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Equine Healthcare Market Impacted by Swift Decline in Equestrian Market, Expected to Drop to US$24.5 bn by 2019
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According to the study, the sharp decline in the worldwide equestrian market has impacted negatively the global equine healthcare market, resulting in a swift drop in the market’s valuation.The report broadly classifies the global equine healthcare market into equine supplement products, equine diagnostic products, and equine therapeutic products. The equine diagnostic products market comprises equine pregnancy and gestation diagnostic products and equine genotyping analysis products.
Equine urine test kits and equine ultrasound devices are the major equine pregnancy and gestation diagnostic products available in the market. Genetic disease identification products/semen quality analyzers and breed quality analyzers/genotype analyzers kits are the main gestation diagnostic products and equine genotyping analysis products present in this market.
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The equine supplement products market includes equine protection products and equine performance supplements. Equine proteins and amino acids supplements, equine electrolyte supplements, equine vitamin supplements, and various other equine performance supplements are the major components of the equine performance supplements segment. Equine prosthetics and other protection products are prime equine protection products available in the global market.
The equine therapeutic products market consists of equine antivirals, equine antibacterials, equine dopamine agonists, equine antiprotozoals, equine vaccines, equine anti-inflammatory drugs, and equine laxatives.
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An assessment of the worldwide market for equine healthcare on a regional basis has also been provided in this research report. Regionally, the report has segmented this market into North America, Europe, Asia Pacific, and the Rest of the World. Analysts project Asia Pacific to emerge as the dominant regional market for equine healthcare over the forecast period. The increased horse breeding in Australia is likely to support the Asia Pacific equine healthcare market in the coming years.
China is anticipated to lead the Asia Pacific market in the near future equine on account of the increasing import of well-bred horses from various parts of the world. The country is taking a number of initiatives to support equine sports and is investing heavily in the maintenance of the thoroughbred species of horses. These factors are also expected to drive the Asia Pacific equine healthcare market significantly over the next few years, states the research report.
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In conclusion, the report presents an analysis of the competitive landscape of the global equine healthcare market by profiling the key participants in this market. Zoetis Inc., Signostics Ltd., Purina Mills LLC, Merck Animal Health, Equine Products (UK) Ltd., Equine Orthotics and Prosthetics, Equine Diagnostics, Elanco Animal Health, Boerhringer Ingelheim Vetmedica Inc., Bayer Healthcare, and Affymetrix Inc. are the leading market players, profiled in this study.
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