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Animal Wound Care Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41322
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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?

Animal Wound Care Market Size

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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?

Animal Wound Care Market Market segmentation by region

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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?

Animal Wound Care Market Segmentation

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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.

 

Animal Wound Care Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6.44%

Market growth 2020-2024

$ 661.63 million

Market structure

Fragmented

YoY growth (%)

6.01

Regional analysis

North America, Europe, APAC, and South America

Performing market contribution

North America at 34%

Key consumer countries

US, UK, China, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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

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

Customization purview

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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

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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.

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
Technavio

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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Animal Wound Care Market market growth will increase by $661.63 million during 2020-2024.
The animal wound care market market is expected to grow at a CAGR of 6.44% during 2020-2024.
Technavio has segmented the animal wound care market market by application (surgical wound care and traditional wound care) ,geography (North America, Europe, APAC, South America, 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 market.
North America will register the highest growth rate of 34% among the other regions. Therefore, the animal wound care market 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 market growth are:
  • Dependency on livestock products
  • Growing innovation s in animal wound dressing techniques
The animal wound care market 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.
  • 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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  • Details on the market shares of various regions
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