Compression Bandages Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Growth Factors of Compression Bandages Market
The compression bandages market size was valued at USD 1.21 billion in 2018, and the market is now projected tgrow from USD 1.21 billion in 2018 tUSD 2.53 billion by 2032, exhibiting a CAGR of 5.4% during the forecast period of 2018-2032.
The COVID-19 pandemic appreciably impacted the compression bandages market growth, undoubtedly and negatively. On the advantageous aspect, multiplied health facility admissions and the upward thrust in chronic wound cases throughout the pandemic drove the call for compression bandages, particularly in treating venous leg ulcers and lymphedema. However, disruptions in supply chains, manufacturing slowdowns, and regulations on optional medical approaches negatively affected the marketplace, mainly in the early phases of the pandemic. The attention on handling COVID-19 cases caused delayed treatments for non-urgent conditions, reducing the immediate call for compression therapy. Post-pandemic healing has been marked by an uptick in call for as healthcare systems resume everyday operations and the focus on superior wound care answers grows.
The effectiveness of compression bandages relies upon the pressure it exerts on the affected location. The producers are consequently emphasising introducing compression bandages of a wider strain variety. The agencies alsproduce compression bandages, the use of a blend of greater than twmaterials timprove their elasticity. The newly brought bandages are made up of cotton, polyester, and elasticated yarn, used in various quantities tdifferentiate stretch. Moreover, the emergence of manufacturers of compression bandages in developing international locations is projected tenhance the accessibility of the products for the duration of the sector in the coming years, which in turn will have an advantageous impact on the compression bandages market share.
Additionally, Lymphedema is another distinguished disorder indication for which compression bandages are fairly preferred. According tthe NHS, about twhundred 000 human beings are tormented by lymphedema in the U.K. Annually. Hence, the growing prevalence of lymphedema and continual wounds worldwide is projected tboost the uptake of compression bandages at some stage in the forecast duration.
Comprehensive Analysis of Compression Bandages Market
The compression bandages marketplace is segmented by product intbrief stretch, lengthy stretch, and multilayer compression bandages. Cloth consists of polyester, latex, cotton, and others, with latex dominating the market in 2018, even though the developing use of cotton quick-stretch bandages is predicted treinforce the cotton segment. Key packages encompass wound management, lymphedema, deep vein thrombosis (DVT), and others, with lymphedema dominating in 2018 due tits link tbreast cancer occurrence, while DVT is projected tdevelop at the very best CAGR. End-users consist of hospitals and ambulatory surgical centres, clinics, nursing care centres, home care, and others, with hospitals leading in 2018, but home care is predicted tgrow quicker through 2026.
Europe generated a revenue of USD 340.4 Million in 2018, attributable tthe larger presence of international compression bandage manufacturers, the availability of loads of compression bandages, and more focus among the population on effectual control of venous ulcers and lymphedema.
The compression bandages market features prominent players including Essity (Sweden), Paul Hartmann AG (Germany), Smith & Nephew plc (UK), Mölnlycke Health Care AB (Sweden), Lohmann & Rauscher GmbH & Co. KG (Germany), B. Braun Melsungen AG (Germany), 3M (USA), Cardinal Health (USA), and ConvaTec Group PLC (UK). These companies are key players driving innovation and competition in the global market.
In June 2019, Milliken and Company announced the purchase of Andover Healthcare, Inc., one of the leading companies of compression systems and cohesive bandages, tprovide revolutionary and comprehensive answers for affected person care.
Segmentation Table
Global Compression bandages Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 5.4% from 2024-2032
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By product, material, application, End-User, and Region
By product
Short Stretch Bandages
Long Stretch Bandages
Multilayer Compression Bandages
By material
Polyester
Latex
Cotton
Others
By application
Wound Management
Deep Vein Thrombosis (DVT)
Lymphedema
Others
By end-user
Hospitals & Ambulatory Surgical Centers
Clinics
Nursing Care Centers & Skilled Nursing Facilities
Home Care
Others
By Region
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
The compression bandages market size was valued at USD 1.21 billion in 2018, and the market is now projected tgrow from USD 1.21 billion in 2018 tUSD 2.53 billion by 2032, exhibiting a CAGR of 5.4% during the forecast period of 2018-2032.
The COVID-19 pandemic appreciably impacted the compression bandages market growth, undoubtedly and negatively. On the advantageous aspect, multiplied health facility admissions and the upward thrust in chronic wound cases throughout the pandemic drove the call for compression bandages, particularly in treating venous leg ulcers and lymphedema. However, disruptions in supply chains, manufacturing slowdowns, and regulations on optional medical approaches negatively affected the marketplace, mainly in the early phases of the pandemic. The attention on handling COVID-19 cases caused delayed treatments for non-urgent conditions, reducing the immediate call for compression therapy. Post-pandemic healing has been marked by an uptick in call for as healthcare systems resume everyday operations and the focus on superior wound care answers grows.
