"Designing Growth Strategies is in our DNA"

Compression Bandages Market Size, Share & Industry Analysis, By Product (Short Stretch Bandages, Long Stretch Bandages, Multilayer Compression Bandages), By Material (Polyester, Latex, Cotton, Others), By Application (Wound Management, Deep Vein Thrombosis, Lymphedema, Others), By End-user (Hospitals & Ambulatory Surgical Centers, Clinics, Nursing Care Centers & Skilled Nursing Facilities, Home Care, Others) and Regional Forecast 2019-2032

Last Updated: October 28, 2024 | Format: PDF | Report ID: FBI100839

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global compression bandages market size was valued at USD 1.21 Billion in 2018 and is projected to reach USD 2.53 Billion by 2032, exhibiting a CAGR of 5.4% during the forecast period (2018-2032).


The concept of compression therapy is based on the simple and effective principle of applying elastic bandage around the leg for the reduction of edema, chronic wounds, and deep vein thrombosis. The potential ability of compression therapy on ulcer treatment has been highlighted in various studies across the world for the past few decades. In simple words, compression therapy involves squeezing of the limbs, thereby reducing edema and aiding venous ulcers.


In the current market scenario, local and multinational companies are involved in manufacturing, distributing, and supplying different varieties of compression bandages. The companies are now focused on the development of cost-effective, user-friendly, therapeutically effective, and advanced compression bandages for the patients suffering from chronic venous ulcers, lymphedema, and deep vein thrombosis. Increasing prevalence of lymphedema, venous ulcers, and deep vein thrombosis worldwide has been a rising concern. It is thus, increasing the demand for effective compression bandages.


Request a Free sample to learn more about this report.


Compression therapy has helped the market players to draw an effective strategy for the technological development and manufacturing of effective compression bandages. Owing to high demand for compression bandages, the sales and distribution of the companies are set to grow at a faster rate. The current compression bandages market trends include bandage pressure optimization and conducting awareness campaigns. Besides, the companies are manufacturing strong pressure bandages for the treatment of lymphedema, deep vein thrombosis, and chronic leg ulcers.


MARKET DRIVERS


“Increasing Prevalence of Chronic Wounds and Lymphedema to propel the Compression Bandages Market”


Venous ulcers are considered to be a common chronic disorder that, over the time, leads to venous incompetence, leucocyte plugging of the capillaries, lipodermatosclerosis, tissue hypoxia, and microvascular dysfunction if untreated. Venous leg ulcers are extremely common in the United States. There is also a rising incidence of venous diseases, such as DVT and venous ulcers in the European countries. According to the National Health Service (NHS), chronic venous leg ulceration has an estimated prevalence of 0.1% to 0.3% in the U.K., while the disease affected 0.1% of the population in France in 2016.


Lymphedema is another prominent disease indication for which compression bandages are highly preferred. According to the NHS, approximately 200,000 people are affected by lymphedema in U.K. annually. Hence, the rising prevalence of lymphedema and chronic wounds worldwide is projected to boost the uptake of compression bandages during the forecast period.


 “Introduction of clinically effective pressure bandages by key manufacturers to drive the compression bandages market”


The optimal management of edema associated with venous diseases and lymphedema is essential to improve the quality of life. Compression therapy is a principal treatment option for such disorders which reduces and stabilizes the swellings in legs, arms, etc. Various medical device companies, such as Smith & Nephew Plc, BSN Medical, etc. are engaged in introducing novel compression bandages for the clinical management of wounds, venous diseases, and lymphedema in a cost-effective manner.


The effectiveness of compression bandages depends on the pressure it exerts on the affected area. The manufacturers are thus emphasizing on introducing compression bandages of a broader pressure-range. The companies are also manufacturing compression bandages using a blend of more than two materials to improve their elasticity. The newly introduced bandages are made up of cotton, polyester, and elasticated yarn, used in varying amounts to differentiate stretch. Moreover, the emergence of manufacturers of compression bandages in developing countries is projected to improve the accessibility of the products throughout the world in the coming years, which in-turn will have a positive impact on the overall market.


SEGMENTATION


By Product Analysis


“Short Stretch Bandages to Generate the Highest Revenue in the Coming Years”


Based on product, the market segments include short stretch bandages, long stretch bandages, and multilayer compression bandages.


Among these, short stretch bandages held a dominating market share in the year 2018 owing to their preference due to their reusability and cost-effectiveness. Long stretch compression bandages segment is expected to register a higher CAGR owing to the gradual shift of patients and healthcare professionals towards long stretch compression bandages during the forecast period.


