Press release
Compression Bandages Global Market Projected to Reach $1.74 billion by 2025; Driven by Prevalence of Chronic Wounds and Innovative Product Trends
Compression Bandages Market
What Is The Projected Market Size Of The Compression Bandages Global Market And Its Growth Rate?
• The compression bandages market size which was $1.63 billion in 2024, is expected to grow to $1.74 billion in 2025 at a CAGR of 6.4%.
• Further growth is anticipated by 2029, reaching an estimated $2.2 billion at a CAGR of 6.1%.
• The growth is attributed to factors such as healthcare expenditure, expansion of e-commerce, focus on preventive healthcare, customization and personalization.
What Is Driving The Growth In The Compression Bandages Global Market?
The compressing bandages market is being propelled by a rise in chronic wounds. These injuries, which fail to progress through typical healing stages, are due to unhealthy lifestyles and aging populations. Compression bandages provide wound contraction, alleviation of pain, swelling reduction, and improved circulation. For instance, as of January 2024, the Memorial Hospital of Carbon County reported that nearly 6.7 million individuals were suffering from chronic wounds, a number projected to increase by over 2% over the next decade, resulting in healthcare costs of more than $50 billion.
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Who Are the Key Players Driving Compression Bandages Global Market Growth?
• Cardinal Health Inc.
• Johnson & Johnson
• 3M Company
• Medtronic Plc
• Essity AB
• Medline Industries Inc.
• B. Braun Melsungen AG
• Smith & Nephew plc
• Coloplast A/S
• Paul Hartmann AG
• ConvaTec Group Plc
• Mölnlycke Health Care AB
• Integra LifeSciences Corporation
• Beiersdorf AG
• Lohmann & Rauscher GmbH & Co. KG
• DJO Global Inc.
• Thuasne Group
• BSN medical GmbH
• Talley Group Limited
• DeRoyal Industries Inc.
• Arjo AB
• Bauerfeind AG
• L&R Group
• medi GmbH & Co. KG
• Oppo Medical Inc.
What Are The Key Trends In The Compression Bandages Global Market?
• Rising demand for fashionable compression stockings
• Shift towards sustainable materials
• Integration of digital health
• Expansion of telemedicine and remote consultations
What Are The Segments Of The Global Compression Bandages Global Market?
1. By Product: Short Stretch Bandages, Long Stretch Bandages, Multilayer Compression Bandages
2. By Material: Polyester, Latex, Cotton, Other Materials
3. By Application: Wound Management, Deep Vein Thrombosis, Lymphedema, Other Applications
4. By End-User: Hospitals And Ambulatory Surgical Centers, Clinics, Nursing Care Centers And Skilled Nursing Facilities, Home Care, Other End-Users
Which Region Leads The Compression Bandages Global Market?
North America was the largest region in the compression bandages market in 2024, with Asia-Pacific anticipated to be the fastest-growing region in the forecast period. Other regions covered in the compression bandages market report include Western Europe, Eastern Europe, South America, Middle East and Africa.
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What Is Covered In The Compression Bandages Global Market Report?
- Market Size Analysis: Analyze the Compression Bandages Global Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Compression Bandages Global Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Compression Bandages Global Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Compression Bandages Global Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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