Animal Wound Care Market by Application and Geography - Forecast and Analysis 2020-2024
| Published: Apr 2021 | Pages: 120 | SKU: IRTNTR41322 |
The animal wound care market share is expected to increase by USD 661.63 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 6.44%.
This animal wound care market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers animal wound care market segmentations by application (surgical wound care and traditional wound care) and geography (North America, Europe, APAC, and South America). The animal wound care market report also offers information on several market vendors, including 3M Co., B. Braun Melsungen AG, Biogenesis Bago SA, Ceva Sante Animale, Indian Immunologicals Ltd., Johnson & Johnson, Medtronic Plc, Phibro Animal Health Corp., Vetoquinol SA, and Virbac Group among others.
What will the Animal Wound Care Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Animal Wound Care Market Size for the Forecast Period and Other Important Statistics
Animal Wound Care Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The dependency on livestock products is notably driving the animal wound care market growth, although factors such as rising pet care expenditure may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the animal wound care industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Animal Wound Care Market Driver
The dependency on livestock products is notably driving the animal wound care market growth. There is a rise in the demand for livestock products worldwide. Therefore, governments and vendors are focusing on food safety, which increases the awareness of preventing various diseases. Owing to the rapidly increasing population globally, the urge to supply livestock products has also increased. Around 70% of the antibiotics used on livestock are not metabolized by animals and are excreted from their body, which creates a serious risk of food safety. The mortality rate due to red meat consumption is growing among humans. Mortality is caused by the transfer of diseases from animals to humans. Animal wound care plays a crucial role in maintaining food safety as proper wound care protects animals from the most vulnerable and epidemic diseases. The economic impact of these diseases is also high as it directly affects product supply and leads to other indirect losses to the people dependent on these products as an income source. In addition to the dietary requirements, livestock products are used in the leather, fiber, draft power and transportation, and fertilizer industries. Hence, the increasing dependency on livestock products will support the growth of the global animal wound care market during the forecast period.
Key Animal Wound Care Market Trend
An increase in pet ownership in the animal wound care industry is the key trend driving the animal wound care market growth. The increase in pet ownership has led to a rise in awareness about pet healthcare, leading to a subsequent demand for animal wound care management. Medical solutions and care enhance the quality of life of the animals. The recognition of pets as family members has increased the focus of pet owners toward better health services for these animals. The participation of animals in sports is also necessary for the health of animals. Advancements in veterinary therapeutics and preventive medicines supplemented by an increase in disposable income have fueled the market demand for better care of pets and livestock. According to American Pet Products Association, in 2020, $31.4 billion was spent on routine veterinary care, surgical procedures, and sales of pharmaceuticals and other products through veterinary clinics in the US. Such trends will continue during the forecast period owing to the change in lifestyle and post-COVID consumer buying behavior.
Key Animal Wound Care Market Challenge
The major challenge impeding the animal wound care market growth is the rising pet care expenditure. Rising pet care expenditure is a huge challenge for the animal wound care market, as this can lead to hesitation among prospective pet owners in adopting pets and providing them with better living conditions. Healthcare costs, both for humans and animals, have risen tremendously in the past few years. This acts as a barrier to availing better healthcare facilities for animals. For instance, according to a Technavio report, the global non-GMO animal feed market will grow by over $13 billion during 2019-2023. Although this growth will primarily be driven by the strict government norms toward animal and environmental safety, it will increase the economic burden for pet owners as non-GMO feeds have premier pricing as compared with GMO feeds.
This animal wound care market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.
Parent Market Analysis
Technavio categorizes the global animal wound care market as a part of the global pharmaceuticals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the animal wound care market during the forecast period.
Who are the Major Animal Wound Care Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 3M Co.
- B. Braun Melsungen AG
- Biogenesis Bago SA
- Ceva Sante Animale
- Indian Immunologicals Ltd.
- Johnson & Johnson
- Medtronic Plc
- Phibro Animal Health Corp.
- Vetoquinol SA
- Virbac Group
This statistical study of the animal wound care market encompasses successful business strategies deployed by the key vendors. The animal wound care market is fragmented and the vendors are deploying growth strategies such as new technologies and new product offerings to compete in the market.
