Press release
Global Animal Wound Care Market Projected to Grow at 8.5% CAGR, Reaching $1.92 Billion by 2029
Animal Wound Care
What Will the Animal Wound Care Industry Market Size Be by 2025?
In recent times, there has been robust growth in the size of the animal wound care market. Estimated to surge from $1.29 billion in 2024 to $1.38 billion in 2025, it holds a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this exceptional growth during the historical period include expanded pet ownership, enhanced awareness and education, increased pet insurance, and supportive regulatory framework.
What's the Long-Term Growth Forecast for the Animal Wound Care Market Size Through 2029?
The market size for animal wound care is projected to experience robust expansion in the upcoming years, anticipated to increase to $1.92 billion in 2029, with a compound annual growth rate (CAGR) of 8.5%. This growth in the forecast period is ascribed to factors such as a rise in pet ownership, growing veterinary spending, emphasis on preventive health care, emerging markets, and an increase in regulatory focus on animal welfare. Key trends during the forecast period are anticipated to be advancements in technology, preventive care focus, use of natural and organic products, incorporation of telemedicine in veterinary care, and personalized treatment strategies.
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What Are the Key Growth Drivers Fueling the Animal Wound Care Market Expansion?
The rise in pet adoption is anticipated to drive the expansion of the animal wound care market. Pet adoption, characterized by acquiring animals from rescue groups rather than buying them from pet stores or breeders, necessitates the need for animal wound care to safeguard the pets from different injuries and during emergencies. Hence, the elevated adoption rates contribute to the growing demand in the animal wound care market. For example, a national survey of pets and people released by Animal Medicines Australia (AMA), a body based in Australia that represents the leaders in the animal health industry, revealed in November 2022 that nearly half of all Australian households have at least one dog, making them the most popular pet. Roughly 48% of households were dog owners in 2022. Consequently, the rise in pet adoption fuels the animal wound care market.
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What Are the Key Trends Driving Animal Wound Care Market Growth?
The development of innovative products has become a significant trend in the animal wound care market. Leading market participants are focusing their resources on inventing novel products to fortify their market stance. For example, KeraVet Bio Inc, a veterinary wound care firm from India, unveiled KeraVet Gel in August 2024. This unique product tackles harmful behaviors such as licking while fostering better wound healing without requiring a cone. It employs patented keratin technology and includes a bitterant to deter licking.
How Is the Animal Wound Care Market Segmented?
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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Which Companies Are Leading the Charge in Animal Wound Care Market Innovation?
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
Which Regions Are Leading the Global Animal Wound Care Market in Revenue?
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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