Animal Wound Care Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.38 Billion |
| Market Size (2029) | USD 1.71 Billion |
| CAGR (2024 - 2029) | 4.48 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Animal Wound Care Market Analysis
The Global Animal Wound Care Market size is estimated at USD 1.38 billion in 2024, and is expected to reach USD 1.71 billion by 2029, growing at a CAGR of 4.48% during the forecast period (2024-2029).
Due to the outbreak of COVID-19, there was a significant impact on the animal wound care market. For instance, several studies have been conducted to understand the spread of coronavirus across pets worldwide. For instance, as per the article published in 2021 titled, 'Host traits, ownership behavior and risk factors of SARS-CoV-2 infection in domestic pets in Mexico,' IgG ELISA positive results were found in 31.8% of dogs and 27.3% of cats in Mexico's surveyed pets. As per the same source, the COVID-positive pet owner residing in the home or pet food purchased from a store had no impact on the health of the animal according to COVID-19. Moreover, the animal wound care market observed a setback in growth due to the disruption of the supply chain in the market studied.
The major factors attributing to the growth of the animal wound care market are the increasing initiatives by the governments and animal welfare associations and increased animal adoption and animal healthcare expenditure. The World Organization for Animal Health (OIE) is committed to ensuring that all animal welfare standards, including veterinary healthcare, are science-based. It also recognizes that other factors must also be considered. The International Coalition for Farm Animal Welfare (ICFAW) was formed to represent the interests of non-governmental animal welfare organizations globally.
Moreover, the veterinary wound healing association conducted its conference in Paris on May 2022. The theme of the conference was 'Wound and Surgical Site Infections In The Modern Veterinary Clinic: Prevention And Treatment' and this theme addressed issues and queries that all veterinarians deal with daily. Surgical site infections (SSI) is one of the main issue faced by veterinarian, owner, and the animal. Therefore, the conference has given priority to the SSI considering the significance and necessity of a prompt cure for surgical site infections in pets and animals. Hence, the increasing government initiatives and rising animal welfare worldwide are helping in the growth of the market studied, as these initiatives are making people consider their pet's health as important.
Hence as per the factors mentioned above, the animal wound care market is expected to grow significantly over the forecast period. However, the lack of well-designed comparative studies of wound healing products in cats and dogs and the high costs associated with veterinary healthcare restrain the market growth.
Animal Wound Care Market Trends
This section covers the major market trends shaping the Animal Wound Care Market according to our research experts:
Companion Animal Wound Care Market is Expected to Observe Good Growth Over the Forecast Period
With the outbreak of COVID-19, a significant increase in the adoption of pets was observed, which is likely to influence the market studied significantly. For instance, as per the article published in May 2021 under the title 'Did the COVID-19 Pandemic Spark a Public Interest in Pet Adoption?', Following the COVID-19 epidemic, the study noticed a global interest in pet adoption worldwide, with dogs garnering the most interest which is expected to have a significant impact on the market growth.
Moreover, the number of pets is increasing globally. The National Pet Owners Survey during 2021-2022 found that 70% of US households have a companion animal. Owning a pet is associated with lower blood pressure, less stress, a lower risk of heart disease, and cheaper total health care expenses, according to recent studies. In summary, having pets around improves the quality of life. Hence, pet owners generally ensure that the wounds and problems affecting their animals are properly addressed. That has a favorable effect on the market and thereby promotes market growth over the forecast period. Moreover, according to the annual report of the European Pet Food Industry Association (FEDIAF) for 2020, dogs and cats are the major pets adopted in Europe. Moreover, approximately 85 million European households own at least one pet animal which is likely to boost the animal wound care market. Moreover, many of the research articles point out the advancements in the wound healing process in companion animals. For instance, as per the article published in August 2022 under the title 'Locally Injected Autologous Platelet-Rich Plasma Improves Cutaneous Wound Healing in Cats', the topical use of Platelet-rich plasma (PRP) in the treatment of open wounds in laboratory cats, and results from the research found to be promising, they indicate that the PRP group saw more rapid recovery. Hence such research initiatives in the field of pet wound care boost the market growth.
Companies are developing new products for companion animals, which are expected to accelerate the market studied in this segment. For instance, in March 2021, Healers PetCare introduced a combination kit offering for pet health. This kit includes Skin and Coat Health Chews, Hot Spot Relief cream, and Conditioning Tea Tree Oil Shampoo for pet health and wellness. Thus, the aforementioned factors are expected to positively impact the market studied.
North America is Expected to Dominate the Market Over the Forecast Period
North America is expected to dominate the overall market throughout the forecast period owing to the factors such as increasing initiatives by the governments and animal welfare associations and an increase in animal adoption and animal healthcare expenditure. According to the 2021-2022 National Pet Owners Survey, conducted by the American Pet Products Association (APPA), total pet industry expenditures in the United totaled USD 123.6 billion, up 19% from USD 103.6 billion in 2020.
