NEWARK, Del, July 31, 2023 (GLOBE NEWSWIRE) -- The Veterinary Wound Care Market refers to the segment of the animal healthcare industry that focuses on products and treatments used for managing and healing wounds in animals. Just like humans, animals can suffer from various types of wounds, including cuts, abrasions, burns, and surgical incisions, which require proper care and treatment to promote healing and prevent infections.
The market for veterinary wound care products has been growing steadily due to an increased awareness of the importance of proper wound management in animals, along with a rise in pet ownership and advancements in veterinary medicine. These products include wound dressings, sutures, staples, tissue adhesives, and topical treatments like antimicrobial agents and healing ointments.
One of the key reasons propelling the growth of the Veterinary Wound Care Market is the rise in pet adoption throughout the globe as a result of changing lifestyles and rising disposable income. The global market currently stands at US$ 1.1 Billion in 2022, and it is further projected to expand at a CAGR of 8.7% over the forecast period (2023-2033).
The rising activities by governments and animal welfare organizations, as well as increased spending on animal adoption and veterinary care, are the main drivers of the expansion of the veterinary wound care industry. The World Organisation for Animal Health is dedicated to ensuring that all requirements for animal welfare, including veterinary treatment, are supported by sound scientific research. It also acknowledges the need to take into account additional elements. The International Coalition of Organisations for Farm Animal Welfare (ICFAW) was established to symbolize the needs of non-governmental animal welfare organizations worldwide.
One of the main factors influencing the global market is increasing surgical procedures, which increases the demand for goods to treat animal wounds. Bites, gunshots, growing, cuts, lacerations, and pressure wounds are examples of animal wounds.
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Key Takeaways from Veterinary Wound Care Market:
By product, surgical wound care products accounts for US$ 693.8 Million in 2022, owed to increased frequency of post-surgical wounds and growing demand for wound care and healing products.
- By animal type, companion animal accounts for US$ 725.5 Million in 2022, due to the high adoption and increasing population of companion animals.
- Veterinary hospitals & clinics held more than 74.2% of the global market share in 2022 due to specialized care in hospitals and clinics.
- By region, North America held dominant share of the world in 2022. The U.S. leads in this region with increasing initiatives by the governments and animal welfare associations and increased animal adoption and healthcare expenditure.
“Increasing spending on vet care and the higher expectation of care from the vets has led to rise in the standard of care” says an analyst of Future Market Insights.
Market Competition of Veterinary Wound Care Market:
The veterinary wound care market is highly competitive, with key players including Ion Beam and Sumitomo Heavy Industries. These companies are constantly participating in partnerships, award competition with their products and launching new products to gain a larger market share, focusing on affordability, convenience, and effectiveness.
- In Sept. 2020, a ground-breaking injectable treatment for canine mastocytoma has been made available, according to Virbac.
Key Companies Profiled Of Veterinary Wound Care Market:
- Elanco
- Virbac
- Medtronic
- B Braun
- Jorgen Kruuse
- Dechra Pharmaceuticals
- Neogen Corporation
- Ethicon
- Sonoma Pharma
- Jazz Medical
- KAKEN PHARMACEUTICAL CO., LTD.
- KOB GmbH
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Wound Care Market: Comprehensive Report Coverage:
Future Market Insights offers a unique perspective and actionable insights on the veterinary wound care market in its latest study, presenting a historical demand assessment of 2012 – 2022 and projections for 2023 – 2033. The global veterinary wound care market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader
The analysis is based on product (surgical wound care products, advanced wound care products, traditional wound care products, and therapy devices), indication (companion animal, and livestock animal) end user (veterinary hospitals & clinics. homecare, and research institutes), across seven key regions around the world.
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Key Market Segments Covered in the Veterinary Wound Care Industry Research
By Product:
- Surgical
- Advanced
- Traditional
- Therapy Devices
By Animal Type:
- Companion Animal
- Livestock Animal
By End User:
- Veterinary Hospitals & Clinics
- Homecare
- Research Institutes
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:
Animal Wound Care Market Size: A newly released Animal Wound Care Market analysis report by Future Market Insights shows that global sales of in 2021 were held at US$ 1 billion. With 8.7%, the projected market growth from 2022 to 2032 is expected to be significantly higher than the historical growth.
Wound Skin Care Market Share: The wound skin care market is estimated to secure a valuation of US$ 8.5 Billion in 2023 and is estimated to rise to US$ 13.2 Billion by 2033. The market is anticipated at a CAGR of 4.5% during the forecast period.
Veterinary Wound Debridement Market Growth: The global veterinary wound debridement market was valued at US$ 663.7 Million in 2022 and is expected to reach US$ 1.5 Billion by 2033.
Veterinary Wound Cleansers Market Trend: According to Future Market Insights research, during the projected period, the global veterinary wound cleansers market is expected to grow at a CAGR of 10.2%. The market value is projected to increase from US$ 185.2 Million in 2023 to US$ 488.2 Million by 2033.
Veterinary Vaccines Market Forecast: The net worth of the market share of veterinary vaccines is predicted to grow from US$ 11.3 Billion in 2023 to over US$ 20.82 billion by 2033. This is expected to further drive the market share of veterinary vaccines and register a CAGR of 6.2% between 2023 and 2033.
Wound Debridement Products Market Analysis: The global wound debridement products market is expected to be valued at US$ 497.3 Billion in 2022.
Veterinary Biologics Market Sales: The global veterinary biologics market is estimated to be US$ 11.4 Bn in 2022 and is expected to reach US$ 18.2 Bn by 2029
Veterinary Pain Management Drugs Market Outlook: The market for Veterinary Pain Management Drugs was worth US$ 1.37 billion in 2022 and is predicted to be worth US$ 2.79 billion by 2032, growing at a 7.2% CAGR from 2022 to 2032.
Wound Skin Care Market Volume: The wound skin care market is estimated to secure a valuation of US$ 8.5 Billion in 2023 and is estimated to rise to US$ 13.2 Billion by 2033.
Pet Cancer Therapeutics Market Application: The global pet cancer therapeutics market size is set to reach US$ 405.90 billion in 2023. Overall sales of pet cancer therapeutics are likely to surge at 10% CAGR, taking the forecasted market valuation to US$ 1052.80 billion by the end of 2033.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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