Equine Healthcare Market: Introduction According to the report, the global equine healthcare market was valued at US$ 698.7 Mn in 2020 and is projected to expand at a CAGR of 4.3% from 2021 to 2028. Horse breeding is a core activity in the equine industry. Hence, choice of breeding stock and better healthcare management of breeds are crucial to improve breeding operations. Occurrence of equine infections is another major concern for the breeders. For instance, South America and the Caribbean have high incidence of Potomac horse fever. The West Nile Virus infection among horses have been controlled; however, sudden emergence of the virus can cause concerns among the horse owners. Moreover, tetanus and equine influenza cases are evident among the global horse community. Hence, high incidence of equine infections is projected to drive the global equine healthcare market. Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=1603 Drugs Segment to Dominate Market Equine drugs was the largest segment in terms of revenue in 2020. The segment is anticipated to expand at a high CAGR during the forecast period. Equine drugs comprise a range of products, including antiinflammatory, anti-infectives, and parasiticides that are used to manage reproductive, metabolic or cardiovascular conditions. Increase in pet ownership and overall expenditure on equine healthcare care have augmented the market for both prescription as well as over-the-counter (OTC) drugs. Veterinary Hospitals/Clinics to be Major Distribution Channel In terms of distribution channel, the veterinary hospitals & clinics segment accounted for major share of the global equine healthcare market in 2020. The veterinary hospitals & clinics segment is anticipated to capture the largest market share by 2028. The segment is projected to register high market attractiveness during the forecast period. Request for Analysis of COVID-19 Impact on Equine Healthcare Market https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1603 The availability of a range of equine healthcare products such as drugs, vaccines, and nutritional supplements in veterinary hospitals and clinics and authenticity of products are attributed to the segment's major market share. The recent trend of surveillance activities from the international and regional animal healthcare agencies is another factor that drives the segment. North America to Lead Global Market North America accounted for a significant share of the global equine healthcare market in 2020, followed by Europe. These two regions are projected to be highly lucrative markets during the forecast period. High adoption rate of horses per household, impressive animal healthcare expenditure, influence of animal welfare program, strong animal research infrastructure, and presence of key vendors can be attributed to high market share of the two regions. Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php? flag=EB&rep_id=1603
Competition Landscape Key players in the global equine healthcare market are Bayer AG (Bayer Animal healthcare), Boehringer Ingelheim, Ceva Santé Animale, Eli Lilly and Company (Elanco), Equine Products UK Ltd., Merck & Co. (Merck Animal healthcare), Sanofi (Merial), Purina Animal Nutrition LLC., Vetoquinol S.A., and Zoetis. More Trending Reports by Transparency Market Research – Womens Health Diagnostics Market: https://www.prnewswire.com/news-releases/global-womenshealth-diagnostics-market-to-reach-valuation-of-us53-8-bn-by-2027-increasing-awareness-aboutwomen-health-to-drive-growth-observes-tmr-301011555.html Parenteral Nutrition Market: https://www.prnewswire.com/news-releases/rise-in-prevalence-offunctional-gi-tract-disorders-to-support-growth-of-parenteral-nutrition-market-says-tmr301338622.html About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial! Contact Us Rohit Bhisey Transparency Market Research, 90 State Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com/