Top Growth Trends in the Equine Healthcare Market: Key Insights and Opportunities for 2025-2034
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How has the equine healthcare market grown in recent years?
The size of the equine healthcare market has seen a significant increase over the recent years. It is projected to escalate from a value of $1.41 billion in 2024 to around $1.49 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.6%. This strong growth during the historical period can be linked to factors like an aging equine population, advancement in preventive healthcare practices, growth in equestrian sports and activities, increasing owner awareness, and disease control due to outbreaks.
How is the equine healthcare market size expected to evolve during the forecast period?
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Which key drivers are propelling the equine healthcare market’s growth?
The continuous increase in cognizance of animal healthcare will bolster the expansion of the equine healthcare market in the estimated period. The growing knowledge of the significant role animals play in the ecosystem is becoming evident, establishing that their health is not only vital for their protection and welfare but also crucial for human safety and wellbeing. Diseases in animals could easily be transmitted to humans; therefore, the government and private organizations are putting efforts to enhance animal healthcare infrastructure in multiple countries. For instance, in February 2023, data from the Voice of the Consumer: Health and Nutrition Survey by Euromonitor International Ltd., a UK-based data analytics and research firm, showed that the rate of everyday or near-daily pet treatment escalated from 26% in 2021 to 29% in 2023. Consumers are progressively favoring health above overindulgence, opting for wholesome and functional treats. For this reason, the escalating awareness of animal healthcare will back the expansion of the market during the predicted period.
What are the market segments in the equine healthcare industry?
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 leading companies are shaping the growth of the equine healthcare market?
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
What key trends are currently impacting the equine healthcare market’s development?
Leading organizations in the equine healthcare market encompass 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, and Equine Therapy Solutions .
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Which geographic areas are influencing the growth of 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.
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