Press release
Research Offers 10-Year Forecast on Compression Veterinary Bandages Market
Compression Veterinary Bandages Market: Drivers and Restraints
The global compression veterinary bandages market is expected to be driven by the increasing focus of people on taming their farm animals and pets. With the advancement in the technology, companies have developed compression veterinary bandages and products that stick to itself and does not require any extra substance. Development of advanced compression veterinary bandages and better care products is also expected to fuel the growth of the market. Rise in the number of companies that are manufacturing the products for animals care is also expected to drive the growth of compression veterinary bandages market. Rising trend of horse racing is also expected to drive the market of compression veterinary bandages as this helps to remove toxins and lymph fluid along with managing swelling as horse legs can swell after a long day of standing and racing.
Compression Veterinary Bandages Market: Segmentation
The global compression veterinary bandages market is segmented on the basis of product type, animal type, distribution channel and region.
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On the basis of product type the global compression veterinary bandages market can be segmented into:
Long Stretch or Elastic Bandages
Short Stretch or Low Elasticity Bandages
Multicomponent Multilayer Bandages
On the basis of animal type the global compression veterinary bandages market can be segmented into:
Companion Animals or Pets
Farm Animals
On the basis of distribution channel the global compression veterinary bandages market can be segmented into:
Retail Pharmacy
Online Pharmacy
Veterinary Clinics
Veterinary Hospitals
Compression Veterinary Bandages Market: Overview
The global compression veterinary bandages market is expected to show a significant growth over the forecast period. Rising horse racing craze among people is one the reason for the growth in compression veterinary bandages market. As after long day of standing and racing horse get tired, so compression veterinary bandages are used to reduce the swelling in the legs of horse by removing lymph fluid. Horses have about 8,000 lymph nodes making them more prone to the development of swelling. Increasing focus of owner on providing better care to their animals and commercialization of animal trading is also expected to drive the growth of compression veterinary bandages market as, owners want their animals to keep healthy. Companion animals segment is expected to show a better growth as people are emotionally attached to their pets leading to the higher growth in compression veterinary bandages market.
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Compression Veterinary Bandages Market: Region Wise Outlook
The global compression veterinary bandages market can be segmented into regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. Asia Pacific compression veterinary bandages market is dominating the global market as, this region has highest number of animals and animals trading is more common in the region. Asia Pacific excluding Japan is expected to continue to dominate the market of compression veterinary bandages market. Middle East and Africa region is also expected to show significant growth in compression veterinary bandages market as this region has trend of horse racing.
Compression Veterinary Bandages Market: Key Players
Some of the market participants in the global compression veterinary bandages market are, EquiCrown, Merck Sharp & Dohme Corp., Millpledge Pharmaceuticals, Andover Healthcare, Inc., and America's Acres Health & Safety Products. These companies are focusing on development of compression veterinary bandages specific for the animals such as, specialized bandages for horses.
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