Description

Transparency Market Research (TMR), a U.S.-based market intelligence company has recently published a report titled, “Equine Healthcare Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. The report indicates, the global equine healthcare market was valued at US$26.6 billion in 2012 and is expected to decline at a CAGR of 1.2% from 2013 to 2019, to reach an estimated value of US$24.5 billion in 2019. The global equine healthcare market research report focuses on the market growth drivers, restraints, opportunities, and challenges. It also highlights the financial outlook of the market, with insights on current trends, dynamics, and forces likely to govern this market in the near future.

The global equine healthcare market is a part of the equestrian world that includes horse racing, betting, and competitive riding or riding for leisure. The global equine healthcare market is the primary support for these business and horse-related activities pursued around the world. The betting segment alone holds 20% market share in the global equine market, accounting US$500 million per year. The global equine healthcare market growth is essentially a trickle-down-effect of the larger equestrian industry and is thus termed as a support or a secondary market.

Browse the full Equine Healthcare Market Report @ :
http://www.transparencymarketresearch.com/equine-healthcare-market.html

The equestrian industry depends on the overall population of horses around the world. The very base of this industry is the horse breeding and the number of horses. However, analysts predict that the global population of horses is expected to drop over the years till about 2019. Due to this data, which is also corroborated by statistical evidence, equine healthcare market is also expected to witness a decline of 1.2% in the coming six years, from 2013 to 2019, to reach a figure of US$24,527.8 million by 2019.

The global equine healthcare market is broadly categorized into three segments such as products, equine therapeutic products, equine diagnostic products, and equine supplement products. The equine healthcare diagnostic products are further segmented into equine urine test kits and ultrasound devices. The market for equine urine test kits is expected to witness an upward trend due to its easy-to-use design and non-invasive nature. These kits form an important part of the global equine healthcare market as they enable a quick use to determine conditions in horse. Owing to these reasons, equine urine kits are likely to be preferred by veterinarians in the coming years. This opportunity for manufacturers of equine urine kit is likely to be the fulcrum of growth for the equine diagnostic product segment in the equine healthcare market.

Browse the full Equine Healthcare Market press release @ :
http://www.transparencymarketresearch.com/pressrelease/equine-healthcare-market.htm

The global equine healthcare market is also segmented and studied on the basis of geography. The regions included in this study are North America, Europe, China, and Rest of the World. In the coming years, Asia Pacific is expected to be the leading region supporting the equine healthcare market in Australia where most horses are bred. As China invests to expand its horse racing activities and income from betting, it will look at importing well-bred horses from around the world. The equine healthcare market will further find its impetus from China, as the country will need special support for horse-related sports and maintaining these thoroughbred species in top form.

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In the entirety of the global equine healthcare market scenario, though the market is projected to slump, there are opportunities to revive horse-related activities to resuscitate this market.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest Equine Healthcare Markettrends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.