Animal Wound Care Market Size is estimated to grow at a CAGR of 7.5% during the forecast period
The global animal wound care market is
anticipated to reach USD 1,732.3 million by 2030 from USD 1,312.5 million in
2022, at a CAGR of 7.5% during the forecast period.
The major factors influencing the anticipated expansion of
the global market for animal wound care include the prevalence of animal
diseases, the frequency of animal injuries, the prevalence of zoonotic
infections (diseases passed from animals to humans), and the rise in pet
ownership.
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Animal elective surgery was delayed or canceled due to the
COVID-19 pandemic's severe lockdown laws. It had an impact on the market's
expansion and reduced the number of postoperative wound cases. Only a small
number of companies, however, took the required actions to support the market
expansion throughout the pandemic scenario and maintain Vetericyn production
levels in animal wellness.
SEGMENTATION
ANALYSIS
The market is divided into companion animals and livestock
based on the type of animal. Cats, dogs, and other animals are further divided
into the companion animal category. Cattle, pigs, and other animals can all be
included in the livestock category.
On the basis of product, the market is segmented into
surgical, advanced, traditional, and therapy devices. The surgical segment is
further classified into sutures & staplers, tissue adhesive & sealants.
The advanced segment can be sectioned into foam dressings, hydrocolloid
dressings, film dressings, hydrogel dressings, and others. the traditional
segment is further divided into tapes & dressings, bandages, absorbents,
and others.
On the basis of end-use, the market is bifurcated into
veterinary hospitals & clinical, and homecare.
KEY MARKET
DRIVERS
One of the main factors promoting the expansion of the animal wound care market is
the rise in the adoption rate of companion animals across the globe as a result
of changing lifestyles and rising disposable income.
The grade of animal care has improved as a result of rising
veterinary care costs. The operations of many animal shelters have been further
expanded to become full-service hospitals, offering top-notch medical products,
services, and treatment. The need for high-quality animal wound treatment is
probably going to rise.
Government restrictions on animal welfare are increasing
market revenue. For instance, it is forbidden to purposefully disregard, harm,
injure, or maim an animal according to Canada's penal code. The provinces and
territories also have laws controlling the treatment and care of agricultural
animals. Animal post-operative care must be provided according to European federal
laws.
REGIONAL OUTLOOK
Due to rising investments in the countries for the adoption
of animal care, the presence of major market participants, and rising awareness
for animal welfare through various programs, the North American animal wound
care market held the highest share of the global market in 2021. Europe, the
Asia-Pacific region, Latin America, the Middle East, and Africa all have larger
markets than North America.
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