Furthermore, the North American Pet Health Insurance Association's (NAPHIA) State of the Industry Report 2022 Highlights stated that the total premium volume for pet insurance in the United States was nearly USD 2.6 billion. The total number of pets insured in the United States at year-end 2021 was 3.9 million, a 28% increase since 2020. The average accident and illness premium for dogs was USD 583 a year or USD 49 a month. The largest share of insured pets lives in California, New York, and Florida. The largest number of pets insured were dogs at 82 % versus cats at 18 %. In Canada, 77.5% of insured pets were dogs versus 22.5% of cats.
Additionally, Mexico's Ministry of Agriculture and Rural Development has begun training veterinarians throughout the nation virtually for severe animal diseases. This organization has trained more than 2,000 veterinarians in Mexico so far in 2021. With this training, various illnesses, including autism, and their therapies have been covered. The market for animal wound healing in the studied region is anticipated to increase strongly over the forecast period as a result of such training programs.
In North America, the United States holds the largest market share. The United States Animal Health Association is an organization that takes care of wound care in veterinary. This organization keeps track of the upcoming products that are required for animal healthcare. Various promotion programs are being carried out by this association in the country, which enables veterinary professionals and the general population to understand effective wound care management for animals. Furthermore, as per the American Pet Products Association Inc., in 2020, it was estimated that around USD 99 billion was spent on pets in the United States, up from USD 95.7 billion in 2019. A similar high expenditure can be observed both in Canada and Mexico, which shows the demand for treatment and awareness among the owners regarding the treatment of their pets. Such factors help in the growth of the wound care market. Thus, the aforementioned factors are expected to accelerate market growth.
Animal Wound Care Industry Overview
The animal wound care market is moderately competitive with several major players. In terms of market share, few of the major players currently dominate the market. With the rising awareness levels of animal care among the population, few other smaller players are expected to enter the market in the coming years. Some of the major players in the market are Advancis Veterinary Ltd, Virbac, and Medtronic PLC among others.
Animal Wound Care Market Leaders
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Innovacyn Inc.
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KeriCure Inc.
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Medtronic PLC
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Advancis Veterinary Ltd
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Virbac
*Disclaimer: Major Players sorted in no particular order
Animal Wound Care Market News
- In June 2021, Bactiguard expanded its business and launched infection prevention for pets through a collaboration with the Nordic pet retailer Musti Group. The partnership evolves around a new range of wound care products (Aniocyn) for pets.
- In March 2021, Axio Biosolutions launched the SureKlot range of products with an aim to expand into the veterinary wound management area. Sureklot is available as a patch, gauze, powder, and spray, suitable for different types of wounds.
Animal Wound Care Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Initiatives by the Governments and Animal Welfare Associations
4.2.2 Increase in Animal Adoption and Animal Healthcare Expenditure
4.3 Market Restraints
4.3.1 Lack of Well-designed Comparative Studies of Wound Healing Products in Cats and Dogs
4.3.2 High Costs Associated with Veterinary Healthcare
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Products
5.1.1 Surgical
5.1.2 Advanced
5.1.3 Traditional
5.1.4 Other Products
5.2 By Animal Type
5.2.1 Companion
5.2.2 Livestock
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Innovacyn, Inc.
6.1.2 Advancis Veterinary Ltd
6.1.3 KeriCure Inc.
6.1.4 Medtronic PLC
6.1.5 MILLIKEN & COMPANY
6.1.6 Neogen Corporation
6.1.7 Vernacare
6.1.8 Elanco Animal Health
6.1.9 Virbac
6.1.10 Sentrx Animal Care, Inc.
6.1.11 Primavet Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Animal Wound Care Industry Segmentation
As per the scope of the report, animal wound care refers to the specific types of treatment to cure various kinds of wounds in animals. General wound care begins only after the animal gets stabilized after the trauma or shock that it has had, and it involves certain medical instruments and materials. The Animal Wound Care Market is segmented by Products (Surgical, Advanced, Traditional, and Other Products), Animal Type (Companion, and Livestock), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
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Animal Wound Care Market Research FAQs
How big is the Global Animal Wound Care Market?
The Global Animal Wound Care Market size is expected to reach USD 1.38 billion in 2024 and grow at a CAGR of 4.48% to reach USD 1.71 billion by 2029.
What is the current Global Animal Wound Care Market size?
In 2024, the Global Animal Wound Care Market size is expected to reach USD 1.38 billion.
Who are the key players in Global Animal Wound Care Market?
Innovacyn Inc., KeriCure Inc., Medtronic PLC, Advancis Veterinary Ltd and Virbac are the major companies operating in the Global Animal Wound Care Market.
Which is the fastest growing region in Global Animal Wound Care Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Animal Wound Care Market?
In 2024, the North America accounts for the largest market share in Global Animal Wound Care Market.
What years does this Global Animal Wound Care Market cover, and what was the market size in 2023?
In 2023, the Global Animal Wound Care Market size was estimated at USD 1.32 billion. The report covers the Global Animal Wound Care Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Animal Wound Care Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Animal Wound Care Industry Report
Statistics for the 2024 Animal Wound Care market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Animal Wound Care analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Animal Wound Care Market Report Snapshots
