The Animal wound care market is anticipated to reach roughly US$ 590 million by the end of 2017 and approximately US$ 1,013 million by the end of 2025, representing a CAGR of 7.0% during the forecast period (2017–2025). The causes of this revenue growth are numerous. Veterinary care for pets used to be a branch of cattle care. Today, however, these creatures are viewed less as “property” and more as members of the family or companions. Additionally, humans are treating animals medically in the same way they would treat people emotionally.
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Technology that was first created for humans is now being applied to animals. The American Animal Hospital Association (AAHA) reported that more than 80% of pet owners consider themselves to be the parents of their animals in a Bloomberg article from January 2017. Because they care so much for their dogs, Americans spent US$35 billion on veterinary treatment in 2015.
In terms of revenue, North America dominated the animal wound care market globally in 2016, and this trend is anticipated to hold during the forecast period. With an attractiveness score of 1.3 throughout the projection period, North America is anticipated to be the market with the highest attractiveness.
Europe is predicted to be the second-most lucrative market throughout the projected period, with an attractiveness score of 1.1. The market for animal wound care in Latin America has a 0.5 market attractiveness index. The highest regional CAGR of 7.4% is projected for the MEA animal wound care market.
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Companies Covered in This Report – Animal Wound Care Market
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- Braun Melsungen AG
- Medtronic Plc
- 3M Company
- Johnson & Johnson (Ethicon)
- Smith & Nephew Plc
- Bayer AG
- Virbac S.A.
- Ceva Sant` Animale
- de Biogénesis Bagó
- Acelity L.P. Inc.
- Neogen Corporation
- Biovet AD (Huvepharma)
- Dechra Pharmaceuticals
- Advancis Medical
- Jorgensen Laboratories, Inc.
- SilverGlide
- Innovacyn, Inc. (Vetericyn)
- Robinson Healthcare
- SentrX Animal Care, Inc.
- McCord Research (Pinnaclife Inc)
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Global Animal Wound Care Market: Taxonomy
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- Animal Wound Care Market By Product : Surgical Wound Care : Sutures, Staples, Tissue Adhesives & Glues, Traditional Wound Care : Tapes, Bandages, Absorbents, Advanced Wound Care : Film Dressings, Foam Dressings, Hydrogel Dressings, Hydrocolloid Dressings
- Animal Wound Care Market By End User : Veterinary Hospitals, Veterinary Clinics, Home Care
- Animal Wound Care Market By Region : North America, Europe, Latin America, Asia Pacific (APAC), Middle East and Africa
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