By 2022, the pressure bandages market outlook is expected to reach a value of US$ 217.2 million. The rising prevalence of lymphedema and diabetic foot ulcers is driving up demand for pressure bandages. Sales are expected to increase at a 3.4% CAGR through 2029 and reach a US$ 274.5 million market valuation.
The global and regional markets are thoroughly examined in this report on the pressure bandage industry. Our analysts have concentrated on the different forecast variables and have contributed their distinct viewpoints and hypotheses regarding the market’s driving forces. This report includes a list of active participants, pricing analysis, and value chain analysis. Our experts have provided comprehensive data so that our clients may see a thorough picture of the market. On the market’s size, value projection, opportunities, trends, drivers, and constraints in each of the seven regions this study has examined. In addition to offering localised perspectives, we have furnished thorough data on multiple market categories and subcategories. We have divided the market into segments according to product, application, raw material, distribution channel, and region to gain a better understanding of the overall market.
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A panoramic view of the global pressure bandages market provides detailed information on the global market size and revenue growth
This report includes an overview of the global pressure bandages market which consists of market size and forecast, Y-o-Y growth and absolute $ opportunity. The analysts have taken a 3600 view of the key market dynamics including micro-economic factors, supply and demand side drivers, restraints, opportunities and key trends impacting the global pressure bandages market. Another section of the report comprises the market definition and taxonomy. Product-wise Weighted Average Selling Price (ASP) has been considered to deduce market values. Top-down approach has been used to assess market numbers for each product category, while bottom-up approach has been used to counter validate the market estimations. We have taken inputs from sources such as the World Bank as well as various companies’ annual and financial reports while deriving data pertaining to the global pressure bandages market. Key market splits have been deduced from extensive surveys and primary research. Towards the end of the report, we have provided strategic recommendations for both existing and new market players to emerge sustainably profitable.
Key Takeways:
- Market Growth: The pressure bandages market has witnessed steady growth in recent years, driven by factors such as increasing cases of chronic wounds, diabetes-related ulcers, and the aging population.
- Chronic Wound Management: Pressure bandages play a crucial role in the management of chronic wounds, including venous leg ulcers, diabetic foot ulcers, and pressure ulcers. As the prevalence of these conditions rises, so does the demand for pressure bandages.
- Advanced Materials: Manufacturers are increasingly developing pressure bandages using advanced materials like silicone, foam, and hydrocolloid. These materials offer better wound healing properties, moisture management, and patient comfort.
- Technological Advancements: The pressure bandages market has seen technological advancements, including the integration of sensors and smart features in some products. These smart bandages can monitor wound healing progress and alert healthcare providers to any issues.
- Hospitals and Clinics Dominance: Hospitals and clinics are the primary end-users of pressure bandages, as they handle a significant portion of wound care. This segment continues to drive market growth.
- Homecare Segment: The homecare segment is also expanding, with more patients receiving wound care at home. This trend is boosted by the availability of user-friendly pressure bandage products.
Key Companies :
- BSN Medical (Svenska Cellulosa Aktiebolaget SCA)
- Smith & Nephew
- 3M Inc.
- Medtronic, Plc
- Cardinal Health
- ConvaTec Inc.
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Key Segmentation:
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.
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