The global market for pressure bandages is anticipated to increase from US$ 186.5 Mn in 2022 to US$ 257.4 Mn by the end of 2029, according to a recent report by Future Market Insights titled “Pressure Bandages Market: Global Industry Analysis (2014 – 2021) and Opportunity Assessment (2021 – 2029). Over the forecast period of 2022–2029, this represents a CAGR of 3.3%.
| Attribute | Details |
| Pressure bandages Estimated Market Size 2022 | US$ 217.2 Mn |
| Pressure bandages Market Value-based CAGR (2022-2029) | ~3.4% |
| Pressure bandages Market Projected Size in 2029 | US$ 274.5 Mn |
The global market offers a US$5.1 million absolute opportunity over 2022 in 2023 and a US$70.9 million incremental opportunity between 2022 and 2029. Pressure bandages currently have the most lucrative regional markets in North America, Western Europe, and APEJ. The pressure bandages market in Latin America, however, is predicted to grow at the highest CAGR of 3.9% from 2022 to 2029.
- Penetration of orthopaedic treatments in emerging economies including Asia Pacific and MEA is still not as widespread as compared to North America and Europe. This is owing to low awareness regarding advanced wound management and associated risk factors amongst the general as well as obese population
- The retail e-commerce channel has gained significant attraction from consumers in the last few years, and is expected to show rapidly increasing adoption over the forecast period. Sales of pressure bandages through e-commerce have also increased in the last few years with e-commerce companies providing attractive discounts to their customers
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Global Pressure Bandages Market: Forecast by Product Type
The global market for pressure bandages is divided into three categories based on the type of product: multi-layer compression systems, long stretch bandages, and short stretch bandages. Long stretch bandages are anticipated to experience the fastest growth between 2022 and 2029, while short stretch bandages are predicted to continue to dominate the market in terms of value throughout the forecast period.
Global Pressure Bandages Market: Forecast by Application
Deep vein thrombosis, leg ulcers, lymphedema, and other conditions are included in the segmentation by application. With an attractiveness index of 1.9, the leg ulcers market is anticipated to be the most lucrative for pressure bandages, while the lymphedema market is anticipated to be the least lucrative globally over the forecast period.
Global Pressure Bandages Market: Forecast by Raw Material
Cotton, latex, polyester, and other materials are among the various raw material segments. In terms of revenue, cotton dominated the pressure bandages market in 2021, and it is anticipated that this trend will last the entire forecast period.
Global Pressure Bandages Market: Forecast by Distribution Channel
The global pressure bandages market is divided into retail stores, online stores, hypermarkets & supermarkets, pharmacies, and clinics based on the distribution channel. Over the course of the forecast period, the retail and online pharmacy segments are anticipated to exhibit an attractiveness index of 1.8. In 2021, the retail stores sector held a 41.4% market share.
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Global Pressure Bandages Market: Forecast by Region
This report has coverage of the seven key geopolitical regions of North America, Latin America, Eastern and Western Europe, APEJ, Japan, and the Middle East and Africa. In terms of revenue, North America dominated the pressure bandages market in 2016, and this trend is anticipated to persist over the course of the forecast period. With a market attractiveness index of 0.2 over the forecast period, MEA and Japan are anticipated to continue to have the lowest revenue attractiveness in the global market.
Global Pressure Bandages Market: Key Players
Smith & Nephew, 3M Inc., Medtronic Plc., Cardinal Health, ConvaTec Inc., and BSN Medical (Svenska Cellulosa Aktiebolaget SCA) are a few of the major companies in the world market for pressure bandages that are profiled in the study.
Pressure bandages Market by CategoryBy 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
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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