Global equine healthcare market is anticipated to grow at a CAGR of 6.1% during the forecast period (2024-2031). In recent times, there have been many reforms on tough animal treatment policies emphasized by many states in the US. The well-being of equines is crucial as they largely contribute to the agriculture, and sports industries among others. In addition rising concerns about the extension of contagions amid horses have made governments put more funds into surveillance and control plans aimed at strengthening the equine healthcare market.
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In March 2023, Zoetis unveiled the integration of two novel functionalities, AI dermatology and AI equine FEC analysis, into its versatile diagnostic platform, Vetscan Imagyst™. These innovative diagnostic enhancements facilitate the expansion of Vetscan Imagyst’s testing capabilities beyond Zoetis’ established AI canine and feline fecal analysis services.
In September 2022, Zoetis completed the acquisition of NewMetrica, an esteemed animal health research institute. This strategic move is geared towards pioneering innovative methodologies aimed at advancing veterinary care and promoting animal welfare on a broader spectrum. The focus lies on enhancing the quality of life and fostering exceptional standards of care for companion animals.
In April 2022, Boehringer Ingelheim International GmbH introduced renuTend, an innovative stem cell therapy crafted to augment the recovery process of tendon and suspensory ligament injuries in equines. This launch offers veterinarians a new therapeutic option for managing conditions associated with tendons and suspensory ligaments.
Global Equine Healthcare Market Report Segment
By Indication
- Musculoskeletal Disorders
- Parasite Control
- Equine Herpes Virus
- Equine Encephalomyelitis
- Equine Influenza
- West Nile Virus
- Tetanus
- Others (Rabies)
By Product
- Vaccines
- Pharmaceuticals
- Parasiticides
- Anti-infectives
- Anti-inflammatory & Analgesics
- Medicinal Feed Additives
- Diagnostics
- Others (Software & Services)
By Distribution Channel
- Veterinary hospital pharmacies
- E-commerce
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Equine Healthcare Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Ceva Animal Health, LLC
- Dechra Veterinary Products Limited
- Elanco Animal Health Inc.
- Equine Products UK Ltd
- ESAOTE SPA
- Hallmarq Veterinary Imaging Ltd.
- Heska Corp.
- IDEXX Laboratories, Inc.
- Krka, tovarna zdravil, d.d., Novo mesto
- Luitpold Pharmaceuticals, Inc.
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