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Global Compression Bandages Market Share, Size, Analysis, Forecast: By Product: Short Stretch Bandages, Long Stretch Bandages, Multilayer Compression Bandages; By Material: Polyester, Latex, Cotton, Others; By Application: Wound Management, Deep Vein Thrombosis, Others; By End Use; Regional Analysis; Supplier Landscape; 2024-2032
Global Compression Bandages Market Outlook
The global compression bandages market size attained a value of USD 2.11 billion in 2023 driven by large number of diabetes and obese patients and increased occurrence rate of chronic wounds. The market is anticipated to grow at a CAGR of 5.6% during the forecast period of 2024-2032 to attain a value of USD 3.45 billion by 2032.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Material |
|
| Breakup by Application |
|
| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Compression Bandages Market Overview
3.1 Global Compression Bandages Market Historical Value (2017-2023)
3.2 Global Compression Bandages Market Forecast Value (2024-2032)
4 Global Compression Bandages Market Landscape
4.1 Global Compression Bandages Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Compression Bandages Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Material
4.2.3 Analysis by Application
4.2.4 Analysis by End User
5 Global Compression Bandages Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Compression Bandages Market Segmentation
6.1 Global Compression Bandages Market by Product
6.1.1 Market Overview
6.1.2 Short Stretch Bandages
6.1.3 Long Stretch Bandages
6.1.4 Multilayer Compression Bandages
6.2 Global Compression Bandages Market by Material
6.2.1 Market Overview
6.2.2 Polyester
6.2.3 Latex
6.2.4 Cotton
6.2.5 Others
6.3 Global Compression Bandages Market by Application
6.3.1 Market Overview
6.3.2 Wound Management
6.3.3 Deep Vein Thrombosis
6.3.4 Lymphedema
6.3.5 Others
6.4 Global Compression Bandages Market by End User
6.4.1 Market Overview
6.4.2 Hospital and Ambulatory Surgical Centres
6.4.3 Clinics
6.4.4 Nursing Care Centers
6.4.5 Homecare
6.4.6 Others
6.5 Global Compression Bandages Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Compression Bandages Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Compression Bandages Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Compression Bandages Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Compression Bandages Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Compression Bandages Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Paul Hartmann AG
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Smith & Nephew plc
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 ConvaTec Group PLC
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 B. Braun Melsungen AG
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 3m Co.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Essity (BSN medical GmbH)
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Molnlycke Health Care AB
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Lohmann & Rauscher GmbH & Co. KG
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Cardinal Health
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
18 Global Compression Bandages Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
In 2023, the global market for compression bandages reached a value of USD 2.11 billion.
The market is anticipated to grow at a CAGR of 5.6% during the forecast period of 2024-2032 to reach a value of USD 3.45 billion by 2032.
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.
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