Equine Veterinary Pharmaceuticals Market Expected to Reach USD 2.93 Billion by 2031 as Preventive Care and Performance Drug Use Expand Across Competitive Equine Sectors
[Lexington, KY – May 19th, 2025] – According to Clearview Market Insights, the global Equine Veterinary Pharmaceuticals Market, currently valued at USD 1.8 billion, is projected to reach USD 2.93 billion by 2031, expanding at a CAGR of 7.2%. This growth is driven by increased veterinary intervention in sports horses, rising demand for geriatric care, and enhanced compliance tools for drug delivery.
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2024 Industry Milestones
Racehorse Therapy Innovation
- Dechra launches once-a-month injectable NSAID for chronic joint pain.
- Zoetis releases an oral anti-ulcer gel with zero-day withdrawal for show horses.
Digital Vet Solutions Integrated with Pharmacies
- North America sees rise in tele-vet platforms linked to automated prescription refills.
Regulatory Updates Improve Transparency
- FEI and U.S. Racing authorities enforce new digital drug logging systems.
- Japan Racing Association approves two new anti-inflammatory drugs.
Executive Insights
"Horses are elite athletes with complex needs. Precision pharma, fast-acting relief, and strict compliance are redefining how veterinary care is delivered," said Dr. Alan Crowe, Senior Equine Pharmacology Analyst at Clearview Market Insights.
"The future lies in long-acting therapies, companion apps for monitoring, and zero-residue medications that don't compromise sport integrity," added Samantha Yuen, Global Equine Strategy Director, Zoetis.
Roadmap to 2031
- 2025: First AI-powered dosing system integrated with wearables
- 2026: Fully FEI-compliant, race-safe anti-inflammatory portfolios become standard
- 2028: 40% of equine medications delivered via sustained-release or transdermal methods
- 2030: Personalized pharmaceutical plans based on genetics and digital health history
- 2031: AI-informed vet-pharma cloud platforms manage 70% of prescriptions globally
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