African Horse Sickness Treatment Market Size, Share, Growth Report 2032

Industry Perspective:

The African horse sickness treatment market size was USD 7.15 Billion in 2022 and is anticipated to reach USD 40.12 Billion by the end of 2030. The market is likely to grow with a healthy CAGR of 16.98% during the anticipated period.

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The African horse sickness treatment market report offers detailed analytical insights into the top companies in the global marketplace. The African horse sickness treatment industry report is a mix of both deep primary and secondary research dedicated to discovering the upcoming market trends, growth restraining factors, and opportunities.

African Horse Sickness Treatment Market: Overview

African horse sickness is a fatal disease caused by the African horse sickness virus. It is majorly found in donkeys, mules, and horses. It is caused by nine serotypes associated with this virus. The disease is not contagious and is spread by insect vectors.

The infection is capable of causing epidemic outbreaks. An ideal diet plan and uniform deworming can help in treating the disease. Also, a proper vaccination program is needed to prevent the spread of African horse sickness. However, there is no specific medication given for treating this virus. Therefore, it is advised to avoid close contact with horses.

Key Insights

• As per the analysis shared by our research analyst, the African horse sickness treatment market size is estimated to grow annually at a CAGR of around 16.98% over the forecast period (2023-2030).
• In terms of revenue, the African horse sickness treatment market size was valued at around USD 7.15 billion in 2022 and is projected to reach USD 40.12 billion by 2030.
• The increasing investments in R&D to offer preventive immunizations are likely to boost the global African horse sickness treatment market size growth.
• Based on the type, the clinical form segment accounts for the largest share of the global market.
• Based on the application, the laboratory segment swipes the largest share of the global market.
• Based on region, North America is expected to dominate the market during the forecast period.

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African Horse Sickness Treatment Market: Growth Drivers

Increasing investments in R&D to offer preventive immunizations is likely to boost the growth of the global market.

Companies are investing heavily in research and development activities to offer preventive recommendations and immunizations made by authoritative organizations regarding the species' health. This strategic step will aid in the development of new medications and therapies for the treatment of AHS; thereby, it is expected to propel the growth of the African horse sickness treatment market.

The increasing per capita income of people is allowing them to spend on their hobbies and luxurious activities. Therefore, people nowadays are spending heavily on horses and horse-related leisure activities. Such a landscape is expected to expedite the market growth significantly during the anticipated period.

The increasing population of equestrians among Africans is another big reason for the growth of the African horse sickness treatment market. Better transportation and improved healthcare infrastructure are further expected to positively impact the growth trajectory of the global market during the forecast period.

African Horse Sickness Treatment Market: Restraints

Unawareness among people is likely to hamper the growth of the global market.

There is no awareness among people regarding AHS and its treatment. People try to manage the arising symptoms through local or clinical treatment. Therefore, it is expected to restrict the growth of the African horse sickness treatment industry.

African Horse Sickness Treatment Market: Opportunities

Growing demand for horse meat is likely to offer growth opportunities in the global market.

There is a high demand for horse meat among people globally, particularly in Africa which is likely to offer lucrative growth opportunities in the African horse sickness treatment market.

The growing modernization and rapid urbanization are increasing the expenditure on healthcare. Therefore, it is expected to widen the scope of the global market. Also, the increasing awareness among people regarding the early diagnosis and treatment of AHS is likely to further accentuate the growth of the African horse sickness treatment market.

African Horse Sickness Treatment Market: Challenges

High cost of healthcare services is a big challenge in the global market.

The growing cost of healthcare services is a huge challenge in the global marketplace as it restricts a huge pool of people from completing a medication course for their illness. Also, the diagnoses and scanning services are costlier than before.

African Horse Sickness Treatment Market: Segmentation

The African horse sickness treatment market can be segmented into type, application, and region.

By type, the market can be segmented into clinical forms and diagnosis. The clinical form segment accounts for the largest share of the global market during the forecast period.

Clinical forms refer to treating the clinical symptoms associated with AHS, like NSAIDs, hydration, antipyretics, etc. As there is no treatment for AHS, it is typically treated by managing the arising symptoms. Also, the people are not very aware of the medication. Therefore, they prefer the clinical form of treatment for AHS.

The diagnosis segment is expected to grow significantly during the forecast period due to the growing people's awareness regarding the disease. Also, people nowadays take proper medication at early stages to avoid complications at later stages. The developments in the healthcare sector have made the various healthcare services accessible to almost every individual.

The government has also complemented its efforts by offering favorable reimbursement policies. Therefore, such a landscape is anticipated to propel the growth of the segment in the African horse sickness treatment market.

By applications, the market can be segmented into laboratory tests and serological tests. The laboratory segment swipes the largest share of the global market during the predicted period.

The growth is majorly due to the increase in the laboratories offering African horse sickness testing services. For example, Animal Health Diagnostic Centers deliver a variety of diagnostic services for health problems associated with equine, like digestive disorders, respiratory disease, skin issues, etc. Also, the company offers training to perform tests by delivering step-by-step instructions.

The serological test is expected to grow steadily during the forecast period owing to the growing demand for these tests to confirm the AHS disease. The growing tech developments in the healthcare sector are further strengthening the growth of the segment.

Recent Developments:

• Onderstepoort biological products SOC Ltd on December 2, 2022, announced coming up with new vaccines like heartwater, tick-borne gall sickness, Asian redwater, and African redwater vaccines before December 20, 2022.
• Boehringer Ingelheim got approval for its new vaccine named Cyltezo Pen from the FDA in October 2021. It is expected to be available in the market from July 2023.

African Horse Sickness Treatment Market: Report Scope

African Horse Sickness Treatment Market: Regional Analysis

North America to rule the market during coming period

North America is expected to dominate the African horse sickness treatment market due to the growing awareness among people regarding the symptoms and treatment of these diseases in the region.

The technological development in the region, particularly in the healthcare sector is anticipated to propel the growth of the regional market significantly during the forecast period. The presence of strong market players in the region is also responsible for the heavy growth rate of the regional market. Also, the market in the region is anticipated to expand vigorously in the forthcoming years due to the latest guidelines and operations.

Asia Pacific is also expected to grow steadily in the forthcoming years due to the fast-growing healthcare sector. Additionally, the increasing number of pharmaceutical companies in the region is another major reason affecting the growth of the region positively. India, South Korea, and Japan are a few of the emerging nations in the region, swiping larger market volumes of the global African horse sickness treatment market.

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Europe is also anticipated to see huge growth prospects in the forthcoming years owing to the increasing awareness among people reading about taking proper treatment for AHS. The commercialization of new and innovative drugs is further expected to widen the scope of the regional market in the forthcoming years. The increasing investment by pharmaceutical companies to boost the research and development activities to come up with innovative drugs and grab a competitive edge in the global marketplace.

African Horse Sickness Treatment Market: Competitive Analysis

The key players in the African horse sickness treatment market include:

• Boehringer Ingelheim
• Zoetis
• Merial
• Onderstepoort biological products SOC Ltd
• Veterinary Serum & Vaccine Research Institute
• Others.

The African horse sickness treatment market is segmented as follows:

By Type

• Clinical Forms
• Diagnosis

By Application

• Laboratory Tests
• Serological Tests

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa