India Equine Healthcare Market Overview
As per MRFR analysis, the India Equine Healthcare Market Size was estimated at 121.83 (USD Million) in 2024.The India Equine Healthcare Market Industry is expected to grow from 129.5(USD Million) in 2025 to 645 (USD Million) by 2035. The India Equine Healthcare Market CAGR (growth rate) is expected to be around 15.715% during the forecast period (2025 - 2035)
Key India Equine Healthcare Market Trends Highlighted
In India, the equine healthcare market is witnessing several notable trends driven by increasing awareness about animal health and rising concerns over the welfare of horses. One of the key market drivers is the growing population of equines, particularly in states with vibrant agricultural and equestrian cultures, such as Maharashtra and Punjab.Â
The government's emphasis on livestock health and productivity has led to more awareness programs and initiatives aimed at improving equine healthcare, further boosting the market. Opportunities in this market are expanding as stakeholders recognize the potential for advanced veterinary services and products, such as specialized nutritional supplements and preventive healthcare measures.
The modernization of animal husbandry practices in India presents a chance for innovation in service delivery, including telemedicine for equines, which is gaining traction. Additionally, the increase in equestrian sports and activities, highlighted by competitions and breeding programs, is beginning to stimulate demand for quality veterinary care and related products. Recent trends also show a shift in consumer preferences towards organic and holistic treatment methods, aligning with a broader focus on natural remedies in animal healthcare.Â
This trend is in line with India's cultural inclination towards holistic living and sustainable practices.Moreover, advancements in veterinary science and technology, such as new vaccines and diagnostic tools, are being adopted at an increasing rate, improving the overall health outcomes for horses. Collectively, these trends indicate a dynamic and evolving equine healthcare landscape in India, poised for growth as both awareness and investment in equine health deepen.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Equine Healthcare Market Drivers
Increasing Awareness about Equine Health
There is a growing awareness regarding equine health management among horse owners and riders in India. Initiatives by established organizations, such as The Equine Research Center and Indian Council of Agricultural Research, play a vital role in educating horse owners about preventive care, nutrition, and routine veterinary check-ups. According to a survey conducted by multiple veterinary associations in the last three years, nearly 60% of equine owners reported that they have become more proactive in seeking veterinary services for their horses, reflecting a significant increase in awareness.
The change also reflects a growing focus on equine veterinary care, which is good for the India Equine Healthcare Market Industry, as well as a significant projected year-on-year increase of approximately 12% in prospective veterinary service needs over the upcoming ten years, which will include routine vaccinations and health examinations.
Expansion of Animal Health Infrastructure
The expansion of veterinary clinics and hospitals across India is a key driver for the India Equine Healthcare Market Industry. As indicated by the Ministry of Fisheries, Animal Husbandry and Dairying, the number of veterinary institutions has seen a growth rate of approximately 10% annually over the past five years. This increase allows better access to veterinary services for horse owners in both urban and rural areas.Â
Furthermore, the introduction of specialized equine practices showcases a growing recognition of equine needs.With more facilities offering advanced diagnostics and treatment options, it is anticipated that the accessibility to equine healthcare will stimulate market growth significantly, aligning with the increasing standards of care and specialized attention required in horse management.
Rising Demand for Equine Sports and Recreation
In India, the popularity of equine sports such as polo, show jumping, and dressage has surged in recent years. This rise in recreational activities is supported by organizations like the Equestrian Federation of India, which has reported a 25% increase in participation in equestrian events within the past five years. This uptick in equine sports translates into a growing demand for equine healthcare services, as competitive horses typically require more rigorous health maintenance and preventive care.
As the equine sports sector evolves, the need for specialized healthcare services will also increase, driving substantial growth and investment in the India Equine Healthcare Market Industry, projected to rise along with equestrian events.
India Equine Healthcare Market Segment Insights
Equine Healthcare Market Product Insights
The India Equine Healthcare Market demonstrates a diverse array of products essential for the health and wellbeing of equines. The segment encompasses various offerings ranging from vaccines designed to protect against infectious diseases to pharmaceuticals that effectively manage and treat a wide array of medical conditions. Vaccines play a pivotal role in disease prevention, largely contributing to better overall herd health and reducing the risk of outbreaks.Â
Pharmaceuticals, on the other hand, consist of antibiotics, anti-inflammatory agents, and analgesics that are essential for treating illnesses and injuries, thus ensuring a quicker recovery for equines. The medicinal feed additives segment further enhances equine health by improving digestion, enhancing growth rates, and optimizing overall nutrition, subsequently leading to better performance and resilience among horses.
Diagnostics are another critical aspect, providing accurate and timely information necessary for informed decision-making in veterinary care. Advanced diagnostic tools enable veterinarians to efficiently identify health issues, enhancing the efficacy of subsequent treatment regimens. Software and services dedicated to equine healthcare facilitate better management of veterinary practices, improving operational efficiency and enhancing care for the animals. These technological solutions not only streamline processes but also contribute to data management and patient record-keeping essential for optimizing care delivery.
