Animal Wound Care Market Size by Regional Trend & Growth Forecast to 2027
Global Animal Wound Care Market is valued approximately USD 0.90 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.40 % over the forecast period 2020-2027. Animal wound care involves the use of products that aid in recovery of the damaged tissues and in the healing of the wound. These products can be defined as those medical services and devices that help in proving the required healthcare to wounded or diseases population of animals. The product included in the category are specifically manufactured keeping in mind the pharmaceutical solutions with the reactions it might differ from in comparison to humans and anatomy of animals.
Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/2895832/
Further, increase in the pet ownership, rise in demand for pet insurance along with the growth in animal health expenditure are the factors supplementing the growth of the market. As per the 2019-2020, National Pet Owners Survey conducted by the American Pet Products Association (APPA), 67% of US household or, about 85 million families, own a pet. This is up from 56% of US household in 1988, the first-year survey was conducted. Similarly, as per the Animal Medicines Australia (AMA), in June 2017, Australian pet owners spent around USD 12.2 billion, up by 42% since 2013 on their pets including high quality food and premium grooming. Owing to the growing concerns for the health of pet animals, pet owners are more focused on products that aid in recovery of the damaged tissue which would supplement the growth of the segment during the forecast period of 2020-2027. However, rising pet care costs is hampering the growth of this market. Further, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. In June 2020, Elanco Animal Health (United States) introduced its new flea control ointment which is used for dog’s neck. Also, in February 2020, Elanco Animal Health announced an alliance with Purdue Research Foundation and Purdue University to improve animal health.
The regional analysis of global Animal Wound Care market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region due to the increasing adoption of pets and their wellbeing by their respective owners. Also, the presence of the well-known market players along with the various promotion programs are being carried to enables the veterinary professionals and the general population to understand the effective wound care management for animals are expected to create positive outlook for the growth of the region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
To access a sample pages of this report titled “Global Animal Wound Care Market Size study, by Product (Surgical, Advanced, Traditional And Other Products), By Animal Type (Companion and Livestock) and Regional Forecasts 2020-2027” in detail along with the table of contents, please click the link below: https://www.marketstudyreport.com/reports/global-animal-wound-care-market-size-research
Animal Wound Care Market By Product:
- Other Products
Animal Wound Care Market By Animal Type:
Animal Wound Care Market By Region:
- North America
Major market player included in this report are:
- Elanco Animal Health
- The 3M Company
- Medtronic plc
- B. Braun (B. Braun Melsungen)
- Neogen Corporation
- Sonoma Pharmaceuticals, Inc.
- Smith & Nephew plc
- KeriCure Inc.
- Care-Tech Laboratories, Inc
Global Advanced Wound Care Market Size study by Product, by Wound Type, by End-User (Hospitals, ASCs and Wound Care Centers, Homecare Settings and Others) and Regional Forecasts 2020-2027
Global Advanced Wound Care Market is valued approximately USD 15 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.8% over the forecast period 2020-2027. Advanced wound care products are used to treat chronic wounds, burns, and surgical wounds. As chronic and complex wounds represent one of the predominant challenges to global healthcare systems because they would take more time to heal and expensive to treat. The rising number of surgical wounds, burn injuries, traumatic wounds, obesity and increasing spending on chronic wounds are the few factors responsible for growth of the market over the forecast period.
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
Market Study Report LLC
Toll Free: 1-866-764-2150