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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 (2018-2028); 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 2023-2028 at a CAGR of 5%.

 

Global Compression Bandages Market

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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.

 

Global Compression Bandages Market By Product

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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.

 

Global Compression Bandages Market By Region

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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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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.

 

*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
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    Opportunities and Challenges in the Market
8    Global Compression Bandages Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Compression Bandages Historical Market (2018-2022) 
    8.3    Global Compression Bandages Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Long Stretch Bandages
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Multilayer Compression Bandages
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Compression Bandages Market by Material
        8.5.1    Polyester
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Latex
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Cotton
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Deep Vein Thrombosis
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Lymphedema
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Clinics
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Nursing Care Centers
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Home Care
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Others
    8.8    Global Compression Bandages Market by Region       
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028) 
9    North America Compression Bandages  Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Compression Bandages Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Compression Bandages Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Compression Bandages Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Compression Bandages Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Paul Hartmann AG
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Smith & Nephew plc
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    ConvaTec Group PLC
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    B. Braun Melsungen AG
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    3m Co.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Compression Bandages Market: Key Industry Highlights, 2018 and 2028
2.    Global Compression Bandages Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Compression Bandages Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Compression Bandages Historical Market: Breakup by Material (USD Million), 2018-2022
5.    Global Compression Bandages Market Forecast: Breakup by Material (USD Million), 2023-2028
6.    Global Compression Bandages Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global Compression Bandages Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global Compression Bandages Historical Market: Breakup by End Use (USD Million), 2018-2022
9.    Global Compression Bandages Market Forecast: Breakup by End Use (USD Million), 2023-2028
10.    Global Compression Bandages Historical Market: Breakup by Technique (USD Million), 2018-2022
11.    Global Compression Bandages Market Forecast: Breakup by Technique (USD Million), 2023-2028
12.    Global Compression Bandages Historical Market: Breakup by Region (USD Million), 2018-2022
13.    Global Compression Bandages Market Forecast: Breakup by Region (USD Million), 2023-2028
14.    North America Compression Bandages Historical Market: Breakup by Country (USD Million), 2018-2022
15.    North America Compression Bandages Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Europe Compression Bandages Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Europe Compression Bandages Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Asia Pacific Compression Bandages Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Asia Pacific Compression Bandages Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Latin America Compression Bandages Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Latin America Compression Bandages Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Middle East and Africa Compression Bandages Historical Market: Breakup by Country (USD Million), 2018-2022
23.    Middle East and Africa Compression Bandages Market Forecast: Breakup by Country (USD Million), 2023-2028
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 2023-2028, 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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