Animal Wound Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global animal wound care market is set for significant expansion, with estimates indicating that it will reach nearly US$ 2.5 billion by the end of 2031. This growth represents a substantial increase from the anticipated US$ 1.2 billion in 2024, reflecting a compound annual growth rate (CAGR) of 11.0% over the forecast period from 2024 to 2031.

Key Factors Fueling Market Growth

Increasing Consumer Spending on Veterinary Care

The pet veterinary industry has evolved considerably from its origins in livestock care. Today, pets are regarded more as family members or companions rather than mere property. This shift in perception has led to pets receiving the same emotional and medical care as other family members. Technological advancements initially developed for human medical care are now being applied to pets, enhancing the quality of veterinary services. According to the American Animal Hospital Association (AAHA), a significant majority of pet owners view themselves as their pets' parents. This deep affection for pets is reflected in the substantial investment in veterinary care, underscoring the growing importance of pets in people's lives.

Corporate Acquisitions of Established Pet Hospitals

Corporate acquisitions are reshaping the landscape of pet hospitals. Bloomberg reports that corporations own between 15% and 20% of America's 26,000 pet hospitals. Additionally, consolidators are actively acquiring counterparts, emulating the model established by Veterinary Centers of America (VCA). For instance, National Veterinary Associates, a chain of 250 hospitals, was acquired by Ares Management, and the Ontario Teachers' Pension Plan purchased a pet hospital group. VCA has also invested significantly in acquiring hospital groups, consolidating them for resale. Mars, a major player in the industry, has expanded its portfolio by acquiring two hospital groups, adding more than 100 clinics to its existing network of 950 locations.

Challenges in Affording Advanced Veterinary Care

Advances in veterinary care have significantly increased costs in recent years. For example, the treatment for a torn Anterior Cruciate Ligament (ACL) has become much more expensive. This figure does not include the additional costs of diagnostic testing, which can further add to a pet owner's bill. MRI has become a common diagnostic tool in many hospitals across the country, used for treating conditions like cancer and injuries. While MRI is an invaluable diagnostic tool, its high cost can be prohibitive for many pet owners, making it difficult for them to afford the necessary surgeries or treatments following the test.

Regional Market Attractiveness

North America

North America dominated the global animal wound care market and is expected to remain the most attractive market with an attractiveness index of 1.3 during the forecast period. The region's high pet ownership rates and advanced veterinary care infrastructure contribute significantly to this dominance.

Europe

Europe is projected to be the second most lucrative market, with an attractiveness index of 1.1. The region's growing pet population and increasing awareness about pet health are driving market growth.

Latin America and MEA

Latin America has an attractiveness index of 0.5, while the Middle East and Africa (MEA) region is anticipated to record the highest regional CAGR. The growing adoption of pets and improving veterinary infrastructure in these regions are key factors contributing to market growth.

Shift in Veterinary Care Standards

Veterinary care standards have significantly evolved. In the past, many private veterinarians lacked advanced diagnostic tools like X-ray machines, and routine blood work for pets was uncommon. Today, higher expectations from pet owners and advancements in medical science have raised the standard of veterinary care. Many animal shelters have expanded their services to offer comprehensive medical care, further driving demand for quality animal wound care products.

1. Executive Summary

1.1. Global Animal Wound Care Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Economic Overview
- 2.6.1. World Economic Projections
2.7. PESTLE Analysis

3. Global Animal Wound Care Market Outlook, 2018 - 2031

3.1. Global Animal Wound Care Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Surgical Wound Care
    - 3.1.1.1.1. Sutures
    - 3.1.1.1.2. Staples
    - 3.1.1.1.3. Tissue Adhesives & Glues
  - 3.1.1.2. Traditional Wound Care
    - 3.1.1.2.1. Tapes
    - 3.1.1.2.2. Bandages
    - 3.1.1.2.3. Absorbents
  - 3.1.1.3. Advanced Wound Care
    - 3.1.1.3.1. Film Dressings
    - 3.1.1.3.2. Foam Dressings
    - 3.1.1.3.3. Hydrogel Dressings
    - 3.1.1.3.4. Hydrocolloid Dressings
3.2. Global Animal Wound Care Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Veterinary Hospitals
  - 3.2.1.2. Veterinary Clinics
  - 3.2.1.3. Home Care
3.3. Global Animal Wound Care Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Animal Wound Care Market Outlook, 2018 - 2031

