by Can Equine Coronavirus Cause Diseases in Humans?
Equine coronavirus has raised many doubts in the minds of horse owners if equine coronavirus can affect humans. As such, equine coronavirus cases are being investigated since 10 years. However, the COVID-19 pandemic has increasingly highlighted the issue of equine coronavirus in horses. Hence, companies in the equine diagnostic services market are conducting podcasts and webinars to educate pet owners about the repercussions of equine coronavirus.
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Companies in the equine diagnostic services market are increasing awareness that horse owners must conduct the necessary COVID-19 tests meant for horses to prevent their exposure toward the infection. Horse owners must identify symptoms of lethargy, anorexia, and acute onset of fever to prevent the exposure to coronavirus. As such, there is lack of evidence whether equine coronavirus can affect humans.
Compliance with ISO Standards Helps Win Faith of Pet Owners
Making horse diagnosis easier and widely available for pet owners has become the need of the hour. Hence, Equigerminal— a one-stop lab for horse diagnosis is creating awareness about its extensive product portfolio for genetic testing kits and infectious disease testing. Veterinary clinics and labs are offering a range of comprehensive diagnostic services for horses that include pathogen testing, DNA testing, and blood testing. Accurate and quick results from these testing kits are bolstering the credibility credentials of companies in the equine diagnostic services market.
The determination of the coat color profile and projected height test is becoming increasingly important for pet owners. Easy three-step procedures for diagnosis are being highly preferred by horse owners. Manufacturers in the equine diagnostic services market are increasing efforts to meet ISO (International Organization for Standardization) standards such as the International Society of Animal Genetics (ISAG) to win the faith of individuals.
Equine Trypanosomosis Widely Neglected by Scientific Community and Horse Owners
Equine trypanosomosis is one of the complex infectious diseases found in horses. However, this disease is widely neglected by horse owners in Asia, Latin America, Africa, and the Middle East, which has led to inhibition of growth for the equine diagnostic services market. Moreover, even the scientific community and veterinary authorities tend to seriously neglect this infectious disease. Since this disease is causing economic losses for horse owners, owners have become aware about the need for infection diagnosis. This explains why the global equine diagnostic services market is expected to advance at a favorable CAGR of ~5% during the assessment period.
The recent outbreak of equine trypanosomosis in Europe has compelled pharmaceutical companies to increase their production capabilities for reliable prophylactic drugs. Companies are increasing their R&D activities in accurate diagnostic tests and algorithms for equine trypanosomosis diagnosis to improve clinical outcomes in horses.
Board-certified Equine Specialists Offer Specialized Testing Solutions to Horse Owners
Horse owners are always on the lookout for comprehensive test menus pertaining to phenotype testing and blood testing. Thus, IDEXX Reference Laboratories are offering specialized testing solutions to pet owners in order to detect any serious diseases affecting horses. Innovating testing products are contributing toward the growth of the equine diagnostic services market, which is expected to cross the revenue mark of ~US$ 280 Mn by the end of 2030.
In order to gain global recognition in the healthcare landscape, diagnostic labs are providing a team of board-certified equine specialists to guide pet owners into required testing procedures. Companies in the equine diagnostic services market are increasing the availability for equine hematology testing. Equine serology and microbiology testing are being preferred by pet owners to identify tick-borne diseases in horses.
Full-body Equine Veterinary Imaging Systems Prove to be Game Changer in CT Scanning
Companies in the equine diagnostic services market are innovating in veterinary imaging systems for horses. In August 2020, Prisma Imaging™— a company focused in equine and large animal radiography, revealed a first-of-its-kind full-body equine veterinary imaging system that addresses the shortcomings of current technologies. This is evident since CT scanning has led to issues such as miscues, which affect the diagnosis of horses. Companies in the equine diagnostic services market are focused on developing next-gen imaging systems for veterinary clinics and lab owners to improve the quality of life in horses.
Improvements in CT scanning technologies are highly recommended in today’s healthcare landscape to study the anatomy of a standing, weight-bearing, and conscious horse. Companies are using their advanced imaging capabilities to identify any health concerns that may deteriorate the health of horses. They are tapping opportunities with the help of robotics to innovate in CT scanning technologies.