To know how our report can help streamline your business, Speak to Analyst


On the other hand, demand for multilayer compression bandage is also expected to surge during the forecast period owing to its greater usability in patients with chronic wounds and lymphedema. The multiple layers provide larger elasticity and support for immediate cure of the diseases.


By Material Analysis


“Cotton to Exhibit a Remarkable CAGR During the Forecast Period”


In terms of material, the market segments include polyester, latex, cotton, and others. Latex segment accounted for the highest market share in 2018. However, significant penetration of cotton short stretch bandages is anticipated to boost the cotton segment in the forecast period.


Compression bandages are manufactured using latex to increase its durability, elasticity, and effectivity. Due to rising latex allergy in patients, manufacturers are now focusing on the development of latex-free compression bandages. Cotton offers a variety of advantages over latex and polyester as it is soft and durable. Cotton padding, along with polyester layer of the compression bandage, offer greater elasticity and required pressure. Cotton also has the ability to sustain higher pressure that is applied for the treatment of venous ulcers and lymphedema. Owing to the demand for latex-free compression bandages, the demand for cotton is growing and thus it will increase the revenue of cotton in the forecast period.


By Application Analysis


“Deep Vein Thrombosis is Anticipated to Exhibit Maximum CAGR During the Forecast Period”


Various applications include wound management, deep vein thrombosis (DVT), lymphedema, and others. Lymphedema segment dominated the compression bandages market in 2018. The growth is attributed to the increasing prevalence of breast cancer, which will boost the risk of lymphedema in the population during the forecast period. However, deep vein thrombosis is anticipated to register a higher CAGR during the forecast period.


An accurate medical diagnosis is essential for the effective treatment of lymphedema. Compression bandages help in reducing the capillary filtration, increasing lymphatic reabsorption, and improving venous pumps of the lymphatic patients. Rising lymphedema patients in the developed as well as in emerging market, is likely to boost the overall market. Additionally, leg ulcer wounds are the major occurrence of chronic wounds. It represents that 70% - 90% of leg ulcers would uplift the use of compression bandages and propel the global elastic bandages market during the forecast period.


By End-user Analysis


“Hospitals and Ambulatory Surgical Centers to Lead the Compression Bandages Market”


On the basis of end-user, the market is categorized into hospitals and ambulatory surgical centers, clinics, nursing care centers & skilled nursing facilities, home care, and others. Among these, the hospitals and ambulatory surgical centers segment dominated the market in 2018. The home care segment is likely to register a lift by 2026, marking a faster CAGR.


Patients with lymphedema, deep vein thrombosis, and venous ulcers initially approach hospitals or ambulatory surgical centers for treatment. Owing to skilled healthcare professionals and trained nurses in the hospitals, patients receive effective and appropriate treatment. Also, quicker availability of important types of compression bandages and provision of cost-effective bandages would set the hospital & ambulatory surgical centers to lead the compression bandages market. Moreover, due to direct availability of compression bandage to the consumers in the coming years, along with dressing facilities provided by nurses to the consumers is expected to have a faster growth of the home care segment during the forecast period.


REGIONAL ANALYSIS


North America generated the highest revenue in 2018 with the highest market share in the global market. It is anticipated to continue its dominance during the forecast period attributing to the rising geriatric population affected by venous diseases in the region. The increased prevalence of lymphedema, deep vein thrombosis, and chronic leg ulcers has increased the usage of compression bandages in the region. It is responsible for the higher market growth. Moreover, the presence of major players in the U.S. and easy accessibility of compression bandages is contributing to the market growth in the region.


Europe Compression Bandages Market Size, 2018

To get more information on the regional analysis of this market, Request a Free sample


Asia Pacific, on the other hand, is anticipated to register a faster growth with the highest CAGR in the global market. China and India are considered to exhibit the higher CAGR during the forecast period. The penetration of market players, constant efforts in launching effective compression bandages, and rising government initiatives to increase awareness regarding the management of chronic wounds, lymphedema, and DVT would uplift the elastic compression bandages market in the region.


Europe generated a revenue of USD 340.4 Million in 2018 owing to the larger presence of compression global bandage manufacturers, availability of a variety of compression bandages, and greater awareness among the population about effectual management of venous ulcers and lymphedema. Latin America and the Middle East would exhibit a comparatively slower growth rate owing to the lack of awareness and reach of compression bandages to the population in the region. Also, dearth of skilled nurses for application of compression bandages is expected to hinder the market growth in the region.


