Animal Wound Care Market Slated to Cross US$ 1 Bn by 2025

Veröffentlicht von: Transparency Market Research
Veröffentlicht am: 22.01.2018 11:19
Rubrik: Handel & Wirtschaft


(Presseportal openBroadcast) - Pet humanization and increasing focus on maintaining health and well-being of animals continue to drive the growth of the animal wound care market. Changing lifestyle and increase in disposable incomes in emerging countries are also contributing to higher spending on animal healthcare. These factors are impacting the global animal wound care market, which is expected to grow at 7% CAGR through 2025.

The market is projected to reach around US$ 1013 Million by the end of 2025, up from US$ 590 Million in 2017.The global animal wound care market is segmented into product type, end user and region.

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Based on product, the overall market is sub-categorized as:

Advanced Wound Care

Hydrogel Dressings

Film Dressings

Hydrocolloid Dressings

Foam Dressings

Traditional Wound Care

Absorbents

Bandages

Tapes

Surgical Wound Care

Tissue Adhesives & Glues

Staples

Sutures

The surgical wound care segment is projected to be leading the market with a valuation of US$ 359.7 Million in 2017 and exhibiting a CAGR of 7.0% to attain US$ 616.8 Million by the end of 2025.

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In terms of end user, the market is segmented into home care, veterinary clinics and veterinary hospitals. During the forecast period, the veterinary clinics will remain the leading segment. It is projected to reach US$ 438.3 Million of market valuation by 2025-end, exhibiting a CAGR of 7.8%.

On the basis of region, the market is segmented into Europe, North America, Asia Pacific, Latin America and the Middle East & Africa. North America is the leading region in the worldwide market, which is projected for US$ 158.7 million, nearly 26.9% of total market share in 2017. It is slated to reach US$ 269.3 Million by 2025-end, witnessing a CAGR of 6.8% during 2017–2025. However, Europe is expected to reach US$ 207.6 million market valuation by 2025-end, registering a CAGR of 6.6%.

The leading players in the market include Neogen Corporation, Medtronic Plc, 3M, LLC, Smith & Nephew, Bayer, Virbac, McCord Research Ceva Sant` Animale, de Biogénesis Bagó, Ethicon US, (Pinnaclife Inc)Acelity L.P. Inc., Robinson Healthcare, B. Braun Melsungen AG, Advancis Veterinary Ltd, Huvepharma, SilverGlide, Jorgensen Labs, Innovacyn, Inc. (Vetericyn), SentrX Animal Care, Inc. and Dechra Pharmaceuticals.

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