Equine Veterinary Therapeutics Market to Grow with a CAGR of 7.21% through 2029
Growing technological advancement on animal health is expected to drive the Global Equine Veterinary Therapeutics Market in the forecast period 2025-2029
According to TechSci Research report, “Equine
Veterinary Therapeutics Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the Global
Equine Veterinary Therapeutics Market stood at USD 1109.05 million in 2023 and is
anticipated to grow with a CAGR of 7.21% through 2029. The Global Equine Veterinary Therapeutics Market is experiencing significant growth and transformation, catering to the diverse healthcare needs of horses. This market expansion is driven by the extensive equine industry and the increasing awareness of equine health, offering a comprehensive range of therapeutic interventions specifically designed for horses. The growth is propelled by the rising demand for advanced veterinary treatments, preventive care, and the surge in equine sporting events.
The therapeutic offerings include medications, vaccines, and rehabilitation services targeting various equine health conditions. A major factor contributing to this growth is the emphasis on enhancing performance and prioritizing preventive healthcare within the equine sector. With an increasing number of horse owners and enthusiasts focusing on the overall well-being and longevity of their animals, there is a rising market demand for veterinary therapeutics that address diseases and support the overall health and performance of horses.
The global nature of equine sporting events and competitions further drives the market expansion. Horses involved in disciplines such as racing, show jumping, and dressage require specialized veterinary care to optimize their performance and ensure their welfare. This trend has led to the development of innovative therapeutic solutions tailored to the unique physiology and healthcare needs of horses. The market offers a diverse range of products, including anti-infectives, anti-inflammatory drugs, vaccines, and supplements. Additionally, technological advancements in diagnostics and treatment methodologies are pivotal in shaping the landscape of equine veterinary therapeutics.
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The Global Equine Veterinary Therapeutics Market is
segmented into drugs, route of administration, distribution channel, regional distribution,
and company.
Based on distribution channel, veterinary hospital segment dominated the Global Equine Veterinary Therapeutics Market in 2023. This is ascribed due to its specialized infrastructure, advanced diagnostics, and comprehensive healthcare services for horses. Veterinary hospitals offer a one-stop solution, providing expert care, diagnostics, and access to a wide range of therapeutics. Horses, as valuable assets, often require specialized medical attention for conditions ranging from injuries to chronic illnesses. Veterinary hospitals are equipped to handle diverse equine health issues, offering advanced treatments, surgeries, and rehabilitation. Their ability to provide holistic care under one roof contributes to the dominance of the veterinary hospital segment in catering to the complex healthcare needs of equines globally.
Major companies operating in Global Equine
Veterinary Therapeutics Market are:
- Merck & Co., Inc.
- Thermo Fisher Scientific Inc (Affymetrix)
- Elanco Animal Health Inc.
- Zoetis Services LLC
- Farnam Companies, Inc.
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“The Global Equine Veterinary Therapeutics Market is
propelled by the expanding equine industry and a heightened emphasis on preventive
healthcare. The surge in equine sporting events and competitions necessitates
specialized veterinary care, driving demand. Growing awareness among horse
owners regarding overall well-being and performance enhancement further fuels
the market. Technological advancements in diagnostics and treatment modalities
contribute to the evolving landscape, while the globalization of equine events
expands the market's reach. This confluence of factors leads to a rising demand
for advanced veterinary treatments, preventive care, and a diverse array of
therapeutic interventions tailored specifically for horses”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“Equine Veterinary Therapeutics Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Drugs (Anti-Inflammatory, Anti-Infective, Parasiticides, Others), By Route of Administration (Oral, Parental, Topical), By Distribution Channel (Veterinary Hospital, Veterinary Clinics, Pharmacies and drug stores, E-commerce, Other), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global
Equine Veterinary Therapeutics Market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in Global
Equine Veterinary Therapeutics Market.
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