Latin America Animal Wound Care Market Size & Outlook
Latin America animal wound care market, 2018-2030 (US$M)
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Latin America animal wound care market highlights
- The Latin America animal wound care market generated a revenue of USD 177.6 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, surgical wound care products was the largest revenue generating product in 2023.
- Therapy Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 177.6 million |
| Market revenue in 2030 | USD 292.9 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Surgical wound care products |
| Fastest growing segment | Therapy Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Wound Care Products, Advanced Wound Care Products, Traditional Wound care Products, Therapy Devices |
| Key market players worldwide | B. Braun, Medtronic PLC, 3M Co, Johnson & Johnson, Virbac SA, Neogen Corp, ADA Animal Hospital, Innovacyn, Vernacare |
Other key industry trends
- In terms of revenue, Latin America region accounted for 15.6% of the global animal wound care market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 358.1 million by 2030.
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Animal Wound Care Market Scope
Animal Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America animal wound care market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to animal wound care market will help companies and investors design strategic landscapes.
Surgical wound care products was the largest segment with a revenue share of 42.68% in 2023. Horizon Databook has segmented the Latin America animal wound care market based on surgical wound care products, advanced wound care products, traditional wound care products, therapy devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American animal wound care market is expected to grow at a CAGR of 8.22% during the forecast period. The major factors propelling regional growth are the large pet population, humanization of pets, improving veterinary healthcare infrastructure, and rising incidence of health disorders in animals, which may result in surgical involvement. Unlike European markets, this region prefers the dogs as pets over cats.
According to the Pet Food Industry 2021, the estimated pet population in the region was 45 million cats and 120 million dogs. Moreover, according to an online survey, around 80% of Brazil & Argentina’s population owns a pet. In addition, increasing government funding & support for animal healthcare in the countries, such as Brazil, further contribute to market growth.
The presence of untapped opportunities, developing economies, rising animal healthcare awareness, and availability of insurance policies for animals are some of the other factors that can be accounted for in the growth of this region. The five largest markets in the Latin America are Mexico, Brazil, Argentina, Chile, and Colombia.
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Our clientele includes a mix of animal wound care market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America animal wound care market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America animal wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America animal wound care market size, by country, 2018-2030 (US$M)
Latin America Animal Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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