Transparency Market Research in its new report titled, “Racehorse Health Care Products Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the Racehorse Health Care Products Market. Racehorses are trained for the racing industry. Well-known breeds for racehorses in the global racehorse industry are Thoroughbred, Arabian Horse, Quarter Horse, Standardbred, Appaloosa, Andalusian, American Miniature Horse, and Black Forest. Based upon the breeds, racehorses possess particular muscle structure and require specific health care products.
Based on product type, the global racehorse health care products market can be segmented into drugs, vaccines, and supplements. In terms of drug, the market can be classified into anti-infective, anti-inflammatory, parasiticide, and others. Based on vaccine, the global racehorse health care products market can be categorized into inactivated, recombinant, live attenuated, and others.
In terms of supplement, the market can be divided into minerals, vitamins, enzymes, proteins and amino acids, and others. Based on supplement type, the global racehorse health care products market can be bifurcated into natural food supplements and healthy food supplements. In terms of disease type, the market can be classified into tetanus, gastric ulcers, equine influenza, equine rabies, equine herpes virus, equine encephalomyelitis, and others. Based on distribution channel, the market can be divided into veterinary hospitals & clinics, retail stores & drug stores, and others.
Geographically, the global racehorse health care products market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share (16 racehorses per 100,000 population) of the global racehorse health care products market in 2017. The market in the region is anticipated to expand at a significant growth rate during the forecast period, owing to the largest number of racehorses in North America, thriving horse-race industry, rise in demand for racehorses, high diagnosis and treatment rate of these animals, and well-established animal health care infrastructure.
The population of racehorses in Europe varies by region. The population of racehorses in countries in Western Europe such as the U.K., Germany, and France is 10 per 100,000 human population. On the other hand, the racehorse industry is not prominent in Eastern Europe. Europe held the second largest share of the global racehorse health care products market in 2017.
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