Equine Diagnostic Services Market
Equine Diagnostic Services Market By Service Type (Genetic Testing, Phenotype Testing, Infectious Disease Testing), By Service Settings (Hospitals & Clinics, Lab Testing & Mobile Settings)- Global Market Insights 2020 to 2030
Analysis of Equine Diagnostic Services market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Equine Diagnostic Services Market Overview
Global demand for equine diagnostic services has witnessed healthy growth in recent years, with growing awareness among horse owners about equine coronavirus, trypanosomosis, and other infectious diseases.
While the ongoing coronavirus pandemic is providing a number of growth opportunities, concerns over COVID-19 transmission has restricted diagnostic testing for non-urgent cases, hindering short-term expansion of the equine diagnostic services market size.
Veterinary practices are increasingly focusing on compliance with ISO standards and telehealth facilities, and are investing in personal protective equipment and social distancing practices, to comply with regulatory recommendations and rules to ensure adequate cash flow through increased testing.
The global equestrian market comprising leisure, horse racing, and betting activities, supporting the demand for equine diagnostic services.
Market players are focused on the high potential for return on investments by geographical expansion, encouraged through equine sports activities, particularly in Asia Pacific countries. On the other hand, gradual decline of the global equine populations is an issue challenging market participants.
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Equine Diagnostic Services Market Insights by Service Type
In the recent past, equine diagnostic practices have made substantial advances with accuracy and customization of services, which has supported the global market. In terms of services, the equine diagnostic services market can be segregated into genetic testing, phenotype testing, and infectious disease testing among others, all of which are reflecting a positive trajectory for the near future.
However, infectious disease testing is projected to account for a significant market share during the projection period. Growth can be attributed to demand for rapid testing of diseases such as streptococcus equi and equine influenza. In addition, growing awareness among horse owners about preventable ailments is also expected to contribute to the growth of the equine diagnostic services market in the years to come.
Equine Diagnostic Services Market Insights by Service Setting
In terms of service settings, the equine diagnostic services market is segregated into hospitals & clinics and lab testing and mobile diagnostics. Hospital & clinic settings for diagnostics are expected to hold a major market share through the end of the assessment period, driven by rising adoption of full body scanning practices and MRI systems to minimize risks of underperformance and injuries in horses.
On the other hand, lab & mobile testing is also expected to reflect fast growth on the back of software and technical expertise for technologies such as molecular assays.
The segment is likely to gain further support from efforts by bodies such as the American Association of Equine Practitioners to support the new Horseracing Integrity & Safety Act, on measures including anti-doping practices and regulation of therapeutic medicine for horses.
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Regional Outlook of Equine Diagnostic Services Market
The Fact.MR report on the equine diagnostic services market encompasses data on North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America, followed by Europe, are projected to be the leading markets for equine diagnostic services throughout the projection period, supported by a larger equine sports and leisure industry, and excellent healthcare infrastructure for diseases such as infectious anemia, arteritis virus infection, and clostridial enteritis, among others, with the U.K. in particular being a front-running country in the global equine industry.
For instance, the contribution of the country in terms of equine exports has been valued at more than 500 Mn GBP, with significant business aimed towards far-east markets. Also, the country accounts for more than 3.4 billion GBP in spending from horse racing activities alone.
On a similar note, Asia Pacific is projected to reflect fast growth in the equine diagnostic services market share, on the back of growing investments and interest in equine racing events, coupled with investments in a developing veterinary industry in countries such as China and India.
Equine Diagnostic Services Market: Key Players
Participants in the equine diagnostic services market are pushing strategies involving product development and launches in addition to strategic acquisitions to bolster portfolios and production capacities in a fairly competitive sector. COVID-19 diagnostic kits and telemedicine services are gaining attention in terms of product development, which involves point of care platforms in research & development.
- For instance, U.K.-based Virtual Veterinary Specialists has announced the addition of an internal medicine virtual referrals for equine patients, aimed at providing telemedicine support for horse veterinarians, including access to ECG, webcams, digital medical cameras, and stethoscopes for real time diagnostics.
- IDEXX Laboratories Inc., in early 2020, announced the introduction of rapid digital cytology services, which allows veterinarians of equine and small animal specializations for faster cytology interpretations within a couple of hours, through the company’s proprietary VetConnect PLUS platform.
