Reports
Europe Compression Bandages Market: By Product: Long Stretch Bandages, Multilayer Compression Bandages, Short Stretch Bandages; By Material: Latex, Cotton, Others; By End User; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Europe Compression Bandages Market Outlook
The Europe compression bandages market reached a value of about USD 398.11 million in 2021. The market is further estimated to grow at a CAGR of 5.40% in the forecast period of 2023-2028 to reach a value of around USD 545.81 million by 2027.
Rising Demand for Short Stretch Bandages to Aid the Market Growth of Compression Bandages
Based on product, short stretch bandages account for a significant share of the market. Short-stretch bandages, often made of cotton fibres, provide air permeability and allows the skin to breathe. These bandages can be washed and reused, thus being cost-effective. The cotton-made short stretch bandages support the healing of sprains and offer good compression to injured areas. Additionally, the bandages usually require only two layers, thereby avoiding the problems associated with the multilayer bandage system, like being sweaty and bulky. Also, these bandages allow patients to wear their regular footwear. There is a reduced resting pressure as the bandage is applied at full strength and lowers the risk of over-compression, thus making it more comfortable for patients. They are also very versatile and are available for most limb sizes. The development of new cohesive and adhesive short-stretch compression bandages by the key market players in the region is likely to aid the Europe compression bandages market over the forecast period.
Market Segmentation
A compression bandage, also called an elastic bandage, refers to a long strip of stretchable bandage that is commonly wrapped around muscle sprains and strains to create pressure and reduce the flow of blood. It minimises swelling at the place of injury by keeping fluids from gathering at the injury site.
The market for compression bandages, by product, is divided into:
- Long Stretch Bandages
- Multilayer Compression Bandages
- Short Stretch Bandages
Based on material, the market is segmented into:
- Latex
- Cotton
- Polyester
- Others
On the basis of end user, the market is classified into:
- Clinics
- Nursing Care Centres and Skilled Nursing Facilities
- Hospital and Ambulatory Surgical Centres
- Home Care
- Others
Based on application, the market is divided into:
- Deep Vein Thrombosis
- Lymphedema
- Wound Management
- Others
The regional markets for compression bandages can be divided into the United Kingdom, Germany, France, and Italy, among others.
Rising Prevalence of Acute Injuries Driving the Demand for Compression Bandages
The prevalence of acute injuries, such as sprains and strains, and diseases like lymphedema and deep vein thrombosis is leading to the increased use of compression bandages to reduce pain and swelling. The rising geriatric population and the growing awareness about the importance of compression bandages in improving the patient’s quality of life have resulted in the steady growth of the Europe compression bandages market. The availability of compression badges in various types and materials and the increasing preference for cotton bandages due to their exceptional characteristics like air permeability as well as the prevalence of latex allergy are contributing to the market expansion. The easy availability of compression bandages through e-commerce channels is also aiding the market. The expanding homecare segment, the availability of improved dressing facilities, and the high living standards enable the population to afford compression bandages. The strong presence of market players, availability of superior quality compression bandages, and the introduction of several new compression materials and textile weaving techniques in the region are expected to augment the market over the forecast period.
Key Players in the Europe Market for Compression Bandages
The report gives a detailed analysis of the following key players in the Europe compression bandages market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 3M Company
- Hartmann Group
- Smith & Nephew PLC
- Mölnlycke Health Care AB
- Cardinal Health, Inc.
