(PharmaNewsWire.Com, January 26, 2018 ) The Animal Wound Care Market accounted to USD 500.09 million in 2016 growing at a CAGR of 6.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Also the Global Animal Wound Care Market, By Product Type (Surgical (Suture, Sealant, Glue) Advanced (Film, Foam, Hydrogel, Hydrocolloid dressing) Traditional (Dressing, Bandage, Absorbent, Tape) & NPWT Device]), By Animal (Companion, Livestock), By End-Users (Hospitals and Clinics, Home Care), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)- Industry Trends and Forecast to 2024.
Animal wound care are used in veterinary practice and traumatic or in surgical procedure. The introduction of platelet-rich plasma (PRP) in animal wound dressing has proven to be beneficial. PRP is a natural treatment for osteoarthritis in dogs.
Major Market Drivers and Restraints: Animal Wound Care Market
Increase in pet ownership
Increasing investments
Increasing number of veterinary practitioners
Rise in income levels in developed economies
Rising awareness about animal health.
Market Segmentation: Animal Wound Care Market
By product type the animal wound care market is segmented into Surgical, traditional, and NPWT Device. The surgical segment is further segmented into Suture, Sealant, Glue. The traditional segment is further segmented into Dressing, Bandage, Absorbent, Tape. The advanced segment is further segmented into Foam Dressings, Hydrocolloid Dressings, Film Dressings, Hydrogel Dressings, Other Advanced Wound Dressings.
On the basis of animal type the market is segmented into Companion, Livestock segments. The companion segment is further segmented into Dogs, Cats, Horses.
On the basis of end-users the animal wound care market is segmented into Hospitals and Clinics, Home Care.
On the basis of geography, animal wound care market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The animal wound care market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of animal wound care market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Animal Wound Care Market
Some of the major players operating in animal wound care market are B Braun Melsungen AG, Dechra Pharmaceuticals, 3M Company, ECO Animal Health, Norbrook, Medtronic plc, Phibro Animal Health, Ethicon Inc., Virbac, Jorgen Kruuse A/S, Neogen Corporation, Bayer AG, Acelity L.P. Inc., Advancis Veterinary Ltd., and Robinson Healthcare Ltd. among others
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