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Equine Veterinary Therapeutics Market Expected to Expand at a Steady CAGR through 2026
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Equine Veterinary Therapeutics Market: Drivers and Restraints
Equine veterinary therapeutics market is growing with the increasing focus on return over investment are growing the market. The growing investments on international racing competition from different geographical regions are expected to fuel the market. The increasing animal healthcare base, growing economy, increasing trend towards pet ownerships is also expected to increase the equine veterinary therapeutic market. The increasing pet population and introduction of new products is expected to increase the market of equine therapeutics. The stringent regulations by government are expected to act as a restraint to the market.
Equine Veterinary Therapeutics Market: Segmentation
The global Equine Veterinary Therapeutics market is classified on the basis of product type, Route of administration and distribution channel
Global equine Veterinary Therapeutics Market, by Product Type
Drugs
Anti- Inflammatory
Anti – Infective
Parasiticides
Others
Vaccines
Recombinant vaccines
Inactivated Vaccines
Live attenuated vaccines
Others
Feed additives
Vitamins
Antibiotics
Amino acids
Enzymes
Others
Global equine Veterinary Therapeutics Market, by route of administration
Oral
Parental
Topical
Global equine Veterinary Therapeutics Market, by Distribution Channel
Veterinary Hospital
Veterinary Clinics
Pharmacies and drug stores
E-commerce
Other
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Equine Veterinary Therapeutics Market: Overview
Drug is the major segment of the market that includes anti-inflammatory, anti- infective, parasitives and others. The other two segment includes vaccines and feed additives. The global vaccine segment is further divided into Recombinant vaccines, Inactivated Vaccines, Live attenuated vaccines and others. The rising awareness among population about different vaccines for equine is expected to boost the market of vaccine segment. The other segment includes medicated feed additives that includes vitamins, antibiotics, amino acids, enzymes and others. The increasing demand for feed additives and affordability is expected to rise the market of this segment. Amino acids are used for better protein production and quality.
Equine Veterinary Therapeutics Market: Regional Overview
Region wise, the global equine veterinary therapeutics market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to lead the market due to better economic condition, better government initiatives and more business investments. Latin America market is expected to hold second largest market share followed by Europe due to increasing trend towards racing competitions and awareness among population.
Market: Key Players
Some of the players in equine veterinary therapeutics market includes: Merck animal heath, Affymetrix, Elanco animal heath,Zoetis (Pfizer Animal Health), Equine Health U.K.and others.
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