Equine Pharmaceuticals & Supplements Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Pharmaceutical, Supplement), By Distribution Channel (Drug Stores, Veterinary Hospitals, Others), By Region, By Competition Forecast & Opportunities

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 972.89 million

CAGR (2023-2028)

5.90%

Fastest Growing Segment

Pharmaceutical

Largest Market

North America

 

Market Overview

Global Equine Pharmaceuticals & Supplements Market has valued at USD 972.89 million in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 5.90% through 2028. The Global Equine Pharmaceuticals & Supplements Market encompasses a range of products and services designed to address the health and well-being of horses. This market includes pharmaceuticals, nutritional supplements, and healthcare services tailored specifically for horses, aiming to maintain their health, enhance their performance, and treat various medical conditions.

Key Market Drivers

Increasing Equine Population

In recent years, the global equine industry has witnessed a notable phenomenon—the steady and significant increase in the equine population. This surge in horse numbers has not only reshaped the equine landscape but has also had a profound impact on the Global Equine Pharmaceuticals & Supplements Market.

There has been a surge in participation in equestrian activities, including horse riding, show jumping, and dressage. This rise in interest has led to a greater demand for horses, whether as sporting companions or for recreational purposes. The equine industry extends beyond sports and recreation. Horses are indispensable in agriculture, tourism, therapy, and police work, among other sectors. As these industries expand, so does the need for a larger equine workforce. Horses have increasingly become cherished companion animals. Their loyal and gentle nature makes them popular choices for families and individuals alike. This trend has driven a surge in horse ownership.

As the equine population increases, so does the potential customer base for equine pharmaceuticals and supplements. Horse owners, trainers, and enthusiasts are seeking products that can ensure the health and longevity of their beloved animals. A larger equine population brings with it a diverse set of healthcare needs. Horses, like all animals, are susceptible to a range of health issues, from musculoskeletal problems to gastrointestinal disorders. The demand for specialized pharmaceuticals and supplements to address these issues has surged. With a greater number of horses participating in sports and various activities, there is an increased focus on enhancing their performance. This has led to a higher demand for supplements and medications designed to improve stamina, muscle development, and overall fitness. The growth in the equine pharmaceuticals and supplements market has incentivized research and development efforts. Companies are investing in innovative products and therapies to cater to the evolving healthcare needs of horses. As horse owners become more health-conscious, there is a growing preference for holistic and natural approaches to equine health. This trend has led to the development and increased use of herbal supplements, nutraceuticals, and alternative therapies. The equine population surge is not limited to a single region. It is a global phenomenon. As a result, the equine pharmaceuticals and supplements market is expanding its reach and tapping into new and emerging markets.

Rising Awareness of Equine Health

In recent years, there has been a remarkable surge in the awareness of equine health, driven by the growing recognition of the importance of proper care and well-being for horses. This heightened awareness is not only transforming the way horses are cared for but also acting as a powerful catalyst for the growth of the Global Equine Pharmaceuticals & Supplements Market.

With the proliferation of information on the internet, horse owners have easier access to educational resources on equine health. They can now stay informed about various health issues, preventative care, and the latest advancements in equine healthcare. Veterinarians, equine specialists, and trainers play pivotal roles in disseminating knowledge about equine health. Their expertise helps horse owners make informed decisions regarding healthcare, nutrition, and supplements. Media platforms, equestrian magazines, and equine advocacy groups have actively promoted the importance of equine health. They spotlight success stories, best practices, and the latest research, reinforcing the significance of proper equine care.

As horse owners become more informed, they increasingly prioritize preventive healthcare measures. This includes routine check-ups, vaccinations, and the use of supplements to address specific health concerns before they escalate. The demand for specialized pharmaceuticals and supplements tailored to equine health needs has surged. Horse owners seek products designed to address specific issues, such as joint health, digestive problems, and coat quality. The awareness of equine health extends to performance enhancement. With horses participating in various sports and activities, there is a growing demand for supplements and medications designed to enhance stamina, strength, and overall fitness. There is a growing preference for natural and holistic approaches to equine health. Herbal supplements, nutraceuticals, and alternative therapies have gained popularity due to their perceived safety and efficacy. Regulatory authorities in various regions are increasingly focusing on equine health product safety, efficacy, and accurate labeling. This fosters consumer trust and confidence in the market. The awareness-driven demand for equine health solutions has prompted investment in research and innovation. Companies are continuously developing new and improved products to meet the evolving needs of horses and their owners.

