According to FutureWise analysis the market for equine veterinary therapeutics in 2023 is US$ 1.3 billion, and is expected to reach US$ 2.24 billion by 2031 at a CAGR of 7.02%.
Equine veterinary therapeutics refers to the field of equine healthcare that deals with the prevention and treatment of various diseases. Equine veterinary therapeutics include drugs and vaccines that are used for the treatment and prevention of equine diseases, additives that are used for the overall maintenance of health and the provision of adequate minerals for a healthy life. The overall veterinary therapeutic market has grown in recent years as people become more aware of veterinary healthcare.
Equine veterinary therapeutics market growth is and has been attributed to the increasing importance of horses in human life. Equine veterinary therapeutic market is expected to grow due to the increasing zoonotic diseases affecting horses. Increasing awareness concerning the prevention and well-being of livestock and companion animals is expected to drive the market for equine veterinary therapeutics.
Equine veterinary therapeutics is the branch of equine healthcare that deals with the prevention and treatment of various diseases. In equine veterinary therapeutics, we refer to drugs that are used for the treatment of equine diseases, vaccines that are used for the prevention of several diseases, and additives that are used for maintaining the overall health of the animal and for providing sufficient minerals. Equine veterinary therapeutics are expected to gain traction due to the rising number of zoonotic diseases affecting horses. Equine veterinary therapeutics market is expected to grow due to the increasing awareness about livestock and companion animals. Equestrian activities include horse racing and betting, leisure and competitive riding. Horses are also used in equine-facilitated therapy, which addresses specific motor, sensory, and social issues.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Equine Veterinary Therapeutics Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Equine Veterinary Therapeutics Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.