Veterinary Wound Sprays Market to show exponential growth by 2028 | Innovacyn, Inc., Fauna Care LLC, EquiSilver LLC

The veterinary wound spray market is expected to witness significant growth on the back of growing pet ownerships coupled with increasing pet wounds across the globe. The demand for veterinary wound spray is likely to grow in the emerging economies owing to rising pet ownerships. For instance, according to IIPTF (India International Pet Trade Fair) around 600,000 pets are adopted in India annually. In addition, the veterinary wound spray market continues to remain influenced with a combination of industry-specific and macroeconomic aspects such as economic stability, GDP per capita and growing purchasing power parity across nations.

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Manufacturers of veterinary wound spray are focused on innovating their products by enhancing the effectiveness of veterinary wound spray formulations. Stress on natural veterinary wound spray has been witnessed in the veterinary wound spray market, which is expected to gain significant traction on the back of rising organic trend. For instance, Indian Immunologicals has launched first herbal Zuspray, a veterinary wound spray that can heal various wound types.

Major companies involved in the veterinary wound spray manufacturing are also eyeing to enter the emerging economies owing to higher lucrativeness of Asian countries backed by greater attractiveness, particularly for pharmaceutical sector. This factor remains instrumental in driving production and sales of veterinary wound spray, in turn supporting the growth of the veterinary wound spray market.

Veterinary Wound Sprays Market: Drivers and Restraints

Increasing consumer spending on veterinary care for the companion as well as livestock animals is the primary factor driving the growth of veterinary wound spray market. Moreover, growing pet adoption in Latin America and Asia-Pacific is also expected to propel the growth of veterinary wound sprays market over the forecast period. Pet owners prefer healthy life for their pets and they also take care of any injury to them, which is expected to drive the demand for veterinary wound sprays in the near future. However, affordability is a major challenge for the growth of the veterinary wound sprays market. The lack of availability of veterinary doctors in low-income countries is also expected to hamper the growth of the veterinary wound spray market over the forecast period.

Veterinary Wound Sprays Market: Segmentation

Tentatively, the global veterinary wound sprays market can be segmented on the basis of product type, animal type, distribution channel, and geography.

Based on product type, the global veterinary wound sprays market is segmented as:
• Wetting Agents
• Antiseptics
• Moisturizers
• Others

Based on animal type, the global veterinary wound sprays market is segmented as:
• Canine
• Feline
• Bovine
• Craps
• Poultry
• Equine
• Others

Based on distribution channel, the global veterinary wound sprays market is segmented as:
• Veterinary Clinics
• Veterinary Pharmacies
• E-commerce

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Veterinary Wound Sprays Market: Overview

The veterinary wound sprays is expected to show exponential growth over the forecast period owing to increasing pet adoption throughout the globe. According to the American Hospital Association, 80% of pet owners treat their pets as a member of the family, which has increased the overall spending on veterinary care. By product type, the antiseptic segment is expected to gain maximum market share in the global veterinary wound sprays market as veterinary doctors mostly prescribe antiseptic sprays to treat open wounds. By animal type, canine and feline segment collectively are expected to gain maximum market share in the veterinary wound spray market. Among all the end users, e-commerce is the fast-growing segment in the global veterinary wound sprays market owing to the increased adoption of online shopping.

Veterinary Wound Sprays Market: Key Players

Examples of some of the key players operating in the global veterinary wound sprays market are Innovacyn, Inc., Fauna Care LLC, EquiSilver LLC, Biomir Venture LLP, Zoetis, Inc, Vetoquinol, Virbac, Neogen Corporation, Bayer AG, etc.

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