Lastly, the 'Others' category includes various auxiliary products and services that support the equine healthcare landscape, ensuring a holistic approach to managing equine health. Overall, the Product segment within the India Equine Healthcare Market highlights the need for an integrated approach to equine health management, driven by a combination of innovative healthcare solutions and traditional veterinary practices to meet the increasing demand in the growing equine population in India.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Equine Healthcare Market Indication Insights
The India Equine Healthcare Market has been progressing significantly, particularly in various indications related to equine health. The market encompasses critical areas such as musculoskeletal disorders, which prominently affect performance and well-being in horses. Parasite control represents another vital aspect, as it addresses common infestations that can lead to severe health complications. Internal medicine plays a crucial role in diagnosing and treating various systemic conditions, while conditions like Equine Herpes Virus and Equine Influenza demonstrate the importance of infectious disease management.
Additionally, West Nile Virus and Equine Encephalomyelitis are prevalent concerns that require ongoing attention given their impact on equine populations. Tetanus remains a significant threat, underscoring the need for preventative healthcare measures. Each area within this segment reflects essential health challenges, showcasing the necessity for tailored solutions that improve the overall welfare of horses in India. The combined efforts in these indications contribute to a robust healthcare landscape, encouraging advancements and Research and Development that further support equine health and wellbeing across the country.The ongoing attention to these specifics highlights the market's potential for growth and the importance of veterinary care in addressing diverse health needs.
Equine Healthcare Market Activity Insights
The Activity segment of the India Equine Healthcare Market plays a crucial role in shaping the overall landscape of equine care in the region. The increasing popularity of horse racing and sports in India has led to a growing emphasis on specialized healthcare services, as equine athletes require tailored health solutions to ensure peak performance. The recreational riding community has also gained momentum, driving demand for comprehensive healthcare products and services that promote horse wellbeing and longevity. This diverse segment encapsulates various activities, collectively focusing on enhancing the health and performance of horses.
The emphasis on proper nutritional support and preventive care measures remains significant for all activities, highlighting the need for end-users to invest in effective solutions that cater to the specific needs of their horses. As the India Equine Healthcare Market continues to evolve, competition among service providers is likely to intensify, fostering innovation and improved service delivery in this vital sector. This will create opportunities for advancements in treatments and health management solutions tailored to the unique demands of the equine population across India.
Equine Healthcare Market Distribution Channel Insights
The Distribution Channel segment of the India Equine Healthcare Market plays a crucial role in shaping the accessibility and delivery of equine health products and services. With the rising number of equine facilities and increasing awareness around animal health care, veterinary hospitals and clinics remain significant contributors to this segment, offering specialized services and tailored treatments for horses. E-commerce has emerged as a key player in recent years, providing an innovative platform for seamless purchasing options, enabling pet owners and equine enthusiasts to access a wide range of products efficiently and at competitive prices.
This growing digital trend has been driven by the increase in internet penetration and smartphone usage in India, facilitating market growth through convenience and accessibility. Furthermore, other channels, potentially including local suppliers and farm-based services, provide essential alternatives that cater to diverse customer preferences and specific regional needs. The increasing disposable income and heightened focus on equine health have created opportunities for growth in various aspects of the market, while challenges such as regulatory frameworks and competition from established brands continue to shape the landscape.
Overall, the Distribution Channel segment is pivotal in bridging gaps within the India Equine Healthcare Market, ultimately contributing to improved health outcomes for equines across the country.
India Equine Healthcare Market Key Players and Competitive Insights
The India Equine Healthcare Market has witnessed significant growth as the awareness regarding animal health and welfare increases among horse owners and equine enthusiasts. This market comprises a variety of products and services tailored specifically to the needs of horses, including veterinary care, nutrition, diagnostics, and pharmaceuticals. Competition in this sector is primarily driven by the rising demand for effective healthcare solutions and innovations in veterinary practices.Â
As horse racing and other equestrian sports gain popularity in India, the need for quality equine healthcare products and services continues to rise, leading to a competitive landscape where both established and emerging players strive to capture market share. Understanding the strengths and weaknesses of key competitors is vital for identifying opportunities for new entrants and enhancing overall market development.Huvepharma has established a strong presence in the India Equine Healthcare Market by focusing on innovative product development and a comprehensive portfolio. The company emphasizes research and development to offer a range of pharmaceutical products designed specifically for equine health, ensuring they meet the needs of veterinarians and horse owners alike.Â
Huvepharma's strengths lie in its ability to provide high-quality products while maintaining competitive pricing, which appeals to a broader customer base. The company has forged strong relationships with local distributors, enhancing its market accessibility and allowing for quicker response times to customer needs. Moreover, Huvepharma's commitment to training and educating veterinarians and equine caretakers helps solidify its reputation as a trusted partner in equine healthcare.
