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The equine healthcare market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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https://www.thebusinessresearchcompany.com/report/equine-healthcare-global-market-report

The Equine Healthcare Market Size In 2022 And Forecast
The global equine healthcare market is expected to grow from $1.17 billion in 2021 to $1.26 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. 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, affecting many markets across the globe. The global equine healthcare market size is expected to reach $1.57 billion in 2026 at a CAGR of 5.6%.

The equine healthcare market consists of sales of equine healthcare products and related services by entities (organizations, sole traders, or partnerships) 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.

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Growth In Awareness Of Animal Healthcare Is Driving The Growth Of The Equine Healthcare Market
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.

Competitive Landscape And The Regional Analysis Of The Equine Healthcare Market
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.

Additionally, as per TBRC’s research – North America was the largest region in the equine healthcare market in 2021 holding the largest market share.

The Equine Healthcare Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the equine healthcare market.

Introducing New And Effective Products – A Key Trend In The Equine Healthcare Market
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.

Equine Healthcare Market Segmentation By The Business Research Company

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

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