USD 1.08 billion
Report ID:
SQMIG35D2184 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
59
|Figures:
75
Animal Wound Care Market size was valued at USD 1.3 Billion in 2023 and is poised to grow from USD 1.4 Billion in 2024 to USD 2.47 Billion by 2032, growing at a CAGR of 7.4% during the forecast period (2025-2032).
The market is driven by major factors, such as increasing adoption of companion animals, increasing demand for veterinary surgery, and increasing animal injury cases. According to the Transportation Department, 1 million animals die, and millions are injured as a result of accidents every year. Also, increasing veterinary tourism and increasing adoption of pet insurance are fueling the growth of the animal wound care industry.
On the other hand, animals like dogs are more likely to be injured by minor wounds or serious injuries. One of the most common injuries to dogs is accidental trauma. Road accidents often cause major injuries, such as broken bones, internal & external injuries, blood & organ trauma, dislocated joints, head injuries, and skin injuries, such as burns. Animals are injured in a variety of situations, which can be severe and require immediate veterinary treatment wound care. The industry is expected to grow exponentially due to pet adoption and the number of animals increasing worldwide.
Thus, the demand for veterinary wound care and surgery in veterinary facilities is increasing at the same time and is expected to boost the industry. Furthermore, strict government regulations on pet welfare further help generate revenue for the industry.
Global Market Size
USD 1.08 billion
Largest Segment
wound dressings
Fastest Growth
wound dressings
Growth Rate
7.90% CAGR
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Global Animal Wound Care Market is segmented on the product, animal type, end user, and region. By product, market is segmented into surgical wound care products, advanced wound care products, traditional wound care products, and therapy devices. By animal type, market is segmented into companion animals, livestock animals. By end user, market is segmented into veterinary hospitals & clinics, and home care settings. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Animal Type
As per animal wound care market outlook, the companion animals segment dominated the global industry, with a share of over 64.85% of total revenue in 2023. Rising expenditure on pet healthcare, especially in developed regions, is one of the major drivers for the growth of this segment. According to a report by the American Pet Products Association (APPA), pet owners spent about $34.3 billion on veterinary care in the US. in 2021. Another major factor driving the growth of the segment is the increasing demand for less invasive surgeries. Modern procedures offer various advantages, including smaller incisions and fewer stitches. Pet owners are encouraged to opt for trendy options and a few technologies of repression.
The livestock animals segment is also anticipated to witness a substantial growth from 2024 to 2031 because of the improved demand for animal protein and growing consumer awareness about high-quality products. Domestic animals may additionally increase wounds from accidents, assaults, animal or insect bites, barbed wire injuries when grazing, and wounds from fighting. The complications that arise with wounds are caused by infection as the bacteria at the site release toxins that may cause an abscess, necrosis, and slough. Therefore, wound care is right now required earlier than the contamination spreads to the nearby tissues or bloodstream. These elements are contributing to segment growth.
Analysis by End-use
As per animal wound care market analysis, the veterinary hospitals & clinics segment dominated the industry in 2023 and grabbed a share of over 41.00% of the total revenue. The segment is dominating owing to early diagnosis and treatment availability & accessibility in veterinary clinics and hospitals; thus, this condition also performs a wide range of treatments and advances wound care procedures. Another key factor driving the growth of the segment with a significant impact rendering is the provision of government assistance welfare groups provide guidance on adoption of safety practices and regulations in veterinary clinics & hospitals.
On the other hand, the homecare segment is expected to register the fastest growth during the forecast period. Nationwide lockdowns helped pet parents be more aware and get trained about their pet’s health. Minor pet wounds can be treated at home as no stitches or injuries require immediate attention. Pets may have regular cuts, bruises, or other minor wounds. Dogs in particular are prone to these effects because they are more active than cats. Also, routine hospital visits can be very difficult for pet owners due to busy schedules. These measures are expected to further boost the homecare segment.
