The study on the Global Animal Wound Care Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Animal Wound Care Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Animal Wound Care industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Animal Wound Care industry
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.
Rising demand for pet insurance is another key factor contributing to the market revenue growth. the pet insurance policy is one of the newest insurance plans for the care of pets. This programme pays for the veterinarian costs associated with treating an ill or injured pet. Some pet insurance policies also cover the loss or death of the covered animal. This aids pet owners in reducing the likelihood that their animals will require expensive medical care and in ensuring that they receive the finest care possible. The costs of both serious and small diseases, such as cancer, arthritis, hypothyroidism, ear infections, digestive issues, and Urinary Tract Infections (UTIs), can be covered under illness coverage. It can pay for anything from the cost of diagnosing the illness to the therapies required to get the pet well.
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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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