Equine Healthcare Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Equine
has been used since long for transportation, warfare and farming purposes.
Today, they are used as police horses, recreation, racing and entertainment.
Horse serum is also used to develop a variety of vaccines and antitoxins to
treat several infectious diseases including botulism, rabies, diphtheria and
infection from H5N1 influenza. Equine industry has greater economic effect in
countries like United States, Australia and New Zealand as they generate huge
amount of revenue. American Horse Council reveals that at present there are 9.2
million horses across the nation involving approximately 4.6 million people as
horse owners, care takers, employees and volunteers.
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According
to the council, this industry has direct impact on the economy of USD 39
billion and if other factors such as suppliers, spending by spectators will be
taken into account, it may exceed USD 102 billion. As per European Horse
Network, the industry has an impact of around USD 133 billion on the economy of
Europe in a year. In these countries horse racing is a full-fledged business.
People are willing to spend high amount for treating equine as they bet
significant amount of money on horse racing.
The
common diseases affecting equines health are equine infectious anemia, equine
viral arteritis, equine herpes virus and contagious equine metritis. The market
is segmented into drugs & vaccines and equine feeds market. Purina. A
wholly owned subsidiary of Nestle and Nutrena, headquartered in Minneapolis are
the market leaders in equine feed market. Other players operating in this space
are Elanco Animal Health, Merck Animal Health, Boehringer Ingelheim Vetmedica,
AHD Ltd., Equine health UK, Equine Healthcare International and Schering-Plough
Animal Health. Some of the commercially available drugs are Prascend by
Boehringer Ingelheim Vetmedica to treat equine Cushing’s disease and Banamine
Paste marketed by Schering-Plough Animal Health for treating pain and
inflammation in horses.
Geographically,
North America and Europe are leading the market followed by Asia-Pacific.
Australia and New Zealand are the major markets in Asia-Pacific. In India, the
market is very small compared to global market owing to the fact that a large
proportion of horses are used here for transportation and agriculture work
while in North America and Europe major proportion are used in racing and
recreation.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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