Product Insights and News
- 3M Co. - The company offers animal health products such as Vetrap bandaging tape.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The animal wound care market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Animal Wound Care Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the animal wound care market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
Which are the Key Regions for Animal Wound Care Market?
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34% of the market's growth will originate from North America during the forecast period. The US is the key market for animal wound care market in North America. Market growth in this region will be faster than the growth of the European market.
Owing to the huge demand for animal wound care, vendors are acquiring new facilities to synergize their R&D capability which will facilitate the animal wound care market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Application Segments in the Animal Wound Care Market?
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The animal wound care market share growth by the surgical wound care segment will be significant during the forecast period. The main growth drivers for the segment are the high adoption of products in hospitals and clinics for wound healing and the rising adoption of pets globally. The rise in the adoption of pets has increased the demand for care and treatment of pets, which has, in turn, increased the demand for surgeries.
This report provides an accurate prediction of the contribution of all the segments to the growth of the animal wound care market size and actionable market insights on post COVID-19 impact on each segment.
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Animal Wound Care Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.44% |
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Market growth 2020-2024 |
$ 661.63 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.01 |
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Regional analysis |
North America, Europe, APAC, and South America |
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Performing market contribution |
North America at 34% |
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Key consumer countries |
US, UK, China, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
3M Co., B. Braun Melsungen AG, Biogenesis Bago SA, Ceva Sante Animale, Indian Immunologicals Ltd., Johnson & Johnson, Medtronic Plc, Phibro Animal Health Corp., Vetoquinol SA, and Virbac Group |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Animal Wound Care Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive animal wound care market growth during the next five years
- Precise estimation of the animal wound care market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the animal wound care industry across North America, Europe, APAC, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of animal wound care market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent market
*Exhibit 01: Parent market
*Exhibit 02: Market characteristics
**2.2 Value chain analysis
*Exhibit 03: Value chain analysis for pharmaceuticals
*2.2.1 Research and development (R&D) and drug discovery
*2.2.2 Integration and product development
*2.2.3 Manufacturing
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support services
*2.2.7 Innovation
***3. Market Sizing
**3.1 Market definition
*Exhibit 04: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 05: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
*Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 08: Five forces analysis 2020 & 2025
**4.2 Bargaining power of buyers
*Exhibit 09: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 10: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 11: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 12: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 13: Threat of rivalry
**4.7 Market condition
*Exhibit 14: Market condition - Five forces 2020
***5. Market Segmentation by Application
**5.1 Market segments
*Exhibit 15: Application - Market share 2020-2025 (%)
**5.2 Comparison by Application
*Exhibit 16: Comparison by Application
**5.3 Surgical wound care - Market size and forecast 2020-2025
*Exhibit 17: Surgical wound care - Market size and forecast 2020-2025 ($ million
*Exhibit 18: Surgical wound care - Year-over-year growth 2020-2025 (%)
**5.4 Traditional wound care - Market size and forecast 2020-2025
*Exhibit 19: Traditional wound care - Market size and forecast 2020-2025 ($ million)
*Exhibit 20: Traditional wound care - Year-over-year growth 2020-2025 (%)
**5.5 Market opportunity by Application
*Exhibit 21: Market opportunity by Application
***6. Customer landscape
**6.1 Overview
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 22: Customer landscape
*** 7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 23: Market share by geography 2020-2025 (%)
**7.2 Geographic comparison
*Exhibit 24: Geographic comparison
**7.3 North America - Market size and forecast 2020-2025
*Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
*Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
**7.4 Europe - Market size and forecast 2020-2025
*Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
*Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
**7.5 Asia - Market size and forecast 2020-2025
*Exhibit 29: Asia - Market size and forecast 2020-2025 ($ million
*Exhibit 30: Asia - Year-over-year growth 2020-2025 (%)
**7.6 ROW - Market size and forecast 2020-2025
*Exhibit 31: ROW - Market size and forecast 2020-2025 ($ million)
*Exhibit 32: ROW - Year-over-year growth 2020-2025 (%)
**7.7 Key leading countries
*Exhibit 33: Key leading countries
**7.8 Market opportunity by geography
*Exhibit 34: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Dependency on livestock products
*8.1.2 Technological advancements in animal wound care industr
*8.1.3 Increase in pet ownership
**8.2 Market challenges
*8.2.1 Rising pet care expenditure
*8.2.2 Increasing population of stray animals in developing countries
*8.2.3 Lack of government funding and trained professionals
*Exhibit 35: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growing innovations in animal wound dressing techniques
*8.3.2 Rising awareness about pet insurance
*8.3.3 Increase in investments
***9. Vendor Landscape
**9.1 Overview
**9.2 Vendor landscape
*Exhibit 36: Vendor landscape
**9.3 Landscape disruption
*Exhibit 37: Landscape disruption
*Exhibit 38: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 39: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 40: Market positioning of vendors
*10.3 3M Co.
