A newly released Animal Wound Care Market analysis report by Future Market Insights shows that global sales of in 2021 were held at USD 1 billion. With 8.7%, the projected market growth from 2022 to 2032 is expected to be significantly higher than the historical growth. Surgical Wound Care Products is expected to be the highest revenue-generating grade category, projected to register an opportunity of 10.4% CAGR from 2022 to 2032.
| Attributes | Details |
|---|---|
| Global Animal Wound Care Market Size (2022) | USD 1.1 billion |
| Global Animal Wound Care Market Size (2032) | USD 2.6 billion |
| Global Animal Wound Care Market CAGR (2022 to 2032) | 8.7% |
| USA Animal Wound Care Market CAGR (2022 to 2032) | 14.7% |
| Key Companies Covered | Elanco Animal Health; Medtronic PLC; B. Braun Melsungen AG; Virbac; Jorgen Kruuse A/S; Dechra Pharmaceuticals; Neogen Corporation; Ethicon, Inc.; Sonoma Pharmaceuticals Inc.; Jazz Medical LLC; Prima-Vet Inc. |
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As per the Animal Wound Care Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the market increased at around 7.3% CAGR.
The key factors driving the market of the animal wound care market are increased government and animal welfare association initiatives, as well as enhanced animal adoption and animal healthcare spending. Also, businesses are creating new companion animal products, which are anticipated to boost the market. For example, PetCare created a combo kit offering for pet health in March 2021. For pet health and wellness, this package contains Conditioning Tea Tree Oil Shampoo, Hot Spot Relief cream, and Skin and Coat Health Chews.
The demand for effective and early wound care products is expected to rise during the forecast period due to the high prevalence of diseases that cause wounds in animals. Increasing authorization and product launches of new animal wound care products are expected to be prominent drivers for the animal wound care market.
The market is being propelled by the increased adoption of companion animals and rising demand for veterinary surgeries. Furthermore, the rising number of veterinary visits is fuelling market expansion. The market is expanding due to the rising consumption of animal protein and advancements in wound care products.
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North America held the largest animal wound care market, accounting for 32% of the global market in 2021. The increased efforts made by key players to promote their product portfolio and ensure standards are anticipated to fuel the regional market for wound care products. Elanco Animal Health will launch a new flea-preventative ointment in June 2020 to expand its product portfolio.
The demand for animal wound care in the Asia Pacific is expected to grow rapidly over the projected timeline. Since most nations rely on agricultural producers and exporters, the availability of domesticated animals is widespread and expected to grow significantly. Furthermore, raising awareness about livestock diseases fuels regional market growth. High disposable income increases the likelihood of growing adoption of domestic pets, which broadens future growth prospects. Furthermore, it is expected that regular updates to healthcare infrastructure will provide the marketplace with potential growth opportunities over the forthcoming years.
The United States is expected to account for the largest market share of USD 693.7 million by the end of 2032. According to the Animal Cancer Foundation, canine and cat cancer is widespread in the United States, and the number is expected to grow by approximately six million cases annually. The country houses more than 65 million dogs and 35 million cats.
Furthermore, stringent government regulation pertaining to pet well-being is propelling revenue. For example, it is illegal under Canadian law to wilfully overlook, wound, injure, or maim an animal. Laws governing the treatment and care of farm animals are also in place in provinces and territories, which aids growth. European federal legislation has mandated the use of post-operative care in animals.
There were nearly 13 million dogs, 12 million cats, 1.6 million indoor birds, and 1.4 million domestic fowl in the United Kingdom in 2021. Owing to these figures, the market for animal wound care in the country is projected to reach a valuation of USD 133.5 million by 2032. The market in the country is expected to garner an absolute dollar opportunity of USD 79.7 million from 2022 t 2032.
Pet fondness in Japan can be estimated from the fact that it is the only country globally where pets outnumber children. According to the Japan Pet Food Association, the country is populated with 17 million children under 16 years of age, whereas it constitutes nearly 20 million cats and dogs. With these statistics, the market for animal wound care in Japan is expected to reach a valuation of USD 147 million by 2032, growing at a CAGR of 10.9% from 2022 to 2032.