Growing Participation in Equine Sports and Activities

The world of equine sports and activities has seen a significant surge in participation over the years. From horse racing to show jumping, dressage to rodeo, and beyond, the love for horses and equestrian pursuits is thriving. This burgeoning interest isn't just reshaping the equine landscape—it's also acting as a major catalyst for the growth of the Global Equine Pharmaceuticals & Supplements Market.

Equine sports and activities offer thrilling spectacles that captivate audiences around the world. From the adrenaline rush of horse racing to the precision of dressage, these events provide entertainment that transcends borders. For many, horses are not just athletes; they are companions and a way of life. Enthusiasts of all ages are drawn to the beauty and majesty of horses, and they actively participate in various equestrian disciplines. Equine sports and activities are physically demanding for both horses and riders. They promote fitness, teamwork, and a sense of achievement, making them attractive options for individuals seeking an active and healthy lifestyle.

Participants in equine sports are keen to maximize their horses' performance. This has led to an increased demand for supplements and medications designed to enhance stamina, muscle development, and overall fitness. The rigors of training and competition can take a toll on a horse's health. Horse owners and trainers are increasingly focused on maintaining their animals' health and well-being. This drives the demand for pharmaceuticals and supplements that address specific issues such as joint health and stress management. Injuries are an inherent risk in equine sports. The market responds with products aimed at injury prevention and rehabilitation, including specialized pharmaceuticals and supplements that promote faster recovery. As the nutritional needs of sport horses vary from those of leisure horses, there is a growing demand for specialized equine supplements that provide essential nutrients to support athletic performance. The pursuit of excellence in equine sports and activities has prompted investment in research and development. Companies are continuously innovating to create products that meet the evolving needs of athletes, both human and equine. The global reach of equine sports means that the equine pharmaceuticals and supplements market is expanding into new regions and markets, as enthusiasts seek products to support their equine partners.

Advancements in Veterinary Science

The field of veterinary science is on a constant quest for improvement and innovation, and nowhere is this more evident than in the care and well-being of horses. Equine health has benefited significantly from advancements in veterinary science, leading to the growth of the Global Equine Pharmaceuticals & Supplements Market.

Modern diagnostic tools, such as advanced imaging techniques, genetic testing, and biomarker analysis, allow veterinarians to identify and understand equine health issues with unprecedented accuracy. Equine healthcare has seen the development of novel treatment modalities, including regenerative medicine, targeted therapies, and minimally invasive surgical techniques, which have improved treatment outcomes and shortened recovery times. The collaboration between veterinary experts, researchers, and pharmaceutical companies has led to the development of specialized equine pharmaceuticals and supplements tailored to address specific health concerns.

 Veterinary science has facilitated the development of highly specialized equine pharmaceuticals to address a range of health issues. These medications are designed to be safe, effective, and tailored to equine physiology, which is distinct from other animals. Equine supplements have evolved to meet precise nutritional requirements. Veterinarians and equine nutritionists collaborate to develop supplements that support overall health, address specific deficiencies, and enhance performance. Advances in veterinary science have encouraged a more holistic approach to equine health. This includes the use of natural and herbal supplements, nutraceuticals, and alternative therapies to complement conventional treatments. With better diagnostic tools and a deeper understanding of equine health, preventive care has become a cornerstone of equine healthcare. This has driven the demand for pharmaceuticals and supplements that can help prevent common health issues. Veterinarians now have access to a wealth of information and research, allowing them to make informed decisions about equine healthcare. They can recommend the most appropriate pharmaceuticals and supplements for each horse's unique needs. As advancements in veterinary science spread across the globe, the equine pharmaceuticals and supplements market is expanding into new regions and markets, making these products accessible to a wider equine community.


