LONDON–(BUSINESS WIRE)–Technavio has been monitoring the animal wound care market and it is poised to grow by USD 661.63 mn during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Rising awareness about animal healthcare is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 4.11% and the incremental growth of the market is anticipated to be $ 661.63 million.
Who are the top players in the market?
3M Co., B. Braun Melsungen AG, Biogenesis Bago SA, Ceva Sante Animale, Indian Immunologicals Ltd., Johnson & Johnson, Medtronic Plc, Phibro Animal Health Corp., Vetoquinol SA, and Virbac Group, are some of the major market participants.
What is the key market driver?
The increase in pet ownership is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute 33% of the market share
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., B. Braun Melsungen AG, Biogenesis Bago SA, Ceva Sante Animale, Indian Immunologicals Ltd., Johnson & Johnson, Medtronic Plc, Phibro Animal Health Corp., Vetoquinol SA, and Virbac Group are some of the major market participants. The increase in pet ownership will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Animal Wound Care Market 2020-2024: Segmentation
Animal Wound Care Market is segmented as below:
Surgical Wound Care
Traditional Wound Care
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Animal Wound Care Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The animal wound care market report covers the following areas:
Animal Wound Care Market Size
Animal Wound Care Market Trends
Animal Wound Care Market Industry Analysis
This study identifies rising awareness about animal healthcare as one of the prime reasons driving the animal wound care market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Animal Wound Care Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist animal wound care market growth during the next five years
Estimation of the animal wound care market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the animal wound care market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of animal wound care market, vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Surgical wound care – Market size and forecast 2019-2024
Traditional wound care – Market size and forecast 2019-2024
Market opportunity by Application
North America – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
APAC – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver – Demand led growth
Volume driver – Supply led growth
Volume driver – External factors
Volume driver – Demand shift in adjacent markets
Price driver – Inflation
Price driver – Shift from lower to higher-priced units
Market positioning of vendors
B. Braun Melsungen AG
Biogenesis Bago SA
Ceva Sante Animale
Indian Immunologicals Ltd.
Johnson & Johnson
Phibro Animal Health Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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