Animal Wound Care Market Size is estimated to grow at a CAGR of 7.5% during the forecast period


Posted October 9, 2023 by Niraj1

The major factors influencing the anticipated expansion of the global market for animal wound care include the prevalence of animal diseases
 
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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Issued By James
Country United Kingdom
Categories Business , Health , Medical
Tags animal wound care market , animal wound care market tresearch , animal wound care market analysis , animal wound care market research
Last Updated October 9, 2023