Animal Wound Care Market worth $1.5 billion by 2025 - Exclusive Report by MarketsandMarkets™
According to the new market research report "Animal Wound
Care Market by Product (Surgical
(Suture, Sealant, Glue) Advanced (Film, Foam, Hydrogel, Hydrocolloid dressing)
Traditional (Dressing, Bandage, Absorbent, Tape) & NPWT Device) Animal
(Companion, Livestock) & End User - Global Forecast to 2025", published
by MarketsandMarkets™, the Animal Wound Care Market is
projected to reach USD 1.5 billion by
2025 from USD 1.0 billion in 2020, at a
CAGR of 7.4% during the forecast period.
Browse in-depth TOC on "Animal
Wound Care Market"
192 – Tables
35 – Figures
228 – Pages
The rising demand for animal food products,
increasing concerns over animal diseases, growing companion animal market, and
surging veterinary healthcare expenditure are the major factors driving the
growth of this market. However, an increase in pet care costs, low adoption of
advanced animal wound care products in emerging markets, and shortage of vet
practitioners in developing markets are hindering the market's growth.
Growing pet population and rising pet expenditure to
drive the demand for surgical wound care products.
Based on product, the animal wound care market is
segmented into surgical wound care products, advanced wound care products,
traditional wound care products, and therapy devices. Surgical wound care
products accounted for the largest share in 2019. The large share of this
segment can primarily be attributed to the increasing number of animal
conditions requiring surgeries, rising adoption of surgical wound care products
in veterinary practices and increasing pet adoption and pet care expenditure.
Increasing adoption of companion animal is expected
to drive its market growth.
Based on animal type, animal wound care market is
segmented into companion animal and livestock animals. In 2019, companion
animals accounted for the largest share of the global market. The growth of
this segment can be attributed to the growing companion animal population,
increasing pet care expenditure, rising number of sports horses, and surging
demand for pet insurance across the world.
The hospitals segment accounted for the largest
market share in 2019
Based on end user, the market is segmented into veterinary hospitals & clinics, and home care settings. Veterinary hospitals & clinics accounted for the largest share of the market in 2019. The large share of this segment can be attributed to growing awareness about animal health, increasing companion animal population, and rising pet care expenditure in emerging regions.
North
America was the largest regional market for animal
wound care market in 2019
The market is segmented into five major regions,
namely, North America, Europe, Asia Pacific, Latina America,
and the Middle East and Africa.
In 2019, North America accounted
for the largest share. North
America's prominence in this market is mainly attributed
to the increasing population of companion animals and growing pet care
expenditure. The market in Asia
Pacific is expected to grow at the highest CAGR during
the forecast period. This can be attributed to the rising population of
livestock animals, increasing consumption of animal-derived food products, and
growing adoption of pets.
The prominent players in the global animal wound
care market are Elanco Animal Health (US), Medtronic PLC (Ireland),
B Braun Melsungen AG (Germany), 3M Company (US), Virbac (France),
Jorgen Kruuse A/S (Denmark),
Dechra Pharmaceuticals (UK), Neogen Corporation (US), Ethicon, Inc. (US),
Sonoma Pharmaceuticals Inc. (US), Jazz Medical, LLC (Ireland),
Smith & Nephew PLC (UK), and Kericure Inc. (US).
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Contact:
Sanjay S
Team Lead
Email : sanjay.sutar@marketsandmarkets.com