The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s equine healthcare market report forecasts the equine healthcare market size to grow to $1.76 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Equine Healthcare Market Report 2023 – https://www.thebusinessresearchcompany.com/report/equine-healthcare-global-market-report

Equine Healthcare Market Size Forecast
The global equine healthcare market is expected to grow from $1.28 billion in 2022 to $1.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The equine healthcare market size is expected to grow to $1.76 billion in 2027 at a CAGR of 6.5%.

North America held the largest equine healthcare market share.

Key Equine Healthcare Market Driver ­– Growth In Awareness Of Animal Healthcare
For instance, in September 2021, the US department of agriculture announced an investment of $3 billion in animal health and nutrition. Thus, the rising awareness among the human population about the importance of animal healthcare and increasing investment in animal healthcare will support the growth of the market, during the forecast period.

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Key Equine Healthcare Market Trend – Introducing New And Effective Products
The introduction of new and effective products by key manufacturers in equine healthcare for rapid detection of disease in the equine population and to ensure better therapeutic outcomes is a key trend in the market. For instance, in June 2021, Epona Biotec, a veterinary startup dedicated to advancing equine health care, launched the VetTrue System, a remote temperature-monitoring system for horses. A team of veterinary, equestrian, and technology professionals developed the VetTrue System to provide a more accurate, less invasive health-monitoring solution for veterinarians, horse owners, and professionals in the equestrian industries. The VetTrue System makes use of a single-use TailTab temperature sensor that is securely attached beneath the tail. Once implanted, the horse’s temperature is continuously monitored and transferred to the VetTrue App through Bluetooth.

Equine Healthcare Market Segment
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

Equine Healthcare Market Major Players and Strategies
Major players in the equine healthcare market are Ethos Veterinary Health LLC, Greencross Limited, Idexx Laboratories, National Veterinary Care Ltd., Patterson Companies Inc., Addison Biological Laboratory Inc., Animart LLC, CVS Group PLC, Merck & Co. Inc., Zoetis, Boehringer Ingelheim, Covetrus, Elanco, Bayer AG, Ceva Sante Animale, Virbac, and Vetoquinol.

In October 2021, IVC Evidensia, a UK-based veterinary care provider acquired VetOne Group for an undisclosed amount. With this acquisition, IVC Evidensia expanded its veterinary care services across France to 155 veterinary clinics and hospitals. VetOne Group is a France-based provider of quality veterinary resources to the animal health industry.

The Equine Healthcare Global Market Report 2023 covers regional data on equine healthcare market size, equine healthcare market trends and drivers, opportunities, strategies, and equine healthcare market competitor analysis. The countries covered in the equine healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Equine healthcare refers to healthcare services that are engaged in offering services and products intended for treating horses to enhance their quality of life, to develop the quality of animal food and to increase their lifespan. Equine healthcare includes veterinary services provided to horses used for racing and betting, competitive riding, and leisure. Routine veterinary care for vaccinations, parasite control, dental care, grooming, hoof care, and protection from natural elements such as rain, wind, and snow are all part of equine healthcare.

View More Reports Related To The Equine Healthcare Market –
Animal Growth Promoters And Performance Enhancers Global Market Report 2023
Poultry Healthcare Global Market Report 2023
Cattle Feed And Feed Additives Global Market Report 2023

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