The global veterinary wound cleansers market is on the brink of a transformative decade, primed for remarkable growth at a Compound Annual Growth Rate (CAGR) of 10.2%, as unveiled in the latest report by Future Market Insights. The market, valued at USD 185.2 million in 2023, is forecasted to soar to an impressive USD 488.2 million by 2033.
This surge is underpinned by a confluence of factors driving heightened demand for effective wound care solutions in veterinary practice. A burgeoning awareness among pet owners and veterinary professionals regarding the critical importance of meticulous wound care, coupled with the expanding pet population and advancements in global veterinary healthcare standards, forms the bedrock of this growth trajectory.
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Furthermore, the advent of innovative products engineered to expedite healing, thwart infections, and offer user-friendly applications is further catalyzing the market expansion.
“The exponential growth projected for the veterinary wound cleansers market underscores a burgeoning recognition of the paramount significance of comprehensive wound care in veterinary medicine,” commented FMI. “This growth trajectory not only signifies evolving pet care standards but also presents unprecedented opportunities for stakeholders across the veterinary healthcare landscape.”
As the global veterinary wound cleansers market continues its upward trajectory, stakeholders are poised to leverage this growth momentum to introduce cutting-edge solutions, thereby enhancing the quality of care delivered to animal companions worldwide.
This growth is attributed to a confluence of factors, including:
- Increasing Incidence of Animal Diseases: With a rise in animal diseases, the demand for effective wound management solutions is escalating.
- Growing Government Investment in Animal Health R&D: Governments are allocating more resources towards research and development in animal disease management, including wound care.
- Impact of Foot and Mouth Disease (FMD): The spread of FMD, particularly among cattle, sheep, and pigs, creates a significant need for specialized wound cleansers due to the painful lesions associated with the disease. A 2019 study published in Viruses Journal highlighted the vulnerability of young animals to FMD, emphasizing the importance of effective wound management to prevent secondary infections and promote healing.
Key Takeaways from Market Study:
- By animal type, companion animal contributed around USD 105.1 Million in 2022. Due to expanding pet ownership rates and increasing spending on pet healthcare, the companion animal segment dominates the market for veterinary wound cleansers.
- By end user, veterinary hospitals & clinics contributed around USD 129.5 Million in 2022. A combination of their enormous patient base and specialized care, veterinary hospitals and clinics dominate the end user segment globally.
- By region, North America held dominant share in world in 2022 contributing around USD 56.3 Million. Presence of modern veterinary medical facilities along with elevated adoption rates of wound cleansers, North America dominates the global market.
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Market Competition:
The veterinary wound cleansers market is highly competitive, with key players including Elanco, Vetoquinol, Virbac, Innovacyn Inc., Axio Biosolutions Pvt Ltd, Jorgen Kruuse, Dechra Pharmaceuticals, Neogen Corporation, Ethicon, Sonoma Pharma, AMERX Health Care Corp. These companies are actively working towards collaborations with healthcare institutes for upgrading their research process as well as clinical trial process.
- In October 2022, Virbac and the World Small Animal Veterinary Association collaborated in order to assist the Reproduction Control Committee, giving global veterinarians access to the most up-to-date resources and information in the continuously growing field of reproduction control.
- In November 2021, Vetoquinol received European Commission approval to sell Felpreva for the prevention and treatment of mixed parasite infestations in cats.
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the veterinary wound cleansers market in its latest study, presenting a historical demand assessment of 2012 – 2022 and projections for 2023 – 2033. The global veterinary wound cleansers 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 animal type (companion animal and livestock animal), by end user (veterinary hospitals & clinics, homecare and research institutes) across seven key regions around the world.
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Key Market Segments Covered in Veterinary Wound Cleansers Industry Research:
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 (MEA)
About Future Market Insights (FMI)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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