As per the TMR report, the global equine healthcare market is estimated to register a 4.2% CAGR within the forecast period of 2017 to 2025. The market is presumed to be valued at US$862.7 mn in 2025.
In a recent report by Transparency Market Research (TMR), the vendor landscape for global equine healthcare market is estimated to have become largely fragmented. There is tough competition between players because of the large number of industries manufacturing the same product types. The equine healthcare market can largely benefit by targeting regional markets and expanding geographically. This will provide promising growth opportunities for developing regions like Asia Pacific.
Request Sample of the Report:
Decline in Number of Equine Species Due to Lack of Supervision
Despite so much care and concern, there is a decline in number of equine species. This may be due to lack or excess of proper nutrition, water intake, more training to the horses and less resting time making the equines exhausted and getting tired, failure to detect certain infections and treat them within time. Sometimes the reason may also remain unknown. Due to the decrease in the number of equine species worldwide, the market may face problems in the long run.
China Emerging as Leading Player by Providing Equine Nutritional Supplements
Horse racing trend in a number of countries across the world is fuelling the market despite several government restrictions. A majority of horse owners are interested in attending equine events like racing, and shows and this is increasing the demand for quality breed horses. These horses are even exported to countries like China because of their breed standards providing high prices to traders. China may emerge as the leading market for equine healthcare products like vaccines, drugs, and large number of nutritional supplements for the horses.
Press Release Page of Report: