Animal wound care market is expected to rise from its initial estimated value of USD 930.83 million in 2018 to a projected value of USD 1556.80 million by 2026, registering a CAGR of 6.64% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in the healthcare expenditure incurred on animals and pet.
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Animal wound care can be defined as those medical devices and services that help in providing the required healthcare to wounded or diseases population of animals. The products included in this category are specifically produced keeping in mind the anatomy of animals, along with the pharmaceutical solutions with the reactions it might differ from in comparison to humans.
Key Market Competitors: Global Animal Wound Care Market
Braun Melsungen AG; KCI Licensing, Inc.; NEOGEN CORPORATION; Indian Immunologicals Limited; Johnson & Johnson Services, Inc.; Bayer AG; Virbac; Medtronic; Sonoma Pharmaceuticals, Inc.; Advancis Veterinary Ltd; KRUUSE; 3M; Robinson Healthcare; Smith & Nephew; Ceva; de Biogénesis Bagó; Dechra Pharmaceuticals; Huvepharma; Jorgensen Labs; SilverGlide; SentrX Animal Care, Inc. and INNOVACYN, INC. are few of the major competitors currently present in the animal wound care market.
- Growing levels in adoption of pets and livestock requiring the need for proper healthcare services and solutions; this factor is expected to act as a driver for the market growth
- Increasing levels of income of the population resulting in better quality of healthcare provided for animals; this factor is expected to act as a driver for the market growth
- Lack in the number of veterinary doctors and physicians in the market are expected to restrain the market growth
- High levels of cost associated with specialized care and healthcare services for animals is also expected to restrain the market growth
Key Developments in the Market:
- In September 2017, Sonoma Pharmaceuticals, Inc. announced the commercialization and sale of “MicrocynAH” category of products for animal healthcare in Japan region. The category approved by veterinarians is expected to increase the market share of Sonoma Pharmaceuticals, Inc. in the region.
- In August 2017, Indian Immunologicals Limited announced the launch of “Zuspray”, their first herbal topical spray product designed for the treatment of open-wounds including any surgical wounds. This launch will help in the company enhancing their division of products related to health care of animals.
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Global animal wound care market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of animal wound care market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Animal Wound Care Market
- By Product
- Surgical Products
- Sutures & Staplers
- Tissue Adhesives, Sealants & Glues
- Advanced Wound Care
- Advanced Wound Dressings
- Foam Dressings
- Hydrocolloid Dressings
- Film Dressings
- Hydrogel Dressings
- Traditional Wound Care
- Therapy Devices
- By Animal Type
- Companion Animals
- Livestock Animals
- By End User
- Hospitals & Clinics
- Home Care
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
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