Pressure Bandages Market Is Expected With Key Players Like Medtronic Plc, Smith & Nephew, 3M, ConvaTec, Inc., Cardinal Health, Inc., Johnson & Johnson, Nitto Denko Corporation, Persys Medical

Pressure bandages is an important first-aid technique used in the medical settings after a serious injury to assist healing. The pressure bandages provide compression to the injured blood vessels by facilitating blood clot formation, thereby treating rapid blood loss or hemorrhage. The pressure dressings are highly suited at stabilizing wounds on limbs. The bandages also find application in treating venomous snake bites, to avoid venom progression into the bloodstream. Pressure bandages are ideal emergency tools for severe injuries such as sports injuries and accidents. The global pressure bandages market was valued at US$ 188.8 million in 2017 and is expected to witness a robust CAGR of 4.8% over the forecast period (2017 - 2025).

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The efficient management of venous leg ulcers represent a significant clinical problem, draining the financial resources. Majority of ulcers can be treated by using moderate compression bandages. Moreover, compression bandages are commonly recommended for 2-3 days by the physiotherapists for most acute injuries to reduce pain and swelling. According to the study published by Circulation Foundation, 2015, venous disease is the underlying cause of chronic leg ulcers accounting for over two third or 80% of all leg ulcers. The study also states that the other reason for the formation of leg ulcers include arterial disease contributing to 15% of leg ulcers and diabetes, rheumatoid arthritis accounting approximately 5% leg ulcers. Thus, increasing prevalence of diseases and disorders causing leg ulcers is a major factor to increase the adoption of pressure bandages thus propelling the market growth in the region. North America dominates the pressure bandage market, owing to increasing prevalence of diabetes, presence of major market players, and higher recommendations of the pressure bandages by the doctors post injuries.

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According to the American Diabetes Association, 2015, around 30.3 million Americans or 9.4% of the population was diagnosed with diabetes. According to the Cleveland Clinic Foundation, an estimated 15% of diabetic population is expected to develop foot ulceration during their lifetime, where lower extremity amputations in the U.S. are preceded by a foot ulcer. Thus, the rise in diabetes inadvertently increases the risk of formation of leg ulcers, which is expected to bolster the demand of pressure bandages market. Also, wide availability of products for treating venous leg ulcers contributes to market growth of pressure bandages. For instance, Setopress, high compression bandage by Medline Industries, Inc. provides graduated high compression in the management of venous leg ulcers. Moreover, Profore and Proguide, multi-layer compression bandaging systems developed by Smith and Nephew apply sustained graduated compression for the management of venous leg ulcers and associated conditions.

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