Animal Wound Care Market to Grow with a CAGR of 5.25% through 2028
According to
TechSci Research report, “Animal Wound Care Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Animal Wound Care Market stood at USD 1.52 Billion in 2022 and is
anticipated to grow with a CAGR of 5.25% in the forecast period, 2024-2028.
The
global animal wound care market has witnessed substantial growth in recent
years, driven by a confluence of factors that emphasize the increasing
importance of pet and livestock healthcare. As pets become integral members of
families worldwide, and livestock plays a crucial role in global food
production, the demand for effective and advanced animal wound care solutions
has surged. One of the primary drivers of the
animal wound care market is the growing trend of pet ownership and the
increasing humanization of pets. As pets assume a more significant role in
people's lives, there is a heightened awareness and willingness to invest in
their healthcare. This has led to an increased demand for specialized wound
care products tailored to the unique needs of companion animals.
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"Global Animal Wound Care Market”
Technological
advancements in veterinary medicine have played a pivotal role in the expansion
of the animal wound care market. Innovations such as advanced wound dressings,
topical solutions, and minimally invasive surgical techniques have become more
accessible, offering veterinarians and pet owners effective tools for wound
management. Animals, both
domestic and livestock, are susceptible to various injuries and wounds due to
accidents, fights, surgical procedures, or environmental factors. The
increasing prevalence of these incidents has heightened the demand for reliable
and efficient wound care solutions. This trend is particularly evident in
regions with a high population of pets and livestock.
As
awareness about animal health and welfare grows, there is an increased focus on
providing optimum care for animals. This includes the prompt and effective
management of wounds to prevent infections and complications. Regulatory bodies
and animal welfare organizations also play a role in promoting the use of
quality wound care products, further fuelling market growth. The expansion of veterinary clinics,
hospitals, and healthcare infrastructure has contributed significantly to the
growth of the animal wound care market. With more accessible veterinary
services, pet owners and farmers are more likely to seek professional care for
their animals, leading to an increased demand for wound care products.
The Global Animal
Wound Care Market is segmented into product, animal, end user and company.
Based
on end user, the Hospitals
& Clinics segment has emerged as the predominant market leader. Hospitals
and clinics employ veterinarians with specialized training in animal wound
care. These professionals possess the knowledge and skills needed to assess and
treat a wide range of injuries, from minor cuts to complex surgical cases. The integration of advanced medical technologies has
significantly enhanced the capabilities of hospitals and clinics in treating
animal wounds. State-of-the-art diagnostic tools, surgical equipment, and
therapeutic devices contribute to more accurate diagnoses and effective
treatment plans.
Based on region,
North America segment is expected to grow during the forecast
period. There has been a notable increase in awareness regarding the
importance of proper wound care in animals. Pet owners and livestock farmers
are now more informed about the potential consequences of untreated wounds,
leading to a higher demand for quality wound care products. North America maintains high regulatory standards for
veterinary products, ensuring the safety and efficacy of animal wound care
solutions. This commitment to quality assurance has contributed to the region's
reputation for producing reliable and effective products.
The Asia Pacific
region is experiencing rapid market growth. Asia Pacific’s companies have been
actively investing in research and development to create cutting-edge products
for animal wound care. This commitment to innovation has resulted in the
introduction of novel therapies and treatments, driving the region's market
dominance.
Major companies
operating in Global Animal Wound Care Market are:
- Elanco Animal
Health
- Ethicon,
Inc.
- Medtronic
PLC
- B.
Braun Melsungen AG
- Jorgen
Kruuse A/S
- Dechra
Pharmaceuticals
- Sonoma
Pharmaceuticals Inc.
- Neogen
Corporation
- Jazz
Medical, LLC
- Prima-Vet
Inc.
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“The
global animal wound care market is propelled by a combination of societal
trends, technological advancements, and an evolving understanding of the
importance of animal health. As pet ownership continues to rise and the
agriculture industry embraces modern practices, the demand for innovative and
effective animal wound care solutions is expected to persist. The convergence
of these market drivers creates a landscape ripe for further growth and
opportunities in the animal wound care market.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Animal Wound Care Market By Product (Surgical Wound
Care Products (Sutures And Staplers, Tissue Adhesive, Sealants, And Glues),
Advanced Wound Care Products(Foam Dressings, Hydrocolloid Dressings, Film
Dressings, Hydrogel Dressings, Other Advanced Dressings), Traditional Wound
Care Products(Tapes, Dressings, Bandages, Absorbents, Other Traditional Wound
Care Products), Therapy Devices), By Animal
(Companion Animal (Cats, Dogs, Horses, Another Companion Animal),
Livestock (Cattle, Pigs, Other Livestock Animals), By End user
(Hospitals & Clinics, Homecare, and Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Animal Wound Care Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Animal Wound Care Market.
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