*Exhibit 41: 3M Co. - Overview
*Exhibit 42: 3M Co. - Business segments
*Exhibit 43: 3M Co. – Key news
*Exhibit 44: 3M Co. - Key offerings
*Exhibit 45: 3M Co. - Segment focus
*10.4 B. Braun Melsungen AG
*Exhibit 46: B. Braun Melsungen AG - Overview
*Exhibit 47: B. Braun Melsungen AG - Business segments
*Exhibit 48: B. Braun Melsungen AG – Key news
*Exhibit 49: B. Braun Melsungen AG - Key offerings
*Exhibit 50: B. Braun Melsungen AG - Segment focus
**10.5 Biogenesis Bago SA
*Exhibit 51: Biogenesis Bago SA - Overview
*Exhibit 52: Biogenesis Bago SA - Product and service
*Exhibit 53: Biogenesis Bago SA - Key offerings
**10.6 Innovacyn Inc.
*Exhibit 54: Innovacyn Inc. - Overview
*Exhibit 55: Innovacyn Inc. - Product and service
*Exhibit 56: Innovacyn Inc. - Key offerings
**10.7 Johnson & Johnson
*Exhibit 57: Johnson & Johnson - Overview
*Exhibit 58: Johnson & Johnson - Business segments
*Exhibit 59: Johnson & Johnson – Key news
*Exhibit 60: Johnson & Johnson - Key offerings
*Exhibit 61: Johnson & Johnson - Segment focus
**10.8 Jorgen Kruuse AS
*Exhibit 62: Jorgen Kruuse AS - Overview
*Exhibit 63: Jorgen Kruuse AS - Product and service
*Exhibit 64: Jorgen Kruuse AS - Key offerings
**10.9 Medtronic Plc
*Exhibit 65: Medtronic Plc - Overview
*Exhibit 66: Medtronic Plc - Business segments
*Exhibit 67: Medtronic Plc – Key news
*Exhibit 68: Medtronic Plc - Key offerings
*Exhibit 69: Medtronic Plc - Segment focus
**10.10 Neogen Corp.
*Exhibit 70: Neogen Corp. - Overview
*Exhibit 71: Neogen Corp. - Business segments
*Exhibit 72: Neogen Corp. - Key offerings
*Exhibit 73: Neogen Corp. - Segment focus
**10.11 Vetoquinol SA
*Exhibit 74: Vetoquinol SA - Overview
*Exhibit 75: Vetoquinol SA - Business segments
*Exhibit 76: Vetoquinol SA – Key news
*Exhibit 77: Vetoquinol SA - Key offerings
*Exhibit 78: Vetoquinol SA - Segment focus
**10.12 Virbac
*Exhibit 79: Virbac - Business segments
*Exhibit 80: Virbac – Key news
*Exhibit 81: Virbac - Key offerings
*Exhibit 82: Virbac - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 83: Currency conversion rates for US$
**11.3 Research methodology
*Exhibit 84: Research Methodology
*Exhibit 85: Validation techniques employed for market sizing
*Exhibit 86: Information sources
**11.4 List of abbreviations
*Exhibit 87: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
animal wound care market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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