DUBLIN, December 02, 2021– (BUSINESS WIRE) – The “Global Animal Wound Care Market Size, Share and Trend Analysis Report by Product (Surgical, Advanced), By Animal Type (Livestock, Companion) , By End User, By Distribution Channel, By Region, and Segment Forecasts, 2021-2028 ”report was added to ResearchAndMarkets.com offer.
The global animal wound care market size is projected to reach USD 1.5 billion by 2028 and is expected to increase at a CAGR of 6.4% from 2021 to 2028
The increased demand for non-invasive surgeries and the increasing prevalence of chronic diseases are driving growth. The increase in disposable income in developing countries is expected to further fuel the market. According to Aratana’s Therapeutic Report, approximately 25 million dogs had undergone surgeries in the United States in 2019 and of these, about 5.5 million suffered from postoperative pain.
Like other industries, the animal health industry has also been significantly affected in COVID -19 due to the slow movement of small businesses, service providers and consumers suspended from social distancing standards and other restrictions. In many countries, the impact of COVID-19 has been magnified by other events, such as African swine fever in Europe and wildfires in the western United States.
After the initial shock and confusion over the pandemic, businesses and governments quickly began to take corrective action to help the economy and businesses recover. Resumption of visits to clinics for pets also observed during the 3rd quarter of 2020, thus gradually recovering the turnover.
Growing initiatives from major industry players further propel the market. For example, in July 2019, Vetoquinol launched an antibiotic dressing spray in India to expand its geographic footprint. In March 2021, AxioBiosolutions expanded its animal wound management space with the introduction of the SureKlot product line.
Highlights of the Animal Wound Care Market Report
The surgical wound care products segment dominated the market and accounted for the largest share of the revenue in 2020. This contribution is mainly due to the increase in the number of veterinary surgeries and the growing demand for advanced care products.
The companion animal segment dominated the market and accounted for the largest revenue share of 64.0% in 2020. Rising companion animal population and increasing incidence of chronic diseases are driving the growth of the company. segment.
The home care segment is expected to show the fastest growth rate during the study period. The key factors attributable to the growth of the segment are the increasing awareness of pet parents and the availability of advanced care products through the e-commerce channel.
The veterinary hospitals / clinics segment held the largest share of revenue in 2020. The growth can be attributed to increased patient attendance and advanced treatment options.
North America has dominated the market and accounted for the largest share of revenue in 2020. The increasing implementation of regulatory standards and reimbursement policies along with the high rate of pet adoption are expected to help. market growth.
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Variables, Trends and Scope of Animal Wound Care Market
Chapter 4 Impact analysis of Covid-19
Chapter 5 Animal Wound Care Market – Competitive Analysis
Chapter 6 Animal Wound Care Market: Product Estimates and Trend Analysis
Chapter 7 Animal Wound Care Market: Animal Type Estimates and Trend Analysis
Chapter 8 Animal Wound Care Market: End User Estimates and Trend Analysis
Chapter 9 Animal Wound Care Market: Distribution Channel Estimates and Trend Analysis
Chapter 10 Animal Wound Care Market: Regional Estimates and Trend Analysis
Chapter 11 Company Profiles
For more information on this report visit https://www.researchandmarkets.com/r/2c1c8w
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211202005483/en/
Laura Wood, Senior Press Director
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