The global veterinary wound care market was valued at USD 1.1 Billion in 2022 and is expected to reach USD 2.8 Billion by 2033. The surgical wound care products segment with a market share of more than 61.0% has topped the global market within the product category in 2022 and is expected to grow at a CAGR of close to 8.5% over the forecast period (2023 to 2033).
Market Outlook:
| Data Points | Market Insights |
|---|---|
| Market Value 2022 | USD 1.1 Billion |
| Market Value 2023 | USD 1.2 Billion |
| Market Value 2033 | USD 2.8 Billion |
| CAGR 2023 to 2033 | 8.7% |
| Market Share of Top 5 Countries | 49.8% |
| Key Market Players | Elanco; Virbac; Medtronic; B Braun; Jorgen Kruuse; Dechra Pharmaceuticals; Neogen Corporation; Ethicon; Sonoma Pharma; Jazz Medical; KAKEN PHARMACEUTICAL CO., LTD. and KOB GmbH |
The need for adequate wound care for animals has become more apparent to pet owners and veterinarians. The increase in awareness campaigns, educational programs, and improved access to information has aided in disseminating awareness about the benefits of timely and adequate wound management for animals, resulting in increased demand for veterinary wound care products.
There is a rising emphasis on providing excellent care to animals in order to promote animal well-being. Wound care or infection treatment in animals is quite critical for reducing pain, avoiding infection, and promoting a faster healing process. Hence, wound management is becoming a higher priority for animal welfare organizations, veterinary practitioners, and pet owners as part of holistic animal healthcare.
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The global market for veterinary wound care was around 5.6% of the overall USD 20.2 Billion of the global wound care market in 2022.
The market for animal wound care is primarily driven by the rise in government and animal welfare association activities, as well as the increased spending on pet adoption and veterinary treatment. New companion animal goods are also being developed by firms, which is expected to expand the industry.
Due to the high occurrence of illnesses that cause wounds in animals, the need for effective and quick wound treatment solutions is anticipated to increase throughout the forecast period.
The increasing number of pet owners and their willingness to spend money on their pets' healthcare has increased the demand for improved wound care solutions in veterinary medicine.
Pet owners are looking for high-quality wound care solutions to encourage healing and improvement in their pets' general well-being. The increased number of animals in need of wound treatment has resulted from increased pet adoption as well as increased rescue efforts of the animals. Wound management is frequently required for these animals due to an increase in the number of injuries, operations, or trauma.
Owed to the above factors, the global market is projected to grow at a CAGR of 8.7% in the forecasted period.
Advancements in veterinary medicine and wound care techniques are expanding the range of treatment options available. New and improved wound care products are being developed to cater to the specific needs of different animal species. Advancements in veterinary medicine have significantly transformed the way animals are cared for, diagnosed, and treated. Over the years, veterinary medicine has evolved through various technological, scientific, and medical breakthroughs, leading to improved animal health, longer lifespans, and enhanced treatment options. This has a positive impact on the adoption of veterinary wound care products and hence presents lucrative opportunities for the key players in the market.
Apart from this, the expansion of veterinary hospitals and clinics, along with the availability of specialized wound care services, presents opportunities for wound care product manufacturers to partner with these facilities and provide their products.
Principal Consultant
Wound care in veterinary medicine entails dealing with a wide variety of animal types and sizes. Variability in anatomy, physiology, and wound characteristics can make designing and implementing standardized wound care protocols and products across different animals difficult, limiting the availability of universal remedies.
In some areas, access to veterinary facilities with advanced wound care capabilities may be limited. This can be a limitation, especially in rural or underdeveloped areas where veterinary services and specialized wound care knowledge may be limited.
Complying with regulatory regulations and securing required licenses for veterinary wound care products can be difficult and time-consuming. The regulatory framework for veterinary products may vary from country to country, increasing complexity and potential impediments for producers bringing innovative wound care solutions to market.
The USA occupied 78.7% of the North American market share in 2022. This is due to the high adoption of pets by the USA population. Over the past three decades, the number of Americans who keep pets has increased dramatically.
The number of Americans who own pets is steadily increasing, and pet insurance is also becoming more and more popular. Because of its growing popularity, pet care is now costing their owners more money overall, which is helping the market for wound care to expand.
China dominated the East Asia market with over 45.0% value share and is expected to grow significantly at a CAGR of close to 11.2% over the forecast duration.
As China's pet ownership and healthcare awareness continue to rise, the demand for specialized veterinary wound care products and services increases. Other than this, urbanization in China has led to changes in lifestyle and family structures, with more people living in apartments or smaller homes. This shift encourages pet owners to prioritize the health and well-being of their companion animals, including seeking proper wound care when necessary.
