EquineHealthcare Market, By Diagnostic Products (Pregnancy and GestationDiagnostic, Genotyping Analysis), Therapeutic Products (Dopamine Agonists,Vaccines, Anti-Bacterial, Anti-Protozoal, Anti-Viral, Laxatives,Anti-Inflammatory), and Supplements (Performance and Protection Supplements) -Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Equine Healthcare refers to theactivities and practices aimed for the maintenance of horses. Equine healthcare offers the veterinaryservices intended for treating horses to enhance their quality of life, developquality animal food and increase lifespan. The total equine population isdirectly proportional to the quality of equine healthcare. Equine healthcareincludes a number of activities including diagnosis, therapies and supplementsfor maintaining internal health of horses. The diagnostic products help detectbacteria, viruses and antibodies, therapeutic products helps to treat diseasethrough vaccination and supplement products helps in maintaining specificrequirements.
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High return on investment andrise in genotypic analyzers is expected to lead the market expansion
Equine veterinary practice isexpected to be a high overhead owing to prevent the rising diseases likeinfluenza virus, herpes virus, west nile virus and encephalomyelitis, where thecost for global vaccination is estimated to be around 30 million dollars by theEuro Surveillance Journal in 2016. Rising investments and popularity inalternative forms of gambling like horse racing, online gaming, betting,competitive riding, high return on investment and leisure is expected to drivethe global equine healthcare market. The growth and rising demand for gestationdiagnosis products, increasing urine test kits, ultrasound devices andsupplement products will boost the global equine healthcare market.Additionally, the growing initiatives by equine healthcare organizations todevelop drugs for various diseases is expected to give impetus to the equinehealthcare market. The non-invasive test kits are largely preferred by theveterinarians owing to the easy usage and affordability.
Asia Pacific market is expectedto show positive growth owing to the import of quality of quality breeds andtheir maintenance
Regional segmentation of theequine healthcare market by Coherent Market Insights comprises of NorthAmerica, Europe, Asia Pacific, Latin America, Middle East and Africa. Accordingto the study conducted by the American Horse Council in 2004, U.S. has 9.2million horses with $39 billion direct economic impact. Also, a total 22,849horses were imported into the U.S. in 2013, thereby increasing the demand ofequine healthcare in North America.
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The Australian market is amongthe leading horse breeding countries of Asia Pacific, hence contributing to thedrastically increasing demand for healthcare products in Asia Pacific.Additionally, the maintenance of race-horse breeds by the rising investmentsfrom China by specific supplements, therapeutic and protection products drivethe growth of Asia Pacific market.
Animal-health innovation drivenacquisition broadens global equine healthcare market
Key players operating the equinehealthcare market include Affymetrix Inc., Boehringer Ingelheim, Merck, BayerHealth Care and Elanco Animal Health. The agreement of Sanofi with Bayer equinehealth to launch a variety of products to prevent gastric ulcer syndrome,westnile virus, equine influenza and rabies in horses. The launch of updated equine influenzavaccine ProteqFlu by Merial broadens the portfolio of leading products. Otherprominent Vendors include Vetoquinol, Novartis Animal Health, Ceva Holdings andSignostics.
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