The global veterinary wound care market, valued at USD 1.2 billion in 2023, is on track to experience significant growth, projected to reach USD 2.8 billion by 2033. This growth is being fueled by advancements in veterinary medicine, a rising awareness of pet health, and the increasing adoption of specialized wound care products.
Among the product categories, surgical wound care products have emerged as the dominant segment, accounting for over 61.0% of the market share in 2022. This segment is expected to continue its leadership, growing at a compound annual growth rate (CAGR) of nearly 8.5% over the forecast period from 2023 to 2033.
“The veterinary wound care market is poised for robust expansion as pet owners and veterinary professionals seek more effective solutions for treating wounds and injuries in animals,” said FMI. “Surgical wound care products, in particular, are seeing high demand due to their ability to support faster recovery times and improve overall animal welfare.”
Key factors contributing to the market’s growth include an increasing focus on pet health, rising veterinary care standards, and the development of advanced wound care technologies. Additionally, the growing trend of pet ownership across the globe is expected to drive further demand for specialized products tailored to animal health needs.
As the market continues to evolve, companies are investing in innovative solutions to meet the rising demands for more effective and sustainable wound care treatments in veterinary practices.
Key Takeaways from Market Study:
- By product, surgical wound care products accounts for USD 693.8 million in 2022 owed to increased frequency of post-surgical wounds and growing demand for wound care and healing products.
- By animal type, companion animal accounts for USD 725.5 Million in 2022, due to the high adoption and increasing population of companion animals.
- Veterinary hospitals & clinics held more than 2% of the global market share in 2022 owed to provision of specialized care in hospitals and clinics.
- By region, North America held dominant share in world in 2022. The U.S. leads in this region with increasing initiatives by the governments and animal welfare associations and an increase in animal adoption and animal healthcare expenditure.
“Increasing spending on vet care and the higher expectation of care from the vets has led to rise in the standard of care” says an analyst of Future Market Insights.
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Market Competition
The veterinary wound care market is highly competitive, with key players including Ion Beam and Sumitomo Heavy Industries. These companies are constantly participating partnerships, award competition with their products and launching new products to gain a larger market share, with a focus on affordability, convenience, and effectiveness.
- In March 2021, SureKlot range of products was launched by Axio Biosolutions within its veterinary wound management segment. The product range is available in various forms to best suit the wound needs- these include powder, gauze, patch, and spray.
Key Companies Profiled:
Elanco; Virbac; Medtronic; B Braun; Jorgen Kruuse; Dechra Pharmaceuticals; Neogen Corporation; Ethicon; Sonoma Pharma; Jazz Medical; KAKEN PHARMACEUTICAL CO., LTD.; KOB GmbH
Key Market Segments Covered in the Veterinary Wound Care Industry Research:
By Product:
- Surgical
- Advanced
- Traditional
- Therapy Devices
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
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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