Equine health refers to veterinary services intended to treat horses to enhance their quality of life, increase their lifespan, and develop better quality animal food. Equine diagnostic products, equine therapeutic products, and equine supplement products are the three major product types discussed in this report. Equine diagnostic products help to detect bacteria, antibodies, and viruses; equine therapeutic products include vaccination that helps treat any disease condition; and equine supplement products help in maintaining specific requirement of supplements.
Analysts forecast the Global Equine Healthcare market to decline at a CAGR of 1.24 percent over the period 2014-2019.
This report covers the present scenario and the growth prospects of the Global Equine Healthcare market for the period 2015-2019. To calculate the market size, the report considers revenue generated through the sales of various equine healthcare products. In terms of product, the Global Equine Healthcare market can be divided into three segments: Equine Diagnostic Products, Equine Therapeutic Products, and Equine Genotype Analysis.
Global Equine Healthcare Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Equine Healthcare market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Global Equine Healthcare Market: Affymetrix Inc., Bayer HealthCare AG, Boehringer Ingelheim GmbH, Elanco Animal Health Inc., Merck Animal Health, Purina Animal Nutrition LLC and Zoetis Inc.
Other Prominent Vendors in the market are: Boehringer Ingelheim Vetmedica, Ceva Holdings, Merial, Novartis Animal Health, Signostics and Vetoquinol.
The increase in awareness is one key trend emerging in this market. Increased awareness has led to a greater demand for equine healthcare. There are awareness programs conducted to help students and veterinary surgeons explore the opportunities available after graduation as an intern and to initiate equine veterinary practices.
According to the report, one of the main drivers of the market is increased demand for equine in developing countries. At present, horses are being used as police horses and for recreational activities, racing, and entertainment.
Further, the report states that one of the main challenges in the market is the decline in the global equine population. The equine population is directly related to equine healthcare. The global equine population decreased by about 1 million horses per year between 2009 and 2011.
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