Equine Healthcare Market Is Expected To Reach USD 5.91 Billion By 2030
San Francisco, 30 Aug 2024: The Report Equine Healthcare Market Size, Share & Trends Analysis Report By Product, By Indication, By Activity (Sports/Racing, Recreation, Other Activities), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030 The global equine healthcare market size is expected to reach USD 5.91 billion by 2030, registering a CAGR of 8.32% during the forecast period, according to a new report by Grand View Research, Inc. Increasing product R&D, demand for equine diagnostics, investments by key industry stakeholders, and the rising prevalence of diseases in horses are some of the major factors contributing to the market growth. For instance, in September 2021, the U.S. Department of Agriculture invested around USD 3.0 billion in the animal nutrition and health sector. The Covid-19 pandemic had a notable impact, particularly on the horse racing/ sports sector. It led to reduced access to equine care services and the cancelation of equine shows.