- 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 | 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:
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| Breakup by Product |
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| Breakup by Material |
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| Breakup by End User |
|
| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 Market Snapshot
6.1 Regional
7 Opportunities and Challenges in the Market
8 Europe Compression Bandages Market Analysis
8.1 Key Industry Highlights
8.2 Europe Compression Bandages Historical Market (2018-2022)
8.3 Europe Compression Bandages Market Forecast (2023-2028)
8.4 Europe Compression Bandages Market by Product
8.4.1 Long Stretch Bandages
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Multilayer Compression Bandages
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Short Stretch Bandages
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Europe Compression Bandages Market by Material
8.5.1 Latex
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Cotton
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Polyster
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Europe Compression Bandages Market by End User
8.6.1 Clinics
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Nursing Care Centres and Skilled Nursing Facilities
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Hospital and Ambulatory Surgical Centres
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Home Care
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Europe Compression Bandages Market by Application
8.7.1 Deep Vein Thrombosis
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Lymphedema
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Wound Management
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Europe Compression Bandages Market by Country
8.8.1 United Kingdom
8.8.2 Germany
8.8.3 France
8.8.4 Italy
8.8.5 Others
9 Regional Analysis
9.1 United Kingdom
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Germany
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 France
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Italy
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
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 3M Company
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 Hartmann Group
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 Smith & Nephew 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 Mölnlycke Health Care AB
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 Cardinal Health, Inc.
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 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe Compression Bandages Market: Key Industry Highlights, 2017 and 2021
2. Europe Compression Bandages Historical Market: Breakup by Product (USD Million), 2018-2022
3. Europe Compression Bandages Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Europe Compression Bandages Historical Market: Breakup by Material (USD Million), 2018-2022
5. Europe Compression Bandages Market Forecast: Breakup by Material (USD Million), 2023-2028
6. Europe Compression Bandages Historical Market: Breakup by End User (USD Million), 2018-2022
7. Europe Compression Bandages Market Forecast: Breakup by End User (USD Million), 2023-2028
8. Europe Compression Bandages Historical Market: Breakup by Application (USD Million), 2018-2022
9. Europe Compression Bandages Market Forecast: Breakup by Application (USD Million), 2023-2028
10. Europe Compression Bandages Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Compression Bandages Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Compression Bandages Market Structure
Key Questions Answered in the Report
In 2021, the Europe compression bandages market attained a value of nearly USD 398.11 million.
The market is assessed to grow at a CAGR of 5.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 545.81 million by 2027.
The major market drivers include the availability of compression bandages in various types and materials, rising demand for cotton bandages, presence of skilled healthcare staff, expanding dressing facilities and e-commerce, improved living standards, and rising demand for short stretch compression bandages.
The key trends guiding the growth of the market include the rising prevalence of acute injuries and diseases like lymphedema, availability of superior quality compression bandages, introduction of several new compression materials and textile weaving techniques, and strong presence of market players.
The major regions are the United Kingdom, Germany, France, and Italy, among others.
The significant products include long stretch bandages, multilayer compression bandages, and short stretch bandages.
The various materials of compression bandages include latex, cotton, and polyester, among others.
The major end users of compression bandages include clinics, nursing care centres and skilled nursing facilities, hospital and ambulatory surgical centres, and home care, among others.
The different applications of compression bandages include deep vein thrombosis, lymphedema, and wound management, among others.
The major players in the market are 3M Company, Hartmann Group, Smith & Nephew PLC, Mölnlycke Health Care AB, and Cardinal Health, Inc., among others.
Analyst Review
The Europe compression bandages market attained a value of nearly USD 398.11 million in 2021, driven by the rising prevalence of acute injuries, such as sprains and strains, and diseases like lymphedema and deep vein thrombosis. Aided by the availability of superior quality compression bandages, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.40%. The market is estimated to reach about USD 545.81 million by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for compression bandages, by product, is divided into long stretch bandages, multilayer compression bandages, and short stretch bandages. Based on material, the market is segmented into latex, cotton, and polyester, among others. On the basis of end user, the market is classified into clinics, nursing care centres and skilled nursing facilities, hospital and ambulatory surgical centres, and home care, among others. Based on application, the market is divided into deep vein thrombosis, lymphedema, and wound management, among others. The major regional markets for compression bandages are the United Kingdom, Germany, France, and Italy, among others. The key players in the above market include 3M Company, Hartmann Group, Smith & Nephew PLC, Mölnlycke Health Care AB, and Cardinal Health, Inc., 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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