Growing Popularity of Vacuum-Assisted/Negative-Pressure Wound Therapy for Companion Animals

Global Animal Wound Care Market

Dublin, Feb. 28, 2024 (GLOBE NEWSWIRE) — The “Global Animal Wound Care Market by Product (Surgical (Suture, Stapler, Glue), Advanced (Hydrocolloid, Hydrogel Dressing), Traditional (Tape, Dressing), Therapy Device) , Type Animal (Cats, Dogs, Horses, Pigs), End User (Hospitals, Clinics) and Region – Forecast report to 2029” has been added to ResearchAndMarkets.com’s offering.

The animal wound care market was valued at an estimated USD 1.3 billion in 2023 and is expected to reach USD 2.0 billion by 2029, at a CAGR of 7.4% during the forecast period. The main trends in the animal wound care market are the increase in pet ownership worldwide and growing concern for animal health. Pet owners are increasingly aware and concerned about the health and welfare of their animals. This existing awareness drives them to seek advanced wound care treatments and solutions for their pets. The increasing number of companion animals, including dogs and cats, is contributing to the growing demand for specialized wound care products and services. The willingness of pet owners to invest in advanced veterinary care, along with awareness of tailored healthcare treatments for their animals is driving the expansion of the animal wound care market.

The surgical wound care segment is expected to witness the highest growth in the animal wound care market, by products, during the forecast period

The animal wound care market can be broadly classified into surgical wound care products, advanced wound care products, traditional wound care products, and therapeutic devices, depending on product. The animal wound care market by product is dominated by the surgical wound care product segment in 2022. Due to the increase in the number of veterinary surgeries, and various medical interventions, for treatment and management of chronic diseases in animals leads to higher demand for specialized surgical wound care products. These products include sutures and staplers, tissue adhesives, sealants, and glues that play an important role in the care and recovery of animals after surgery.

Additionally, continuous technological innovations in the field of animal wound care medicines are resulting in the development of advanced surgical wound care products. These innovations aim to improve efficacy, ease of use, and overall results, driving the use of such products in veterinary practices. Moreover, the increased demand for surgical wound care products in the animal wound care market is driven by the rise in veterinary surgeries, and increasing awareness of pet health. All these trends collectively support surgical wound care products as a driving factor in the animal wound care market.

The animal companion segment, by animal type, has the highest market share

By animal type, the animal wound care market is segmented into companion animals and livestock animals. By 2022, the animal companion segment will lead the global animal wound care market. The growth of the segment is primarily fueled by increasing adoption of pets, increasing spending on pet care, and increasing pet insurance. The growing population of companion animals and existing chronic diseases in pets have led to a significant increase in veterinary clinic visits for animal wound care and health care. Pet owners are willing to invest more in their animals’ health care, leading to increased spending on veterinary services, including wound care products and treatments. These factors contribute to an overall increase in spending on allied health and indirectly fuel demand for animal wound care products.

The Asia Pacific market to witness the highest growth during the forecast period

By the year 2022, the Asia Pacific region has the highest growth rate in the animal wound care market, with countries such as India and China standing out as the areas with the highest growth potential. The growing population of pets in these regions is the major factor contributing to the growth of the animal wound care market. Moreover, the Asia Pacific region with factors such as increasing pet adoption, increasing awareness of animal health and welfare, and increasing spending on animal health, especially in India and China has promoted of the demand for animal wound care products and is not directly considered. the highest growth in the animal wound care market.

This report provides insights into the following:

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• Analysis of the main drivers (increasing rate of companion animal population, growing number of veterinary practitioners and their increasing income levels in developed economies, growing prevalence of animal diseases), prevention (high cost of animal wound care products, rising cost of animal care costs), opportunities (untapped emerging markets) and challenges (lack of animal health care awareness in emerging country.

• Market Penetration: Comprehensive information on the product portfolios offered by leading players in the global animal wound care market. The report analyzes this market by product, application, animal type, end user, and region.

• Product Development/Innovation: Detailed insights into upcoming trends and product launches in the global animal wound care market.

• Market Development: Comprehensive information on profitable emerging markets by product, application, type, end user, and region.

