Precision Business Insights (PBI) in its report titled global veterinary wound care market. Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028
According to Precision Business Insights (PBI), the latest report the global veterinary wound care market is expected to be worth USD 1,327.4 million in 2021 and projected to grow at 8.2% CAGR from 2022 to 2028. assesses the market performance over 2022-2028. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Growing pet adoption is the major driving factor of the surgical veterinary wound care market. Furthermore, rise in incidence of wounds in pets, rise in innovative technologies and products in animal wound care, rise in R&D investments on veterinary wound care products expected to boost the market for veterinary wound care. Growing awareness regarding pet insurance, increase in number of animal care organizations, and growing expenditure on pet healthcare will have positive impact on surgical wound care market growth. However, lack of awareness regarding the animal health, high costs of products and treatments, shortage of veterinary practitioners may hamper the growth of global animal wound care market.
The global animal wound care market is divided into the following categories:
And lastly, on the basis of geographical regions, the global veterinary wound care market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The global animal wound care market is dominated by North America followed by Europe due to the increasing practitioners in veterinary and well established veterinary healthcare in those regions. Due to the increase in adoption of animals, growing health concerns about the pets and humanization of animals are expected to offer lucrative opportunities for Asia pacific surgical wound care market.
Some of the key players in the global veterinary wound care market include Medtronic plc. (Ireland), 3M Company (U.S.), Ethicon Inc. (U.S.), B Braun Melsungen AG (Germany), Jorgen Kruuse A/S (Denmark), Virbac (France), Neogen Corporation (U.S.), Acelity L.P. Inc. (U.S.), Bayer AG (Germany), Robinson Healthcare Limited (UK), Advancis Veterinary Ltd. (UK).