Market Overview:
The global compression veterinary bandage market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for compression veterinary bandages from hospital pharmacies, retail pharmacies and online pharmacies. In addition, the rising awareness about animal health and hygiene is also propelling the growth of this market. Based on type, long stretch or elastic bandages are expected to account for a larger share of the global compression veterinary bandage market in 2018. This can be attributed to their high elasticity which helps in providing better support and compression to animals’ limbs. By application, hospital pharmacy is estimated to account for a larger share of the global compression veterinary bandage market in 2018 owing to increased spending on animal healthcare by hospitals across regions.
Product Definition:
Compression Veterinary Bandage is a bandage used to compress an injured area. It is important to use a compression veterinary bandage because it helps reduce swelling and bleeding.
Long Stretch or Elastic Bandages:
Long stretch or elastic bandages are used in veterinary medicine for the compression of fractures, sprains and ligament injuries. They are also used to control bleeding from wounds caused by accidents, surgical procedures or disease. The long-lasting effect provided by these bandages is expected to drive their demand over the forecast period.
The growth factor for this market is increasing pet adoption along with rising concern among pet owners regarding their pets health.
Short Stretch or Low Elasticity Bandages:
Short stretch or low elasticity bandages are used in veterinary compression to help support and protect the injured part. These bandages are available as pre-cut, ready-to-use products or can be manufactured according to customized requirements. The short elasticity of these bandages helps in minimizing the swelling and inflammation around the injury site, which is helpful for animals that have been injured physically or mentally.
Application Insights:
The hospital pharmacy segment held the largest share of more than 60.0% in 2017. The application of compression bandages can be seen in various situations, such as limb injuries, orthopedic disorders, and soft tissue injuries. Compression bandages are also used for the treatment of shock and blood loss by constricting the hemorrhage or reducing blood flow from traumatic wounds respectively.
Regional Analysis:
North America dominated the global market in 2017. The growth is majorly attributed to the rising incidence of chronic diseases in pets and increasing pet adoption across U.S., Canada, and Mexico. According to APPA, there are around 65 million pets in the U.S., which accounts for approximately 22% of households with a population of around 132 million households nation wide (APPA 2018).
Asia Pacific is expected to witness lucrative growth during the forecast period owing to growing economy, high unmet needs of animals coupled with rising disposable income among people especially in developing countries such as India and China leading them adopt companion animals at an exponential rate (APPA 2018).
Growth Factors:
- Increasing demand for compression veterinary bandages due to their superior properties over traditional bandages.
- Rising awareness about the benefits of compression veterinary bandages among veterinarians and pet owners.
- Technological advancements in the manufacturing of compression veterinary bandages that improve their performance and durability.
- Growing number of small-scale manufacturers catering to the needs of regional markets, resulting in increased competition and lower prices for compression veterinary bandages.
Scope Of The Report
Report Attributes
Report Details
Report Title
Compression Veterinary Bandage Market Research Report
By Type
Long Stretch or Elastic Bandages, Short Stretch or Low Elasticity Bandages
By Application
Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
By Companies
EquiCrown, Merck, Millpledge Pharmaceuticals, Andover Healthcare, America's Acres, HARTMANN, Smith & Nephew, Medline, Lohmann & Rauscher, Better Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Compression Veterinary Bandage Market Report Segments:
The global Compression Veterinary Bandage market is segmented on the basis of:
Types
Long Stretch or Elastic Bandages, Short Stretch or Low Elasticity Bandages
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EquiCrown
- Merck
- Millpledge Pharmaceuticals
- Andover Healthcare
- America's Acres
- HARTMANN
- Smith & Nephew
- Medline
- Lohmann & Rauscher
- Better Medical
Highlights of The Compression Veterinary Bandage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Long Stretch or Elastic Bandages
- Short Stretch or Low Elasticity Bandages
- By Application:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compression Veterinary Bandage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compression veterinary bandages are a type of bandage that is used to help reduce the swelling and pain caused by injuries. They are made from materials such as cloth, paper, or plastic and are often wrapped around the injured area. Compression veterinary bandages can be used to help stop bleeding as well.
Some of the major players in the compression veterinary bandage market are EquiCrown, Merck, Millpledge Pharmaceuticals, Andover Healthcare, America's Acres, HARTMANN, Smith & Nephew, Medline, Lohmann & Rauscher, Better Medical.
The compression veterinary bandage market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compression Veterinary Bandage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compression Veterinary Bandage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compression Veterinary Bandage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compression Veterinary Bandage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compression Veterinary Bandage Market Size & Forecast, 2020-2028
4.5.1 Compression Veterinary Bandage Market Size and Y-o-Y Growth
4.5.2 Compression Veterinary Bandage Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Long Stretch or Elastic Bandages
5.2.2 Short Stretch or Low Elasticity Bandages
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital Pharmacy
6.2.2 Retail Pharmacy
6.2.3 Online Pharmacy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compression Veterinary Bandage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compression Veterinary Bandage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Long Stretch or Elastic Bandages
9.6.2 Short Stretch or Low Elasticity Bandages
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital Pharmacy
9.10.2 Retail Pharmacy
9.10.3 Online Pharmacy
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Long Stretch or Elastic Bandages
10.6.2 Short Stretch or Low Elasticity Bandages
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital Pharmacy
10.10.2 Retail Pharmacy
10.10.3 Online Pharmacy
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Long Stretch or Elastic Bandages
11.6.2 Short Stretch or Low Elasticity Bandages
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital Pharmacy
11.10.2 Retail Pharmacy
11.10.3 Online Pharmacy
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Long Stretch or Elastic Bandages
12.6.2 Short Stretch or Low Elasticity Bandages
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital Pharmacy
12.10.2 Retail Pharmacy
12.10.3 Online Pharmacy
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Long Stretch or Elastic Bandages
13.6.2 Short Stretch or Low Elasticity Bandages
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital Pharmacy
13.10.2 Retail Pharmacy
13.10.3 Online Pharmacy
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compression Veterinary Bandage Market: Competitive Dashboard
14.2 Global Compression Veterinary Bandage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EquiCrown
14.3.2 Merck
14.3.3 Millpledge Pharmaceuticals
14.3.4 Andover Healthcare
14.3.5 America's Acres
14.3.6 HARTMANN
14.3.7 Smith & Nephew
14.3.8 Medline
14.3.9 Lohmann & Rauscher
14.3.10 Better Medical
