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Key Trends Reshaping the Animal Wound Care Market: Product Innovations For Unparalleled Healing And Comfort Industry Transformation
Animal Wound Care
Animal Wound Care Market Size Growth Forecast: What to Expect by 2025?
There has been a robust expansion in the animal wound care market size in the past few years. The market is projected to escalate from $1.29 billion in 2024 to $1.38 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.6%. Factors such as growing pet ownership, heightened awareness and education, an increase in pet insurance, and regulatory backing have contributed to the expansion witnessed in the historical period.
How Will the Animal Wound Care Market Size Evolve and Grow by 2029?
The market size for animal wound care is anticipated to witness substantial expansion in the upcoming years, reaching "$1.92 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%. The projected growth during this period can be ascribed to factors such as the rising pet population, escalated veterinary expenditure, amplified focus on preventive healthcare, emerging markets, and regulatory stress on animal welfare. Noteworthy trends for the forecast period incorporate technological progressions, increased emphasis on preventive care, the introduction of natural and organic products, inclusion of telemedicine in veterinary care, and personalized treatment plans.
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What Drivers Are Propelling the Growth of Animal Wound Care Market Forward?
The rise in pet adoption is anticipated to boost the expansion of the animal wound care market. This refers to the process of procuring animals from rescue groups rather than buying them from pet shops or breeders. Those who adopt pets actively seek animal wound care to safeguard their pets from different injuries and in urgent situations, consequently, this surge in pet adoption escalates the demand in the animal wound care market. For example, a national survey of pets and people issued by Animal Medicines Australia (AMA), an Australian organisation that represents the leaders of the animal health industry, in November 2022, found that about half of Australian households own a minimum of one dog, making them the most popular pet. Roughly 48% of households owned dogs in 2022. Thus, the surge in pet adoption propels the growth of the animal wound care market.
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Which Emerging Trends Are Transforming the Animal Wound Care Market in 2025?
The enhancement of product innovation has become a primary trend growing in prominence in the animal wound care market. Significant market leaders are focusing their energies on developing cutting-edge products to solidify their market standing. For example, KeraVet Bio Inc, a company from India specializing in veterinary wound care, announced the release of KeraVet Gel in August 2024. This product is tailored uniquely to manage harmful self-induced behaviors, such as licking, while encouraging better wound recovery without necessitating a cone. The KeraVet Gel utilizes patented keratin technology and incorporates a bitterant to deter licking.
What Are the Key Segments in the Animal Wound Care Market?
The animal wound care market covered in this report is segmented -
1) By Product: Surgical Wound Care Products, Advanced Wound Care Products, Traditional Wound Care Products, Therapy Devices
2) By Animal: Companion Animals, Livestock Animals
3) By Distribution Channel: Retail, E-commerce
4) By End-Users: Veterinary Hospitals Or Clinics, Homecare, Other End Users
Subsegments:
1) By Surgical Wound Care Products: Surgical Sutures, Surgical Staples, Hemostatic Agents
2) By Advanced Wound Care Products: Hydrogel Dressings, Foam Dressings, Antimicrobial Dressings
3) By Traditional Wound Care Products: Gauze And Pads, Adhesive Bandages, Antiseptics
4) By Therapy Devices: Negative Pressure Wound Therapy Devices, Electromagnetic Field Therapy Devices, Ultrasound Therapy Devices
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Who Are the Key Players Shaping the Animal Wound Care Market's Competitive Landscape?
Major companies operating in the animal wound care market include B. Braun Melsungen AG, Medtronic plc, 3M Company, Johnson & Johnson, Virbac SA, Advancis Veterinary Ltd., Innovacyn Inc., Vernacare Limited, Neogen Corporation, KeriCure Inc., Sonoma Pharmaceuticals Inc., Elanco Animal Health Incorporated, Dechra Pharmaceuticals PLC, Jørgen Kruuse A/S, Robinson Healthcare Limited, Sentrx Animal Care Inc., Ethicon Inc., BioNote Inc., Heska Corporation, BioCure Inc., VetCare Inc., VetStem Biopharma Inc., VetCell Therapeutics PBC, VetWound Inc., VetMedWound LLC, VetDerm Solutions, VetHeal
What Geographic Markets Are Powering Growth in the Animal Wound Care Market?
North America was the largest region in the animal wound care market in 2024. The regions covered in the animal wound care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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