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Global Compression Bandages Market: By Product; By Material: Polyester, Latex, Cotton, Others; By Application: Wound Management, Deep Vein Thrombosis, Lymphedema, Others; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Compression Bandages Market Outlook
The global compression bandages market is likely to grow in the forecast period of 2022-2027 at a CAGR of 5%.
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North America to Lead the Global Compression Bandages Market
The North American region is among the largest markets for the compression bandages and is expected to continue dominating the market in the coming years. The reason is the prevalence of several diseases in the elderly population. The region also registers presence of major players in the market and easily availability of compression bandages. Asia Pacific regions is expected to have significant growth because of the rising population and healthcare expenditure. The large number of diabetes and obese patients in the region increases the occurrence rate of chronic wounds. The governments of nations like China and India are also emphasizing on healthcare awareness and investing in medical infrastructure which is driving up the demand for compression bandages. Europe will also be an important region owing to the well-developed medical facilities with awareness for chronic wounds and easy accessibility of variety of bandages.
Compression Bandages: Market Segmentation
Compression bandages are used for first line treatment by applying pressure on the region of injury. They are stretchable bandages which are commonly used for reduction of edema and chronic wounds. They are simple to apply and very helpful in reducing swelling and treatment of deep vein thrombosis.
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On the basis of product, compression bandages ae segmented into:
- Short Stretch Bandages
- Long Stretch Bandages
- Multilayer Compression Bandages
On the basis of material, compression bandages are categorised into:
- Polyester
- Latex
- Cotton
- Others
The compression bandages are divided on the basis of applications into:
- Wound Management
- Deep Vein Thrombosis
- Lymphedema
- Others
On the basis of end use, the industry is segmented into:
- Hospital and Ambulatory Surgical Centres
- Clinics
- Nursing Care Centres
- Home Care
- Others
The regional markets for compression bandages industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Cases of Chronic Wounds to Drive the Market Growth
The number of cases for venous diseases has been rising across the world. The venous ulcer is believed to occur when venous valves do not function properly. The number of instances of leg ulcer are especially large which is bolstering the market demand for compression bandages. Compression bandages also find their application in treatment of lymphedema. The prevalence of lymphedema is also swiftly increasing that is accelerating growth of compression bandages market. The expansion of market by increasing investment by key players in developing regions will augment the industry demand. The rise in accessibility and affordability will accelerate the growth of compression bandages market.
Key Industry Players in the Global Compression Bandages Market
The report gives a detailed analysis of the following key players in the compression bandages market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Paul Hartmann AG
- Smith & Nephew plc
- ConvaTec Group PLC
- B. Braun Melsungen AG
- 3m Co
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Material, Application, End Use, Region |
| Breakup by Product | Short Stretch Bandages, Long Stretch Bandages, Multilayer Compression Bandages |
| Breakup by Material | Polyester, Latex, Cotton, Others |
| Breakup by Application | Wound Management, Deep Vein Thrombosis, Lymphedema, Others |
| Breakup by End Use | Hospital and Ambulatory Surgical Centers, Clinics, Nursing Care Centers, Home Care, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Paul Hartmann AG, Smith & Nephew plc, ConvaTec Group PLC, B. Braun Melsungen AG, 3m Co., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Compression Bandages Market Analysis
8.1 Key Industry Highlights
8.2 Global Compression Bandages Historical Market (2017-2021)
8.3 Global Compression Bandages Market Forecast (2022-2027)
8.4 Global Compression Bandages Market by Product
8.4.1 Short Stretch Bandages
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Long Stretch Bandages
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Multilayer Compression Bandages
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Compression Bandages Market by Material
8.5.1 Polyester
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Latex
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Cotton
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Compression Bandages Market by Application
8.6.1 Wound Management
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Deep Vein Thrombosis
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Lymphedema
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Others
8.7 Global Compression Bandages Market by End Use
8.7.1 Hospital and Ambulatory Surgical Centers
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Clinics
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Nursing Care Centers
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Home Care
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2017-2021)
8.7.4.3 Forecast Trend (2022-2027)
8.7.5 Others
8.8 Global Compression Bandages Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Paul Hartmann AG
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Smith & Nephew plc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 ConvaTec Group PLC
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 B. Braun Melsungen AG
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 3m Co.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Compression Bandages Market: Key Industry Highlights, 2016 and 2026
2. Global Compression Bandages Historical Market: Breakup by Product (USD Million), 2017-2021
3. Global Compression Bandages Market Forecast: Breakup by Product (USD Million), 2022-2027
4. Global Compression Bandages Historical Market: Breakup by Material (USD Million), 2017-2021
5. Global Compression Bandages Market Forecast: Breakup by Material (USD Million), 2022-2027
6. Global Compression Bandages Historical Market: Breakup by Application (USD Million), 2017-2021
7. Global Compression Bandages Market Forecast: Breakup by Application (USD Million), 2022-2027
8. Global Compression Bandages Historical Market: Breakup by End Use (USD Million), 2017-2021
9. Global Compression Bandages Market Forecast: Breakup by End Use (USD Million), 2022-2027
10. Global Compression Bandages Historical Market: Breakup by Technique (USD Million), 2017-2021
11. Global Compression Bandages Market Forecast: Breakup by Technique (USD Million), 2022-2027
12. Global Compression Bandages Historical Market: Breakup by Region (USD Million), 2017-2021
13. Global Compression Bandages Market Forecast: Breakup by Region (USD Million), 2022-2027
14. North America Compression Bandages Historical Market: Breakup by Country (USD Million), 2017-2021
15. North America Compression Bandages Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Europe Compression Bandages Historical Market: Breakup by Country (USD Million), 2017-2021
17. Europe Compression Bandages Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Asia Pacific Compression Bandages Historical Market: Breakup by Country (USD Million), 2017-2021
19. Asia Pacific Compression Bandages Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Latin America Compression Bandages Historical Market: Breakup by Country (USD Million), 2017-2021
21. Latin America Compression Bandages Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Middle East and Africa Compression Bandages Historical Market: Breakup by Country (USD Million), 2017-2021
23. Middle East and Africa Compression Bandages Market Forecast: Breakup by Country (USD Million), 2022-2027
24. Global Compression Bandages Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
The major industry drivers are large number of diabetes and obese patients and increased occurrence rate of chronic wounds.
The key trends in the market are rising number of instances of leg ulcer and increasing prevalence of lymphedema.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
Short stretch bandage is the dominant product in the industry.
The materials used for the product are polyester, latex, and cotton, among others.
The application sectors include wound management, deep vein thrombosis, and lymphedema, among others.
The end-use sectors include hospital and ambulatory surgical centres, clinics, nursing care centres, and home care, among others.
The major players in the industry are Paul Hartmann AG, Smith & Nephew plc, ConvaTec Group PLC, B. Braun Melsungen AG, and 3m Co., among others.
Analyst Review
The global compression bandages market is driven by the large number of diabetes and obese patients and increased occurrence rate of chronic wounds. Aided by the rising number of instances of leg ulcer and increasing prevalence of lymphedema, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the compression bandages industry can be segmented into short stretch bandages, long stretch bandages and multilayer compression bandages, among others, with short stretch bandages accounting for the largest market share. The materials used for the product are polyester, latex, and cotton, among others. The application sectors include wound management, deep vein thrombosis, and lymphedema, among others. The end-use sectors include hospital and ambulatory surgical centres, clinics, nursing care centres, and home care, among others. The major regional markets for compression bandages are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Paul Hartmann AG, Smith & Nephew plc, ConvaTec Group PLC, B. Braun Melsungen AG, and 3m Co., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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