On the other hand, Hindustan Animal Healthcare has positioned itself as a key player in the India Equine Healthcare Market through a wide range of products and services that cater specifically to the health needs of horses. The company is known for its strong portfolio, which includes vaccines, anti-infectives, and nutritional supplements tailored for equine species. Hindustan Animal Healthcare has established a solid distribution network that ensures its products reach various regions, making them accessible to veterinarians and horse owners.Â
Strengths such as robust research capabilities and a focus on quality assurance set the company apart from competitors. Additionally, Hindustan Animal Healthcare's commitment to expanding its product line and improving existing formulations fosters growth in market share. The company has also been active in pursuing strategic partnerships, mergers, and acquisitions, which bolsters its position in the competitive landscape of the equine healthcare sector in India.
Key Companies in the India Equine Healthcare Market Include
- Hindustan Animal Healthcare
- Dechra Veterinary Products
India Equine Healthcare Market Industry Developments
Recent developments in the India Equine Healthcare Market have showcased a significant focus on veterinary pharmaceuticals and innovative healthcare solutions for equines. Companies such as Zoetis and Merck Animal Health are actively enhancing their product offerings amid a rising demand for health supplements and disease control among horses. Hindustan Animal Healthcare has recently launched new equine vaccines aimed at improving disease prevention, while Huvepharma has made strides in their equine product line, focusing on nutritional health and performance enhancement.Â
In terms of mergers and acquisitions, a notable transaction involved Elanco Animal Health acquiring a small biotech firm in August 2023 to bolster its equine portfolio. Moreover, the market is experiencing growth, with an increased valuation attributed to a surge in awareness pertaining to equine health management and welfare. The equine healthcare sector has seen increased investment supporting the Research and Development of new treatments and vaccines. Over the last two years, major players like Bharat Serum and Indo Veterinary have also been expanding their footprints through partnerships and collaborations, influencing overall market dynamics and enhancing service availability.
India Equine Healthcare Market Segmentation Insights
-
Equine Healthcare Market Product Outlook
-
Equine Healthcare Market Indication Outlook
- Musculoskeletal Disorders
-
Equine Healthcare Market Activity Outlook
-
Equine Healthcare Market Distribution Channel Outlook
- Veterinary Hospitals & Clinics
| Report Attribute/Metric Source: |
Details |
| MARKET SIZE 2023 |
121.83(USD Million) |
| MARKET SIZE 2024 |
129.5(USD Million) |
| MARKET SIZE 2035 |
645.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) |
15.715% (2025 - 2035) |
| REPORT COVERAGE |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR |
2024 |
| MARKET FORECAST PERIOD |
2025 - 2035 |
| HISTORICAL DATA |
2019 - 2024 |
| MARKET FORECAST UNITS |
USD Million |
| KEY COMPANIES PROFILED |
Huvepharma, Hindustan Animal Healthcare, Saja Pharmaceuticals, Zoetis, Bharat Serum, Merck Animal Health, Agrovet, Indo Veterinary, Elanco Animal Health, Boehringer Ingelheim, Medsun, Cegelec, Virbac, Vetoquinol, Dechra Veterinary Products |
| SEGMENTS COVERED |
Product, Indication, Activity, Distribution Channel |
| KEY MARKET OPPORTUNITIES |
Increasing equestrian sports popularity, Growing demand for advanced veterinary services, Rising awareness of equine nutrition, Expansion of online veterinary consultations, Development of specialized equine pharmaceuticals |
| KEY MARKET DYNAMICS |
Increasing equine ownership, Rising awareness of health, Growth in veterinary services, Advancements in treatment options, Demand for specialized nutrition |
| COUNTRIES COVERED |
India |
Frequently Asked Questions (FAQ) :
The India Equine Healthcare Market is expected to be valued at 129.5 million USD in 2024.
By 2035, the India Equine Healthcare Market is projected to reach a valuation of 645.0 million USD.
The market is anticipated to grow at a CAGR of 15.715% from 2025 to 2035.
Major players include Huvepharma, Hindustan Animal Healthcare, Zoetis, Merck Animal Health, and Elanco Animal Health.
The market is segmented into vaccines, pharmaceuticals, medicinal feed additives, diagnostics, and software & services.
The vaccines segment is expected to grow to 125.0 million USD by 2035.
The pharmaceuticals segment is valued at 40.0 million USD in 2024.
Growth opportunities arise from increased awareness of equine health and advancements in veterinary technologies.
The diagnostics segment is anticipated to be valued at 30.0 million USD in 2024.
The software & services segment is forecasted to reach 95.0 million USD by 2035.
