PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1774813
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1774813
Global Equine Healthcare Market to Reach US$10.8 Billion by 2030
The global market for Equine Healthcare estimated at US$7.1 Billion in the year 2024, is expected to reach US$10.8 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2024-2030. Vaccines, one of the segments analyzed in the report, is expected to record a 8.9% CAGR and reach US$3.4 Billion by the end of the analysis period. Growth in the Pharmaceuticals segment is estimated at 6.0% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.9 Billion While China is Forecast to Grow at 11.6% CAGR
The Equine Healthcare market in the U.S. is estimated at US$1.9 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 11.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.5% and 7.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Global Equine Healthcare Market - Key Trends & Drivers Summarized
Why Is Equine Healthcare Gaining More Attention?
The equine healthcare market is expanding as horse owners and trainers place greater emphasis on preventive care, advanced diagnostics, and performance optimization. Advances in veterinary medicine, including regenerative therapies, equine vaccines, and diagnostic imaging, are improving horse health and extending their athletic careers. The increasing awareness of zoonotic diseases and equine epidemics is driving demand for vaccinations, deworming treatments, and biosecurity measures.
The use of telemedicine and AI-driven diagnostics is making veterinary care more accessible, allowing for remote monitoring and early disease detection. Genetic testing is also gaining traction in equine breeding programs, helping breeders identify hereditary diseases and optimize selective breeding strategies. As equestrian sports grow in popularity, the need for specialized healthcare solutions tailored to performance horses is driving innovation in the industry.
How Are Technological Innovations Transforming Equine Healthcare?
The adoption of wearable health monitoring devices for horses is revolutionizing equine healthcare. Smart sensors integrated into halters, saddles, and leg wraps can track vital signs, detect signs of lameness, and monitor hydration levels in real-time. AI-powered analytics are helping veterinarians identify health trends, predict potential injuries, and customize treatment plans.
Additionally, regenerative medicine techniques such as stem cell therapy and platelet-rich plasma (PRP) therapy are being used to treat musculoskeletal injuries in performance horses. Advanced diagnostic tools, including MRI and CT scans, are improving the accuracy of lameness detection and internal health assessments. As research in equine medicine continues to progress, the market is expected to witness increased adoption of personalized and data-driven healthcare solutions.
What Are the Key Factors Driving Growth in the Equine Healthcare Market?
The growth in the equine healthcare market is driven by rising equestrian participation, advancements in veterinary technology, and increasing awareness of preventive care. The demand for specialized supplements, performance-enhancing therapies, and diagnostic imaging solutions is growing, particularly among professional horse owners.
The integration of AI, telemedicine, and wearable health monitoring solutions is expanding access to veterinary care and improving disease management. Additionally, regulatory efforts to enforce equine health standards and vaccination programs are boosting market demand. As the equestrian industry continues to evolve, the equine healthcare market is expected to grow significantly, with innovations in diagnostics, treatment, and disease prevention leading the way.
SCOPE OF STUDY:
The report analyzes the Equine Healthcare market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product Type (Vaccines, Pharmaceuticals, Medicinal Feed Additives, Orthobiologics, Diagnostics, Software & Services, Others); Indication (Musculoskeletal Disorders, Parasitic Infections, Equine Herpes Virus, Equine Viral Arteritis, Equine Influenza, West Nile Virus, Tetanus, Other Indications); Activity (Sports / Racing, Recreation, Other Activities); Distribution Channel (Veterinary Hospitals & Clinics, E-commerce, Equestrian Facilities, Other Channels)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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