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The Analyst’s Viewpoint
“Infectious diseases such as equine trypanosomosis did not gain enough attention from the scientific community, until recently. Consequently, players in the equine diagnostic services market are now expected to focus on bolstering the availability of prophylactic drugs to leverage rising demand for infectious disease treatment solutions. Diagnosticians are likely to collaborate with certified specialists to encourage horse owners to seek better testing services.”
Equine Diagnostics Market: About the Report
An exclusive report by Fact.MR on forecasts for the equine diagnostic services market for 2020 and 2030 has been published. The primary aim of the report is to provide key insights on the market landscape, technological advancements, and demand influencers in the industry.
The report also covers essential dynamics that are likely to diversify the prospects of the equine diagnostic services market in the future.
The study on the equine diagnostic services market starts off with an executive overview, which discusses product definition. The report also covers the taxonomy of the equine diagnostic services market, going into details about key segments. Furthermore, the study provides a number of critical insights on market dynamics, including the drivers, restraints, opportunities, and threats, in addition to major factors covering investments in the market.
The report also includes data on differentiation of equine diagnostic services as per service setting and service type, in addition to pricing and supply chain analysis. This will aid readers to have a deeper understanding of the product framework in the equine diagnostic services market.
Equine Diagnostic Services Market: Segmentation
Fact.MR has analyzed the equine diagnostic services market with detailed segmentation on the basis of service type, service setting, and key regions.
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By Service Type :
- Genetic Testing
- Phenotype Testing
- Infectious Disease Testing
- Others
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By Service Setting :
- Hospitals & Clinics
- Lab Testing & Mobile Settings
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By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
“This taxonomy is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Table of Content
- 1. Executive Summary
- 2. Market Introduction
- 3. Market Risks and Trend Assessment
- 4. Market Dynamics
- 5. Market Background and Associated Market Overview
- 6. Global Equine Diagnostic Services Market - Price Point Analysis
- 7. Global Equine Diagnostic Services Market Analysis 2015 to 2019 and Forecast 2020 to 2030, By Service Type
- 7.1. Genetic Testing
- 7.2. Phenotype Testing
- 7.3. Infectious Disease Testing
- 7.4. Others
- 8. Global Equine Diagnostic Services Market Analysis 2015 to 2019 and Forecast 2020 to 2030, By Service Settings
- 8.1. Hospitals & Clinics
- 8.2. Lab Testing & Mobile Settings
- 9. Global Equine Diagnostic Services Market Analysis 2015 to 2019 and Forecast 2020 to 2030, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. Asia Pacific
- 9.5. MEA
- 10. North America Equine Diagnostic Services Market Analysis 2015 to 2019 and Forecast 2020 to 2030
- 11. Europe Equine Diagnostic Services Market Analysis 2015 to 2019 and Forecast 2020 to 2030
- 12. Asia Pacific Equine Diagnostic Services Market Analysis 2015 to 2019 and Forecast 2020 to 2030
- 13. Latin America Equine Diagnostic Services Market Analysis 2015 to 2019 and Forecast 2020 to 2030
- 14. Middle East & Africa Equine Diagnostic Services Market Analysis 2015 to 2019 and Forecast 2020 to 2030
- 15. Country Analysis - Equine Diagnostic Services Market Analysis 2015 to 2019 and Forecast 2020 to 2030
- 16. Competitive Assessment
- 17. Vendor Analysis
- 17.1. Generatio GmbH
- 17.2. Equiseq Inc.
- 17.3. VetGen
- 17.4. Animal Genetics Inc.
- 17.5. Veterinary Genetics Laboratory
- 17.6. Etalon Inc.
- 17.7. Equine Diagnostic Solution Inc.
- 17.8. IDEXX Laboratories Inc.
