Animal Wound Care Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41322
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The animal wound care market has the potential to grow by USD 758.93 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.46%.

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 market segmentation by application (surgical wound care and traditional wound care) and geography (North America, Europe, Asia, and ROW). The animal wound care market report also offers information on several market vendors, including 3M Co., B. Braun Melsungen AG, Biogenesis Bago SA, Innovacyn Inc., Johnson & Johnson, Jorgen Kruuse AS, Medtronic Plc, Neogen Corp., Vetoquinol SA, and Virbac among others.

What will the Animal Wound Care Market Size be in 2021?

Animal-Wound-Care-Market-Market-Size-2020-2025

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Animal Wound Care Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rise in the number of pet ownership is notably driving the animal wound care market growth, although factors such as rising pet care expenditure may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the animal wound care industry get your FREE report sample now.

  • The rise in the number of pet ownership is one of the key factors driving the animal wound care market growth.
  • The increase in pet ownership has resulted in the growing awareness about pet health care, leading to a subsequent demand for animal wound care management.
  • Medical solutions improve the quality of the life of animals, and this increases the focus of pet owners toward better health services for these animals.
  • The advancements in veterinary therapeutics and preventive medicines supplemented by a rise in disposable income also fuel the demand for better care of pets and livestock. This will consequently drive the market growth in the coming years.
  • Growing investments in animal care, one of the major animal wound care market trends, will also contribute to the growth of the market.
  • Governments and several NGOs, such as animal welfare associations, are making huge investments towards the improvement of animal care services.
  • The rise in investments, particularly in the developing markets of Asia and Africa, will double the growth rate of the market in these regions.
  • The key players are increasing their focus on emerging markets to generate revenue from these untapped markets and are also focusing on setting up manufacturing plants in these areas to increase their presence in these markets.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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
  • Innovacyn Inc.
  • Johnson & Johnson
  • Jorgen Kruuse AS
  • Medtronic Plc
  • Neogen Corp.
  • Vetoquinol SA
  • Virbac

 

The animal wound care market is fragmented and the vendors are deploying organic and inorganic growth strategies such as the focus on new product offerings to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the animal wound care market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Animal Wound Care Market?

Animal-Wound-Care-Market-Market-Share-by-Region-2020-2025

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36% 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 slower than the growth of the market in Asia.

The rising adoption of pets and the growing husbandry practices and improved farm management will facilitate the animal wound care market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Animal Wound Care Market?

Animal-Wound-Care-Market-Market-Share-by-Application-2020-2025

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The main growth drivers for the surgical wound care segment are the high adoption of products in hospitals and clinics for wound healing and the rising adoption of pets globally. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the animal wound care market size.

 

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What are the Key Factors Covered in this Animal Wound Care Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • 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, Asia, and ROW
  • 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

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Animal Wound Care Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2021-2025

USD 758.93 million

Market structure

Fragmented

YoY growth (%)

7.01

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 36%

Key consumer countries

US, UK, China, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., B. Braun Melsungen AG, Biogenesis Bago SA, Innovacyn Inc., Johnson & Johnson, Jorgen Kruuse AS, Medtronic Plc, Neogen Corp., Vetoquinol SA, and Virbac

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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.

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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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The animal wound care market growth will increase by $661.63 million during 2019-2024.
The animal wound care market is expected to grow at a CAGR of 6.44% during 2019-2024.
Technavio has segmented the animal wound care market by application (Surgical wound care, Traditional wound care, Transportation, Machinery, Metal fabrication, Consumer goods, and Others) and geographic (North America, Europe, APAC, and South America).
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 are a few of the key vendors in the animal wound care market.
North America will register the highest growth rate of 34.40% among the other regions. Therefore, the animal wound care market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the animal wound care market growth are:
  • Technological advancements
  • Growing developments in OEM fleet telematics systems
The animal wound care market vendors should focus on grabbing business opportunities from the surgical wound care segment as it accounted for the largest market share in the base year.
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