Equine Veterinary Therapeutics Market

By Product;

Drugs, Anti- Inflammatory, Anti – Infective, Parasiticides, Vaccines, Recombinant Vaccines, Inactivated Vaccines, Live Attenuated Vaccines, Feed Additives, Vitamins, Antibiotics, Amino Acids, Enzymes, and Others

By Vaccines;

Recombinant Vaccines, Inactivated Vaccines, Live Attenuated Vaccines, and Others

By Feed Additives;

Vitamins, Antibiotics, Amino Acids, Enzymes, and Others

By Distribution Channel;

Veterinary Hospital, Veterinary Clinics, Pharmacies & Drug Stores, E-commerce, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn158467497 Published Date: August, 2025

Equine Veterinary Therapeutics Market Overview

Equine Veterinary Therapeutics Market (USD Million)

Equine Veterinary Therapeutics Market was valued at USD 1,525.23 million in the year 2024. The size of this market is expected to increase to USD 2,438.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.9%.


Equine Veterinary Therapeutics Market

*Market size in USD million

CAGR 6.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.9 %
Market Size (2024)USD 1,525.23 Million
Market Size (2031)USD 2,438.95 Million
Market ConcentrationMedium
Report Pages389
1,525.23
2024
2,438.95
2031

Major Players

  • Merck animal heath
  • Affymetrix
  • Zoetis (Pfizer Animal Health)
  • Equine Health U.K.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Equine Veterinary Therapeutics Market

Fragmented - Highly competitive market without dominant players


The Equine Veterinary Therapeutics Market is gaining momentum as horse owners increasingly invest in advanced health solutions. With nearly 42% of equine owners now opting for professional treatment options, demand is surging for specialized therapies that enhance equine longevity and functional performance.

Prevalence of Chronic and Acute Conditions
Growing cases of orthopedic, respiratory, and digestive ailments among horses are fueling demand for effective veterinary therapeutics. Around 35% of treatments are used for managing pain, inflammation, and gastrointestinal issues, reflecting a clear shift towards targeted clinical care in equine medicine.

Growing Therapeutic Needs in Sport and Companion Equines

Therapeutic use is intensifying among sport horses, with roughly 60% of veterinary spend focused on recovery, joint support, and injury mitigation. Companion horses also contribute to market growth as owners seek wellness-focused therapeutic plans, expanding demand across both performance and leisure segments.

Regulatory Alignment and Welfare Priorities
The market is reinforced by supportive regulatory policies and animal care mandates, enabling safe and effective therapeutic deployment. More than 48% of R&D efforts align with modern veterinary standards, underscoring a commitment to ethical, compliant, and effective care for equines.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Vaccines
    3. Market Snapshot, By Feed Additives
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Equine Veterinary Therapeutics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for specialized veterinary care
        2. Advancements in equine healthcare technology
        3. Expansion of equestrian activities
        4. Focus on horse welfare and ethical treatment
      2. Restraints
        1. Limited access to veterinary care
        2. Complex drug approval processes
        3. Lack of standardized diagnostics
      3. Opportunities
        1. Partnerships for product development
        2. Personalized medicine in treatment
        3. Development of natural remedies
        4. Data analytics for predictions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Equine Veterinary Therapeutics Market, By Product, 2021 - 2031 (USD Million)
      1. Drugs
      2. Anti- Inflammatory
      3. Anti – Infective
      4. Parasiticides
      5. Vaccines
      6. Recombinant vaccines
      7. Inactivated Vaccines
      8. Live attenuated vaccines
      9. Feed additives
      10. Vitamins
      11. Antibiotics
      12. Amino acids
      13. Enzymes
      14. Others
    2. Equine Veterinary Therapeutics Market, By Vaccines, 2021 - 2031 (USD Million)
      1. Recombinant Vaccines
      2. Inactivated Vaccines
      3. Live Attenuated Vaccines
      4. Others
    3. Equine Veterinary Therapeutics Market, By Feed Additives, 2021 - 2031 (USD Million)
      1. Vitamins
      2. Antibiotics
      3. Amino acids
      4. Enzymes
      5. Others
    4. Equine Veterinary Therapeutics Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Veterinary Hospital
      2. Veterinary Clinics
      3. Pharmacies & drug stores
      4. E-commerce
      5. Other
    5. Equine Veterinary Therapeutics Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Merck animal heath
      2. Affymetrix
      3. Zoetis (Pfizer Animal Health)
      4. Equine Health U.K.
  7. Analyst Views
  8. Future Outlook of the Market