- 17.9. B&W Equine Vets
- 17.10. Neogen Corporation
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 02: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 03: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 04: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 05: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 06: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 07: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 08: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 09: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 10: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 11: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 12: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 13: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 14: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 15: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 16: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 17: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 18: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 19: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 20: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 21: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 22: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 23: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 24: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 25: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 26: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 27: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 28: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 29: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 30: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 31: List of veterinary hospitals, equestrian associations, equestrian sports & racing clubs, equestrian breeding services, horse IVF centers/services/clinics, horse training services, horse pharma companies, veterinary schools, and government registration service providers
Table 32: List of Major Pharmaceutical Company- Equine Healthcare
Table 33: List of Major Pharmaceutical Company- Equine Healthcare
Table 34: Equine General Disease Prevalence, 2020
Table 35: Equine Genetic Diseases, Prevalence/Incidence Rate
Table 36: Genetic Tests (1/3)
Table 37: Genetic Tests (2/3)
Table 38: Genetic Tests (3/3)
Table 39: Global Market Value (US$ Mn) Forecast, by Service Type, 2020 to 2030
Table 40: Global Market Value (US$ Mn) Forecast, by Service Settings, 2020 to 2030
Table 41: Global Market Value (US$ Mn) Forecast, by Region, 2020 to 2030
Table 42: North America Market Value (US$ Mn) Forecast, by Country, 2020 to 2030
Table 43: North America Market Value (US$ Mn) Forecast, by Service Type, 2020 to 2030
Table 44: North America Market Value (US$ Mn) Forecast, by Service Settings, 2020 to 2030
Table 45: Europe Market Value (US$ Mn) Forecast, by Country/Sub-region, 2020 to 2030
Table 46: Europe Market Value (US$ Mn) Forecast, by Service Type, 2020 to 2030
Table 47: Europe Market Value (US$ Mn) Forecast, by Service Settings, 2020 to 2030
Table 48: Asia Pacific Market Value (US$ Mn) Forecast, by Country/Sub-region, 2020 to 2030
Table 49: Asia Pacific Market Value (US$ Mn) Forecast, by Service Type, 2020 to 2030
Table 50: Asia Pacific Market Value (US$ Mn) Forecast, by Service Settings, 2020 to 2030
Table 51: Latin America Market Value (US$ Mn) Forecast, by Country/Sub-region, 2020 to 2030
Table 52: Latin America Market Value (US$ Mn) Forecast, by Service Type, 2020 to 2030
Table 53: Latin America Market Value (US$ Mn) Forecast, by Service Settings, 2020 to 2030
Table 54: Middle East & Africa Market Value (US$ Mn) Forecast, by Country/Sub-region, 2020 to 2030
Table 55: Middle East & Africa Market Value (US$ Mn) Forecast, by Service Type, 2020 to 2030
Table 56: Middle East & Africa Market Value (US$ Mn) Forecast, by Service Settings, 2020 to 2030
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List Of Figures
Figure 01: Regional Revenue Snapshot
Figure 02: Global Market Value (US$ Mn) Forecast, 2020 to 2030
Figure 03: Global Market Value Share, by Region, 2021
Figure 04: Equine General Syndrome Prevalence (%)
Figure: 05: Key Industry Events- For Last Five Year
Figure 06: Horse Racing Events, by Type (2020)
Figure 07: Horse Racing Events, by Region (2020)
Figure 08: Global Market Value Share Analysis, by Service Type, 2021 and 2030
Figure 09: Global Market Value (US$ Mn), by Genetic Testing, 2020 to 2030
Figure 10: Global Market Value (US$ Mn), by Phenotype Testing, 2020 to 2030
Figure 11: Global Market Value (US$ Mn), by Infectious Disease Testing, 2020 to 2030
