Animal Wound Care Market Growing at 7% CAGR to Hit US$ 1.86 Billion by 2034: Fact.MR Report
Rockville , Dec. 05, 2023 (GLOBE NEWSWIRE) — As per Fact.MR, a supplier of market analysis and aggressive intelligence, the worldwide
Animal Wound Care Market
is forecasted to develop at a CAGR of seven% to achieve a valuation of US$ 1.86 billion by 2034-end, primarily as a consequence of components resembling rising pet adoption charges, rising prices related to animal healthcare, and developments in wound care applied sciences.
Advanced dressings, therapies, and medical units are turning out to be extremely efficient in veterinary wound care, complementing market enlargement. The marketplace for animal wound care includes a number of product classes, all of that are important in treating distinct wound care points.
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Key Segments of
Animal Wound Care
Industry Research Report
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By Product Type |
By Animal Type |
By End User |
By Region |
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The most sought-after objects are superior wound dressings, which embody movies, foams, hydrocolloids, and hydrogels. This is as a result of they successfully promote ultimate therapeutic circumstances and forestall subsequent infections.
Manufacturers are providing wound closure objects that assist seal wounds and pace up the therapeutic course of, resembling tissue adhesives, staples, and sutures. Because they’ll hasten tissue regeneration and wound closure, therapeutic instruments like unfavourable strain wound remedy techniques have gotten an increasing number of well-liked.
Key Takeaways from Market Study
- The international animal wound care market is estimated at US$ 949.4 million in 2024.
- The market is forecasted to achieve US$ 1.86 billion by 2034-end.
- Demand for animal wound care options is projected to rise at a CAGR of seven% from 2024 to 2034.
- The market in East Asia is predicted to develop at 7.2% CAGR over the subsequent 10 years.
- The surgical wound phase is about to carry 57.8% market share in 2024.
- North America is projected to account for 30.8% share of the worldwide market in 2024.
“Due to growing pet ownership, technological advancements, and changing public perceptions of pet healthcare, the animal wound care market is going through a revolutionary period. This changing landscape provides several opportunities for players in the industry to innovate and cater to the changing demands of veterinarians and pet owners,”
says a Fact.MR analyst.
Societal Shift towards Viewing Pets as Integral Family Members Prompting Owners to Prioritize Veterinary Health
Pet homeowners are making important monetary investments within the medical necessities of their pets owing to the emotional bond between pet homeowners and their pets. This rising spending presents itself in a wide range of methods, together with frequent veterinary check-ups, preventive care measures, and superior therapy selections for accidents or wounds. Pet homeowners at present are extra inclined to discover and undertake progressive and specialised wound care merchandise, therapies, and medical units that promise enhanced therapeutic and luxury for his or her furry companions.
Integration of progressive know-how resembling regenerative drugs, 3D printing for particular wound dressings, and telemedicine choices for distant wound administration holds immense potential for considerably elevating the extent of look after animal wounds.
Growing availability of pet insurance coverage and wellness plans additional encourages pet homeowners to go for complete healthcare providers, together with top-tier wound care options, thus contributing considerably to the enlargement of the animal wound care market. This upward trajectory in spending on animal healthcare displays a basic shift in societal attitudes towards pet care.
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Report Attribute |
Details |
| Value Projection (2034) | USD 1.86 Billion |
| Growth Rate (2024-2034) | 7% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 84 Tables |
| No. of Figures | 112 Figures |
Competitive Landscape
Prominent gamers within the animal wound care market, resembling Zoetis, Bayer AG, and Johnson & Johnson (Ethicon Inc.), exert substantial affect by leveraging important investments in analysis and improvement, coupled with a worldwide market presence, to supply a various array of merchandise. These business leaders sometimes dominate with in depth portfolios masking wound dressings, surgical care, topical medicines, and rehabilitation options. Their sturdy distribution networks and well-established model status additional cement their positions out there.
As the business undergoes steady evolution, the aggressive panorama stays dynamic, fueled by innovation, strategic alliances, and a dedication to addressing the evolving calls for of veterinary care on a worldwide scale.
- In March 2021, Axio Biosolutions entered the veterinary wound care market with the introduction of the SureKlot product line. SureKlot, available in patch, gauze, powder, and spray kinds, is designed to handle numerous forms of wounds.
- In February 2020, Elanco Animal Health Inc., Purdue University, and the Purdue Research Foundation introduced a collaborative analysis initiative. This five-year venture goals to facilitate the formation of groups engaged on progressive options for numerous challenges in animal well being.
More Valuable Insights
on Offer
Fact.MR, in its new providing, presents an unbiased evaluation of the animal wound care marketplace for 2018 to 2023 and forecast statistics for 2024 to 2034.
The research divulges important insights into the market primarily based on product sort (surgical, superior, conventional, remedy units, others), animal sort (companion animals, livestock animals), and finish consumer (veterinary hospitals/clinics, homecare, analysis institutes, others), throughout six main areas of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
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:
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:
The international animal genetics market is about to take pleasure in a valuation of US$ 6.3 Billion in 2022 and additional develop at a CAGR of 6.2% to achieve US$ 11.5 Billion by the tip of 2032.
Animal Healthcare Market
:
The international animal healthcare market is estimated at US$ 42.87 billion in 2024. Worldwide demand for animal well being merchandise is forecasted to extend at a CAGR of 4.6% and attain a market worth of US$ 67.48 billion by the tip of 2034.
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