Pressure Bandages Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
The management of chronic leg ulceration include a variety of compression therapies such as garments such as bandages and stockings and intermittent pneumatic. Pressure bandages falls under the category of compression garment that aids in faster healing and controlling infection of wounds, while prevention of excessive blood loss as well. Compression bandages also called pressure bandages, are a kind of field dressing used to apply pressure to a wound. These are usually wrapped around the wound and are then pulled tight to maximize the pressure applied in the area. Pressure bandages are usually used in situations where instantaneous first aid is necessary to protect one’s health. They are wrapped around the lower limb to apply a desired pressure that offers a degree of firmness directly to the wound. Pressure bandages are predominantly used for treating venous leg ulcers, swelling, oedema, sprains, and other lymphatic conditions.
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One of the important factors is to apply the pressure bandage carefully or else it can lead to a several complications such as tourniquet negative effect and decrease blood pressure. The primary symptoms of leg ulcer are friable granulation, cramps in the calves, skin discolorations and dermatitis. Around 2 to 3 million people in the U.S. are identified with chronic wounds each year, according to the Wound Healing Society (a scientific group focused on wound healing). The rising prevalence of chronic leg ulcer will lead to an increase in demand for pressure bandages during the forecast period.
Pressure Bandages market Taxonomy
On the basis of product type, the global market is classified into:
Long Stretch or Elastic Bandages
Multi-component Multilayer Bandage Systems (MLBs)
Short Stretch or Low-elasticity Bandages
On the basis of raw material, the global market is classified into:
The elastic or long stretch bandages held a significant market share in the global pressure bandages market. High elasticity of over 100% and its high extensibility that can apply constant pressure to the wound directly, are some of the factors responsible for the dominance of the segment in the global pressure bandages industry. These pressure bandages are usually recommended for stationary patients who are incapable of activating their calf-muscle pump. Multi-component multilayer bandages act as an alternative to long elastic pressure bandages. They deliver constant and consistent compression for managing lower leg ulcers.
Growing prevalence of chronic leg ulcer and increase in the geriatric population will drive the overall pressure bandages market
An independent study available in Hindawi Publishing Corporation (a commercial publisher of technical, scientific, and medical literature) revealed that 1% of the overall adult population suffers from chronic leg ulceration and it affects 3.5% of people older than 65 years. North America accounted for the maximum share in the global pressure bandages market, followed by Asia Pacific. This is mainly attributed to high prevalence of chronic leg ulcers, presence of large number of manufacturers of pressure bandages, developed healthcare facilities, and increase in research related activities.
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The emerging economies of India and China in Asia Pacific hold enormous potential for growth of the market due to the presence of large elderly population, considerable growth in private & public hospitals and drug stores, growing per capita income coupled with growth in healthcare expenditure. This region is expected to grow at a maximum rate in the global pressure bandages market over the course of the forecast period.
Some of the companies operating in the pressure bandages market in the current scenario are BSN medical, 3M, Johnson & Johnson, Lohmann & Rauscher, Smith & Nephew, and Covidien. Some of the other companies operating in the market are Datt Mediproducts Private Limited, Moore Medical LLC, Mölnlycke Health Care, Dynamic Techno Medicals and Paul Hartmann Pty. Ltd.
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