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Key Market Challenges

Counterfeit Products

Counterfeit equine pharmaceuticals and supplements pose a significant challenge to the market. These products are often substandard, containing incorrect ingredients or incorrect dosages, potentially endangering the health of horses and eroding trust within the industry.

Research and Development Costs

Developing and testing new equine pharmaceuticals and supplements can be costly and time-consuming. The need for rigorous testing and clinical trials to demonstrate safety and efficacy adds to the financial burden, particularly for smaller companies.

Limited Market Access

In some regions, access to equine pharmaceuticals and supplements may be limited due to logistical challenges or inadequate distribution networks. This can hinder the availability of essential products for horse owners and trainers.

Product Safety and Transparency

Ensuring the safety of equine pharmaceuticals and supplements is paramount, but occasional product recalls or safety concerns can erode consumer trust. Maintaining transparency in labeling, ingredients, and production processes is crucial to addressing this challenge.

Key Market Trends

Natural and Herbal Supplements

A significant trend in the equine supplements market is the growing demand for natural and herbal products. Horse owners are increasingly seeking alternative, holistic approaches to equine health, favoring supplements made from herbs, botanicals, and plant-based ingredients known for their therapeutic properties. These products are often seen as gentler alternatives to traditional pharmaceuticals.

Sustainability and Eco-Friendly Practices

As environmental consciousness grows, equine pharmaceuticals and supplements manufacturers are increasingly focusing on sustainability. This includes eco-friendly packaging, responsibly sourced ingredients, and efforts to reduce the environmental footprint of production processes. Brands that prioritize sustainability may have a competitive edge in the market.

Regenerative Therapies

Regenerative therapies, such as stem cell therapy and platelet-rich plasma (PRP) treatments, are gaining prominence in equine healthcare. These therapies offer potential benefits for conditions like osteoarthritis and tendon injuries, providing an alternative to traditional medications and surgery.

Nutraceutical Innovations

Nutraceuticals, which combine the benefits of nutrition and pharmaceuticals, are poised for innovation. Companies are exploring new delivery methods, such as microencapsulation and nanoparticles, to enhance the bioavailability of key nutrients, ensuring horses receive maximum benefit from their supplements.

Segmental Insights

Product Insights

Based on the category of Product, Pharmaceutical products are poised to dominate the Global Equine Pharmaceuticals & Supplements Market in 2022 and sustain their leadership in the coming years due to several compelling factors. Firstly, the equine industry is witnessing a growing emphasis on animal health and welfare, leading to increased demand for high-quality pharmaceuticals and supplements. This trend is expected to continue as horse owners and trainers prioritize the well-being and performance of their animals.

Moreover, pharmaceutical companies invest heavily in research and development, enabling them to introduce innovative pharmaceutical products that address specific equine health issues effectively. Additionally, their established distribution networks and strong brand recognition further solidify their position in the market. Furthermore, stringent regulatory requirements in the pharmaceutical sector create barriers to entry, giving established companies a competitive advantage. With a commitment to quality, and regulatory compliance, pharmaceutical products are well-positioned to dominate and maintain their dominance in the Global Equine Pharmaceuticals & Supplements Market in the forecast years.

Distribution Channel Insights

Drug stores are poised to dominate the Global Equine Pharmaceuticals & Supplements Market and are well-positioned to maintain their dominance in the forecast years for several compelling reasons. Firstly, drug stores have a widespread and established presence, offering convenience and accessibility to a broad customer base. This established retail network allows them to efficiently distribute equine pharmaceuticals and supplements to horse owners and trainers globally. Secondly, drug stores often have a reputation for reliability and trustworthiness in the pharmaceutical industry, bolstered by strict adherence to regulatory standards. This trust factor is crucial in a market where the health and well-being of horses are paramount. Additionally, drug stores have the financial resources to invest in research and development, ensuring they can offer a diverse range of products tailored to equine health needs. With their established retail infrastructure, consumer trust, and commitment to product quality, drug stores are well-poised to dominate and sustain their dominance in the Global Equine Pharmaceuticals & Supplements Market in the forecast years.


