The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Animal Wound Care Market. The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans.
The global animal wound care market size reached USD 992.2 Million in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period, according to the latest analysis by Emergen Research. The American Society for the Prevention of Cruelty to Animals (ASPCA) estimates that 6.5 million dogs, cats, and other former pets are abandoned or misplaced and end up in shelters. However, only 3.2 million of these animals get adopted, and many returns to shelters after less than a year.
Many shelters want volunteers to temporarily house dogs to free up room in the facility and allow the dogs to demonstrate how they would behave in a home environment. The majority of pets in shelters were brought there due to a significant lack of cheap, pet-friendly housing and access to medical care, both of which will necessitate long-term and systemic reform. Caring for a pet may provide you with a sense of purpose and fulfillment while also alleviating emotions of loneliness.
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Report Scope:
Forecast Period: 2022- 2030
CAGR: 6.9%
Base Year: 2021
Number of Pages: 250
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
Medtronic plc, 3M Company, B. Braun SE, Virbac, Johnson and Johnson Services, Inc., Advancis Veterinary Ltd, Neogen Corporation, PrimaVet Inc., KeriCure Inc., and Innovacyn, Inc.
Some Key Highlights from the Report
- The surgical wound care segment accounted for a significant revenue share in 2021. It is customary to utilize a subcutaneous closure (if necessary) + skin closure since large animal species are less prone than small animal patients to gnaw out their sutures. Skin closure can be done in either an interrupted or continuous pattern.
- Cruciate closure patterns are more efficient than simple interrupted closure patterns and both patterns are more effective than a subcuticular pattern. A material called surgical glue has been created to quickly and painlessly close wounds without putting the animal through any discomfort or agony. The veterinarian will need to clean the incision before using surgical adhesive, and they must do this in that sequence.
- The companion segment accounted for a significant revenue share in 2021. Rising pet healthcare expenditures, particularly in developed areas, are driving the expansion of this market. According to the American Pet Products Association (APPA), pet owners in the United States would spend around USD 34.3 billion on veterinarian care in 2021.
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Emergen Research has segmented the global animal wound care market on the basis of product, animal type, end-use, and region:
· Product Outlook (Revenue, USD Million; 2019-2030)
- Surgical Wound Care
- Advanced Wound Care
- Traditional Wound Care
· Animal Type Outlook (Revenue, USD Million; 2019-2030)
- Companion
- Livestock
· End-Use Outlook (Revenue, USD Million; 2019-2030)
- Veterinary Hospitals and Clinics
- Homecare
- Academic Research Institutes
In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Animal Wound Care market.
Key Questions Answered in the Report:
What is the growth rate of the Animal Wound Care market? What is the anticipated market valuation of Animal Wound Care industry by 2030?
What are the key growth driving and restraining factors of the Animal Wound Care market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Animal Wound Care industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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