The effectiveness of compression bandages relies upon the pressure it exerts on the affected location. The producers are consequently emphasising introducing compression bandages of a wider strain variety. The agencies alsproduce compression bandages, the use of a blend of greater than twmaterials timprove their elasticity. The newly brought bandages are made up of cotton, polyester, and elasticated yarn, used in various quantities tdifferentiate stretch. Moreover, the emergence of manufacturers of compression bandages in developing international locations is projected tenhance the accessibility of the products for the duration of the sector in the coming years, which in turn will have an advantageous impact on the compression bandages market share.
Additionally, Lymphedema is another distinguished disorder indication for which compression bandages are fairly preferred. According tthe NHS, about twhundred 000 human beings are tormented by lymphedema in the U.K. Annually. Hence, the growing prevalence of lymphedema and continual wounds worldwide is projected tboost the uptake of compression bandages at some stage in the forecast duration.
Comprehensive Analysis of Compression Bandages Market
The compression bandages marketplace is segmented by product intbrief stretch, lengthy stretch, and multilayer compression bandages. Cloth consists of polyester, latex, cotton, and others, with latex dominating the market in 2018, even though the developing use of cotton quick-stretch bandages is predicted treinforce the cotton segment. Key packages encompass wound management, lymphedema, deep vein thrombosis (DVT), and others, with lymphedema dominating in 2018 due tits link tbreast cancer occurrence, while DVT is projected tdevelop at the very best CAGR. End-users consist of hospitals and ambulatory surgical centres, clinics, nursing care centres, home care, and others, with hospitals leading in 2018, but home care is predicted tgrow quicker through 2026.
Europe generated a revenue of USD 340.4 Million in 2018, attributable tthe larger presence of international compression bandage manufacturers, the availability of loads of compression bandages, and more focus among the population on effectual control of venous ulcers and lymphedema.
The compression bandages market features prominent players including Essity (Sweden), Paul Hartmann AG (Germany), Smith & Nephew plc (UK), Mölnlycke Health Care AB (Sweden), Lohmann & Rauscher GmbH & Co. KG (Germany), B. Braun Melsungen AG (Germany), 3M (USA), Cardinal Health (USA), and ConvaTec Group PLC (UK). These companies are key players driving innovation and competition in the global market.
In June 2019, Milliken and Company announced the purchase of Andover Healthcare, Inc., one of the leading companies of compression systems and cohesive bandages, tprovide revolutionary and comprehensive answers for affected person care.
Segmentation Table
Global Compression bandages Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 5.4% from 2024-2032
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By product, material, application, End-User, and Region
By product
Short Stretch Bandages
Long Stretch Bandages
Multilayer Compression Bandages
By material
Polyester
Latex
Cotton
Others
By application
Wound Management
Deep Vein Thrombosis (DVT)
Lymphedema
Others
By end-user
Hospitals & Ambulatory Surgical Centers
Clinics
Nursing Care Centers & Skilled Nursing Facilities
Home Care
Others
By Region
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Table of Contents
154 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Prevalence of Key Indications, 2017
- 4.2. Cost Burden of Chronic Wounds in Europe, 2018
- 4.3. New Developments in Wound Care
- 4.4. Pricing Overview- End User
- 4.5. Margin Data
- 4.6. Key Industry Developments
- 5. Global Compression Bandages Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Short Stretch Bandages
- 5.2.2. Long Stretch Bandages
- 5.2.3. Multilayer Compression Bandages
- 5.3. Market Analysis, Insights and Forecast – By Material
- 5.3.1. Polyester
- 5.3.2. Latex
- 5.3.3. Cotton
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Wound Management
- 5.4.2. Deep Vein Thrombosis
- 5.4.3. Lymphedema
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By End User
- 5.5.1. Hospital & Ambulatory Surgical Centers
- 5.5.2. Clinics
- 5.5.3. Nursing Care Centers & Skilled Nursing Facilities
- 5.5.4. Home Care
- 5.5.5. Others
- 5.6. Market Analysis – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America
- 5.6.5. Middle East & Africa
- 6. North America Fluorescence Microscopy Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Short Stretch Bandages
- 6.2.2. Long Stretch Bandages
- 6.2.3. Multilayer Compression Bandages
- 6.3. Market Analysis, Insights and Forecast – By Material
- 6.3.1. Polyester
- 6.3.2. Latex
- 6.3.3. Cotton
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Wound Management
- 6.4.2. Deep Vein Thrombosis
- 6.4.3. Lymphedema
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By End-user
- 6.5.1. Hospital & Ambulatory Surgical Centers
- 6.5.2. Clinics
- 6.5.3. Nursing Care Centers & Skilled Nursing Facilities
- 6.5.4. Home Care
- 6.5.5. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.7. 6.5.1 U.S.
