Animal Wound Care Market Size Worth $1.5 Billion By 2028 | CAGR: 6.4%: Grand View Research, Inc.

SAN FRANCISCO, May 24, 2021 /PRNewswire/ -- The global animal wound care market size is expected to reach USD 1.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2021 to 2028. Increased demand for non-invasive surgeries and the growing prevalence of chronic diseases are propelling the growth. Increasing disposable income in developing countries is expected to further fuel the market. According to Aratana therapeutics report, around 25 million dogs had undergone surgeries in the U.S. in 2019 and among them, around 5.5 million suffered from postoperative pain.

Key suggestions from the report:

• The surgical wound care products segment dominated the market and accounted for the largest revenue share in 2020. This contribution is mainly because of the increased number of veterinary surgeries and rising demand for advanced care products
• The companion animal segment dominated the market and accounted for the largest revenue share of 64.0% in 2020. The increasing companion animal population and growing incidences of chronic diseases are boosting segment growth
• The home care segment is expected to exhibit the fastest growth rate during the study period. The key factors attributing to the growth of the segment are increasing awareness among pet parents and the availability of advanced care products via the e-commerce channel
• The veterinary hospitals/clinics segment held the largest revenue share in 2020. The growth can be attributed to increased patient foot-fall and advanced treatment options
• North American dominated the market and accounted for the largest revenue share in 2020. The rising implementation of regulatory standards and reimbursement policies along with the high adoption rate of companion animals are anticipated to contribute to market growth

Read 150 page research report with ToC on "Animal Wound Care Market Size, Share & Trends Analysis Report By Product (Surgical, Advanced), By Animal Type (Livestock, Companion), By End User, By Distribution Channel, By Region, And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/animal-wound-care-market

Like other industries, the animal health industry has also been significantly affected in COVID -19 due to the slow movement of the small businesses, service providers, and consumers paused to the social distancing norms and other restrictions. In many countries, the impact of COVID-19 was amplified through other occurrences, such as the African swine fever in Europe and wildfires in the western USA. After the initial shock and confusion about the pandemic, companies and governments soon started taking corrective actions to help the economy and businesses recover. Resumption of pet clinic visits also observed during the 3rd quarter of 2020, thus gradually recovering the revenue.

Increasing initiatives by the major industry players are further propelling the market. For instance, in July 2019, Vetoquinol launched an antibiotic dressing spray in India to expand its geographical footprint. In March 2021, AxioBiosolutions expanded its animal wound management space with the introduction of the SureKlot range of products.

Grand View Research has segmented the global animal wound care market on the basis of product, animal type, end-user, distribution channel, and region:

• Animal Wound Care Product Outlook (Revenue, USD Million, 2016 - 2028)
• Surgical Wound Care Products
• Sutures and Staplers
• Tissue Adhesives, Sealants, And Glues
• Advanced Wound Care Products
• Foam Dressings
• Hydrocolloid Dressings
• Film Dressings
• Hydrogel Dressings
• Other Advanced Dressings
• Traditional Wound Care Products
• Tapes
• Dressings
• Bandages
• Absorbents
• Other Traditional Wound Care Products
• Therapy Devices
• Animal Wound Care Animal Type Outlook (Revenue, USD Million, 2016 - 2028)
• Companion Animal
• Cats
• Dogs
• Horses
• Others
• Livestock Animal
• Animal Wound Care End-user Outlook (Revenue, USD Million, 2016 - 2028)
• Veterinary Hospitals & Clinics
• Homecare
• Research Institutes
• Animal Wound Care Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)
• Retail
• E-commerce
• Veterinary Hospitals & Clinics
• Animal Wound Care Regional Outlook (Revenue, USD Million, 2016 - 2028)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East and Africa
• South Africa
• Saudi Arabia

List of Key Players of Animal Wound Care Market

• B. Braun Melsungen AG
• Medtronic
• 3M Company
• Johnson & Johnson (Ethicon)
• Virbac
• Advancis Veterinary Ltd
• Innovacyn, Inc.
• Robinson Healthcare
• NEOGEN Corporation
• KeriCure, Inc.
• Sonoma Pharmaceuticals, Inc.

Find more research reports on Animal Health Industry, by Grand View Research:

• Animal Vaccines Market – Global animal vaccines market size was valued at USD 9.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2021 to 2028
• Companion Animal Health Market – Global companion animal health market size was valued at USD 18.67 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2021 to 2028.
• Veterinary Telehealth Market – Global veterinary telehealth market size was valued at USD 92.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 19.5% from 2021 to 2028.

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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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