Abstract
Summary
The animal wound care market is valued at an estimated USD 1.3 billion in 2023 and is projected to reach USD 2.0 billion by 2029, at a CAGR of 7.4% during the forecast period. The key trends in the animal wound care market are increasing pet ownership worldwide and growing concern for animal health. Pet owners are increasingly aware and concerned about the health and well-being of their animals. This prevailing awareness drives them to seek advanced wound care treatments and solutions for their pets. The rising number of companion animals, including dogs and cats, contributes to the growing demand for specialized wound care products and services. Pet owners' willingness to invest in advanced veterinary care, coupled with an awareness of tailored healthcare treatments for their animals is driving the expansion of the animal wound care market.
“The surgical wound care segment is projected to witness the highest growth in the animal wound care market, by products, during the forecast period.”
The animal wound care market can be broadly classified into surgical wound care products, advanced wound care products, traditional wound care products, and therapy devices, depending on the product. The animal wound care market by product was dominated by the surgical wound care product segment in 2022. Owing to the increasing number of veterinary surgeries, and various medical interventions, for treating and managing chronic diseases in animals leads to a higher demand for specialized surgical wound care products. These products include sutures and staplers, tissue adhesives, sealants, and glues which play a significant role in the post-operative care and recovery of animals. Additionally, continuous technological innovations in the field of animal wound care medicines result in the development of advanced surgical wound care products. These innovations aim to enhance efficacy, ease of application, and overall outcomes, driving the adoption of such products in veterinary practices. Moreover, the increased demand for surgical wound care products in the animal wound care market is propelled by the surge in veterinary surgeries, and increasing pet health awareness. All these trends collectively support surgical wound care products as a driving factor in the animal wound care market.
“The companion animals segment, by animal type, has the highest market share.”
By animal type, the animal wound care market is segmented into companion animals and livestock animals. In 2022, the companion animals segment dominated the global animal wound care market. The segment's growth was primarily fueled by the rising adoption of pets, increasing pet care spending, and a surge in pet insurance. The growing population of companion animals and prevailing chronic diseases in pets have led to a significant increase in veterinary clinic visits for animal wound care and healthcare. Pet owners are willing to invest more in the healthcare of their animals, leading to increased spending on veterinary services, including wound care products and treatments. These factors contribute to an overall increase in spending on companion animal health and indirectly fuel demand for animal wound care products.
“Asia Pacific market to witness the highest growth during the forecast period.”
In the year 2022, the Asia Pacific region accounted for the highest growth rate in the animal wound care market, with countries like India and China standing out as areas with the highest growth potential. The growing population of pet animals in these regions is the key factor contributing to the growth of the animal wound care market. Moreover, the Asia Pacific region with factors like a surge in pet adoption, rising awareness of animal health and well-being, and an increase in animal health expenditure, particularly in India and China promoted the demand for animal wound care products and indirectly accounted for the highest growth in animal wound care market.
A breakdown of the primary participants (supply-side) for the animal wound care market referred to for this report is provided below:
• By Company: Tier 1: 55%, Tier 2: 30%, and Tier 3: 15%
• By Designation: C-level: 28%, Director- level: 43%, and Others: 39%
• By Region: North America: 35%, Europe: 20%, Asia Pacific: 30%, Latin America: 7%; Middle East: and Africa: 5% and GCC Countries: 3%
The prominent players operating in the animal wound care market are Elanco Animal Health (US), 3M Company (US), Medtronic PLC (Ireland), B. Braun Melsungen AG (Germany), Virbac (France), Neogen Corporation (US), Jorgen Kruuse A/S (Denmark), Sonoma Pharmaceuticals Inc. (US), Ethicon, Inc. (US), and Dechra Pharmaceuticals (UK). Other players in the animal wound care market are Jazz Medical, LLC (Ireland), Smith & Nephew PLC (UK), Kericure Inc. (US), Advancis Veterinary (UK), Care-Tech Laboratories, Inc. (US), Robinson Healthcare (UK), Mila International, Inc (US), Sentrx Animal Care (US), and McCord Research, Inc (US), Prima-Vet Inc. (US), Innovacyn, Inc (US), Indian Immunologicals Ltd (India), Silverglide (Australia), Vernacare (England), and Vetoquinol India Animal Health Pvt. Ltd. (India).
