26-Apr-2018 | Zion Market Research
With the presence of a large pool of participants, the Global equine healthcare market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Bayer AG, Boehringer Ingelheim, Merck & Company, and Sanofi are some of the key vendors of equine healthcare across the world. These players across equine healthcare market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the equine healthcare market study.
In a major breakthrough that can impact the growth of equine healthcare market, in August 2018, Boehringer Ingelheim Animal Health has put a toolkit as well as video to assist horse owners to know the diagnosing & treating of gastric ulcers occurring in the horses. Reportedly, the firm is encouraging the equine veterinary physicians to offer education to their clients for enhancing awareness about the symptoms of equine gastric ulcer syndrome.
Browse the full "Equine Healthcare Market by Product (Drugs, Vaccines and Supplemental Feed Additives) by Disease (West Nile Virus, Equine Rabies, Equine Influenza, Equine Herpes Virus, Potomac Horse Fever and Others), by Distribution Channel (Veterinary Hospitals and Clinics, Retail Pharmacies and Drug Stores and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023" report at http://www.zionmarketresearch.com/report/equine-healthcare-market
As estimated in this report, the global equine healthcare market stood at US$ 601.83 million in 2017. Witnessing a tremendous rise during the period from 2017 to 2023, the revenue in this market is expected to reach US$ 752.76 million by the end of the forecast period. The main products available in this equine healthcare market are drugs, vaccines and supplemental feed additives. Among the three, the demand for drugs is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Mounting Horse Racing Trends To Boost Equine Healthcare Market Size
“Escalating popularity of horse racing and mounting cases of equine infections along with effective execution of animal healthcare development programs will sustain the growth of equine healthcare market,” says the author of this study. Apart from this, profuse demand for pet insurance coverage policies will generate prolific avenues for equine healthcare market growth in the years ahead. In addition to this, lucrative prize money associated with the horse racing has attracted participants towards event, thereby pushing the growth of equine healthcare market.
Strict legislations associated with horse racing activities along with dipping population of equines are anticipated to hinder the equine healthcare market progression.
Growing Awareness About Equine Healthcare To Aid North American Dominance
Regionally, North America has been leading the worldwide equine healthcare market and is anticipated to continue on the dominant position in the years to come, states the equine healthcare market study. Significant acceptance rate of equines per each household and immense interest in equine healthcare is the main factor behind the dominance of the North America equine healthcare market. Furthermore, the rise in animal healthcare funding activities is likely to support this regional equine healthcare market.
The global equine healthcare market is segmented as follows:
By Disease Type
By Distribution Channel Method
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