Global equine veterinary market is observed to be a multi-billion
dollar industry that consists of various equine activities such as
horse racing, competitive riding and leisure. Thus, various
veterinary services that supplement the growth of this market are
vaccination, gynecological care, dental care, gastroscopy, lameness,
respiratory care, colic assessment and treatment.
The vaccination regime of horses is integral part of equine health
against various clinical conditions like equine influenza, tetanus,
strangles, ringworm, EHV (Equine Herpes Virus), EVA (Equine Viral
Arteries) and West Nile Virus (WNV). Dental care services include the
routine dental examinations and rasping service for horses, some of
the complex problems are also diagnosed with an X-ray.
The gynecological care comprises routine sampling of CEM (Contagious
Equine Metritis) and EVA testing , fertility check accompanied with
hysteroscopies, artificial insemination, pregnancy diagnosis,
pregnancy follow-up, assistance during foal birth and umbilical
scanning, bloodsampling for IgG estimation in newborn foal health
management. Gastroscopy consists of use of 3 meter videoscope for
diagnosis of gastric ulcers. Lameness is one of the most common cause
that affects limbs of horses and is diagnosed with digital X-rays,
ultrasound and thermal scans. Respiratory care includes services
related with tracheal washing and broncho-alveolar-lavage.
The veterinary services provided in market by major breeding farms
and equine veterinary hospitals. This is a very specialized sector
and is limited to equine species healthcare management hence, overall
it’s considered to be a premium sector because of the specific
requirements. The major market shift is estimated to be observed in
coming five years where due to economic downturn in Europe has forced
the market to export the horses to slaughterhouses or to Asian
countries as there is significant potential for horse racing and
showcase in China. This is perceived to affect the North American and
European global market share in equine veterinary market as the
Asia-Pacific market is observed to be growing in case of horse
population.
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As a constituent of Asia-Pacific, Australian equine market was
observed to rank among the top three regional equestrian and equine
veterinary services markets. After the European downturn and legal
hindrances in North American market Australia turned out to be among
the leading ‘horse producing / breeding’ countries in the world.
On the same basis, China was perceive to expand its investing and
capacity in horse racing and betting by importing quality breeds from
countries especially from European region.
Thus, China intends to maintain particularly race-horse breeds; as
race-horses require additional care and supervision thus equine
veterinary services market is expected to grow significantly.
According to a equine industry source, China is mounting the capacity
and investing in horse racing and betting by importing quality breeds
from North American and European countries. The equestrian racing
infrastructure development comprises of horse race-tracks developed
with an investment of approximately USD 2.0 billion with about 3,000
horses. Investment also comprises the cost of s developing trainers
and riders in particular equine training schools
The major products observed in the industry are in-house diagnostics,
reference laboratories, digital imaging and others. The in-house
diagnostics segment is expected to account for the largest share in
the global equine veterinary services market. Some of the key players
having presence in the global equine veterinary services market are
IDEXX Laboratories, Inc., Medical Management International, National
Veterinary Associates and VCA Antech, Inc.
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