Research Coverage:
The market study covers the animal wound care market across various segments. It aims to estimate the market size and the growth potential of this market across different segments by product, animal type, end-user, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall animal wound care market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report provides insights into the following pointers:
Analysis of key drivers (increasing rate of companion animal population, growing number of veterinary practitioners and their rising income levels in developed economies, growing prevalence of animal diseases), restraints (high cost of animal wound care products, rising rate of pet care costs), opportunities (untapped emerging markets) and challenges (lack of animal healthcare awareness in emerging countries.
• Market Penetration: Comprehensive information on product portfolios offered by the top players in the global animal wound care market. The report analyzes this market by product, application, animal type, end user, and region.
• Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global animal wound care market.
• Market Development: Comprehensive information on the lucrative emerging markets by product, application, animal type, end user, and region.
• Market Diversification: Exhaustive information about new products and services, growing geographies, recent developments, and investments in the global animal wound care market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, product and service offerings, and capabilities of leading players in the global animal wound care market.
Table of Contents
1 INTRODUCTION 39
1.1 STUDY OBJECTIVES 39
1.2 MARKET DEFINITION 39
1.2.1 PRODUCT DEFINITION 40
1.2.2 ANIMAL TYPE DEFINITION 40
1.2.3 END-USER DEFINITION 41
1.2.4 INCLUSIONS & EXCLUSIONS 41
1.3 MARKET SCOPE 42
1.3.1 MARKETS COVERED 42
1.3.2 YEARS CONSIDERED 43
1.3.3 CURRENCY CONSIDERED 43
1.4 STAKEHOLDERS 43
1.5 SUMMARY OF CHANGES 44
1.6 RECESSION IMPACT 44
2 RESEARCH METHODOLOGY 45
2.1 RESEARCH DATA 45
2.1.1 SECONDARY DATA 46
- 2.1.1.1 Key data from secondary sources 48
2.1.2 PRIMARY DATA 48
- 2.1.2.1 Key data from primary sources 50
- 2.1.2.2 Key industry insights 50
2.2 MARKET SIZE ESTIMATION 51
2.2.1 KEY INDUSTRY INSIGHTS 57
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 58
2.4 MARKET RANKING ANALYSIS 59
2.5 STUDY ASSUMPTIONS 59
2.6 RISK ASSESSMENT 59
2.7 LIMITATIONS 60
2.7.1 METHODOLOGY-RELATED LIMITATIONS 60
2.8 RECESSION IMPACT ANALYSIS 60
3 EXECUTIVE SUMMARY 61
4 PREMIUM INSIGHTS 65
4.1 ANIMAL WOUND CARE MARKET OVERVIEW 65
4.2 ASIA PACIFIC: ANIMAL WOUND CARE MARKET, BY PRODUCT AND COUNTRY (2022) 66
4.3 ANIMAL WOUND CARE MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 67
4.4 ANIMAL WOUND CARE MARKET: REGION (2021-2029) 68
4.5 ANIMAL WOUND CARE MARKET: DEVELOPED VS. DEVELOPING ECONOMIES 69
5 MARKET OVERVIEW 70
5.1 INTRODUCTION 70
5.2 MARKET DYNAMICS 70
5.2.1 DRIVERS 71
