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Equine Healthcare Market Trends

  • Report ID: GMI7396
  • Published Date: Nov 2023
  • Report Format: PDF

Equine Healthcare Market Trends

The market is poised for progression, driven by increasing various governments and commercial institutions that are investing in animal healthcare infrastructure, recognizing the potential transmission of diseases from animals to humans.
 

  • Horses are frequently engaged in recreational activities, such as riding lessons and trail rides. In Minnesota, over 10% of households participate in trail riding, and about 8% engage in riding lessons, impacting expenditure on horse care, equipment, and activity fees. This recreational aspect adds USD 341 million in incremental economic value and generates 7,181 jobs in Minnesota.
     
  • Furthermore, the presence of equine medicinal and diagnostic products, along with the existence of large veterinary hospitals, contributes to market expansion. For instance, the Philip Leverhulme Equine Hospital at the University of Liverpool in Northwest England offers state-of-the-art radiography, capable of producing 3D images of bone and soft tissue. This unique CT system, with its sliding rack design and large diameter, is the only one available for large animal patients in England.
     
  • Also, the facility offer applications in planning reconstructive surgery and diagnosing head-related conditions, such as head shaking, dental problems, sinus diseases, and head trauma.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for equine healthcare was around USD 1.7 billion in 2022 and is expected to reach USD 3.2 billion by 2032.

The veterinary hospital pharmacies segment accounted for USD 798.3 million in 2022 and will grow significantly through 2032 due to their central role in providing essential healthcare services and products.

North America market is expected to record 6.2% CAGR from 2023 to 2032 owing to the increasing presence of horse farms and the annual horse racing events across the region.

Zoetis, Boehringer Ingelheim International GmbH, MERCK & CO., INC., Vetoquinol S.A., Ceva, Hallmarq Veterinary Imaging, SOUND, ESAOTE SPA, Dechra Pharmaceuticals PLC, IDEXX Laboratories, Inc., and Sante Animale.

Equine Healthcare Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 270
  • Countries covered: 21
  • Pages: 160
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