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The Surgical Wound Care Products is expected to account for the highest CAGR of 10.4% by the end of 2032. Sutures, staplers, and tissue adhesives are examples of surgical wound care products. Skin staplers have grown in popularity due to benefits such as ease of use, reduced surgical procedure time, and ease of removal. Depending on the application, absorbable or non-absorbable sutures can be used. Surgeries sutures and suture cassettes are used to provide temporary assistance for wound healing in a variety of veterinary surgeries, including orthopedic, cardiovascular, and neurological procedures.
In 2021, the market through companion animals held the largest market for animal wound care, with a revenue share of more than 64%. The segment captured the lion's share as pet healthcare spending increased, particularly in developed regions. One of the key growth drivers for animal wound care is the growing demand for non-invasive surgeries. Modern surgeries have numerous advantages, such as relatively small surgical wounds and fewer stitches, giving pet parents confidence to choose advanced minimally invasive surgical operations.
To gain a competitive advantage in the animal wound care market, key players are planning to invest in strategies such as growth plans, product launches, mergers, and partnerships. Some of the key players operating in the market include Elanco Animal Health, Medtronic PLC, B. Braun Melsungen AG, Virbac, Jorgen Kruuse A/S, Dechra Pharmaceuticals, Neogen Corporation, Ethicon, Inc., Sonoma Pharmaceuticals Inc., Jazz Medical LLC, and Prima-Vet Inc.
Some of the recent developments in the Animal Wound Care Market are:
The active ingredients of the product include an insect growth regulator (IGR), an adulticide, and a synergist that provides protection from infestations, kills louse eggs before hatching, and results in season-long lice control in one application.
Elanco will collaborate with Purdue's life science researchers, who specialize in animal science, systems biology, protein evolution, and engineering, microbiome discovery, and clinical veterinary medicine. As part of the agreement, Elanco and Purdue's Life Sciences would therefore work on a broad array of research projects in Purdue's laboratories.
Similarly, more recent developments related to companies in Animal Wound Care Market services have been tracked by the team at Future Market Insights, which are available in the full report.
The Global Animal Wound Care Market is worth USD 1.1 billion at present.
The market value is projected to increase at a CAGR of around 8.7% from 2022 to 2032.
The value of the Animal Wound Care Market increased at a CAGR of around 7.3% from 2017 to 2021.
The market in the USA is projected to expand at a CAGR of around 14.7% from 2022 to 2032.
1. Executive Summary | Animal Wound Care Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Surgical Wound Care Products 5.1.1. Sutures and Staplers 5.1.2. Tissue Adhesives, Sealants, and Glues 5.2. Advanced Wound Care Products 5.2.1. Foam Dressings 5.2.2. Hydrocolloid Dressings 5.2.3. Film Dressings 5.2.4. Hydrogel Dressings 5.2.5. Absorbents 5.2.6. Other Advanced Dressings 5.3. Traditional Wound Care Products 5.3.1. Tapes 5.3.2. Dressings 5.3.3. Bandages 5.3.4. Absorbents 5.3.5. Other Traditional Wound Care Products 5.4. Therapy Devices 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Animal Type 6.1. Companion Animal 6.2. Livestock Animal 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 7.1. Veterinary hospitals & clinics 7.2. Homecare 7.3. Research Institutes 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel 8.1. Retail 8.2. E-commerce 8.3. Veterinary hospitals & clinics 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East and Africa (MEA) 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. B. Braun Melsungen AG 19.2. Medtronic 19.3. 3M Company 19.4. Johnson & Johnson (Ethicon) 19.5. Virbac 19.6. Advancis Veterinary Ltd 19.7. Innovacyn, Inc. 19.8. Robinson Healthcare 19.9. NEOGEN Corporation 19.10. KeriCure, Inc. 19.11. Sonoma Pharmaceuticals, Inc. 20. Assumptions & Acronyms Used 21. Research Methodology
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Animal Wound Care Market
