According to the research 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‘, available with Market Study Report, global animal wound care market was valued at USD 0.9 billion in 2019 and is expected to experience a CAGR of 7.40% during 2020-2027.
 

Rise in pet ownership, escalating demand for pet insurance, and surging animal health spending are the major factors driving the global animal wound care market expansion. For the uninitiated, animal wound care involves usage of products that help in recovery of damaged tissues and healing of the wounds in animals. These products are developed after considering that the pharmaceutical solutions may have different reactions on humans as compared to anatomy of animals.

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2895832/
 

Increasing concern regarding animal health is fueling the consumption of healthcare products that help in fast healing, which is positively influencing to the growth of worldwide animal wound care industry.  According to the Animal Medicines Australia (AMA), Australian pet owners spent USD 12.2 billion on pets for premium grooming and high-quality food in 2017, which is a surge of 42% since 2013. Moreover, rising focus of major companies on adoption of new strategies such as innovations, product launches, and mergers & acquisitions to sustain in the tough competitive environment also fuels the industry growth. However, rising cost of pet care is a major factor expected to restrain the growth of global animal wound care market in the coming years.

Based on animal type, global animal wound care industry is segmented into livestock and companion. With regards to product terrain, the industry is bifurcated into traditional, surgical, advanced, and others.
 

From a regional frame of reference, global animal wound care market is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. North America market is slated to grow substantially over 2020-2027, mainly due to rising adoption of pets and increasing importance of their wellbeing among respective owners in the region. Further, presence of leading companies that are taking efforts to create awareness among the veterinary professionals and the general population regarding effective wound care management for animals is expected to fuel the market growth in North America.
 

Major players operating in global animal wound care market sphere include Elanco Animal Health, Inc., Medtronic plc, B. Braun Medical, Inc. (B. Braun Melsungen), Care-Tech Laboratories, Inc., Neogen Corporation, Virbac Animal Pvt. Ltd., 3M Company, Smith & Nephew plc, Sonoma Pharmaceuticals, Inc., and KeriCure, Inc.