- 5.2.1.1 Growth in companion animal population 71
- 5.2.1.2 Rising demand for pet insurance and increasing animal health expenditure 72
- 5.2.1.3 Growing number of veterinarians in developed countries 73
- 5.2.1.4 Increasing demand for animal-derived food products 73
- 5.2.1.5 Rising prevalence of zoonotic diseases 75
5.2.2 RESTRAINTS 76
- 5.2.2.1 High cost of animal wound care products 76
- 5.2.2.2 Rising cost of pet care 76
5.2.3 OPPORTUNITIES 77
- 5.2.3.1 High growth potential of emerging economies 77
5.2.4 CHALLENGES 77
- 5.2.4.1 Lack of animal healthcare awareness in emerging countries 77
- 5.2.4.2 Shortage of veterinary practitioners in underserved areas 78
5.3 INDUSTRY TRENDS 79
5.3.1 POPULARITY OF VACUUM-ASSISTED/NEGATIVE-PRESSURE WOUND THERAPY FOR COMPANION ANIMALS 79
5.3.2 GROWING FUNDING FOR VETERINARY RESEARCH 79
5.4 TECHNOLOGY ANALYSIS 81
5.4.1 BIOMATERIALS 81
5.4.2 DIGITAL WOUND MANAGEMENT 81
5.4.3 3D PRINTING FOR CUSTOMIZED WOUND SOLUTIONS 82
5.4.4 WEARABLE SENSORS FOR CONTINUOUS MONITORING 82
5.4.5 AI INTEGRATION IN ANIMAL WOUND CARE 82
5.5 PRICING ANALYSIS 83
5.6 VALUE CHAIN ANALYSIS 85
5.7 SUPPLY CHAIN ANALYSIS 86
5.8 ECOSYSTEM/MARKET MAP 88
5.9 PORTER’S FIVE FORCE ANALYSIS 89
5.9.1 THREAT OF NEW ENTRANTS 89
5.9.2 THREAT OF SUBSTITUTES 89
5.9.3 BARGAINING POWER OF SUPPLIERS 89
5.9.4 BARGAINING POWER OF BUYERS 89
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 90
5.10 PATENT ANALYSIS 90
5.10.1 PUBLICATION TRENDS FOR ANIMAL WOUND CARE 90
5.10.2 INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS 91
5.11 KEY CONFERENCES & EVENTS 93
5.12 TRADE ANALYSIS 95
5.13 UNMET NEEDS AND END-USER EXPECTATIONS 96
5.14 TARIFF & REGULATORY LANDSCAPE 97
5.14.1 REGULATORY ANALYSIS 97
- 5.14.1.1 North America 97
- 5.14.1.1.1 US 97
- 5.14.1.2 Europe 98
- 5.14.1.1 North America 97
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 99
5.15 KEY STAKEHOLDERS & BUYING CRITERIA 102
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 102
5.15.2 BUYING CRITERIA 103
5.16 CASE STUDY ANALYSIS 104
5.16.1 CASE STUDY 1: ESTIMATING MARKET SIZE OF VETERINARY ULTRASOUND AND MARKET SHARE ANALYSIS FOR KEY PRODUCTS 104
5.16.2 CASE STUDY 2: ESTIMATING MARKET SIZE OF VETERINARY X-RAY TECHNOLOGIES AND MARKET SHARE ANALYSIS FOR KEY PRODUCTS 104
5.16.3 CASE STUDY 3: BUTTERFLY NETWORK AND AMERICAN VETERINARY GROUP 105
5.17 ADJACENT MARKET ANALYSIS 105
5.17.1 VETERINARY DIAGNOSTICS MARKET 105
6 ANIMAL WOUND CARE MARKET, BY PRODUCT 107
6.1 INTRODUCTION 108
6.2 SURGICAL WOUND CARE PRODUCTS 108
6.2.1 SUTURES & STAPLERS 110
- 6.2.1.1 Growing number of veterinary conditions requiring surgeries to boost demand for sutures & staplers 110
6.2.2 TISSUE ADHESIVES, SEALANTS, AND GLUES 112
- 6.2.2.1 Effective closure of minor wounds, including simple traumatic lacerations and abrasions, to drive adoption 112
6.3 ADVANCED WOUND CARE PRODUCTS 113
6.3.1 FOAM DRESSINGS 115
- 6.3.1.1 Easy application and adequate insulation associated with foam dressings to boost growth 115
