Increase in adoption of pets is a key factor driving the market revenue growth
Posted 4 месяцев назад in Новости и политика.
The global animal wound care market size reached USD 992.2 Million in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period, according to the latest analysis by Emergen Research. The American Society for the Prevention of Cruelty to Animals (ASPCA) estimates that 6.5 million dogs, cats, and other former pets are abandoned or misplaced and end up in shelters. However, only 3.2 million of these animals get adopted, and many returns to shelters after less than a year. Many shelters want volunteers to temporarily house dogs to free up room in the facility and allow the dogs to demonstrate how they would behave in a home environment. The majority of pets in shelters were brought there due to a significant lack of cheap, pet-friendly housing and access to medical care, both of which will necessitate long-term and systemic reform. Caring for a pet may provide you with a sense of purpose and fulfillment while also alleviating emotions of loneliness.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Animal Wound Care market include:
Medtronic plc, 3M Company, B.Braun SE, Virbac, Johnson and Johnson Services, Inc., Advancis Veterinary Ltd, Neogen Corporation, PrimaVet Inc., KeriCure Inc., and Innovacyn, Inc
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Animal Wound Care market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
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Animal Wound Care Market Segmentation:
Animal Wound Care Market Segmentation by Regions:
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