Base Year
Historical Year
Forecast Year
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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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 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:
On the basis of material, compression bandages are categorised into:
The compression bandages are divided on the basis of applications into:
On the basis of end use, the industry is segmented into:
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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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.
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:
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 | 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 |
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| Breakup by Application |
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| 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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Compression Bandages Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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+61-448-061-727
India
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+63-287-899-028, +63-967-048-3306
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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