Animal Wound Care Market by Product (Surgical Wound Care, Advanced Wound Care, and Traditional Wound Care), Animal Type (Livestock and Companion), End User (Veterinary Hospitals and Clinics, Home Care, and Others), By Region: Global Market Size Estimates and Forecast (2022-2030)

The market crossed the US$ 1.16 billion mark in 2022 and is expected to hit US$ 1.97 billion by 2030, recording a CAGR of 6.7% during the forecast period.

Increasing companion pet population 

The increasing pet population is predicted to drive the demand for pet care products and services, which, in turn, will support the expansion of the dependent markets, including the animal wound care market. Efflux of the overall companion animal population and adoption rate has been witnessed globally. Consistent with several studies, having a companion animal is related to positive health benefits, like reduced cardiac arrhythmia, typical vital signs, decreased anxiety, greater psychological stability, and improved well-being. Rising urbanization may significantly contribute to the growing proportionately of animal health. Pet parents are willing to spend extra cash on animal health, alongside growing animal health awareness. Therefore, the ability of veterinarians to provide advanced services for animal health are factor creating the demand for various animal wound care products. The increasing pet population is predicted to drive the demand for pet care products and services, this will further support the expansion of the dependent markets, including the animal wound care market.

Within the report, the market is segmented into product, animal type, and end-user. By product, the market is segmented into surgical wound care, advanced wound care, and traditional wound care. By animal type, the market is segmented into livestock and companion. End user segmentation includes veterinary hospitals, clinics, home care, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Growing healthcare infrastructure and increasing healthcare base

The growing veterinary practitioner base across emergent nations is one of the major factors responsible for the increasing number of hospitals and private clinical practices. In accordance with the American Veterinary Medical Association, the number of veterinary professionals in the U.S. boosted from 117,735 in 2017 to 13,539 in 2019 and 118,624 in 2020. The number of veterinarians in the U.S., Australia, and New Zealand is growing at around 3–4% per year. Due to this trend, the marketplace for veterinary monitoring and treatment equipment and disposables in these countries is also expected to grow in the forecast period.

Attractive pet insurance claims and significant growth in pet care expenditure will drive the market

Spending on pet healthcare, including pet food, over-the-counter veterinary medications, pet insurance policies, and other services, has increased significantly in recent years. Most pet parents, especially in major markets across North America and Europe, are purchasing pet insurance due to the significant growth in pet care expenditure in recent years.

In emerging countries like India and China, the pet insurance industry is within the ascent stage. With increasing disposable incomes, the number of people opting for pet insurance in these countries, therefore the rising pet expenditure, is expected to increase the adoption of pet insurance policies and support the veterinary health industry. This may help the growth of markets for related products, like monitoring and treatment equipment, disposables, diagnostics, and services.

Recent strategic developments in the animal wound care market

The animal wound care market has undergone several significant results, and a few of these have been mentioned below:

• In May 2021, Axio Biosolutions announced its expansion into the veterinary wound management space with the launch of SureKlot products. This advanced wound care range offers India’s first whole veterinary wound management solution to help manage to bleed and support quick wound recovery in animals.
• In August 2020, to celebrate the launch of STELFONTA, a breakthrough injectable solution to treat mast cell tumors in dogs, Virbac announced the STELFONTA ‘Seeing is Believing’ webinars; complimentary online CPD events for veterinary surgeons and veterinary nurses.

Several players drive the animal wound care market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. B. Braun Melsungen AG; Medtronic; 3M Company; Johnson & Johnson (Ethicon); Virbac; Advancis Veterinary Ltd; Innovacyn, Inc.; Robinson Healthcare; NEOGEN Corporation and Keri Cure, Inc.

The target audience for the report:

• Raw material providers
• Animal wound care product manufacturers
• Animal Clinics
• Venture capitalists, private equity firms, and start-up companies
• Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented based on:

• Product:
  • Surgical Wound Care
  • Advanced Wound Care
  • Traditional Wound Care
• Animal Type:
  • Companion Animals
  • Livestock Animals
•  End User:
  • Veterinary Hospitals and Clinics
  • Home Care
  • Others
• Region:
  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America (SCAM)
  • Middle East & Africa (MEA)
• Companies profiled

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

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