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Regional Insights

North America is set to dominate the Global Equine Pharmaceuticals & Supplements Market in 2022 due to its well-established equine industry, strong economic stability, and a high level of awareness regarding equine health and welfare. The region benefits from a robust network of equine professionals, including trainers, veterinarians, and horse owners, who prioritize the health and performance of their animals. This has created a substantial market for pharmaceuticals and supplements tailored to equine needs.

Meanwhile, the Asia Pacific region is expected to experience significant growth in the forecast years. The region's emerging economies, such as China and India, are witnessing a rising interest in equestrian sports and leisure activities involving horses. As disposable incomes increase and awareness of equine health grows, the demand for pharmaceuticals and supplements is expected to surge. Consequently, the Asia Pacific region presents immense growth potential, and with effective market penetration strategies, it is likely to become a key player in the Global Equine Pharmaceuticals & Supplements Market in the coming years.

Recent Developments

  • In May 2021, the Chinese Ministry of Agriculture and Rural Affairs officially issued the Registration Certificate for the importation of GastroGard, an omeprazole oral paste. This significant development marks a milestone for the equine pharmaceutical industry in China, as GastroGard, produced by Boehringer Ingelheim, a renowned global leader in animal health, becomes the first equine drug to receive approval for import into the Chinese market. GastroGard is widely endorsed by veterinarians worldwide as the preferred treatment for equine stomach ulcers and currently holds the distinction of being the sole veterinary drug authorized by the FDA in the United States for both the treatment and prevention of gastric ulcers in horses. 

Key Market Players

  • Zoetis Inc
  • Boehringer Ingelheim GmbH
  • Merck & Co Inc
  • Elanco Animal Health Inc
  • Bayer AG
  • Ceva Sante Animale SA
  • Virbac SA
  • Vetoquinol SA
  • Affymetrix Inc
  • Celltrion Inc

 By Product

By Distribution Channel

By Region
  • Pharmaceutical
  • Supplement
  • Drug Stores
  • Veterinary Hospitals
  • Others
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Equine Pharmaceuticals & Supplements Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Equine Pharmaceuticals & Supplements Market, By Product:

o   Pharmaceutical

o   Supplement

  • Equine Pharmaceuticals & Supplements Market, By Distribution Channel:

o   Drug Stores

o   Veterinary Hospitals

o   Others

  • Equine Pharmaceuticals & Supplements Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   Asia-Pacific

§  China

§  Japan

§  India

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Equine Pharmaceuticals & Supplements Market.

Available Customizations:

Global Equine Pharmaceuticals & Supplements market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Equine Pharmaceuticals & Supplements Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Equine Pharmaceuticals & Supplements Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product (Pharmaceutical, Supplement)

5.2.2.    By Distribution Channel (Drug Stores, Veterinary Hospitals, Others)

5.2.3.    By Region

5.2.4.    By Company (2022)

5.3.  Product Market Map

5.3.1.    By Product

5.3.2.    By Distribution Channel

5.3.3.    By Region

6.    North America Equine Pharmaceuticals & Supplements Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product (Pharmaceutical, Supplement)

6.2.2.    By Distribution Channel (Drug Stores, Veterinary Hospitals, Others)

6.2.3.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Equine Pharmaceuticals & Supplements Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Product

6.3.1.2.2.           By Distribution Channel

6.3.2.    Canada Equine Pharmaceuticals & Supplements Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Product

6.3.2.2.2.           By Distribution Channel

6.3.3.    Mexico Equine Pharmaceuticals & Supplements Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Product

6.3.3.2.2.           By Distribution Channel

7.    Europe Equine Pharmaceuticals & Supplements Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product (Pharmaceutical, Supplement)

7.2.2.    By Distribution Channel (Drug Stores, Veterinary Hospitals, Others)

7.2.3.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Equine Pharmaceuticals & Supplements Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product

7.3.1.2.2.           By Distribution Channel

7.3.2.    United Kingdom Equine Pharmaceuticals & Supplements Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product

