The global pressure bandages market is poised for steady growth, with its valuation expected to rise from USD 217.2 million in 2022 to USD 274.5 million by 2029. Expanding at a compound annual growth rate (CAGR) of 3.4%, the market’s growth is being driven by the increasing incidence of conditions such as diabetic foot ulcers and lymphedema, which require effective wound care management.
Pressure bandages are essential in the treatment and management of various wounds, particularly in patients with chronic conditions that impair healing, such as diabetes. These bandages are critical in improving blood circulation and reducing swelling, thus promoting faster recovery. The growing prevalence of diabetes and related complications, along with a rising geriatric population, is driving the demand for pressure bandages globally.
The market’s growth is also supported by advances in bandage materials, design, and ease of use, as well as increasing awareness about the importance of proper wound care. Furthermore, healthcare providers are focusing on patient-centric care, which is encouraging the adoption of pressure bandages as part of comprehensive treatment regimens for chronic conditions.
North America continues to dominate the pressure bandages market due to its advanced healthcare infrastructure and high awareness about wound care. However, regions such as Asia-Pacific are expected to witness significant growth, driven by rising healthcare investments, an increasing diabetic population, and greater access to wound care treatments.
Growth Drivers
- The increasing incidence of diabetic foot ulcers and lymphedema is a significant factor driving the demand for pressure bandages. These conditions require effective management and treatment, which pressure bandages provide.
- Growing investments in healthcare infrastructure and patient care reimbursement plans are also contributing to market growth.
Market Segmentation
- Pressure bandages are primarily used for:
- Controlling bleeding
- Protecting injured areas
- Managing chronic wounds
Regional Insights
- North America is projected to account for a substantial share of the market, driven by advanced healthcare facilities and high rates of diabetes-related complications.
- Europe is also expected to command a significant portion of the market, reflecting similar trends in healthcare access and chronic disease prevalence.
Key Companies Profiled
BSN Medical (Svenska Cellulosa Aktiebolaget SCA); Smith & Nephew; 3M Inc.; Medtronic, Plc; Cardinal Health; ConvaTec Inc.
Grab Your Complete Report Instantly
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
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube