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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.
Compression Bandages Market Size
Compression Bandages Market Growth
Compression Bandages Companies
*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 2024, 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 2025-2034 to reach a value of USD 3.45 billion by 2034.
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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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