The global Equine Surgery Market size occupied USD 2.8 Billion in 2022 and is estimated to arrive at a size of around USD 4.9 Billion by 2032 rising with a CAGR of 6.1% during the forecasted years, as reported by Acumen Research & Consulting
Equine surgery is in high demand due to the popularity of equine sports and recreational activities, in addition to the growing awareness of the importance of equine health and wellness. Horse owners and trainers are ready to make investments in advanced veterinary care and surgical procedures to keep their horses healthy, happy, and going to perform at their best. Furthermore, the availability of advanced surgical techniques and technologies, such as arthroscopy and laparoscopy, has enabled surgeons to perform many procedures with less invasive techniques, resulting in shorter recovery times and better outcomes for the horse.
Equine Surgery Market Statistics
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Equine Surgery Market Dynamics
Increasing Demand for Advanced Equine Healthcare Services Fuels the Equine Surgery Market Value
The need for advanced equine healthcare services is growing for a number of reasons. For starters, as the popularity of equine sports and recreational activities grows, so does the need for specialized equine veterinary care. Second, horse owners and trainers are becoming more aware of the importance of preventive care and early intervention in maintaining the health and well-being of their horses. This has led to an increase in routine check-ups and diagnostic testing, which can help detect and address medical issues before they become more serious.
Third, advances in veterinary medicine and surgery have made it possible to provide more advanced and specialized treatments for a variety of equine medical conditions. Minimally invasive surgical techniques such as arthroscopy and laparoscopy are now widely used in horses to diagnose and treat joint and abdominal conditions. These techniques have several advantages over traditional open surgery, including shorter recovery times and a lower risk of complications.
Finally, the increasing availability of equine healthcare services in various regions is driving demand for advanced equine healthcare services. As the equine healthcare industry develops in emerging markets, more horse owners and trainers are gaining access to specialized veterinary care and surgical interventions, which is helping to drive growth in the equine surgery market.
Growing Popularity of Equine Sports and Recreational Activities Generates Many Equine Surgery Market Opportunities
The demand for equine surgery services is increasing due to the growing popularity of equine sports and recreational activities. Horse racing, show jumping, dressage, and polo are examples of equine sports and recreational activities that have grown in popularity recently. As a result, there are more horses participating in these activities, which have increased the demand for specialized veterinary care.
Horse owners and trainers frequently invest in advanced veterinary care and surgical procedures to confront any medical conditions or injuries that may affect their horses' performance in order to ensure that they are able to perform at their best. For example, a horse with a musculoskeletal injury may require surgery to repair the damage as well as restore function to the affected area. Similarly, a horse with respiratory problems may require surgery to improve breathing and lung function.
The increasing popularity of equine sports and recreational activities has also increased the use of preventive care measures, such as regular check-ups and diagnostic testing. This is because horse owners and trainers recognize the importance of keeping their horses in peak condition in order to achieve peak performance and avoid injuries or illnesses.
Equine Surgery Market Segmentation
The global market has been categorized into product type, surgical procedure, end-user, and region.
The product type segment is divided into:
Based on device type, the segregation includes:
The end-user segment includes:
The market is divided into five regions:
Equine Surgery Market Share
Among all product types, cataract surgery dominated the equine surgery market in 2022 and is expected to continue to do so in the coming years.
According to the equine surgery market forecast, cataract surgery devices are expected to gain a significant market share from 2023 to 2032.
According to the equine surgery industry analysis, the hospitals sub-segment will have the highest share in 2022, while the ambulatory surgical centers sub-segment will have a significant share in the future.
Equine Surgery Market Regional Outlook
The equine surgery market in North America is anticipated to expand due to an increase in the number of horses participating in equine sports and recreational opportunities. Furthermore, the presence of key players in the region, such as IDEXX Laboratories, Inc. and Patterson Companies, Inc., is contributing to market growth.
The growing awareness of equine health and wellness, rising demand for advanced veterinary care, and the existence of established equine surgery equipment producers in the region, such as Eickemeyer Veterinary Equipment, B. Braun Melsungen AG, and Smiths Group plc, are expected to drive growth in the European market.
The Asia-Pacific region is expected to experience significant growth in the equine surgery market as a result of the increasing popularity of equine sports and recreational activities, the increased availability of specialized equine veterinary care, and the increased investments in the development of equine healthcare infrastructure. Merck Animal Health, Zoetis Inc., and Boehringer Ingelheim International GmbH are key players in the region.
Equine Surgery Market Players
Some prominent equine surgery companies covered in the industry include DePuy Synthes Vet, Eickemeyer Veterinary Equipment Inc., Ethicon, Heska Corporation, IDEXX Laboratories, Inc., Integra LifeSciences Corporation, Jorgensen Laboratories, Inc., Medtronic Plc, Mila International Inc., Neogen Corporation, Sound® Equine Medical Corp., STERIS plc, Surgical Holdings, Suture Express, and Veterinary Orthopedic Implants (VOI) Inc.
In 2021, Medtronic Plc announced the release of the Equine Surgical Navigation System, a new surgical navigation platform designed for use in orthopaedic procedures on horses. The system employs cutting-edge imaging and tracking technology to offer real-time guidance during surgery, improving accuracy and lowering the risk of complications.
In 2020, DePuy Synthes Vet introduced the Equine Cementless Total Hip Arthroplasty System, a new implant system for horses with hip dysplasia. The system is the first of its kind and has the possibility of enhancing the outcomes of horses that have hip replacement surgery.
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Mr. Frank Wilson
Acumen Research and Consulting