Animal Wound Care Market Technology Research 2019-2028

 

Animal Wound Care Market Overview:

The market is being boosted by several major factors, including a growing adoption of companion animals and livestock, as well as a rising demand for veterinary surgery. Additionally, the market is benefiting from increasing demand for animal food products and growing veterinary healthcare expenditure. The rising number of vet visits is also contributing to market growth. A national survey conducted in 2019 found that expenditure on pets had increased significantly, owing to the rising number of pet adoptions. According to IDEXX Laboratories, Inc., there were approximately 315 million total visits in the U.S. in the same year. The market growth is further propelled by a rise in disposable income, which is a major factor driving animal health expenditure.

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Key Players: 

·         Pharmaceuticals, Inc.

·         Elanco Animal Health

·         3m Company

·         Medtronic Plc

·         B. Braun Melsungen Ag

·         Virbac

·         Neogen Corporation

·         Jørgen Kruuse A/S

·         Sonoma Ethicon (a Subsidiary of Johnson & Johnson)

·         Dechra Pharmaceuticals

·         Jazz Medical, Llc

·         Smith & Nephew Plc

·         Kericure Inc.

·         Advancis Veterinary

·         Care-Tech Laboratories, Inc.

·         Robinson Healthcare

·         Mila International, Inc.

·         Sentrx Animal Care

·         Mccord Research, Inc.

·         Primavet, Inc.

·         Innovacyn, Inc.

·         Indian Immunologicals Ltd.

·         Silverglide

·         Vernacare

·         Vetoquinol India animal health Pvt. Ltd.

 

Animal Wound Care Market Growth Analysis:

In the report, a comprehensive analysis of the animal wound care market, including market size and compound annual growth rate (CAGR), is presented for the forecast period of 2022-2028, using 2021 as the base year. The market is being driven by a rise in demand for pet insurance and growing animal health expenditure, which is expected to fuel its growth at a specific CAGR from 2021-2028.

Animal Wound Care Market Drivers:

The market is experiencing growth due to several factors, such as a growing demand for pets, rising animal health expenditure, and an increasing number of veterinary practitioners in developed countries. The growing base of veterinary practitioners is leading to an increase in the number of private clinical practices and hospitals, according to several research reports. Furthermore, owning a companion animal has been linked to positive health benefits, such as reduced cardiac arrhythmia, normal blood pressure, decreased anxiety, and improved well-being. Pet healthcare spending has also increased significantly in recent years, with many pet owners purchasing pet insurance to manage the growing costs of pet care. Rising urbanization is another factor contributing to the increasing per capita expenditure on animal health, further propelling the global animal wound care market.

Animal Wound Care Market Covid-19 Impact:

The COVID-19 virus outbreak has become a global healthcare emergency, affecting worldwide social and economic development. The pandemic resulted in the shutdown of production in various industries, mainly due to the lockdowns in major countries. The animal wound care market was impacted by the COVID-19 pandemic, experiencing setbacks in growth due to supply chain disruptions. The COVID-19 impact analysis report by Axiom MRC provided a comprehensive analysis of the micro and macro-economic factors affecting the animal wound care market. Furthermore, the strict lockdown norms led to the postponement and cancellation of animal surgeries, resulting in a decline in postoperative wound cases, which further impacted the growth of the market.

Animal Wound Care Market Geography:

The animal wound care market is projected to witness a surge in North America due to the existence of established market players. As of 2020, North America accounted for the largest market share of 32.0%, with the United States holding the largest share in the region. In addition, the Asia Pacific region is expected to offer potential growth prospects for participants involved in the animal wound care market, given the increasing expenditure and initiatives to promote the use of animal wound care products in the region.

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Our Other Reports:

https://hackmd.io/@pratikpande/rJ3tYGQZ2

https://medium.com/@pratikpande988/europe-animal-wound-care-market-statistics-growth-by-2028-72a7e17a35c4

 

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