Global Animal Wound Care Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Animal wound care refers to the management and treatment of wounds in animals, such as cats, dogs, and other pets and livestock. Animal wound care is important for the health and well-being of animals, as wounds can be painful. It is commonly used to promote healing and prevent infection in the wound of animals.

Sizing and Forecast

The animal wound care market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increased pet ownership, awareness and education, rise in pet insurance, regulatory support.

The animal wound care market size is expected to see strong growth in the next few years. It will grow to $1.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to growing pet population, increasing veterinary expenditure, focus on preventive healthcare, emerging markets, regulatory emphasis on animal welfare. Major trends in the forecast period include technological advancements, focus on preventive care, natural and organic products, telemedicine in veterinary care, customized treatment plans.

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Segmentation & Regional Insights

The animal wound care market covered in this report is segmented –

1) By Product: Surgical Wound Care Products, Advanced Wound Care Products, Traditional Wound Care Products, Therapy Devices
2) By Animal: Companion Animals, Livestock Animals
3) By Distribution Channel: Retail, E-commerce
4) By End-Users: Veterinary Hospitals Or Clinics, Homecare, Other End Users

North America was the largest region in the animal wound care market in 2023. The regions covered in the animal wound care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The increasing pet adoption is expected to propel the growth of the animal wound care market going forward. Animal adoption is defined as acquiring animals through rescue groups instead of purchasing them from pet shops or breeders. Pet adopters seek for animal wound care to protect their pets from various wounds and in emergencies, as a result, increasing pet adoption increases the demand for the animal wound care market. For instance, in February 2023, according to Chewy Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. Additionally, in November 2022, according to a national survey of pets and people published by Animal Medicines Australia (AMA), an Australia-based body representing the leaders of the animal health industry in Australia, about half of Australian households have at least one dog making them the most common pet and approximately 48% of households had dogs in 2022. Therefore, increasing pet adoption drives the animal wound care market.

Key Industry Players

Major companies operating in the animal wound care market report are B. Braun Melsungen AG, Medtronic plc, 3M Company, Johnson & Johnson, Virbac SA, Advancis Veterinary Ltd., Innovacyn Inc., Vernacare Limited, Neogen Corporation, KeriCure Inc., Sonoma Pharmaceuticals Inc., Elanco Animal Health Incorporated, Dechra Pharmaceuticals PLC, Jørgen Kruuse A/S, Robinson Healthcare Limited, Sentrx Animal Care Inc., Ethicon Inc., BioNote Inc., Heska Corporation, IDEXX Laboratories Inc., IDvet, Randox Laboratories Ltd., BioCure Inc., VetCare Inc., VetStem Biopharma Inc., VetCell Therapeutics PBC, VetWound Inc., VetMedWound LLC, VetDerm Solutions, VetHeal

The animal wound care market report table of contents includes:

1. Executive Summary

 

2. Animal Wound Care Market Characteristics

3. Animal Wound Care Market Trends And Strategies

4. Animal Wound Care Market – Macro Economic Scenario

5. Global Animal Wound Care Market Size and Growth

…

31. Global Animal Wound Care Market Competitive Benchmarking

32. Global Animal Wound Care Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Animal Wound Care Market

34. Animal Wound Care Market Future Outlook and Potential Analysis

35. Appendix

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