Global Animal Wound Care Market Analysis
Overview
Animal wound care products are medicines that are used to treat various injuries in animals. Wound treatment for animals includes a variety of items such as gel, sprays, dressings, and bandages. Various sophisticated wound care treatments have recently been introduced to the market, including foam dressings, hydrocolloid dressings, film bandages, and hydrogel ointments. The rising trend of pet adoption is projected to boost demand for wound care products, creating a favorable environment for the expansion of the global animal wound care market. According to figures provided by the American Pet Products Association in 2016, residents in the U.S. own 85.8 million cats and 78 million dogs, with 44 percent of all households having a dog and 35 percent having a cat.
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Drivers
Increased approvals and releases of innovative animal wound care products are projected to drive the global animal wound care market forward. Elanco Animal Health, a division of Eli Lilly and Company, introduced a new Vulketan, a POM-V sterile topical gel for horse wound healing, in 2014. Puricore, Inc. introduced the NovaZo Animal Health Wound Irrigation Solution in 2013. The global animal wound care market development is also anticipated to be fueled by strategic acquisitions and mergers by large animal wound care firms. Manna Pro Products, LLC purchased Cut-Heal, a Texas-based animal wound treatment firm, in 2013. Manna Pro Solutions expanded its product line with Cut-Heal animal wound care products as a result of this strategic purchase.
Regional Insights
During the forecast period, North America is projected to dominate the global animal wound care market. This is due to key players’ fast introductions of innovative wound care products in the region. Suneris, Inc., a firm located in the U.S., introduced its innovative product, VETIGEL, in 2015. VETIGEL is a plant-based serum that works in less than 12 seconds to halt serious bleeding. During the forecast period, Europe is projected to develop significantly in the global animal wound care market. This expansion can be ascribed to the region’s regular product releases. Innovacyn, Inc. introduced its Vetericyn Wound & Skin Care spray at the Interzoo conference in Germany in 2014.
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Restraint
The scarcity of veterinary clinics and hospitals in some rural parts of growing nations like India and China is projected to be a key stumbling block to the global animal wound care market’s expansion. Due to the dearth of veterinary clinics and hospitals, access to treatment is limited, and the global animal wound care market’s growth is estimated to be hampered.
Competitive Landscape
Major companies contributing in the global animal wound care market are Ethicon Inc., 3M Company, Neogen Corporation, Medtronic plc., B. Braun Melsungen AG, Eli Lilly and Company, Robinson Healthcare, Advancis Veterinary Ltd., Bayer AG, Acelity L.P. Inc., Jorgen Kruuse A/S, and Virbac.
Strategic deals are being made by key industry participants in order to expand their product offering. Eli Lilly and Company purchased Novartis AG’s animal health segment for US$ 5.4 billion in 2014. In order to stay competitive, prominent businesses are also focused on quick product introductions in the industry.
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• Current and future of global Animal Wound Care market outlook in the developed and emerging markets
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• The latest developments, market shares, and strategies that are employed by the major market players
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Table of Content
Global Animal Wound Care Market Research Report
Section 1: Global Animal Wound Care Industry Overview
Section 2: Global Economic Impact on Animal Wound Care Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Animal Wound Care Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Animal Wound Care Market Forecast
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