The global pressure bandages market is on an upward trajectory, set to exceed US$ 217.2 million in 2022. According to recent market analysis, fueled by a rising incidence of conditions such as diabetic foot ulcers and lymphedema, demand for pressure bandages is escalating. This surge is anticipated to drive a Compound Annual Growth Rate (CAGR) of 3.4%, propelling the market valuation to an estimated US$ 274.5 million by 2029.
Pressure bandages serve as the frontline solution for minor injuries like sprains and cuts, providing effective bleeding control and safeguarding the wounded area while ensuring optimal blood circulation. As a result, they are integral components of basic wound care practices worldwide.
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Moreover, advancements in product innovation within the advanced wound management sector are poised to further invigorate the pressure bandages market. Recent insights from Future Market Insights (FMI) indicate that pressure bandages currently account for 2.8% of the overall advanced wound management market.
As the global healthcare landscape continues to evolve, the importance of pressure bandages in ensuring efficient wound care management cannot be overstated. With an anticipated increase in demand driven by both medical necessity and technological advancements, stakeholders across the healthcare sector are primed to witness substantial growth opportunities in the pressure bandages market.
Here are some of the key factors driving this growth:
- Rising Prevalence of Chronic Wounds: Conditions like diabetic foot ulcers and lymphedema are becoming more common, and pressure bandages play a vital role in their management.
- Increasing Surgical Procedures: The growing preference for minimally invasive surgeries creates a demand for pressure bandages to manage post-surgical swelling and inflammation.
- Technological Advancements: Manufacturers are constantly innovating, developing new materials and designs for pressure bandages that offer greater efficacy, comfort, and ease of use.
- Cost-Effectiveness: Compared to some alternative treatments, pressure bandages can be a cost-effective solution for wound care and edema management.
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Key Companies Profiled:
- BSN Medical (Svenska Cellulosa Aktiebolaget SCA)
- Smith & Nephew
- 3M Inc.
- Medtronic, Plc
- Cardinal Health
- ConvaTec Inc.
Pressure bandages Market by Category:
By Product Type:
- Short Stretch Bandages
- Long Stretch Bandages
- Multi-layer Compression Systems
By Raw Material:
- Cotton
- Latex
- Polyester
By Application:
- Lymphedema
- Leg Ulcers
- Deep Vein Thrombosis
By Distribution Channel:
- Retail Stores
- Online Stores
- Hypermarkets and Supermarkets
- Pharmacies
- Clinics
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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