Market Overview:
The global pressure bandages market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, such as lymphedema, leg ulcers, and deep vein thrombosis (DVT), across the globe. In addition, technological advancements in pressure bandages are also contributing to the growth of this market. Based on type, short stretch bandages are expected to account for a larger share of the global pressure bandages market than long stretch bandages during the forecast period. This can be attributed to their lower cost and easy availability compared with long stretch bandages.
Product Definition:
A pressure bandage is a device used to help control bleeding by applying pressure directly to the wound.
Short Stretch Bandages:
Short stretch bandages are elastic and woven bandage which is used to treat acute injuries. It helps in reducing swelling, promoting healing and protecting the injury from further damage. The major factor driving the market growth for short stretch bandages is increasing number of sports-related injuries across the globe.
Long Stretch Bandages:
Long stretch bandages are elastic bandages which can be used in pressure garments such as stockings, sleeves and other accessories. They have a greater stretch ratio compared to standard elastic bandage. Long stretch bandages allow more mobility while wearing the dressing and are particularly useful for treating large wounds or injuries which cover a significant portion of the body.
The global long stretchbandage market size was valued at USD 1,19 billion in 2016.
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. The other applications include chronic wounds, skin injuries, sports injuries, and burns. The chronic wound segment is anticipated to witness the fastest growth rate over the forecast period owing to increasing cases of diabetes and pressure ulcers across geriatric population groups in developed economies such as U.K., Germany, France and Italy.
Pressure ulcers are also known as bed sores or non-healing wounds due to constant exposure to elevated body temperature.
Regional Analysis:
North America dominated the global pressure bandages market in 2017. The presence of well-established healthcare infrastructure and increasing awareness about pressure bandaging are some of the factors responsible for its large share. Moreover, according to a survey conducted by WHO, approximately 50% of patients would prefer to use these products over conventional ones when they need to dress wounds that require compression.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to rising cases of chronic diseases such as diabetes and cardiovascular disorders coupled with an increase in road accidents & sports injuries. According to unife, Inc., approximately 9 million people die due to road traffic injuries every year accounting for 20% deaths globally every year making it one of the leading causes of death in developing countries like India & China along with Brazil & Mexico).
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases are responsible for over 63% of all deaths worldwide. This number is expected to rise to almost 75% by 2030. Pressure bandages are used extensively in the treatment of various chronic conditions such as diabetes, cancer, and heart disease. As more people adopt a sedentary lifestyle and consume unhealthy foods, the demand for pressure bandages will increase significantly in the coming years.
- Growing awareness about wound care: There has been a significant increase in awareness about wound care among consumers in recent years. This is mainly due to increased media coverage on various types of wounds and their treatments methods. In addition, there has been an increase in research on new wound care products and technologies over the past few years . Pressure bandages are one such product that have gained popularity among consumers due to their ability to provide relief from pain and inflammation caused by wounds . As more people become aware about the benefits of using pressure bandages,the market for these products will grow at a rapid pace during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Pressure Bandages Market Research Report
By Type
Short Stretch Bandages, Long Stretch Bandages, Multi-Layer Compression Systems
By Application
Lymphedema, Leg Ulcers, Deep Vein Thrombosis, Others
By Companies
BSN Medical (Svenska Cellulosa Aktiebolaget SCA), Smith & Nephew, M Inc., Medtronic, Plc, Cardinal Health, ConvaTec Inc., BSN Medical (Svenska Cellulosa Aktiebolaget SCA)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Pressure Bandages Market Report Segments:
The global Pressure Bandages market is segmented on the basis of:
Types
Short Stretch Bandages, Long Stretch Bandages, Multi-Layer Compression Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Lymphedema, Leg Ulcers, Deep Vein Thrombosis, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BSN Medical (Svenska Cellulosa Aktiebolaget SCA)
- Smith & Nephew
- M Inc.
- Medtronic, Plc
- Cardinal Health
- ConvaTec Inc.
- BSN Medical (Svenska Cellulosa Aktiebolaget SCA)
Highlights of The Pressure Bandages Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Short Stretch Bandages
- Long Stretch Bandages
- Multi-Layer Compression Systems
- By Application:
- Lymphedema
- Leg Ulcers
- Deep Vein Thrombosis
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pressure Bandages Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pressure bandages are a type of bandage that is designed to provide pressure relief and support to injured areas. They are made from a variety of materials, including cloth, paper, or plastic, and can be wrapped around the body in a number of ways to create the desired level of pressure. Pressure bandages are often used as part of the treatment process for injuries such as sprains and strains.
Some of the major players in the pressure bandages market are BSN Medical (Svenska Cellulosa Aktiebolaget SCA), Smith & Nephew, M Inc., Medtronic, Plc, Cardinal Health, ConvaTec Inc., BSN Medical (Svenska Cellulosa Aktiebolaget SCA).
The pressure bandages market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pressure Bandages Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Pressure Bandages Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Pressure Bandages Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Pressure Bandages Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Pressure Bandages Market Size & Forecast, 2020-2028 4.5.1 Pressure Bandages Market Size and Y-o-Y Growth 4.5.2 Pressure Bandages Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Short Stretch Bandages
5.2.2 Long Stretch Bandages
5.2.3 Multi-Layer Compression Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Lymphedema
6.2.2 Leg Ulcers
6.2.3 Deep Vein Thrombosis
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pressure Bandages Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pressure Bandages Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Short Stretch Bandages
9.6.2 Long Stretch Bandages
9.6.3 Multi-Layer Compression Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Lymphedema
9.10.2 Leg Ulcers
9.10.3 Deep Vein Thrombosis
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Short Stretch Bandages
10.6.2 Long Stretch Bandages
10.6.3 Multi-Layer Compression Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Lymphedema
10.10.2 Leg Ulcers
10.10.3 Deep Vein Thrombosis
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Short Stretch Bandages
11.6.2 Long Stretch Bandages
11.6.3 Multi-Layer Compression Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Lymphedema
11.10.2 Leg Ulcers
11.10.3 Deep Vein Thrombosis
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Short Stretch Bandages
12.6.2 Long Stretch Bandages
12.6.3 Multi-Layer Compression Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Lymphedema
12.10.2 Leg Ulcers
12.10.3 Deep Vein Thrombosis
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Short Stretch Bandages
13.6.2 Long Stretch Bandages
13.6.3 Multi-Layer Compression Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Lymphedema
13.10.2 Leg Ulcers
13.10.3 Deep Vein Thrombosis
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pressure Bandages Market: Competitive Dashboard
14.2 Global Pressure Bandages Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BSN Medical (Svenska Cellulosa Aktiebolaget SCA)
14.3.2 Smith & Nephew
14.3.3 M Inc.
14.3.4 Medtronic, Plc
14.3.5 Cardinal Health
14.3.6 ConvaTec Inc.
14.3.7 BSN Medical (Svenska Cellulosa Aktiebolaget SCA)