Exactitude Consultancy Press Release: Animal Wound Care Market

Growing prevalence of animal diseases is driving the market growth.

Over the last decade, the prevalence of various chronic diseases in companion and livestock animals has increased globally. One in every three pets in the United States is overweight, according to Banfield Pet Hospital’s 2017 State of Pet Health report. According to the survey, the number of overweight dogs and cats in the United States climbed by 158 percent and 169 percent, respectively, between 2007 and 2016. The need for early and efficient wound care products is likely to rise over the forecast period, owing to the rising prevalence of diseases that result in wounds in animals.

Untapped emerging market is an opportunity for market growth.

The number of people who keep companion animals has increased dramatically over the world. This is especially true in growing regions, such as APAC and Latin America, where urbanisation and rising disposable incomes have increased access to animal healthcare and allowed pet owners to spend more on their pets. Livestock markets in emerging countries like India and China are thriving. According to the Livestock Production Statistics of India 2018, India is one of the world’s top milk producers, accounting for 20.17 percent of global production. The United States, China, Brazil, and Pakistan are the next largest producers. According to the United States Department of Agriculture’s Foreign Agricultural Service, China is the world’s fourth-largest beef producer in 2017.

Explore 105 market data Tables spread through nearly 95 Pages and in-depth analysis on “Animal Wound Care Market by Product (Surgical Wound Care Products {Sutures and Staplers, Tissue Adhesives} Advanced Wound Care Products {Foam Dressing, Hydrocolloid Dressing, Film Dressing, Hydrogel Dressing, Other Advanced Dressing} Traditional Wound Care Products {Tapes, Dressings, Bandages, Absorbents} Therapy Devices) Animal Type (Companion Animals {Dogs, Cats, Horses} Live Stokes) End User (Veterinary Hospital and Clinic, Homecare, Research Institutes) Distribution Channel (Retail, E-Commerce, Veterinary Hospital and Clinic) And by Region, Global Trends and Forecast from 2023 to 2029 ” with Table of Content.

Rising pet care costs is restrain for market growth.

The expense of caring for pets has risen dramatically from 2011 to 2019. Veterinary care remained the second-highest source of spending in the pet care community, according to the APPA 2019 report. In 2018, the United States spent over USD 18.11 billion on veterinary care, up 6.1 percent from the previous year. This figure is projected to be around USD 19.98 billion. The majority of the cost of treatment is usually borne by the animal’s owner. In addition, according to the Society for Practicing Veterinary Surgeons, the cost of veterinary treatment is rising at a rate of roughly 12% per year, owing to increased pet insurance. High pet care expenses have a direct impact on the number of visits to veterinary facilities by pet owners, limiting the market’s growth.

The presence of large industry players carrying out strategic initiatives will drive market share.

Presence of major key players in North America region is dominating the market growth.

North America is expected to hold the largest share of the global animal wound care market.  The region’s demand for wound care products is projected to be fueled by key companies’ increased efforts to improve their product portfolio and ensure high-quality standards. Elanco Animal Health, for example, added a new flea control ointment to its product portfolio in June 2020. Over the projected period, the market for animal wound care in Asia Pacific is expected to develop at a healthy rate. Because most countries rely on agricultural output and exports, farm animals are widely available and are expected to rise in popularity. Furthermore, improved knowledge of livestock animal diseases contributes to the region’s market growth.

Key Market Segments: Animal Wound Care Market

Animal Wound Care Market by Product, 2023-2029, (USD Million)

• Surgical Wound Care Products
• Advanced Wound Care Products
• Traditional Wound Care Products
• Therapy Devices

Animal Wound Care Market by Animal Type, 2023-2029, (USD Million)

• Companion Animals
• Live Stokes

Animal Wound Care Market by End User, 2023-2029, (USD Million)

• Veterinary Hospital and Clinic
• Homecare
• Research Institutes

Animal Wound Care Market by Distribution Channel, 2023-2029, (USD Million)

• Retail
• E-Commerce
• Veterinary Hospital and Clinic

Animal Wound Care Market by Regions, 2023-2029, (USD Million)

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Important Countries in All Regions Are Covered

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