Pressure Bandages Market Set to Surge Significantly During 2016-2026
Pressure Bandages Market: Drivers and Restraints
Increase in the prevalence of diabetes, chronic venous insufficiency among aging population which results in oedema, ulceration and other lymphatic disorders, rising awareness about venous leg disorder and high occurrence of sports and adventure related injuries are the factors expected to drive the growth of global pressure bandages market. Product innovation and rising demand for reusable products are some other factors expected to fuel the growth of global pressure bandages market. However, discomfort with the pressure bandages and substitute products to compression bandages are the factors that may hamper the growth of pressure bandages market.
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Pressure Bandages Market: Segmentation
The global pressure bandages market has been classified on the basis of product type, raw material and distribution channel.
Based on product type, the global pressure bandages market is divided into following:
Long Stretch or Elastic Bandages
Short Stretch or Low-elasticity Bandages
Multicomponent Multilayer Bandage Systems (MLBs)
Based on raw material, the global pressure bandages market is divided into following:
Based on distribution channel, the global pressure bandages market is divided into following:
Online & E-commerce
Pharmacy & Drug Stores
Pressure Bandages Market: Overview
Based on product type segment, long stretch or elastic bandages are most common type of pressure bandages used to reduce venous hypertension owing to its elastomeric property, high extensibility of more than 100% to 120% and its elastic behavior that provide constant pressure directly to the wound. These long stretch pressure bandages are recommended for immobile patients those are insufficient to activate their calf-muscle pump. Larger pressure bandages are used with combination of gauze helps in dealing with severe wounds. Multicomponent multilayer bandage systems are the alternative to long elastic pressure bandages that delivers sustained levels of compression for the management of lower leg ulcer and related conditions.
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Pressure Bandages Market: Regional Overview
Depending on geographic region, pressure bandages market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America held largest share in the pressure bandages market followed by Europe, Japan and Asia Pacific owing to high prevalence of chronic venous insufficiency and varicose, developed healthcare facilities, large number of pressure bandages manufacturers and rise in research & development related activities. The developing nations in Asia Pacific, Middle East and Africa hold huge potential for growth in the pressure bandages market due to presence of large geriatric population base, significant growth in public & private hospitals, pharmacy & drug stores, increasing per capita income along with increase healthcare expenditure.
Pressure Bandages Market: Key Players
Some of the key players in global pressure bandages market are 3M, BSN medical, Johnson & Johnson, Smith & Nephew, Lohmann & Rauscher, Datt Mediproducts Private Limited, Covidien, Mölnlycke Health Care, Moore Medical LLC, PAUL HARTMANN Pty. Ltd. and Dynamic Techno Medicals.
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