6.3.2 HYDROCOLLOID DRESSINGS 116
- 6.3.2.1 Ability of hydrocolloid dressings to promote healing and reduce infection to favor growth 116
6.3.3 FILM DRESSINGS 118
- 6.3.3.1 Increased ventilation to wounds associated with film dressings to boost growth 118
6.3.4 HYDROGEL DRESSINGS 120
- 6.3.4.1 Fast absorption of exudates to promote market growth 120
6.3.5 OTHER ADVANCED DRESSINGS 122
6.4 TRADITIONAL WOUND CARE PRODUCTS 123
6.4.1 TAPES 124
- 6.4.1.1 Tapes to dominate market during forecast period 124
6.4.2 DRESSINGS 126
- 6.4.2.1 Extensive usage of wound dressings to drive market 126
6.4.3 BANDAGES 129
- 6.4.3.1 Prevention of infection and faster wound healing to propel market growth 129
6.4.4 ABSORBENTS 131
- 6.4.4.1 Usage in highly exuding wounds and surgical drains to drive segment 131
6.4.5 OTHER TRADITIONAL WOUND CARE PRODUCTS 132
6.5 THERAPY DEVICES 134
6.5.1 INCREASED EFFICIENCY AND REDUCED HOSPITALIZATION TO DRIVE MARKET 134
7 ANIMAL WOUND CARE MARKET, BY ANIMAL TYPE 136
7.1 INTRODUCTION 137
7.2 COMPANION ANIMALS 137
7.2.1 DOGS 139
- 7.2.1.1 Increasing adoption of dogs to drive market growth 139
7.2.2 CATS 140
- 7.2.2.1 Emerging trends in feline wound care to boost market growth 140
7.2.3 HORSES 142
- 7.2.3.1 Higher risk of traumatic injuries in horses to drive demand for animal wound care products 142
7.2.4 OTHER COMPANION ANIMALS 143
7.3 LIVESTOCK ANIMALS 144
7.3.1 CATTLE 146
- 7.3.1.1 Growing incidence of ocular diseases and injuries in cattle to propel segmental growth 146
7.3.2 PIGS 148
- 7.3.2.1 Growing surgical volume for acute conditions in pigs to drive market growth 148
7.3.3 POULTRY 149
- 7.3.3.1 High demand for poultry products to boost market 149
7.3.4 OTHER LIVESTOCK ANIMALS 150
8 ANIMAL WOUND CARE MARKET, BY END USER 151
8.1 INTRODUCTION 152
8.2 VETERINARY HOSPITALS & CLINICS 152
8.2.1 VETERINARY HOSPITALS & CLINICS TO DOMINATE MARKET DURING FORECAST PERIOD 152
8.3 HOME CARE SETTINGS 153
8.3.1 RISING PET EXPENDITURE TO PROPEL MARKET GROWTH 153
9 GLOBAL ANIMAL WOUND CARE MARKET, BY REGION 155
9.1 INTRODUCTION 156
9.2 NORTH AMERICA 158
9.2.1 NORTH AMERICA: RECESSION IMPACT 158
9.2.2 US 163
- 9.2.2.1 Surge in animal healthcare expenditure to boost market growth 163
9.2.3 CANADA 167
- 9.2.3.1 Growing pet population and advanced veterinary services to drive market growth 167
9.3 EUROPE 171
9.3.1 EUROPE: RECESSION IMPACT 171
9.3.2 GERMANY 175
- 9.3.2.1 High focus on animal welfare to drive market demand for animal wound care products 175
9.3.3 UK 179
- 9.3.3.1 Increasing pet ownership to propel market 179
9.3.4 FRANCE 183
- 9.3.4.1 High standards of veterinary care to provide attractive growth opportunities for market players 183
9.3.5 ITALY 186
- 9.3.5.1 Growing pet owner awareness and increasing livestock population to drive market 186
9.3.6 SPAIN 190
- 9.3.6.1 Increasing awareness of animal health to drive market growth 190