In 2022, Germany held a significant share of the Europe market and contributed around USD 74.9 Million.
The German population is predicted to adopt more dogs and cats, which will boost the need for their vaccinations and the need for healthcare to keep them from contracting zoonotic diseases. These factors are anticipated to drive the segment's growth over the course of the forecast year. For instance, the European Pet Food Industry report estimated that in 2021 Germany would have 10,300,000 dogs and 16,700,000 cats. According to estimates, pet adoption will increase healthcare costs and spur industry expansion.
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By product, surgical wound care products held 61.4% market share in the world in 2022. This segment is expected to expand at a CAGR of around 8.5% in the forecasted period.
In veterinary practice, animal wounds are frequently witnessed and are almost often traumatic or the result of surgery. The goal of clinical care is to quickly restore health while removing the possibility of delayed wound healing. The use of surgical wound care products is being accelerated by this issue.
The market value of companion animals is representing a sizable market share of around 64.2% in 2022. This is due to the fact that the spending on veterinary care by the owners is skyrocketing in developed countries.
According to the American Veterinarian Medical Association, a single household spent USD 326 on veterinarian services and medication on average in 2020, which was 33% of all expenditures on domestic pets in the USA.
The veterinary hospitals & clinics have a considerable presence in the veterinary wound care market, accounting for 74.2% value share in 2022, and exhibiting a high CAGR of 8.5% over the forecast period.
In order to handle the majority of health issues, animal hospitals and veterinary clinics provide specialized care, including surgery, therapy, and nursing. Additionally, the frequency of routine veterinarian visits is increasing, which aids in the early detection of disorders, enabling prompt treatment and promoting the long, happy, and healthy lives of pets. This is the reason why the veterinary hospitals & clinics segment is the dominant one.
It is crucial to create creative and efficient wound care products that are catered to the unique requirements of various animal species. Continuous product development and improvements help maintain a competitive edge and meet evolving customer demands. Forming strategic partnerships and collaborations with veterinary hospitals, research institutions, and key opinion leaders can help validate products, expand market reach, and drive product adoption.
Following are the instances of the key developments for the key players in this market:
Similarly, recent developments related to the companies manufacturing the veterinary wound care products have been tracked by the team at Future Market Insights, which are available in the full report.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2012 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Malaysia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa and South Africa. |
| Key Market Segments Covered | Product, Animal Type, End User, and Region |
| Key Companies Profiled | Elanco; Virbac; Medtronic; B Braun; Jorgen Kruuse; Dechra Pharmaceuticals; Neogen Corporation; Ethicon; Sonoma Pharma; Jazz Medical; KAKEN PHARMACEUTICAL CO., LTD.; KOB GmbH |
| Report Coverage | Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Pricing | Available upon Request |
The market expanded at a CAGR of 5.6% from 2018 to 2022.
Elanco, Virbac, and Medtronic are the key market players.
Demand for specialized veterinary wound care products and services.
This market is valued at USD 1.2 billion in 2023.
This market is estimated to reach USD 2.8 billion by 2033.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Value-Added Insights 5. Market Background 6. Global Market Demand (in Value or Size in USD Million) Analysis 2012 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, By Product 7.1. Surgical Wound Care Products 7.2. Advanced Wound Care Products 7.3. Traditional Wound Care Products 7.4. Therapy Devices 8. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, By Animal Type 8.1. Companion Animal 8.2. Livestock Animal 9. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, By End User 9.1. Veterinary Hospitals & Clinics 9.2. Homecare 9.3. Research Institutes 10. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East and Africa 11. North America Market Analysis 2012 to 2022 and Forecast 2023 to 2033 12. Latin America Market Analysis 2012 to 2022 and Forecast 2023 to 2033 13. Europe Market Analysis 2012 to 2022 and Forecast 2023 to 2033 14. East Asia Market Analysis 2012 to 2022 and Forecast 2023 to 2033 15. South Asia Market Analysis 2012 to 2022 and Forecast 2023 to 2033 16. Oceania Market Analysis 2012 to 2022 and Forecast 2023 to 2033 17. Middle East and Africa Market Analysis 2012 to 2022 and Forecast 2023 to 2033 18. Market Structure Analysis 19. Competition Analysis 19.1. Elanco 19.2. Virbac 19.3. Medtronic 19.4. B Braun 19.5. Jorgen Kruuse 19.6. Dechra Pharmaceuticals 19.7. Neogen Corporation 19.8. Ethicon 19.9. Sonoma Pharma 19.10. Jazz Medical 19.11. KAKEN PHARMACEUTICAL CO., LTD. 19.12. KOB GmbH 20. Assumptions and Acronyms Used 21. Research Methodology
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Veterinary Wound Care Market