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The North America region dominated the animal wound care market in 2023, accounting for the largest share of over 33.20% of the total revenue. Efforts by key players to enhance their products by improving high standards are expected to boost the growth of the regional market. However, during the COVID-19 pandemic, several government officials recommended avoiding elective surgery on animals, leading to a decrease in postoperative rounding. For instance, the CDC recommended veterinarians and veterinary staff attend only emergency visits and procedures during the initial stages of the COVID-19 pandemic. The United States holds a substantial animal wound care market share, supported by organizations like the United States Animal Health Association, which promotes effective wound care management.
On the other hand, Asia Pacific is expected to register the fastest growth during the forecast period due to the rising health awareness among the people and growing demand for advanced medical technology for animal wound care and the increased awareness about livestock animal diseases. Increased disposable income of consumers in the region leads to the adoption of companion animals, expanding the future growth prospects of the market. Furthermore, growing awareness of animal diseases is further fueling the growth of the regional market. New clinics, hospitals, and better facilities of healthcare are being added with wound care therapies and products.
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Animal Wound Care Market Drivers
Increasing Pet Ownership and Spending on Animal Health
Growth in pet ownership across the globe, with increasing spending on pet health and welfare, is a major driver of the animal wound care market. Owners treat their pets more like family members, and provide people are increasingly aware of pet health issues, despite seeking comprehensive veterinary care. This animal wound care market trend is further supported by the increasing incidence of chronic wounds and injuries in pets, livestock and performance animals, which require high quality wound care products and services.
Advances in Veterinary Technology
Technological advances in veterinary medicine, such as new wound care products, biomaterials, and regenerative medicines, drive the market growth. Innovations such as hydrogel-based dressings, drugs for the management of metabolic lesions, and inferior laser therapy. The effects of veterinary lesions enhance these advances not only improve therapeutic regimens but increase popularity among veterinarians and pet owners. Continued innovations in wound care technology have expanded the treatment options, addressing a wide range of wound types.
Animal Wound Care Market Restraints
High Cost of Advanced Veterinary Care
The cost of comprehensive wound care and veterinary care can be prohibitive for many pet owners, especially in low-income and low-income areas. Things like specialized dressings, devices that are placed on wounds and advanced treatments are expensive, making them inaccessible. A large portion of the population exceeds economic gain, leading to low adoption rates in these segments.
Shortage of Skilled Veterinarians
The animal wound care market is challenged by a shortage of skilled veterinarians, especially in rural and underserved regions. Appropriate wound care requires proper management support and advanced medical techniques. A limited availability of trained personnel hinders the uptake of advanced wound care products and services, as veterinarians are often unable to access or utilize these innovations effectively.
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This market is highly competitive and fragmented. Leading players are offering consumers a balance of affordability and quality, increasing their sales. Companies are also constantly undertaking more and more initiatives such as acquisitions, collaborations, product launches, R&D and partnerships to increase their market share. For example, in September 2021, Neogen Corp. acquired CAPInnoVet, Inc., an Atlanta-based companion animal health business that offers pet medications.
Animal Wound Care Market Top Player’s Company Profiles
Animal Wound Care Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the animal wound care market is experiencing a strong increase, pushed by factors including the growing humanization of pets and improvements in veterinary care technologies. The demand for powerful wound care products is similarly amplified by using the developing incidence of accidents and chronic conditions in each companion and cattle animals. However, excessive remedy charges and the confined availability of skilled veterinary professionals pose challenges to market growth. Despite those restraints, rising trends like the attention on accomplice animal rehabilitation and the adoption of herbal wound car e merchandise is shaping the enterprise's future. As innovation continues to enhance treatment outcomes, the animal wound care market is poised for steady growth, offering solutions that cater to the evolving needs of pet owners and veterinarians alike.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.3 Billion |
Market size value in 2032 | USD 2.47 Billion |
Growth Rate | 7.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Animal Wound Care Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Animal Wound Care Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Animal Wound Care Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal Wound Care Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2184
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