In a recent published report, Kenneth Research has updated the market report for Animal Wound Care Market for 2024 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2024- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2024, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2024. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2024. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2024. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2024 till March 2024 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Animal Wound Care Market products.
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Kenneth Research has recently added a report titled Animal Wound Care Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2024 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Kenneth Research recently added a report on ‘Animal Wound Care Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Animal Wound Care Market, along with the compound growth rate (CAGR) of the market for a projected period between 2024 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Animal Wound Care Market Analysis
According to Market Research, the Global Animal Wound Care Market was valued at USD 0.90 million in 2017 and is projected to reach USD 1.48 billion by 2025, growing at a CAGR of 6.5% from 2018 to 2025.
What is Animal Wound Care?
Animal wound care is defined as the process that involves usage of products which helps in recovery of the damaged tissues and in the healing of the wounds. These wound care products causes clotting of the blood, undergoes structural restoration of injured tissues, and promotes healing. Animal wound care products have application in Hospitals & Clinics and Home Care. Rising demand for pet insurance along with growing animal health expenditure is stimulating the animal wound care market.
Global Animal Wound Care Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increasing demand for pet insurance, rising animal health expenditure, growing number of veterinary practitioners and rise in their income levels in developed economies have been driving the global animal wound care market. On the other hand, high cost of pet care might act as a restraint for the overall market at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Animal Wound Care Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Animal Wound Care Market Competitive Landscape
The “Global Animal Wound Care Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as B. Braun Melsungen AG, Medtronic plc, 3M Company, Ethicon Inc., Virbac, Jorgen Kruuse A/S, Neogen Corporation, Acelity L.P. Inc., Bayer AG, Advancis Veterinary Ltd., and Robinson Healthcare. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Animal Wound Care Market Segmentation, by Animal Type
• Companion Animals
o Dogs
o Cats
o Horses
o Others
• Livestock Animals
o Cattle
o Pigs
o Others
Global Animal Wound Care Market Segmentation, by End user
• Hospitals & Clinics
• Home Care
Global Animal Wound Care Market Segmentation, by Product
• Surgical Wound Care Products
o Sutures and Staplers
o Tissue Adhesives, Sealants, and Glues
• Advanced Wound Care Products
o Advanced Wound Dressings
o Others
• Traditional Wound Care Products
o Tapes
o Dressings
o Bandages
o Absorbents
o Others
• Therapy Devices
Global Animal Wound Care Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Market Research.
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