Global Equine Health Market to Rise at a Steady CAGR; Increasing Emphasis on Animal Health Welfare to Provide Impetus for growth, says Fortune Business Insights

(The Express Wire via Comtex)

The global equine health market is likely to derive growth from the increasing number of product launches, aimed at enhancing equine health. According to a report by Fortune Business Insights, titled “Equine Health Market Size, Share and Industry Analysis, By Product Type (Drugs, Vaccines, Feed additives), By Disease Type (Nile virus, Potomac horse fever, Equine rabies, Tetanus, Equine influenza, Others), By Distribution Channel (Veterinary hospitals and clinics, Retail pharmacy, Online pharmacies) and Regional Forecast, 2019-2026,” the market will benefit from the increasing prevalence of infectious animal diseases. Equine are animals that are related to the horse family. Horses are involved in several activities such as racing, polo, agriculture transport, warfare, entertainment, and therapeutic uses. Equine is also one of the most widely adopted pets in the world.

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Leading Players operating in the Equine Health Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

  • Boehringer Ingelheim International GmbH
  • Bayer AG
  • Elanco, Intervet Inc.
  • Purina Animal Nutrition LLC
  • Equine Products UK LTD
  • Zoetis
  • Vetoquinol S.A.

The report covers:

  • Global Equine Health Market trends, with detailed analysis on consumer trends and manufacturer trends.
  • Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
  • Key areas of investments identifying market opportunities and challenges in forecast timeframe.
  • Competitive analysis of the industry players along with the overview on strategic management.
  • Comprehensive company profiles of the major industry players.

High Prevalence of Equine Diseases to Boost the Market in North America

Besides the factors mentioned above, the report classifies the market on the basis of regional demographics. The report categorizes the global equine health market into five main regions that are North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Among these regions, the rate of adoption of equine as a pet is the highest in North America. Moreover, there is a high prevalence of infectious diseases in this region. Along with the aforementioned factors, the availability of excellent treatment options will aid the growth of the equine health market in North America. Increased healthcare expenditure is another factor that has contributed to market growth.

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High Prevalence of Diseases Has Resulted in the Launch of Novel Therapeutics, Subsequently Aiding Market Growth

The high prevalence of infectious diseases among horses and other animals in the equine family has created a severe emphasis on the need for early detection. As a result, several new drugs have been introduced in the market. The report highlights a few of the major drugs and treatment options associated with equine diseases in recent years. Zoetis’ ‘Core EQ Innovator’ is a perfect example of a major product launch that has made a positive influence on the global equine health market growth. The Core EQ Innovator is an equine vaccine used for resistance against tetanus, rabies, and a few of the other horse diseases. Fortune Business Insights has predicted that the increasing number of such product launches will have a direct impact on the growth of the global equine health market in the forthcoming years.

Global Equine Health Market Segmentation:

By Product Type

  • Drugs
  • Vaccines
  • Feed additives

By Disease Type

  • Nile virus
  • Potomac horse fever
  • Equine rabies
  • Tetanus
  • Equine influenza
  • Others

By Distribution Channel

  • Veterinary hospitals and clinics
  • Retail pharmacy
  • Online pharmacies

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)

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Report Focus:

  • Extensive product offerings
  • Customer research services
  • Robust research methodology
  • Comprehensive reports
  • Latest technological developments
  • Value chain analysis
  • Potential Equine Health Market opportunities
  • Growth dynamics
  • Quality assurance
  • Post-sales support
  • Regular report updates

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  • Comprehensive analysis of the Equine Health Market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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