Impact Of Chronic Wound Prevalence On The Compression Bandage Market: Core Growth Enabler in the Compression Bandages Market, 2025

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What Will the Compression Bandages Industry Market Size Be by 2025?
In the past few years, the market size of compression bandages has witnessed noteworthy expansion. The market, which is estimated to be worth $1.63 billion in 2024, is expected to grow to $1.74 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.4%. The expansion during the historic period can be credited to factors such as the increase in chronic diseases, advancements in materials and designs, regulatory support, and medical advancements.

What's the Long-Term Growth Forecast for the Compression Bandages Market Size Through 2029?
Expectations are high for the compression bandages market to showcase robust growth in the coming years. The market is anticipated to expand to $2.2 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. Driving this growth during the forecast period are factors such as the surge in healthcare spending, the broadening of e-commerce, customization & personalization, and an increased emphasis on preventive healthcare. Key trends during the projected period incorporate growing consumer interest in stylish compression stockings, a move towards eco-friendly materials, the integration of digital health, as well as the adoption of telemedicine and distant consultations.

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What Are the Key Growth Drivers Fueling the Compression Bandages Market Expansion?
Due to the escalating occurrence of persistent wounds, the expansion of the compression bandage market is expected to accelerate. Such wounds, which do not undergo the usual wound healing stages and continue to persist over a prolonged period, are considered chronic. Aging populations and unhealthy lifestyles, including substandard diets and sedentary habits, are contributing to an increased prevalence of such wounds. Compression bandages aid in the treatment and management of these wounds by reducing inflammation, enhancing blood circulation, relieving pain, and preventing further complications. They are also useful in facilitating wound contraction and closure by providing exterior support to the affected area and its adjacent tissues. For example, a report by the Memorial Hospital of Carbon County, a critical access hospital in the US, indicated, as of January 2024, roughly 6.7 million people were dealing with chronic wounds. This statistic is expected to witness an upward trajectory, growing by more than 2% in the coming decade. Chronic wounds also pose a financial burden, costing the health care system over $50 billion. Hence, the growing frequency of chronic wounds is a significant factor influencing the advancement of the compression bandage market.

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What Are the Key Trends Driving Compression Bandages Market Growth?
Leading players in the compression bandage market are focusing on the development of novel products like the elastic non-woven bandage, thereby aiming to deliver improved care and therapeutic compression. Elastic non-woven bandages, stretching and breathable wraps, are commonly used for minor compression and support, especially in dressing wounds while ensuring air circulation and flexibility. For example, KOB GmbH, a medical equipment manufacturer based in Germany, in October 2022, launched a new product, VisioCompress2 Lite, to its range of compression bandages. This duo-component system is specifically made for incidents needing lower compression pressure and comes with a padding bandage and a continuously elastic non-woven bandage, now incorporating markers for simpler and secure application. KOB also unveiled Hospifix Bi-elastic 911, a flexible and seamless tubular bandage, which enhances the KOB tubular assortment.

How Is the Compression Bandages Market Segmented?
The compression bandages market covered in this report is segmented -

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

Subsegments:
1) By Short Stretch Bandages: Low-Stretch Compression Bandages, Bandages for Lymphatic and Venous Disorders, Elastic Short Stretch Bandages, Compression Therapy for Edema Management, Short Stretch Bandages for Wound Care
2) By Long Stretch Bandages: High-Stretch Compression Bandages, Bandages for Orthopedic and Musculoskeletal Injuries, Elastic Long Stretch Bandages, Bandages for Varicose Veins and Swelling, Long Stretch Bandages for Wound Protection
3) By Multilayer Compression Bandages: Layered Compression Systems, Bandages for Chronic Venous Insufficiency, Multilayer Compression for Lymphedema Treatment, Customizable Multilayer Compression Bandages, Multilayer Bandages for Post-Surgical Recovery

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Which Companies Are Leading the Charge in Compression Bandages Market Innovation?
Major companies operating in the compression bandages market are 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.

Which Regions Are Leading the Global Compression Bandages Market in Revenue?
North America was the largest region in the compression bandages market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression bandages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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