Pressure Bandages Market size is slated to top US$ 217.2 Mn in 2022. Increasing incidence of diabetic foot ulcers and lymphedema is spurring demand for pressure bandages, which is expected to boost sales at a 3.4% CAGR, pushing the market valuation to US$ 274.5 Mn in 2029.
These devices are primarily used to compress the dead space at the site of injury or incision and prevent seroma and hematoma formation. Pressure bandages have a wide range of medical applications, including leg ulcers, orthopaedic surgeries, and the management of chronic and acute wounds, lymphedema, and musculoskeletal injuries. Pressure bandages of various types, including low elasticity bandages, elastic bandages, and multicomponent multi-layer pressure bandages, are available on the market and have specific applications in various medical indications.
As part of the macro and industry dynamics, the market for pressure bandages is subject to changes based on disease epidemiology, product adoption rate, and product patents. The observed decline in BPS values is related to poor patient compliance with the product, as well as the disadvantages of inelastic pressure bandages. Key market developments include the design and development of patient-specific compression bandages for diabetic foot ulcer management and wound management. During the forecast period, the introduction of gradient pressure systems within newly introduced compression socks products will further promote the growth of the overall pressure bandages market.
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Global Pressure Bandages: Top Key Players
BSN Medical (Svenska Cellulosa Aktiebolaget SCA)
Smith & Nephew
3M Inc.
Medtronic, Plc
Cardinal Health
ConvaTec Inc.
Global Pressure Bandages: By Types
Short Stretch Bandages
Long Stretch Bandages
Multi-layer Compression Systems
Global Pressure Bandages: By Applications
Lymphedema
Leg Ulcers
Deep Vein Thrombosis
Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions:
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
This Market report provides experts analysis, strategies, insights, scope and upcoming trends with different type and applications. This market report also provides tables and figures for good understanding of data. Different data like industry segment, channel segment and many more segment data covered in this report. The aim of this report is to give advice and awareness to businesses interested in this Market.
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Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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