Equine
Healthcare Market, By Diagnostic Products (Pregnancy and Gestation
Diagnostic, Genotyping Analysis), Therapeutic Products (Dopamine Agonists,
Vaccines, Anti-Bacterial, Anti-Protozoal, Anti-Viral, Laxatives,
Anti-Inflammatory), and Supplements (Performance and Protection Supplements) -
Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Equine Healthcare refers to the
activities and practices aimed for the maintenance of horses. Equine healthcare offers the veterinary
services intended for treating horses to enhance their quality of life, develop
quality animal food and increase lifespan. The total equine population is
directly proportional to the quality of equine healthcare. Equine healthcare
includes a number of activities including diagnosis, therapies and supplements
for maintaining internal health of horses. The diagnostic products help detect
bacteria, viruses and antibodies, therapeutic products helps to treat disease
through vaccination and supplement products helps in maintaining specific
requirements.
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High return on investment and
rise in genotypic analyzers is expected to lead the market expansion
Equine veterinary practice is
expected to be a high overhead owing to prevent the rising diseases like
influenza virus, herpes virus, west nile virus and encephalomyelitis, where the
cost for global vaccination is estimated to be around 30 million dollars by the
Euro Surveillance Journal in 2016. Rising investments and popularity in
alternative forms of gambling like horse racing, online gaming, betting,
competitive riding, high return on investment and leisure is expected to drive
the global equine healthcare market. The growth and rising demand for gestation
diagnosis products, increasing urine test kits, ultrasound devices and
supplement products will boost the global equine healthcare market.
Additionally, the growing initiatives by equine healthcare organizations to
develop drugs for various diseases is expected to give impetus to the equine
healthcare market. The non-invasive test kits are largely preferred by the
veterinarians owing to the easy usage and affordability.
Asia Pacific market is expected
to show positive growth owing to the import of quality of quality breeds and
their maintenance
Regional segmentation of the
equine healthcare market by Coherent Market Insights comprises of North
America, Europe, Asia Pacific, Latin America, Middle East and Africa. According
to the study conducted by the American Horse Council in 2004, U.S. has 9.2
million horses with $39 billion direct economic impact. Also, a total 22,849
horses were imported into the U.S. in 2013, thereby increasing the demand of
equine healthcare in North America.
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The Australian market is among
the leading horse breeding countries of Asia Pacific, hence contributing to the
drastically increasing demand for healthcare products in Asia Pacific.
Additionally, the maintenance of race-horse breeds by the rising investments
from China by specific supplements, therapeutic and protection products drive
the growth of Asia Pacific market.
Animal-health innovation driven
acquisition broadens global equine healthcare market
Key players operating the equine
healthcare market include Affymetrix Inc., Boehringer Ingelheim, Merck, Bayer
Health Care and Elanco Animal Health. The agreement of Sanofi with Bayer equine
health to launch a variety of products to prevent gastric ulcer syndrome,
westnile virus, equine influenza and rabies in horses. The launch of updated equine influenza
vaccine ProteqFlu by Merial broadens the portfolio of leading products. Other
prominent Vendors include Vetoquinol, Novartis Animal Health, Ceva Holdings and
Signostics.
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