The animal healthcare sector that focuses on goods and treatments used for managing and healing wounds in animals is known as the veterinary wound care market. Animals can sustain a variety of wounds, including cuts, abrasions, burns, and surgical incisions. These wounds need to be properly cared for and treated in order to promote healing and prevent infections, just like they can in humans.
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.
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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 to 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.
Key Takeaways:
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.
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:
1. Elanco
2. Virbac
3. Medtronic
4. B Braun
5. Jorgen Kruuse
6. Dechra Pharmaceuticals
7. Neogen Corporation
8. Ethicon
9. Sonoma Pharma
10. Jazz Medical
11. KAKEN PHARMACEUTICAL CO., LTD.
12. KOB GmbH
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 to 2022 and projections for 2023 to2033. 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.
Key Segments:
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
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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