Animal Wound Care Market Rising Trends, Demands and Business Outlook 2022-2029

Globally, pet adoption rates and the trend of keeping companion animals is growing rapidly. Against this backdrop, the demand for several veterinary products is also amplifying. Moreover, many people are actively trying to adopt, or help strays which are sick or have suffered serious injuries. As the medical science for animal care undergoes more advancements and breakthroughs, highly effective medications are being developed in the industry. The global animal wound care market is expected to grow at a promising pace in the foreseeable future. The demand for animal protein for wound care is also increasing alongside products specifically for bovine care. The explosion in the number of domesticated cats and dogs is a key factor behind this market’s steady growth.

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Booming Companion Animal Adoption Upholds Animal Wound Care Market

Of late, several socioeconomic factors have made adopting animals more viable than before. Rising disposable incomes of the urban population have allowed more people to keep pets. The trend of keeping companion animals is gaining notable traction as it’s associated with better health outcomes. Relieving cardiac arrhythmia, normalising blood pressure, reducing anxiety, and enhancing psychological stability are some of the benefits of keeping companion animals. In such a business landscape, the rate of adopting pet animals is expected to reach greater heights across the globe. Due to this, the global animal wound care market is forecasted to thrive in the projection period.

Animal Wound Care Market to Benefit from Paced Demand for Pet-oriented Insurance

As pets become a more integral part of people’s lives, the overall expenditure on improving their lives is set to skyrocket. People are actively spending heavily on pet toys, diets, play areas, clothing, skincare, and health. In such a business landscape, the global animal wound care market is poised to grow at a prolific pace in the coming years. The demand for pet food, veterinary treatment, over-the-counter drugs, pet insurance coverage, and other companion pet diagnostic services is growing. Pet focus healthcare and insurance industries are expected to quickly gain robust momentum across both developed and developing economies in the forecast period.

North America to Lead Global Animal Wound Care Market on Account of High Pet Adoption

North America has some of the highest pet adoption rates and outreach of veterinary care in the world. This is primarily aiding the region’s leadership position in the animal wound care market. The market is thriving due to growing animal care product sales in major economies including the USA and Canada. The presence of reputable animal care organisations, growing awareness, and a healthy reimbursement structure is also helping the region sustain its market leadership in the study period. Meanwhile, Asia Pacific is also showcasing promise due to its healthy agriculture and animal farming industries.

Leading Market Players

The key players in the animal wound care market include Medtronic PLC (Ireland), Elanco Animal Health (US), Dechra Pharmaceuticals (UK), Jorgen Kruuse A/S (Denmark), Virbac (France), Care-Tech Laboratories, Inc. (US), Sentrx Animal Care (US), Mila International, Inc (US), B. Braun Melsungen AG (Germany), Jazz Medical, LLC (Ireland), Neogen Corporation (US), Smith Nephew PLC (UK), Prima-Vet Inc. (US), Advancis Veterinary (UK), Kericure Inc. (US), Robinson Healthcare (UK), Sonoma Pharmaceuticals Inc. (US), Ethicon, Inc. (US), and McCord Research, Inc (US).

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