The global animal wound care market was valued at USD 1.08 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.92% over the forecast period. The market's expansion is driven by several factors, including the growing adoption of companion animals, increased demand for veterinary surgeries, and a rise in animal injury cases. For example, data from the U.S. Department of Transportation highlights that over 1 million animals die annually in road accidents, with many more suffering injuries. Additionally, higher veterinary visits and increasing pet insurance adoption are bolstering industry growth.

Pet Insurance and COVID-19 Impact:

Pet insurance has become a significant market driver. Trupanion, a pet insurance company, reported 1.3 million enrollments as of June 2022 and noted a 32% growth in the second quarter of 2021.

The COVID-19 pandemic, however, brought challenges. Nationwide lockdowns led to the postponement or cancellation of elective animal surgeries, reducing the number of postoperative wound cases. This situation adversely impacted the market during the pandemic's early stages. The Federation of Veterinarians of Europe (FVE) reported that many small and medium-sized veterinary businesses faced financial hardships, with veterinary healthcare revenue dropping by 50% in various European countries.

Despite these setbacks, the market showed signs of recovery in late 2020 and throughout 2021, aided by the resumption of veterinary services and the relaxation of COVID-19 restrictions.

Gather more insights about the market drivers, restrains and growth of the Global Animal Wound Care Market

Growing Demand for Advanced Wound Care:                                                                                          

The demand for animal protein and advancements in livestock wound care products are further fueling market growth. Companies like Santa Cruz Animal Health offer innovative products, such as topical hydrogel for cattle, contributing to this trend.

Injuries among companion animals, particularly dogs, are another critical factor driving the demand for veterinary wound care. Road accidents often cause severe trauma, including fractures, internal and external injuries, bleeding, and skin wounds. Immediate veterinary care for such injuries is essential, further underscoring the need for advanced wound care solutions.

Stringent government regulations regarding animal welfare also contribute to market growth. For instance, under Canada’s criminal code, it is illegal to intentionally neglect or harm an animal. Similarly, European federal laws mandate postoperative treatment for animals, ensuring compliance with animal welfare standards.

Animal Wound Care Market Regional Insights:

North America

North America led the global market in 2022, capturing over 32.3% of total revenue, driven by significant efforts from key players to enhance their product offerings with high-quality standards. However, during the pandemic, the CDC advised veterinarians to prioritize emergency cases and defer elective surgeries, leading to a temporary market decline.

Asia Pacific

The Asia Pacific region is expected to exhibit the fastest growth during the forecast period. Rising disposable incomes in the region encourage the adoption of companion animals, boosting market potential. Additionally, the growing awareness of livestock diseases and increasing adoption of pet insurance are expanding market opportunities.

Browse through Grand View Research's Animal Health Industry Research Reports.

Competitive Landscape:

The animal wound care market is highly competitive and fragmented. Leading players are focusing on balancing affordability and product quality to drive sales. Strategic initiatives such as acquisitions, partnerships, product launches, and research and development are helping companies enhance their market share.

For example, in September 2021, Neogen Corp. acquired CAPInnoVet, Inc., a companion animal health company specializing in pet medications. This acquisition allowed Neogen to enter the retail market and strengthen its position in the industry.

Animal Wound Care Players:

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