New Delhi, July 18, 2022 (GLOBE NEWSWIRE) -- A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global animal wound care market was worth USD 1.1 billion in the year 2020 and is estimated to grow at a CAGR of 5.9%, earning revenue of around USD 1.7 billion by the end of 2027. The growing pet adoption rate, especially in developed countries, is one of the major factors propelling the market for animal wound care.Additionally, the increasing consumption of meat and other animal products has also influenced the market, as livestock must be free from infection for consumption by humans.
High Pet Adoption Rates Will Propel the Global Animal Wound Care Market Growth
Increasing awareness regarding the care of pets and the humanization of animals is increasing pet adoption rates.The adoption of companion animals, especially dogs and cats, has led to significant growth of the global animal wound care market.As people are getting more sensitive towards animals, they are increasingly adopting pets from animal and rescue centers. Because of these factors, the demand for animal wound care products is increasingrapidly. The cases of infections in pet animals increase the risk of health issues in humans as well. As a result, pet owners regularly consult their veterinarians to take care of their pets, which in turn contributes to the growth of the market.
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Strict Government Regulations Regarding Animals Health Will Boost the Global Animal Wound Care Market DuringThe Forecast Period
In response to rising pet adoption rates, governments of different countries are developing certain regulations aimed at ensuring the health and safety of animals.It is mandatory in some US states, like Alabama, to sterilize a pet before it is adopted.In several other states, including Connecticut, pets are also subject to medical examinations if they are adopted or put up for sale.In Florida, it is mandatory for dogs and cats to be checked for infectious diseases before they can be adopted.All of these rules and regulations have increased the global demand for animal wound care products.
Global Animal Wound Care Market - By Product
Based on products, the global animal wound care market is segmented into surgical wound care products, advanced wound care products, traditional wound care products, and therapy devices. Among these, the surgical wound care products segment holds the largest market share. There are many different types of surgical wound care products available, including sutures, staplers, skin adhesives, sealants, and glues.Since skin staplers are commonly used during surgical procedures, they are in high demand in the market.Furthermore, the ease of use, affordability, and easy removal feature plays a critical role in the growing demand for skin staplers.
Please Visit the Press Release of Global Animal Wound Care Market: https://www.blueweaveconsulting.com/press-release/global-animal-wound-care-market-showing-steady-growth-projected-to-grow-at-a-cagr-of-5-9-during-the-forecast-period
Global Animal Wound Care Market - Regional Insights
Geographically, the global animal wound care market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the regions, North America accounted for the largest market share in the global animal wound care market, followed by Europe. Due to the large number of pets adopted in these regions, as well as the increasing disposable income, a high percentage of spending is spent on the pet's health.However, the Asia-Pacific region is projected to register the highest CAGR during the forecast period due to the high population of livestock animals in this region.The livestock animalsare used to produce milk, meat, agricultural products, and for exporting meat to other countries.As a result, the animal wound care market in this region is flourishing.
Impact of COVID-19 on Global Animal Wound Care Market
In the early phase of COVID-19's pandemic, surgical procedures on animals were either postponed or canceled. The demand for animal wound care products and devicesdecreased subsequently as a result of this. The overall market is projected to flourish again in the post-COVID-19 environment.The prevalence of animal infections spreading into humans has become a serious concern for countries and individuals.Pet owners, therefore, make sure their pets are regularly examined to ensure they have no infections.As a result, the global animal wound care market is gaining significant traction and is also projected to grow substantiallyduring the forecast period.
Competitive Landscape
The leading market players in the global animal wound care market are Primavet, Inc., Virbac, Robinson Healthcare, Milliken & Company, Medtronic PLC, Advancis Veterinary Ltd, 3M Company, Sentrx Animal Care, Elanco Animal Health, Neogen Corporation, BSN Medical, Kericure Inc., Innovacyn, Inc., Dechra Pharmaceuticals, Smith & Nephew PLC, B. Braun Melsungen AG, Ethicon, Care-Tech Laboratories, Inc., Eli Lilly and Company, and other prominent players
The industry participants spend hefty amounts on research and development activities and are expanding their product portfolio to stay ahead of the curve. Moreover, the global animal wound care market is highly competitive with the presence of several leading market players. Additionally, several regional companies are also making waves and giving stiff competition to giant companies.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global animal wound care market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global animal wound care market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Recent Developments
- In March 2021, Axio Biosolutions, an Indian integrated wound care company announced its entrance into the global animal wound care market. Through the launch of SureKlot, a range of veterinary products, the company aims to expand its offering in veterinary wound management solutions.
- In May 2020, EPiQ Animal Health, a US-based leading distributor of animal care products, and Sentrx Animal Care, a US-based veterinary wound care products manufacturer, announced their partnership for the distribution of Sentrx products through EPiQ.
Scope of the Report
| Attributes | Details |
| Years Considered | Historical data – 2017-2020 |
| Base Year – 2020 | |
| Forecast – 2021 – 2027 | |
| Facts Covered | Revenue in USD Billion |
| Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
| Product Service/Segmentation | By Product, By Animal Type, By End-User, By Region |
| Key Players | Primavet, Inc., Virbac, Robinson Healthcare, Milliken & Company, Medtronic PLC, Advancis Veterinary Ltd, 3M Company, Sentrx Animal Care, Elanco Animal Health, Neogen Corporation, BSN Medical, Kericure Inc., Innovacyn, Inc., Dechra Pharmaceuticals, Smith & Nephew PLC, B. Braun Melsungen AG, Ethicon, Care-Tech Laboratories, Inc., Eli Lilly and Company, and other prominent players |
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
- Others
- Traditional Wound Care Products
- Tapes
- Dressings
- Bandages
- Absorbents
- Others
- Therapy Devices
- Negative Wound Pressure Therapy (NPWT) Or Vacuum Assisted Closure (VAC)
- Others
By Animal Type
- Companion Animals
- Cats
- Dogs
- Horses
- Livestock Animals
- Cattle
- Pigs
- Others
By End-User
- Hospitals & Clinics
- Home Care Settings
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
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