- 6.8. 6.5.2 Canada
- 7. Europe Fluorescence Microscopy Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Short Stretch Bandages
- 7.2.2. Long Stretch Bandages
- 7.2.3. Multilayer Compression Bandages
- 7.3. Market Analysis, Insights and Forecast – By Material
- 7.3.1. Polyester
- 7.3.2. Latex
- 7.3.3. Cotton
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Wound Management
- 7.4.2. Deep Vein Thrombosis
- 7.4.3. Lymphedema
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By End-user
- 7.5.1. Hospital & Ambulatory Surgical Centers
- 7.5.2. Clinics
- 7.5.3. Nursing Care Centers & Skilled Nursing Facilities
- 7.5.4. Home Care
- 7.5.5. Others
- 7.6. Market Analysis, Insights and Forecast – By Countries/Sub-region
- 7.6.1. U.K.
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Spain
- 7.6.5. Italy
- 7.6.6. Sweden
- 7.6.7. Netherland
- 7.6.8. Switzerland
- 7.6.9. Poland
- 7.6.10. Ukraine
- 7.6.11. Portugal
- 7.6.12. Rest of Nordic
- 7.6.13. Rest of Europe
- 8. Asia pacific Fluorescence Microscopy Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Short Stretch Bandages
- 8.2.2. Long Stretch Bandages
- 8.2.3. Multilayer Compression Bandages
- 8.3. Market Analysis, Insights and Forecast – By Material
- 8.3.1. Polyester
- 8.3.2. Latex
- 8.4. 8.3.3.Cotton
- 8.4.1. Others
- 8.5. Market Analysis, Insights and Forecast – By Application
- 8.5.1. Wound Management
- 8.5.2. Deep Vein Thrombosis
- 8.5.3. Lymphedema
- 8.5.4. Others
- 8.6. Market Analysis, Insights and Forecast – By End-user
- 8.6.1. Hospital & Ambulatory Surgical Centers
- 8.6.2. Clinics
- 8.6.3. Nursing Care Centers & Skilled Nursing Facilities
- 8.6.4. Home Care
- 8.6.5. Others
- 8.7. Market Analysis, Insights and Forecast – By Countries/Sub-regions
- 8.7.1. Japan
- 8.7.2. China
- 8.7.3. India
- 8.7.4. Australia
- 8.7.5. Southeast Asia
- 8.7.6. Rest of Asia Pacific
- 9. Latin America Fluorescence Microscopy Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Short Stretch Bandages
- 9.2.2. Long Stretch Bandages
- 9.2.3. Multilayer Compression Bandages
- 9.3. Market Analysis, Insights and Forecast – By Material
- 9.3.1. Polyester
- 9.3.2. Latex
- 9.3.3. Cotton
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Wound Management
- 9.4.2. Deep Vein Thrombosis
- 9.4.3. Lymphedema
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By End-user
- 9.5.1. Hospital & Ambulatory Surgical Centers
- 9.5.2. Clinics
- 9.5.3. Nursing Care Centers & Skilled Nursing Facilities
- 9.5.4. Home Care
- 9.5.5. Others
- 9.6. Market Analysis, Insights and Forecast – By Countries/Sub-regions
- 9.6.1. Brazil
- 9.6.2. Mexico
- 9.6.3. Rest of Latin America
- 10. Middle East & Africa Fluorescence Microscopy Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Product
- 10.2.1. Short Stretch Bandages
- 10.2.2. Long Stretch Bandages
- 10.2.3. Multilayer Compression Bandages
- 10.3. Market Analysis, Insights and Forecast – By Material
- 10.3.1. Polyester
- 10.3.2. Latex
- 10.3.3. Cotton
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Wound Management
- 10.4.2. Deep Vein Thrombosis
- 10.4.3. Lymphedema
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By End-user
- 10.5.1. Hospital & Ambulatory Surgical Centers
- 10.5.2. Clinics
- 10.5.3. Nursing Care Centers & Skilled Nursing Facilities
- 10.5.4. Home Care
- 10.5.5. Others
- 10.6. Market Analysis, Insights and Forecast – By Countries/Sub-regions
- 10.6.1. GCC Countries
- 10.6.2. South Africa
- 10.6.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2018)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & Services, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability))
- 11.5.1. Essity AB
- 11.5.1.1. Overview
- 11.5.1.2. Description
- 11.5.1.3. Product Portfolio
- 11.5.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.1.5. Recent Developments
- 11.5.1.6. SWOT Analysis
- 11.5.1.6.1. Similar information has been provided for all the below companies
- 11.5.1.6.1.1. Paul Hartmann AG
- 11.5.1.6.1.2. 3M
- 11.5.1.6.1.3. Smith & Nephew plc
- 11.5.1.6.1.4. ConvaTec Group PLC
- 11.5.1.6.1.5. B. Braun Melsungen AG
- 11.5.1.6.1.6. Mölnlycke Health Care AB
- 11.5.1.6.1.7. Cardinal Health
- 11.5.1.6.1.8. Clinisupplies Ltd. (Healthium Medtech)
- 11.5.1.6.1.9. Lohmann & Rauscher International GmbH & Co. KG
- 12. Strategic Recommendations "
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