MRI Systems Avoid Risks of Poor Performance and Injuries in Horses
Magnetic resonance imaging (MRI) is considered as the gold standard for diagnosing pathology. Therefore, Hallmarq has introduced its Standing Equine MRI system, which is a game changer for routine equine clinical practices. MRI technology is being highly publicized in the equine diagnostic services market to visualize slices through tissues and identify damage to bone tissues sans the need for anesthesia. Diagnostic labs and veterinary hospitals are investing in advanced MRI systems that examine the specific causes of lameness in horses.
It has been found that MRI is one of the most important ways to distinguish between different diseases underlying the navicular disease in the foot. Even racehorse trainers are opting for advanced MRI systems to deploy imaging of the fetlock and the knee to avoid poor performance and injuries in horses.
Analysts’ Viewpoint
The awareness about equine coronavirus has increased after the global outbreak of COVID-19. Hence, pet owners are conducting necessary tests to identify the symptoms of acute onset of fever, lethargy, and anorexia in horses. Next-gen MRI and CT scanning systems are creating value-grab opportunities for companies in the equine diagnostic services market. However, horse owners, regulatory organizations, and scientific community tend to neglect infectious diseases such as equine trypanosomosis, which has resulted in the inhibition of market growth. Hence, companies should increase the availability of reliable prophylactic drugs to avoid incidences of infectious diseases in horses. Diagnostic labs must appoint board-certified equine specialists to guide pet owners toward specialized testing solutions.
Equine Diagnostic Services Market: Overview
The global equine diagnostic services market for the historical period 2018–2019 and forecast period 2020–2030, the global equine diagnostic services market is driven by the rise in equine sports activity
According to the report, the global equine diagnostic services market was valued at ~US$ 168 Mn in 2019. It is anticipated to expand at a CAGR of ~5% from 2020 to 2030.
Key Drivers of Equine Diagnostic Services Market: High Prevalence of Equine Disease
Prevalence of equine diseases has increased in the past few years. Joint infections, bacterial infections, and upper respiratory infections are highly common among horses.
Equine Disease Quarterly, published by the University of Kentucky Equine Research, reported the outbreak of equine diseases in 2014. Horses in North America developed equine infectious anemia, salmonellosis, clostridial enteritis, and other diseases. In Europe, equine arteritis virus infection and anaplasmosis were major equine diseases reported in horses.
According to the U.S. Department of Agriculture, Equine Encephalitis (EEE), Eastern Equine Infectious Anemia (EIA), Equine, Viral Arteritis (EVA), and West Nile Virus (WNV) are commonly encountered equine diseases in the U.S. every year
Therefore, an increase in incidence of equine diseases is anticipated to drive the market for equine diagnostic services
Decline in Equine Population Market: Key Restraint of Equine Diagnostic Services Market
The global equine diagnostic services market has strong correlation with the global equine population. According to the Food and Agriculture Organization (FAOSTAT), in 2016, the global horse population was estimated to be 59,048,194, a declined by 1.07% for the last five years.
Hence, a decline in global horse population is projected to pose a challenge to the global equine diagnostic services market during the forecast period
Equine Diagnostic Services Market: Competitive Landscape
This report profiles major players operating in the global equine diagnostic services market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
Leading players operating in the global equine diagnostic services market are
- Generatio GmbH
- EquiSeq Inc.
- VetGen
- Animal Genetics Inc.
- Veterinary Genetics Laboratory
- Etalon Inc.
- Equine Diagnostic Solution
- LLC
- IDEXX Laboratories, Inc.
- B&W Equine Vets
- Neogen Corporation
Key Questions Answered in Equine Diagnostic Services Market Report
- What is the scope of growth of service type companies in the global equine diagnostic services market?
- What will be the Y-o-Y growth of the global equine diagnostic services market between 2020 and 2030?
- Will North America continue to be the most profitable market for equine diagnostic services providers?
- Which factors are anticipated to hamper the growth of the global equine diagnostic services market during the forecast period?
- Which are the leading companies in the global equine diagnostic services market?
Equine Diagnostic Services Market – Segmentation
Service Type
- Genetic Testing (Preimplantation Genetic Testing, etc.)
- Phenotype Testing
- Infectious Disease Testing
- Others
Service Setting
- Hospitals & Clinics
- Lab Testing & Mobile Settings
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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