INDUSTRY KEY PLAYERS


“Essity (BSN medical GmbH), Paul Hartmann AG, and Smith & Nephew plc dominated global market”


Essity (BSN medical GmbH) is actively developing clinical and cost-effective compression bandages for the patients to treat venous ulcers, lymphedema, and deep vein thrombosis. Products such as JOBST, Comprilan, ELODUR, and others help in managing edema and ulcers effectively. Along with its strong, diverse product portfolio, company is leading in the global market. Paul Hartmann AG is also one of the leading medical devices company with its expertise in wound management and compression therapy. Paul Hartmann’s diverse product portfolio of short stretch, long stretch, and multilayer compression bandages is in huge demand in the global compression bandage market.


List Of Key Companies Covered:



  • Essity (BSN medical GmbH)

  • Paul Hartmann AG

  • Smith & Nephew plc

  • Mölnlycke Health Care AB

  • Lohmann & Rauscher GmbH & Co. KG

  • B. Braun Melsungen AG

  • 3M

  • Cardinal Health

  • ConvaTec Group PLC

  • Other Prominent Players


REPORT COVERAGE


Increased prevalence of venous ulcers, lymphedema, and deep vein thrombosis along with an effort to introduce clinically effective compression bandages by market players for successful management of associated disease indications are anticipated to increase the global compression bandage market value during the forecast period.


An Infographic Representation of Compression Bandages Market

To get information on various segments, share your queries with us



Along with this, the report provides an elaborative analysis of the compression bandages market dynamics and competitive landscape. Various key insights presented in the report are the prevalence of key indications, cost burden of chronic wounds, new developments in wound care, pricing overview- end-user, margin data, key industry development, SWOT analysis, competitive landscape, and company profiles.


Report Scope & Segmentation














































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Billion)



Segmentation



By Product



  • Short Stretch Bandages

  • Long Stretch Bandages

  • Multilayer Compression Bandages



By Material



  • Polyester

  • Latex

  • Cotton

  • Others



By Application



  • Wound Management

  • Deep Vein Thrombosis (DVT)

  • Lymphedema

  • Others



By End-user



  • Hospitals & Ambulatory Surgical Centers

  • Clinics

  • Nursing Care Centers & Skilled Nursing Facilities

  • Home Care

  • Others



By Region



  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



 


INDUSTRY DEVELOPMENTS:



  • June 2019: Milliken & Company announced the acquisition of Andover Healthcare, Inc., one of the leading providers of compression systems and cohesive bandages to provide innovative and comprehensive solutions for patient care.

  • May 2019: 3M entered into a definitive agreement for the acquisition of Acelity Inc. and its KCI subsidiaries to expand its presence in compression bandages and wound care market.

  • January 2019: Mölnlycke Health Care AB acquired M&J Airlaid Products A/S, which will enable the company to diversify its product portfolio and enhance R&D capabilities.

  • January 2018: Lohmann & Rauscher International GmbH & Co. KG acquired the compression division SWISSLASTIC AG ST. GALLEN, which resulted in inclusion of the company’s wound care products into Lohmann & Rauscher International GmbH & Co. KG portfolio.





Frequently Asked Questions

Fortune Business Insights says that the global compression bandages market is projected to reach USD 1.84 Billion by 2026

In 2018, the global compression bandages market was valued at USD 1.21 Billion.

The global compression bandages market is projected to grow steadily at a CAGR of 5.3% in the forecast period (2019-2026).

Short stretch bandages is the leading segment in the global compression bandages market.

Increasing burden of chronic wound and rising prevalence of lymphedema are drive the global compression bandages market.

Essity (BSN medical GmbH), Paul Hartmann AG, and Smith & Nephew plc are the top players in global compression bandages market.

North America is expected to hold the highest market share in the global compression bandages market.

Venous ulcers, deep vein thrombosis, and lymphedema are expected to drive the extensive adoption of compression bandages worldwide.

Effective compression therapy, latex-free bandages, technologically advanced compression bandages, and increasing awareness regarding effective management of the chronic wounds & venous ulcers are the trends observed in the global compression bandages market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts
Speak to an Expert
  • REPORT UPDATE
    IN PROCESS
  • 2019-2032
    (In Process)
  • 2023
    (In Process)
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Healthcare Clients
Amgen
Jubilant
Pfizer
Grifols
Ipsos
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X