9.3.7 REST OF EUROPE 193
9.4 ASIA PACIFIC 197
9.4.1 ASIA PACIFIC: RECESSION IMPACT 197
9.4.2 JAPAN 203
- 9.4.2.1 Surge in pet care expenditure and growing adoption of companion animals to drive market 203
9.4.3 CHINA 207
- 9.4.3.1 China to register highest growth rate during forecast period 207
9.4.4 INDIA 211
- 9.4.4.1 Increasing livestock population to propel market growth 211
9.4.5 AUSTRALIA 215
- 9.4.5.1 Growing companion animal ownership and rise in animal health awareness to support market growth 215
9.4.6 SOUTH KOREA 219
- 9.4.6.1 Growing pet ownership and advancements in veterinary medicine to favor growth 219
9.4.7 REST OF ASIA PACIFIC 223
9.5 LATIN AMERICA 226
9.5.1 LATIN AMERICA: RECESSION IMPACT 227
9.5.2 BRAZIL 231
- 9.5.2.1 Brazil to dominate Latin American market 231
9.5.3 MEXICO 235
- 9.5.3.1 Increasing adoption of advanced diagnostic technologies to contribute to market growth 235
9.5.4 REST OF LATIN AMERICA 239
9.6 MIDDLE EAST & AFRICA 242
9.6.1 GROWING FOCUS ON ANIMAL WELL-BEING TO DRIVE OVERALL MARKET GROWTH 242
9.6.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 242
9.7 GCC COUNTRIES 246
9.7.1 HIGHER DISPOSABLE INCOMES TO FOSTER MARKET GROWTH 246
9.7.2 GCC COUNTRIES: RECESSION IMPACT 246
10 COMPETITIVE LANDSCAPE 251
10.1 OVERVIEW 251
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 251
10.3 REVENUE SHARE ANALYSIS 253
10.4 MARKET SHARE ANALYSIS 254
10.5 COMPANY EVALUATION MATRIX 256
10.5.1 STARS 256
10.5.2 EMERGING LEADERS 256
10.5.3 PERVASIVE PLAYERS 257
10.5.4 PARTICIPANTS 257
10.5.5 COMPANY FOOTPRINT 258
10.6 START-UP/SME EVALUATION MATRIX 263
10.6.1 PROGRESSIVE COMPANIES 263
10.6.2 DYNAMIC COMPANIES 263
10.6.3 RESPONSIVE COMPANIES 263
10.6.4 STARTING BLOCKS 264
10.6.5 COMPETITIVE BENCHMARKING 265
10.7 COMPETITIVE SCENARIO 265
10.7.1 PRODUCT LAUNCHES 265
10.7.2 DEALS 266
10.8 INVESTMENT LANDSCAPE 267
10.9 BRAND/PRODUCT COMPARATIVE ANALYSIS 268
11 COMPANY PROFILES 270
11.1 KEY PLAYERS 270
11.1.1 ELANCO ANIMAL HEALTH INCORPORATED 270
11.1.2 3M COMPANY 275
11.1.3 MEDTRONIC PLC 279
11.1.4 B. BRAUN MELSUNGEN AG 284
11.1.5 VIRBAC 288
11.1.6 NEOGEN CORPORATION 291
11.1.7 JØRGEN KRUUSE A/S 294
11.1.8 SONOMA PHARMACEUTICALS, INC 297
11.1.9 ETHICON (A SUBSIDIARY OF JOHNSON & JOHNSON) 299
11.1.10 DECHRA PHARMACEUTICALS 301
11.1.11 JAZZ MEDICAL, LLC 303
11.1.12 SMITH & NEPHEW PLC 305
11.1.13 KERICURE INC 309
11.1.14 ADVANCIS VETERINARY LTD 310
11.1.15 CARE-TECH LABORATORIES, INC 311
11.1.16 ROBINSON HEALTHCARE 312
11.1.17 MILA INTERNATIONAL, INC 314
11.1.18 SENTRX ANIMAL CARE 316
11.1.19 MCCORD RESEARCH, INC 317
11.1.20 PRIMAVET, INC 318
11.2 OTHER PLAYERS 319
11.2.1 INNOVACYN, INC 319
11.2.2 INDIAN IMMUNOLOGICALS LTD 320
11.2.3 SILVERGLIDE 321
11.2.4 VERNACARE 322
11.2.5 VETOQUINOL INDIA ANIMAL HEALTH PVT. LTD 323
12 APPENDIX 324
12.1 DISCUSSION GUIDE 324
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 329
12.3 CUSTOMIZATION OPTIONS 331
12.4 RELATED REPORTS 331
12.5 AUTHOR DETAILS 332