• Market Diversification: Complete information about new products and services, growing geographies, recent developments, and investments in the global animal wound care market.

• Competitive Assessment: In-depth assessment of the market shares, growth strategies, products and services offered, and capabilities of the leading players in the global animal wound care market.

Key Features:

Main Topics Covered:

1. Introduction

2 Research Methodology

3 Executive Summary
Figure 12 Animal Wound Care Market, by Product, 2023 vs. 2029 (USD Million)
Figure 13 Animal Wound Care Market, by Animal Type, 2023 vs. 2029 (USD Million)
Figure 14 Animal Wound Care Market, by End-user, 2023 vs. 2029 (USD Million)
Figure 15 Geographic Snapshot: Animal Wound Care Market

4 Premium Insights
4.1 Animal Wound Care Market Overview
4.2 Asia-Pacific: Animal Wound Care Market, by Product and Country (2022)
4.3 Animal Wound Care Market: Geographic Growth Opportunities
4.4 Animal Wound Care Market: Region (2021-2029)
4.5 Animal Wound Care Market: Developed vs. Developing Economies

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Associated Animal Populations
5.2.1.2 Rising Demand for Pet Insurance and Rising Animal Health Costs
5.2.1.3 Growing Number of Veterinarians in Developed Countries
5.2.1.4 Increasing Demand for Animal Derived Food Products
5.2.1.5 Increasing Prevalence of Zoonotic Diseases
5.2.2 Withholding
5.2.2.1 High Cost Animal Wound Care Products
5.2.2.2 Increasing Cost of Pet Care
5.2.3 Opportunities
5.2.3.1 High Growth Potential of Emerging Economies
5.2.4 Challenges
5.2.4.1 Lack of Animal Health Awareness in Developing Countries
5.2.4.2 Lack of Veterinary Practitioners in Underserved Areas
5.3 Industry Trends
5.3.1 Popularity of Vacuum-Assisted/Negative-Pressure Wound Therapy for Companion Animals
5.3.2 Growing Funding for Veterinary Research
5.4 Technology Review
5.4.1 Biomaterials
5.4.2 Digital Wound Management
5.4.3 3D Printing for Customized Wound Solutions
5.4.4 Wearable Sensors for Continuous Monitoring
5.4.5 AI Integration in Animal Wound Care
5.5 Pricing Review
5.6 Value Chain Analysis
5.7 Supply Chain Analysis
5.8 Ecosystem/Market Map
5.9 Porter’s Five Forces Analysis
5.10 Patent Examination
5.11 Major Conferences and Events
5.12 Trade Analysis
5.13 Unmet End-user Needs and Expectations
5.14 Tariff and Regulatory Landscape
5.15 Key Stakeholders and Purchasing Criteria
5.16 Case Study Analysis
5.16.1 Case Study 1: Veterinary Ultrasound Market Size Estimation and Market Share Analysis for Key Products
5.16.2 Case Study 2: Veterinary X-Ray Technologies Market Size Estimation and Market Share Analysis for Key Products
5.16.3 Case Study 3: Butterfly Network and American Veterinary Group

6 Animal Wound Care Market, by Product

7 Animal Wound Care Market, by Animal Type

8 Animal Wound Care Market, by End-user

9 Global Animal Wound Care Market, by Region

10 Competitive Landscape

11 Company Profiles

• Elanco Animal Health Incorporated

• 3M Company

• Medtronic PLC

• B. Braun Melsungen AG

• Virbac

• Neogen Corporation

• Jorgen Kruse A/S

• Sonoma Pharmaceuticals, Inc.

• Ethicon (A Subsidiary of Johnson & Johnson)

• Dechra Pharmaceuticals

• Jazz Medical, LLC

• Smith and Nephew PLC

• Kericure Inc.

• Advancis Veterinary Ltd.

• Care-Tech Laboratories, Inc.

• Robinson Healthcare

• Mila International, Inc.

• Sentrx Animal Care

• McCord Research, Inc.

• Primavet, Inc.

• Innovacyn, Inc.

• Indian Immunologicals Ltd.

• Silverglide

• Vernacare

• Vetoquinol India Animal Health Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/3i6l2e

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