Animal wound care products are medications used for the treatment of different injuries in animals. Animal wound care contains different products such as gel, sprays, dressing, and bandages. In the recent past, various advanced wound care products such as foam dressings, hydrocolloid dressings, film dressings, and hydrogel dressings has been launched in the market. Increasing trend of adopting pets is expected to increase demand for wound care products, which creates a conducive environment for growth of the market.
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For instance, according to data published by American Pet Products Association in 2016, around 85.8 Mn cats and 78 Mn dogs are owned by people in the U.S. and around 44% of all households in the U. S. have a dog and 35% have a cat.
Low presence of veterinary clinics and hospitals in some rural areas in emerging countries such as India and China is expected to be a major restraining factor for growth of the global animal wound care market. This low presence of veterinary clinics and hospitals limits the access to treatment, and hence, is expected to negatively affect growth of this market.
Key players in the market are involved in strategic acquisitions, in order to enhance its products portfolio. For instance, in 2014, Eli Lilly and Company acquired animal health unit of Novartis AG for US$ 5.4 Bn. Furthermore, key players are focusing on rapid product launches in market, in order to remain competitive. For instance, in 2013, Innovacyn Inc. enhance its Vetericyn line of products with the launch of its new– a four-ounce Reptile Wound & Skin Care spray. The spray is used for all reptiles of all ages to clean wounds and manage cuts.
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Key players operating in animal wound care market include Eli Lilly and Company, B. Braun Melsungen AG, Medtronic plc. 3M Company, Ethicon Inc., Virbac, Jorgen Kruuse A/S, Neogen Corporation, Acelity L.P. Inc., Bayer AG, Advancis Veterinary Ltd., and Robinson Healthcare.
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