Equestrian Market Is a Multi-Billion Dollar Industry That Comprises Horse Racing

The equine healthcare market is segmented into equine diagnostic products, equine therapeutic products and equine supplement products. These three segments comprise of sub-segment markets in context of various products used for diagnosis of equine-specific healthcare conditions, treatment of equine-specific healthcare conditions and supplements and protection products used for upkeep and maintenance of a horse, respectively.


Albany, NY -- (SBWIRE) -- 03/28/2016 -- The global equestrian market is a multi-billion dollar industry that comprises horse racing and betting, leisure and competitive riding and has spawned and supports multifarious secondary markets; the equine healthcare market ranks as the one of the key secondary markets. This report exclusively studies the market for equine healthcare from varied aspects such as, in terms of equine diagnostic products, equine therapeutic products and equine supplement products; and is thus classified into three prime segments namelyequine diagnostic products market, equine therapeutic products market and equine supplement products market. The market size and forecast for the period 2013–2019, in terms of USD million, considering 2012 as the base year has been provided for each segment and sub-segments in the report. The compound annual growth rate (CAGR) for each segment and sub-segments has been provided for the forecast period from 2013–2019.

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Geographically, the equine healthcare market has been classified into four regions -North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecast for each region along with their market growth rate has been highlighted. The market overview section of the report comprises of a qualitative analysis of the market in terms of drivers, restraintsand opportunities, along with market attractiveness analysis.

A trend analysis in congruence with expert opinion analysis indicates that to maximize ROI of equestrian business operations, horse-owners are likely to curtail equestrian operations only till 'breeding' sub-set of the value-chain that yields high ROI. Horse 'breeding' is thus expected to be a core equestrian industry/market in some geographical regions. Choice of breeding stock and management of breeds are crucial to maintain and improve profitability margins of breeding operations.Additionally, it is expected that going forward, regulatory compliance norms mandate 'genotype tagging/labeling' of the meat source i.e. slaughtered animal/horse, to thwart the spread of infections from horses to humans. Choice of breeding stock and genotype tagging/labeling' are done with the help of 'breed quality analyzers/genotype analyzers kits' that constitute the equine genotyping analysis products market. Hence, we estimate the global equine genotyping analysis products market (a sub-segment of the equine diagnostic productsmarket) to grow at a substantially high (as compared to other market segments) CAGR of over 15% during years 2013 to 2019.

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Going forward till 2019, ~50% of the horse-owners in the North American region indicated declining interests in participating in equine shows, events and also racing. The horse-owners also opined that they are likely to curtail equestrian operations only till 'breeding' sub-set of the value-chain in order to maximize the ROI and export quality breed horses to destinations such as China. Hence, the North American equine healthcare market is expected to decline by ~1.0% over the six years from 2013 to 2019.

The report concludes with the competitive landscape and company profiles of few market players in this industry, as of 2012. The market players profiled in this report include Elanco Animal Health, Merck Animal Health, Zoetis (Pfizer Animal Health), Boehringer Ingelheim Vetmedica, Bayer Animal Health, Equine Health U.K., Equine Orthotics and Prosthetics, Affymetrix, Equine Diagnostics, Signostics and Purina.

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