market size of equine healthcare has seen robust growth in the past few years. An increase from $1.41 billion in 2024 to $1.49 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 5.6%. This past growth can be credited to factors such as the aging equine population, implementation of preventive healthcare measures, surge in equestrian sports and activities, increasing awareness among horse owners, and due to disease outbreaks and their control.
In the coming years, a significant expansion is predicted for the equine healthcare market, with an expectation to hit $1.91 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.4%. This projected growth during the forecast period can be credited to factors such as genetic testing and personalized medicine, equine wellness programs, internationalization of equine events, readiness for zoonotic diseases, and adherence to anti-doping rules. Leading trends for the forecasted period include the use of telemedicine and remote monitoring, wearable tech for horses, equine rehabilitation and physical therapy, dental care and dentistry services for equines, and the use of herbal and alternative remedies.
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What new trends are reshaping the equine healthcare market and its opportunities?
Key players in the equine healthcare market are focusing on implementing preventative healthcare programs that stress early intervention and offer fixed costs. These initiatives seek to aid horse owners in controlling expenses while promoting prompt detection and treatment of health problems, hence improving overall equine wellbeing. For example, Hook Norton Veterinary Group (HNVG Ltd) debuted the Equiplan Gold Health Care Scheme in September 2024, which seeks to enrich medical services for horses. It prioritizes preventive healthcare and is designed specifically for horse owners to provide predictable medical costs and stimulate early treatment of minor issues before becoming serious medical emergencies. By advocating for preventative measures, the project aims to boost the overall health of horses and reduce financial burdens on their owners.
What major market segments define the scope and growth of the equine healthcare market?
The equine healthcare market covered in this report is segmented -
1) By Product Type: Drugs, Vaccines, Medical Feed Additives
2) By Disease: Equine Influenza, Equine Herpes virus, Equine Encephalomyelitis, West Nile Virus, Equine Rabies, Potomac Horse Fever, Tetanus
3) By Distribution: Veterinary Hospitals And Clinics, Retail Pharmacy, Online Pharmacies
Subsegments:
1) By Drugs: Anti-Inflammatories, Antibiotics, Pain Management Medications, Anesthetics, Hormonal Therapies
2) By Vaccines: Core Vaccines, Risk-Based Vaccines, Combination Vaccines
3) By Medical Feed Additives: Nutritional Supplements, Probiotics And Prebiotics, Performance Enhancers, Medicated Feeds
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Which region dominates the equine healthcare market?
North America was the largest region in the equine healthcare market in 2024. The regions covered in the equine healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the equine healthcare industry growth?
Major companies 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
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What Is Covered In The Equine Healthcare Global Market Report?
•Market Size Forecast: Examine the equine healthcare market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the equine healthcare market for a structured understanding.
•Key Players Overview: Analyze major players in the equine healthcare market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the equine healthcare market.
•Segment Contributions: Evaluate how different segments drive overall growth in the equine healthcare market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the equine healthcare market.
•Industry Challenges: Identify potential risks and obstacles affecting the equine healthcare market.
•Competitive Landscape: Review strategic developments in the equine healthcare market, including expansions, agreements, and new product launches.
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