The "Equine Healthcare Global Market Report 2022, By Product Type, Disease, Distribution" report has been added to ResearchAndMarkets.com's offering.
The diseases in animals can easily be transferred to humans hence, governments and private institutions are investing to develop the animal healthcare infrastructure in various countries
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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 market is expected to reach $1.57 billion in 2026 at a CAGR of 5.6%.
North America was the largest region in the equine healthcare market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing awareness of animal healthcare will support the growth of the equine healthcare market during the forecast period. People are becoming more aware of the importance of animals in the ecosystem, and animal health is critical not just for their safety and well-being, but also for the safety and well-being of humans.
The diseases in animals can easily be transferred to humans hence, governments and private institutions are investing to develop the animal healthcare infrastructure in various countries.
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.
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. For instance, in June 2021, Epona Biotec, a veterinary startup dedicated to advancing equine health care, has launched the VetTrue System, a remote temperature-monitoring system for horses.
A team of veterinary, equestrian, and technology professionals developed the VetTrue System to provide a more accurate, less invasive health-monitoring solution for veterinarians, horse owners, and professionals in the equestrian industries.
The VetTrue System makes use of a single-use TailTab temperature sensor that is securely attached beneath the tail. Once implanted, the horse's temperature is continuously monitored and transferred to the VetTrue App through Bluetooth.
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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Press release by Laura Wood,Senior Press Manager