Growing prevalence of animal diseases is driving the Animal wound care Market growth.
PUNE, India, Feb. 2, 2023 /PRNewswire/ --
Animal wound care Market Overview:
The global Animal wound care Market is currently valued at USD 1.85billion and is expected to reach USD 1.00 billion by the end of 2029, growing at a CAGR of 7.1% over the next decade.
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Animal wound care is a multidisciplinary field that involves the diagnosis, treatment, prevention and control of animal injuries. There are several key growth drivers for this industry including a rapidly aging population with chronic diseases, increasing prevalence of obesity and diabetes in both humans and animals, increasing regulatory requirements for animal health technology compliance and an increased demand from people who own companion animals.
The key growth drivers for this Animal wound care Market:
The key growth drivers for the global animal wound care market are increasing awareness of veterinary services and products in urban households and growing adoption of alternative therapies among consumers. Further, rising disposable incomes and socio-economic factors such as changing lifestyle patterns, increasing disposable income level and increasing purchasing power will have a positive impact on growth of this market.
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In April 2022, Elanco and Ginkgo Bioworks launch BiomEdit, a new animal health company leveraging microbiome technology.
April 2020, Elanco and VetNOW collaborated to expand their access to veterinary care and provide relief to animal owners from the impact of COVID-19.
Animal wound care Market Share Insights: North America (41%) accounts for the largest share of the global Animal wound care Market due to significant presence of key market players in the region.
Market Segmentation Summary:
The animal wound care market defines different types of Products: Surgical Wound Care Products, Advanced Wound Care Products, Traditional Wound Care Products, and Therapy Devices
There are 2 types of animals in the animal wound care market: Companion Animals, Livestock Animals
In the animal wound care market end-use industry segment defines 2 types of end users: Hospitals & Clinics, Home Care Settings
Animal wound care Market Report Scope:
Featured points of the Report
Animal wound care Market Size
USD 1.85 billion
Revenue Forecast in 2029
USD 1.00 billion
Medtronic, 3M Company, Johnson & Johnson (Ethicon), Virbac, Advancis Veterinary Ltd., Innovacyn, Inc., Robinson Healthcare, NEOGEN Corporation, KeriCure, Inc., Sonoma Pharmaceuticals, and Others
By Product, by Animal Type, End-User, and Region
Market growth drivers, constraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segment and region, market share analysis of companies, and COVID-19 impact analysis.
North America, , Asia Pacific, Europe, Middle East & Africa, and South & Central America
15% Free Customization
Learn about the contribution of each segment summarized in concise info graphics and thorough descriptions View a FREE PDF Sample Report
Animal wound care Market: Regional Landscape
The prevalence of animal diseases, the regularity of animal injuries, the prevalence of zoonotic infections (diseases spread from animals to humans), and the rise in pet ownership are a few of the factors driving the predicted growth of the animal wound care market globally.
North America accounted for the largest market in the animal wound care market. North America (USA and Canada) is still the leading region in terms of growth with the markets accounting for almost 41 % globally. The region's demand for wound care products is anticipated to be driven by the increased efforts being made by major manufacturers to expand their product lines and ensure high-quality standards. For instance, Elanco Animal Health expanded its medication line by launching a new flea control ointment in June 2020.
Asia Pacific is expected to witness profitable expansion in the animal wound care market. Due to the dependence of the majority of countries on agricultural exports and production, farm animals are widely available and are predicted to undergo significant expansion. Moreover, the region's market is growing as a result of the rising awareness of livestock animal diseases. Increasing disposable income increases the likelihood that more people will adopt companion animals, which expands the industry's potential for future growth. Furthermore, it is expected that the market will have several prospects for growth over the course of the projection period due to the ongoing updating of the healthcare infrastructure.
Some key high-growth other countries:
The United States dominates the market in North America. Wound treatment in veterinary medicine is handled by an organization known as the United States Animal Health Association. This group keeps tabs on new goods that may be required for animal healthcare. This organization runs a number of advertising activities throughout the nation to educate veterinary professionals and the general public about the best ways to treat animal wounds. Additionally, according to the American Pet Products Association Inc., pet-related spending in the United States increased from USD 95.7 billion in 2019 to a projected USD 99 billion in 2020.
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In this report, the market has been segmented on the basis of:
Animal Wound Care Market by Product, 2023-2029
Animal Wound Care Market by Animal Type
Animal Wound Care Market by End User
Animal Wound Care Market by Distribution Channel
Animal Wound Care Market by Regions
Important Countries in All Regions Are Covered
Key Target Audience
What are the goals of the report?
Read Exactitude Consultancy's research report on the global healthcare industry: https://exactitudeconsultancy.com/product-category/life-sciences/healthcare/
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