Global Compression Bandages Market Size By Product Type (Short Stretch Bandages, Long Stretch Bandages), By Application (Wound Management, Deep Vein Thrombosis), By Geographic Scope And Forecast

Compression Bandages Market Size And Forecast

Compression Bandages Market size was valued at USD 1.38 Billion in 2021 and is projected to reach USD 2.18 Billion by 2030, growing at a CAGR of 2.23% from 2022 to 2030.

The concept of compression therapy is based on the humble and effective principle of applying flexible bandages around the leg for the reduction of edema, chronic wounds, and deep vein thrombosis. The possible ability of compression therapy on ulcer treatment has been emphasized in various studies across the world for the past few periods. In other words, compression therapy involves enfolding the limbs, therapy reducing edema, and helping venous ulcers. The COVID-19 pandemic has produced severe impacts on the global economy at many levels and which can be seen in the Healthcare industry as well.

The Compression Bandages Market of health care research and development is predicted to exhibit a vertical decline in sales during the lockdown period owing to the closure of the manufacturing units, severe shortage in the supply of raw materials, and absence of likely manpower. It can be deduced from the current situations carried about by the pandemic that the production, and supply chain activities have skilled minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present gorgeous opportunities for sales across various regions of the world in the following years.

Global Compression Bandages Market Definition

You can find bandages with different compression levels already set up—light, moderate, high, and even extra-high strength. Which one you choose really depends on how bad the swelling is and how much support you need. Like, those extra-high compression bandages are usually for really big, swollen legs. Compression bandages are super helpful if you've got leg ulcers that are changing, too. Once the wound's all cleaned up and ready to go, you can easily wrap the bandage around your leg, from your toes all the way up to your calf. These elastic bandages are designed to give graduated compression, meaning the tightest part is at your ankle, which is where you usually need it most. Don't forget to use some padding, especially in strips over those bony spots, so you don't end up with too much pressure there. You can leave these bandages on, or reapply them, for weeks if needed, until the swelling goes down. And because they keep their shape even as the swelling reduces, they'll keep giving you the right amount of pressure the whole time.

Once your ulcer is all healed up, your doctor might recommend wearing density hosiery. It's not as intense as compression bandages, but still gives you enough pressure to keep your blood flowing smoothly and help prevent the ulcer from coming back. Think of compression therapy – whether it's with compression bandages or those special graduated compression stockings – as a real cornerstone for managing things like varicose veins, venous eczema, and especially, those stubborn leg ulcers. It's key both for actively helping ulcers heal and for stopping them from popping up again. Basically, compression therapy gently squeezes those surface veins, keeping them nice and narrow, and pushing the blood back into the deeper veins. That helps the blood travel upwards towards your heart more efficiently. Better blood flow? That's what helps heal existing ulcers and keeps new ones at bay.

So, when it comes to managing swelling, low-stretch bandages are super important. These bandages are specially made to give you compression and support, which helps calm things down and reduce swelling. Now, they're different from those elastic bandages you might use for sports injuries. Low-stretch bandages are usually 100% cotton and are perfect for dealing with things like edema, lymphedema, and when your veins aren't working quite right. They work by giving you good compression and resistance, using a high "working pressure" but not stretching too much. This helps get your blood and lymphatic system flowing better. Often, doctors will use these bandages before measuring you for a custom compression garment. This is because they help shrink the swelling and keep your limb stable, so your garment fits just right and you're comfortable.

Global Compression Bandages Market Overview

In the current situation market local, multinational companies are elaborate in manufacturing, distributing, and supplying different diversities of compression bandages. The companies are now attentive to the development of cost-effective, user-friendly, intensely effective, and advanced compression bandages for patients suffering from chronic venous ulcers, lymphedema, and deep vein thrombosis. Cumulative prevalence of lymphedema venous ulcers and deep vein thrombosis universal has been an increasing concern. It is thus, growing the demand for effective compression bandages.

The Compression Bandages Market is really taking off, mostly because more and more people are dealing with chronic wounds and lymphedema. Take venous leg ulcers, for example – they're super common in the United States. And in Europe, we're seeing more and more venous diseases like DVT and venous ulcers. Lymphedema is another big one where these looseness bandages are a top choice. Plus, there are new clinically proven pressure bandages coming out! Properly managing edema from venous disease and Lymphedema is so important for improving people's lives. Compression therapy is a key way to do this, helping to reduce swelling in legs, arms, and more. These new bandages are often made with a mix of cotton, polyester, and elasticated yarn, using different amounts to control how much they stretch.

Global Compression Bandages MarketSegmentation Analysis

The Global Compression Bandages Market is Segmented on the basis of Product Type, Application, and Geography.

Compression Bandages Market, By Product Type

• Short Stretch Bandages• Long Stretch Bandages• Multilayer Compression Bandages

Based on Product Type, the market is segmented into Short Stretch Bandages, Long Stretch Bandages, and Multilayer Compression Bandages. Among these Short stretch, bandages held a controlling market share owing to their favorite reusability and cost-effectiveness. Although others are a little bit high value than the short stretch bandages. Also, it can be used in each kind of restrain easy to use.

Compression Bandages Market, By Application

• Wound Management• Deep Vein Thrombosis• Lymphedema• Others

Based on Application, the market is segmented into Wound Management, Deep Vein Thrombosis, Lymphedema, and Others. The lymphedema sector is dominating the Compression Bandages Market the growth is credited to the increasing occurrence of breast cancer, which will boost the risk of lymphedema in the population during the forecast period. A correct medical diagnosis is essential for the actual treatment of lymphedema. Compression bandages help in dipping the capillary filtration, cumulative lymphatic reabsorption, and improving venous pumps of the lymphatic patients.

Compression Bandages Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Compression Bandages Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America has created the highest market share in the global market. It is anticipated to continue its dominance during the forecast period assigning to the rising geriatric population pretentious by venous disease in the region. The enlarged prevalence of lymphedema, deep vein thrombosis and chronic leg ulcers has improved the usage of compression bandages in the region.

Key Players

The “Global Compression Bandages Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 3M, Hartmann, BSN Medical Inc, B Braun, Dynarex Corporation, Mueller, Derma Sciences, H&H Medical, Pedifix, and Cardinal health.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In December 2021, 3M has extended a collaborative agreement to resolve ongoing litigation and negotiations correlated to per- and polyfluoroalkyl ingredients (PFAS) near 3M’s Decatur, Ala. facility with parties including The City of Decatur and Morgan County, the accusers in St. John, and the Tennessee Riverkeeper organization. Through these promises, subject to final approval, 3M will support activities to address PFAS that 3M manufactured or prepared for, as well as to enhance the value of existence for Decatur residents.

• In August 2021, Chronicled and Cardinal Health declared a partnership to leverage a new blockchain-powered solution on the MediLedger Network to update operations across the pharmaceutical supply chain and aid a reliable, frictionless experience for pharmacies across the country. The new blockchain solution will consent Cardinal Health to optimize the complex practice of pharmaceutical chargebacks and create bigger connectivity for its suppliers and customers.

• In September 2021, announced that it has recognized a new athletic partnership with Nike and BSN SPORTS, the nation’s leading direct marketer, and distributor of sporting goods to the school and alliance markets and a division of Varsity Brands. Through this partnership, BSN SPORTS will serve as the official attire and equipment provider to the Tartan Athletics Program while supplying Carnegie Mellon athletes and coaches with the Foremost Nike product selection.

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