Figure 12: Global Market Value (US$ Mn), by Others, 2020 to 2030
Figure 13: Global Market Attractiveness Analysis, by Service Type, 2020 to 2030
Figure 14: Global Market Value Share Analysis, by Service Settings, 2021 and 2030
Figure 15: Global Market Value (US$ Mn), by Hospitals & Clinics, 2020 to 2030
Figure 16: Global Market Value (US$ Mn), by Lab Testing & Mobile Settings, 2020 to 2030
Figure 17: Global Market Attractiveness Analysis, by Service Settings, 2020 to 2030
Figure 18: Global Market Value Share Analysis, by Region, 2021 and 2030
Figure 19: Global Market Attractiveness Analysis, by Region, 2020 to 2030
Figure 20: North America Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2020 to 2030
Figure 21: North America Market Value Share (%), by Country, 2021 and 2030
Figure 22: North America Market Attractiveness, by Country, 2020 to 2030
Figure 23: North America Market Value Share (%), by Service Type, 2021 and 2030
Figure 24: North America Market Attractiveness, by Service Type, 2020 to 2030
Figure 25: North America Market Value Share (%), by Service Settings, 2021 and 2030
Figure 26: North America Market Attractiveness, by Service Settings, 2020 to 2030
Figure 27: Europe Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2020 to 2030
Figure 28: Europe Market Value Share (%), by Country/Sub-region, 2021 and 2030
Figure 29: Europe Market Attractiveness, by Country/Sub-region, 2020 to 2030
Figure 30: Europe Market Value Share (%), by Service Type, 2021 and 2030
Figure 31: Europe Market Attractiveness, by Service Type, 2020 to 2030
Figure 32: Europe Market Value Share (%), by Service Settings, 2021 and 2030
Figure 33: Europe Market Attractiveness, by Service Settings, 2020 to 2030
Figure 34: Asia Pacific Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2020 to 2030
Figure 35: Asia Pacific Market Value Share (%), by Country/Sub-region, 2021 and 2030
Figure 36: Asia Pacific Market Attractiveness, by Country/Sub-region, 2020 to 2030
Figure 37: Asia Pacific Market Value Share (%), by Service Type, 2021 and 2030
Figure 38: Asia Pacific Market Attractiveness, by Service Type, 2020 to 2030
Figure 39: Asia Pacific Market Value Share (%), by Service Settings, 2021 and 2030
Figure 40: Asia Pacific Market Attractiveness, by Service Settings, 2020 to 2030
Figure 41: Latin America Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2020 to 2030
Figure 42: Latin America Market Value Share (%), by Country/Sub-region, 2021 and 2030
Figure 43: Latin America Market Attractiveness, by Country/Sub-region, 2020 to 2030
Figure 44: Latin America Market Value Share (%), by Service Type, 2021 and 2030
Figure 45: Latin America Market Attractiveness, by Service Type, 2020 to 2030
Figure 46: Latin America Market Value Share (%), by Service Settings, 2021 and 2030
Figure 47: Latin America Market Attractiveness, by Service Settings, 2020 to 2030
Figure 48: Middle East & Africa Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2020 to 2030
Figure 49: Middle East & Africa Market Value Share (%), by Country/Sub-region, 2021 and 2030
Figure 50: Middle East & Africa Market Attractiveness, by Country/Sub-region, 2020 to 2030
Figure 51: Middle East & Africa Market Value Share (%), by Service Type, 2021 and 2030
Figure 52: Middle East & Africa Market Attractiveness, by Service Type, 2020 to 2030
Figure 53: Middle East & Africa Market Value Share (%), by Service Settings, 2021 and 2030
Figure 54: Middle East & Africa Market Attractiveness, by Service Settings, 2020 to 2030
Figure 55: Comparative Ranking Analysis, by Company 2021
Figure 56: IDEXX Laboratories, Inc. Revenue (US$ Mn) and Y-o-Y Growth (%), 2019 to 2021
Figure 57: IDEXX Laboratories, Inc. Breakdown of Net Sales (%), by Business Segment, 2021
Figure 58: IDEXX Laboratories, Inc. R&D Expenses (US$ Mn) and Y-o-Y Growth (%), 2019 to 2021
Figure 59: Neogen Corporation Revenue (US$ Mn) and Y-o-Y Growth (%), 2019 to 2021
Figure 60: Neogen Corporation Breakdown of Net Sales (%), by Business Segment, 2021
Figure 61: Neogen Corporation R&D Expenses (US$ Mn) and Y-o-Y Growth (%), 2019 to 2021
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the estimated valuation of the global equine diagnostic services market in 2019?
The global equine diagnostic services market was valued at nearly US$ 165 Mn in 2019.
What is the estimated CAGR for the equine diagnostic services market from 2020 to 2030?
The equine diagnostic services market to witness steady growth of nearly 5% through 2030.
Which service setting is expected to dominate the market?
Lab and mobile testing is expected to dominate the global equine diagnostic services market share.
Equine Diagnostic Services Market