Equine Healthcare Market Size Is Going To Boom | Zoetis Inc., Boehringer Ingelheim International GmbH

Equine Healthcare Status, Trends and COVID-19 Impact Report 2022, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider  Equine Healthcare, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region 

Global Equine Healthcare Market is valued at approximately USD 2.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2022-2029. Equine healthcare is medical care and related services that are provided to horses used for racing and wagering, competitive riding, and recreation.

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Equine healthcare encompasses regular veterinary treatment for immunizations, parasite management, and dental care, along with grooming and hoof care and protection from the elements including rain, wind, and snow. The growing prevalence of diseases in horses, and increasing requirements for equine diagnostics, coupled with rising government support are attributed to the market demand across the globe.

The growing awareness regarding animal healthcare is leading the market growth because of the rising initiatives for animal conservation for environmental welfare, along with animal health plays a vital role in the well-being and safety of animals and humans. For instance, the US Department of Agriculture announced a total investment of USD 3 billion in animal health and nutrition in September 2021.

In addition, as per the Centers for Disease Control and Prevention, people with age 50 and under age 15 are more prone to develop severe diseases when infected with the eastern equine encephalitis virus (EEEV). Thus, these aforementioned factors are exhibiting a positive influence on market growth. Furthermore, the rising investments by key industry players, as well as increasing expenditure in the equine racing and sports industry are presenting various growth prospects over the foreseen years. However, the reduction in the equine population and dearth of resources in underdeveloped and developing regions stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Equine Healthcare Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing expenditure on healthcare products and services, along with presence of leading market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing incidences of equine diseases, as well as the rising government support in the regional market.

Major market players included in this report are:

Zoetis Inc.

Boehringer Ingelheim International GmbH

Cev

SOUND

Merck & Co., Inc.

Hallmarq Veterinary Imaging

Esaote SPA

Vetoquinol S.A.

IDEXX Laboratories, Inc.

Dechra Pharmaceuticals PLC

Recent Developments in the Market:

In April 2022, Boehringer Ingelheim International GmbH announced the introduction of RenuTend- a new stem cell therapy. This new launch aims on enhancing the healing of tendon and suspensory ligament injuries in horses.
In September 2022, Zoetis declared the acquisition of NewMetrica, which aims on expanding the company’s companion animal portfolio, by including new health-associated quality-of-life instruments.
Global Equine Healthcare Market Report Scope:

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Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Product, Indication, Activity, Distribution Channel, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Vaccines

Pharmaceuticals

Medicinal Feed Additives

Diagnostics

Software & Services

Others

By Indication:

Musculoskeletal Disorders

Parasite Control

Internal Medicine

Equine Herpes Virus

Equine Influenza

Others

By Activity:

Sports/Racing

Recreation

Others

By Distribution Channel:

Veterinary Hospitals & Clinics

E-commerce

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

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ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

Key inquiries addressed in the report:

• Investigate the COVID 19 outbreak’s effects.
• Our researchers give precise responses, pinpoint significant chances and fresh investments, and suggest excellent market strategy avenues.

These responses will feature a comprehensive examination of the:

• The markets’ current infrastructures
• Market opportunities and challenges
• Future potential for growth in specific industries
• Major geographic and market segments to target, and end-user target groups and their potential operational volumes
• Representative and a value chain opportunity breakdown
• Market size and growth rate throughout the anticipated time frame.
• The market’s main driving forces
• Key market trends are impeding market expansion.
• Obstacles to market expansion.
• Market’s top merchants.
• Thorough SWOT analysis
• Threats and opportunities faced by the current vendors in the global market.
• Trending factors that affect the markets in the various regions.
• Initiatives with a strategic focus on the top vendors.
• PEST study of the five main market regions.

Here the report offers details on import and export, production, earnings, and major players across all regions examined. It covers important manufacturers, significant market segments, the range of goods on offer in the global market, years are taken into account, and research goals.

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