The global animal wound care market is estimated to reach nearly US$ 590 Mn by 2017 end and the market is expected to reach about US$ 1,013 Mn by the end of 2025, reflecting a CAGR of 7.0% over the forecast period.
Albany, NY -- (SBWIRE) -- 09/29/2017 -- The market for animal wound care is estimated to grow in the coming years. This advancement is primarily due to the growth in the pet veterinary industry focused at livestock and companion animals. To study further about the animal wound care market, a new study has been added to the broad archive managed at Market Research Reports Search Engine (MRRSE). This research report is titled "Global Market Study on Animal Wound Care: North America to Remain the Largest Regional Market Through 2025", which discourses details about the market trends, improvements, and growth factors in the near future.
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According to prime research statistics, the global animal wound care market is estimated to reach a value of US$ 590 Mn by 2017 end and by 2025 it is likely to acquire close to US$ 1,013 Mn. This reflects a CAGR of 7.0% over the forecast period (2017–2025). The research report starts with the executive summary that covers knowledge about market overview and market analysis. Further, market definition and market taxonomy details are offered to enlighten the readers about the motive of this study. Other useful facets such as macro-economic factors, opportunity analysis, and porter's analysis are also available in this smart study.
Based on geographical reach, the market for animal wound care is divided into North America, Europe, Latin America, Middle East & Africa and Asia Pacific. As per research findings, North America dominated the global animal wound care market in terms of revenue in 2016. Further, this region is projected to continue this excellent growth track during the forecast period. Interestingly, North America also emerges as the most attractive market with an attractiveness index of 1.3 during the period until 2025. Europe is likely to be the second most lucrative market, registering an attractiveness index of 1.1 followed by Latin America projected to book a market attractiveness index of 0.5 (2017-2025).
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The global animal wound care market is segmented into different classes for a specific evaluation. These aspects include product type and end-user. Based on product, the market is bifurcated into surgical wound care, traditional wound care, and advanced wound care. Further, on the basis of end-user, veterinary hospitals, veterinary clinics, and home care are the prime divisions. The concluding part of the report highlights the competitive landscape of the global animal wound care market. This section constitutes information on the different leading companies operating in the targeted market. Some of the major companies include B. Braun Melsungen AG, Smith & Nephew Plc, Bayer AG, Johnson & Johnson (Ethicon), Dechra Pharmaceuticals etc.
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