South Korea Equine Healthcare Market Size & Outlook

The equine healthcare market in South Korea is expected to reach a projected revenue of US$ 82.9 million by 2030. A compound annual growth rate of 10.5% is expected of South Korea equine healthcare market from 2024 to 2030.
Revenue, 2023 (US$M)
$41.1
Forecast, 2030 (US$M)
$82.9
CAGR, 2024 - 2030
10.5%
Report Coverage
South Korea

South Korea equine healthcare market, 2018-2030 (US$M)

South

South Korea equine healthcare market highlights

  • The South Korea equine healthcare market generated a revenue of USD 41.1 million in 2023 and is expected to reach USD 82.9 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
  • In terms of segment, pharmaceuticals was the largest revenue generating product in 2023.
  • Software & Services is the most lucrative product segment registering the fastest growth during the forecast period.


Equine healthcare market data book summary

Market revenue in 2023USD 41.1 million
Market revenue in 2030USD 82.9 million
Growth rate10.5% (CAGR from 2023 to 2030)
Largest segmentPharmaceuticals
Fastest growing segmentSoftware & Services
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPharmaceuticals, Vaccines, Medicinal Feed Additives, Orthobiologics, Diagnostics, Software & Services, Other Products
Key market players worldwideZoetis, Boehringer Ingelheim, CEVA Inc, Merck & Co Inc, Esaote, Vetoquinol SA, IDEXX Laboratories Inc, Dechra Veterinary Products, Sound, Hallmarq Veterinary Imaging


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.2% of the global equine healthcare market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China equine healthcare market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 215.8 million by 2030.

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Equine Healthcare market Companies

Name Profile # Employees HQ Website

South Korea equine healthcare market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to equine healthcare market will help companies and investors design strategic landscapes.


Pharmaceuticals was the largest segment with a revenue share of 25.06% in 2023. Horizon Databook has segmented the South Korea equine healthcare market based on pharmaceuticals, vaccines, medicinal feed additives, orthobiologics, diagnostics, software & services, other products covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Korea equine healthcare market databook

  • Our clientele includes a mix of equine healthcare market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the South Korea equine healthcare market, including forecasts for subscribers. This country databook contains high-level insights into South Korea equine healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea equine healthcare market size, by product, 2018-2030 (US$M)

South Korea Equine Healthcare market Share, 2023 & 2030 (US$M)

South Korea equine healthcare market size, by product, 2018-2030 (US$M)

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