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Animal Wound Care Market by Product Animal & End User - Global Forecast to 2021

Animal Wound Care Market: Global Forecast until 2021

  • November 2016
  • 254 pages
  • ID: 4360125
In this report:
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Summary

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The overall animal wound care market is forecasted to grow at a compound annual growth rate (CAGR) of 6.70 percent from 2016 to 2021, to attain $1134.00M by 2021 from $818.80M in 2016. The rise of this market is essentially attributed to growing demand for pet insurance and increasing animal healthcare expenditure, growing companion animal population, and increase in the number of veterinary practitioners in developed countries. Untapped emerging sectors offer significant increase opportunities for actors operating in the overall animal wound care market. Nevertheless, growing pet care costs are anticipated to restrain the increase of this market. Low adoption of advanced wound care products and shortage of vet practitioners in emerging industries are the main challenges for this market.

On the basis of products, the surgical wound care products segment recorded for the biggest share of the animal wound care market in 2015, owing to growing number of veterinary conditions requiring surgeries, adoption of surgical products including sutures and staplers for wound closure, and growing pet adoption with increasing pet care expenditure. On the other hand, advanced wound care products segment is anticipated to grow at a more significant Compound annual growth rate during the forecasted

period owing to increasing adoption of advanced wound care products over the traditional wound care products by veterinarians.

On the basis of animal type, in 2015, companion animals segment recorded for most important share of overall animal wound care market. The big share of this segment can be connected to the increasing companion animal population, growing pet care expenditure, and increasing demand for pet insurance across the world. Equivalently, on the basis of class of end-user, hospitals and clinics segment recorded for the biggest share of overall animal wound care market in 2015.

In 2015, North America continent commanded a main share of the animal wound care market. This is primarily due to the rising adoption of pet animals, increasing pet insurance sector, and increasing veterinary healthcare expenditure in the territory. Nevertheless, Asia Pacific (APAC) is anticipated to witness the more important increase rate during the outlook period. Increase in the APAC market can be accredited to presence of huge number of domesticated animals, growing awareness about animal health, and increasing per capita animal health expenditure in India (IN) and China (CN).

Some of the prominent actors in the animal wound care market contain 3M Company (NYSE:MMM), Medtronic (NYSE:MDT), B Braun Melsungen AG, Ethicon Inc., Virbac, Jorgen Kruuse A/S, Neogen Corporation, Bayer (ETR:BAYN), Acelity L.P. Inc., Advancis Veterinary Ltd., and Robinson Healthcare Limited.

Segment Research

The analysis examines the wound care products for the animal use. It aims at evaluating the market value and future increase potential of the animal wound care market for distinct segments including products, animal types, final users, and localities. The market research also comprises a detailed competitive analysis of the top players in this sector together with their company descriptions, product offerings, latest developments, and key industries strategies.

Why Purchasing This Study Can Help You:

The industry report will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations in garnering a greater market share. Companies obtaining the study could use any one or combination of the below-mentioned five strategies (sector entry, product improvement/innovative projects, sector development, business diversification, and opposing assessment) for rising their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the product types provided by the top actors in the animal wound care market. The market research examines the animal wound care market by product, animal type, end-user type, and area

- Product improvement/Innovative products: In-depth understanding on the next trends, analysis and growth activities, and recent product launches in the animal wound care market

- Industry development: Highlighted information about profitable emerging sectors by product and area

- Industry diversification: Complete information about recent products, increasing geographies, recent evolutions, and market investments in the animal wound care market

- Opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the animal wound care market

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