7.3.2.2.2.           By Distribution Channel

7.3.3.    France Equine Pharmaceuticals & Supplements Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product

7.3.3.2.2.           By Distribution Channel

7.3.4.    Italy Equine Pharmaceuticals & Supplements Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Product

7.3.4.2.2.           By Distribution Channel

7.3.5.    Spain Equine Pharmaceuticals & Supplements Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Product

7.3.5.2.2.           By Distribution Channel

8.    Asia-Pacific Equine Pharmaceuticals & Supplements Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product (Pharmaceutical, Supplement)

8.2.2.    By Distribution Channel (Drug Stores, Veterinary Hospitals, Others)

8.2.3.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Equine Pharmaceuticals & Supplements Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product

8.3.1.2.2.           By Distribution Channel

8.3.2.    Japan Equine Pharmaceuticals & Supplements Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product

8.3.2.2.2.           By Distribution Channel

8.3.3.    India Equine Pharmaceuticals & Supplements Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product

8.3.3.2.2.           By Distribution Channel

8.3.4.    Australia Equine Pharmaceuticals & Supplements Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Product

8.3.4.2.2.           By Distribution Channel

8.3.5.    South Korea Equine Pharmaceuticals & Supplements Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Product

8.3.5.2.2.           By Distribution Channel

9.    South America Equine Pharmaceuticals & Supplements Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product (Pharmaceutical, Supplement)

9.2.2.    By Distribution Channel (Drug Stores, Veterinary Hospitals, Others)

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Equine Pharmaceuticals & Supplements Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product

9.3.1.2.2.           By Distribution Channel

9.3.2.    Argentina Equine Pharmaceuticals & Supplements Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product

9.3.2.2.2.           By Distribution Channel

9.3.3.    Colombia Equine Pharmaceuticals & Supplements Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Product

9.3.3.2.2.           By Distribution Channel

10. Middle East and Africa Equine Pharmaceuticals & Supplements Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Product (Pharmaceutical, Supplement)

10.2.2. By Distribution Channel (Drug Stores, Veterinary Hospitals, Others)

10.2.3. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Equine Pharmaceuticals & Supplements Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product

10.3.1.2.2.         By Distribution Channel

10.3.2. Saudi Arabia Equine Pharmaceuticals & Supplements Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product

10.3.2.2.2.         By Distribution Channel

10.3.3. UAE Equine Pharmaceuticals & Supplements Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product

10.3.3.2.2.         By Distribution Channel

10.3.4. Kuwait Equine Pharmaceuticals & Supplements Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Product

10.3.4.2.2.         By Distribution Channel

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Development

12.2.             Mergers & Acquisitions

12.3.             Product Launches

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14. Competitive Landscape

14.1.             Business Overview

14.2.             Product Offerings

14.3.             Recent Developments

14.4.             Financials (As Reported)

14.5.             Key Personnel

14.6.             SWOT Analysis

14.6.1.  Zoetis Inc

14.6.2.  Boehringer Ingelheim GmbH

14.6.3.  Merck & Co Inc

14.6.4.  Elanco Animal Health Inc

14.6.5.  Bayer AG

14.6.6.  Ceva Sante Animale SA

14.6.7.  Virbac SA

14.6.8.  Vetoquinol SA

14.6.9.  Affymetrix Inc

14.6.10.                Celltrion Inc

15.  Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Equine Pharmaceuticals & Supplements Market was estimated to be USD 972.89 million in 2022.

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Zoetis Inc, Boehringer Ingelheim GmbH, Merck & Co Inc, Elanco Animal Health Inc, Bayer AG, Ceva Sante Animale SA, Virbac SA, Vetoquinol SA, Affymetrix Inc, Celltrion Inc are some of the key players operating in the Global Equine Pharmaceuticals & Supplements Market.

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Counterfeit products, research and development costs, ethical concerns, are some of the major challenges faced by the Global Equine Pharmaceuticals & Supplements Market in the upcoming years.

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Increasing equine population and growing participation in equine sports and activities are the major drivers for the Global Equine Pharmaceuticals & Supplements Market.

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Sakshi Bajaal

Business Consultant
Press Release

Equine Pharmaceuticals & Supplements Market to Grow with a CAGR of 5.90% through 2028

Oct, 2023

Rising participation in equine sports and activities, and a growing equine population are expected to drive the Global Equine Pharmaceuticals & Supplements Market growth in the forecast period, 2024-

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