4.1. North America Animal Wound Care Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Surgical Wound Care
    - 4.1.1.1.1. Sutures
    - 4.1.1.1.2. Staples
    - 4.1.1.1.3. Tissue Adhesives & Glues
  - 4.1.1.2. Traditional Wound Care
    - 4.1.1.2.1. Tapes
    - 4.1.1.2.2. Bandages
    - 4.1.1.2.3. Absorbents
  - 4.1.1.3. Advanced Wound Care
    - 4.1.1.3.1. Film Dressings
    - 4.1.1.3.2. Foam Dressings
    - 4.1.1.3.3. Hydrogel Dressings
    - 4.1.1.3.4. Hydrocolloid Dressings
4.2. North America Animal Wound Care Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Veterinary Hospitals
  - 4.2.1.2. Veterinary Clinics
  - 4.2.1.3. Home Care
4.3. North America Animal Wound Care Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Animal Wound Care Market Outlook, 2018 - 2031

5.1. Europe Animal Wound Care Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Surgical Wound Care
    - 5.1.1.1.1. Sutures
    - 5.1.1.1.2. Staples
    - 5.1.1.1.3. Tissue Adhesives & Glues
  - 5.1.1.2. Traditional Wound Care
    - 5.1.1.2.1. Tapes
    - 5.1.1.2.2. Bandages
    - 5.1.1.2.3. Absorbents
  - 5.1.1.3. Advanced Wound Care
    - 5.1.1.3.1. Film Dressings
    - 5.1.1.3.2. Foam Dressings
    - 5.1.1.3.3. Hydrogel Dressings
    - 5.1.1.3.4. Hydrocolloid Dressings
5.2. Europe Animal Wound Care Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Veterinary Hospitals
  - 5.2.1.2. Veterinary Clinics
  - 5.2.1.3. Home Care
5.3. Europe Animal Wound Care Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Animal Wound Care Market Outlook, 2018 - 2031

6.1. Asia Pacific Animal Wound Care Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Surgical Wound Care
    - 6.1.1.1.1. Sutures
    - 6.1.1.1.2. Staples
    - 6.1.1.1.3. Tissue Adhesives & Glues
  - 6.1.1.2. Traditional Wound Care
    - 6.1.1.2.1. Tapes
    - 6.1.1.2.2. Bandages
    - 6.1.1.2.3. Absorbents
  - 6.1.1.3. Advanced Wound Care
    - 6.1.1.3.1. Film Dressings
    - 6.1.1.3.2. Foam Dressings
    - 6.1.1.3.3. Hydrogel Dressings
    - 6.1.1.3.4. Hydrocolloid Dressings
6.2. Asia Pacific Animal Wound Care Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Veterinary Hospitals
  - 6.2.1.2. Veterinary Clinics
  - 6.2.1.3. Home Care
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Animal Wound Care Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Animal Wound Care Market Outlook, 2018 - 2031

7.1. Latin America Animal Wound Care Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Surgical Wound Care
    - 7.1.1.1.1. Sutures
    - 7.1.1.1.2. Staples
    - 7.1.1.1.3. Tissue Adhesives & Glues
  - 7.1.1.2. Traditional Wound Care
    - 7.1.1.2.1. Tapes
    - 7.1.1.2.2. Bandages
    - 7.1.1.2.3. Absorbents
  - 7.1.1.3. Advanced Wound Care
    - 7.1.1.3.1. Film Dressings
    - 7.1.1.3.2. Foam Dressings
    - 7.1.1.3.3. Hydrogel Dressings
    - 7.1.1.3.4. Hydrocolloid Dressings
7.2. Latin America Animal Wound Care Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Animal Wound Care Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Animal Wound Care Market Outlook, 2018 - 2031

8.1. Middle East & Africa Animal Wound Care Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Surgical Wound Care
    - 8.1.1.1.1. Sutures
    - 8.1.1.1.2. Staples
    - 8.1.1.1.3. Tissue Adhesives & Glues
  - 8.1.1.2. Traditional Wound Care
    - 8.1.1.2.1. Tapes
    - 8.1.1.2.2. Bandages
    - 8.1.1.2.3. Absorbents
  - 8.1.1.3. Advanced Wound Care
    - 8.1.1.3.1. Film Dressings
    - 8.1.1.3.2. Foam Dressings
    - 8.1.1.3.3. Hydrogel Dressings
    - 8.1.1.3.4. Hydrocolloid Dressings
8.2. Middle East & Africa Animal Wound Care Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Veterinary Hospitals
  - 8.2.1.2. Veterinary Clinics
  - 8.2.1.3. Home Care
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Animal Wound Care Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Animal Wound Care Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Animal Wound Care Market by End User, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. By Product vs by End User Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. B. Braun Melsungen AG
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Therapy Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Medtronic Plc
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Therapy Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. 3M Company
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Therapy Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Johnson & Johnson (Ethicon)
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Therapy Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Smith & Nephew Plc
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Therapy Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Bayer AG
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Therapy Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Virbac S.A.
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Therapy Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Ceva Sant' Animale
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Therapy Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. de Biogenesis Bago
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Therapy Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Acelity L.P. Inc.
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Therapy Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. Others
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Therapy Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development

10. Appendix

10.1.Research Methodology
10.2.Report Assumptions
10.3.Acronyms and Abbreviations