The global veterinary wound cleansers market is experiencing a surge in demand, with a projected Compound Annual Growth Rate (CAGR) of 10.2% over the next decade, according to a recent report by Future Market Insights. This translates to a market value reaching a staggering US$ 488.2 million by 2033, compared to US$ 185.2 million in 2023.
This growth is attributed to a confluence of factors, including:
- Increasing Incidence of Animal Diseases: With a rise in animal diseases, the demand for effective wound management solutions is escalating.
- Growing Government Investment in Animal Health R&D: Governments are allocating more resources towards research and development in animal disease management, including wound care.
- Impact of Foot and Mouth Disease (FMD): The spread of FMD, particularly among cattle, sheep, and pigs, creates a significant need for specialized wound cleansers due to the painful lesions associated with the disease. A 2019 study published in Viruses Journal highlighted the vulnerability of young animals to FMD, emphasizing the importance of effective wound management to prevent secondary infections and promote healing.
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Addressing the Specific Needs of FMD:
The widespread prevalence of FMD underscores the critical role veterinary wound cleansers play in animal health and economic well-being within the livestock industry. Manufacturers are recognizing this growing demand and are actively developing solutions that cater to the specific wound care requirements associated with FMD.
This surge in the veterinary wound cleansers market signifies a growing commitment to animal health and well-being. By providing innovative and effective wound management solutions, the industry is positioned to play a crucial role in safeguarding the health of animals across the globe.
Key Takeaways from Market Study:
- By animal type, companion animal contributed around US$ 105.1 Million in 2022. Due to expanding pet ownership rates and increasing spending on pet healthcare, the companion animal segment dominates the market for veterinary wound cleansers.
- By end user, veterinary hospitals & clinics contributed around US$ 129.5 Million in 2022. A combination of their enormous patient base and specialized care, veterinary hospitals and clinics dominate the end user segment globally.
- By region, North America held dominant share in world in 2022 contributing around US$ 56.3 Million. Presence of modern veterinary medical facilities along with elevated adoption rates of wound cleansers, North America dominates the global market.
“The global market is expected to grow because of the rising prevalence of chronic wound diseases like FMD.” says an analyst of Future Market Insights.
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Market Competition:
The veterinary wound cleansers market is highly competitive, with key players including Elanco, Vetoquinol, Virbac, Innovacyn Inc., Axio Biosolutions Pvt Ltd, Jorgen Kruuse, Dechra Pharmaceuticals, Neogen Corporation, Ethicon, Sonoma Pharma, AMERX Health Care Corp. These companies are actively working towards collaborations with healthcare institutes for upgrading their research process as well as clinical trial process.
- In October 2022, Virbac and the World Small Animal Veterinary Association collaborated in order to assist the Reproduction Control Committee, giving global veterinarians access to the most up-to-date resources and information in the continuously growing field of reproduction control.
- In November 2021, Vetoquinol received European Commission approval to sell Felpreva for the prevention and treatment of mixed parasite infestations in cats.
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the veterinary wound cleansers market in its latest study, presenting a historical demand assessment of 2012 – 2022 and projections for 2023 – 2033. The global veterinary wound cleansers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader
The analysis is based on animal type (companion animal and livestock animal), by end user (veterinary hospitals & clinics, homecare and research institutes) across seven key regions around the world.
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Key Market Segments Covered in Veterinary Wound Cleansers Industry Research:
By Animal Type:
- Companion Animal
- Livestock Animal
By End User:
- Veterinary Hospitals & Clinics
- Homecare
- Research Institutes
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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