Animal Wound Care Market Worth $1.7 Billion by 2027 –
Chicago, Aug. 19, 2022 (GLOBE NEWSWIRE) — The Animal Wound Care Market is expected to grow from USD 1.2 Billion in 2022 to USD 1.7 Billion by 2027, at a CAGR of 7.3% from 2022 to 2027, according to a new report by MarketsandMarkets™. The growth of this market is driven by the growing demand for animal food products, the increase in the companion animal market and the increase in veterinary health expenditure. However, an increase in pet care expenditure and shortage of veterinary practitioners in developing markets is hampering the market growth.
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In this report, the animal wound care market is segmented on the basis of product, animal type, end users and region.
“Companion Animals Defined for Largest Share of Animal Wound Care Market”
In 2021, companion animals for a greater share of the global market. The growth of this segment can be attributed to the growing pet population, rising pet care expenses, growing number of sport horses, and growing demand for pet insurance in the world.
“Veterinary hospitals and clinics accounted for the largest share of the animal wound care market by end user”
On the basis of end users, the market is segmented into veterinary hospitals and clinics and home care facilities. The large share of this segment can be attributed to the rising pet population and rising pet care expenditure in emerging regions.
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“Based on region, North America holds the largest animal wound care market share”
Based on region, the animal wound care market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East Africa. North America segment accounted for the largest share of the market in 2021 owing to the availability of major players and advanced healthcare infrastructure.
Main market players:
Key players in the global animal wound care market are Medtronic PLC (Ireland), Elanco Animal Health (US), Virbac (France), B. Braun Melsungen AG (Germany), Dechra Pharmaceuticals (UK), Neogen Corporation (USA), Jorgen Kruuse A/S (Denmark), Ethicon, Inc. (USA), Sonoma Pharmaceuticals Inc. (USA), Prima-Vet Inc. (USA), Smith & Nephew PLC (UK), Jazz Medical, LLC (Ireland), Kericure Inc. (USA), etc.
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