Overview

Compression Bandages Market is predicted to value over USD xx billion by 2027 end with a CAGR of over xx% during the forecast period 2020 to 2027.

The compression bandages are primarily used in compression therapy for treating various ulcers like ischemic ulcers and venous leg ulcers. Benefits like enhanced patient concordance, simple procedure of application and reduction of slippage has proved effective for appalling wound management. Compression bandages are disposable and can also be re-used. 
Rising prevalence of leg ulcers, increased interest of physicians in improving the patient’s quality of type, rising emphasis of manufacturers on expanding the business in developing regions with a potential of substantial growth and affordability are some of the key factors driving the compression bandages market growth. However, there has been an increased adoption of novel wound care therapies for reducing the infection risk shall possibly restrain the market growth.

Compression Bandages Market

Market Segmentation:

By Product
•    Short Stretch Compression Bandages
•    Long Stretch Compression Bandages
•    Multilayer Compression Bandages    
By Material
•    Latex
•    Polyester
•    Others    
By Application
•    Wound Management
•    Trauma
•    Lymphedema
•    Deep Vein Thrombosis
•    Others
By End User
•    Long Term Care Centers
•    Hospitals
•    Clinics 
•    Ambulatory Surgical Centers
•    Other Outpatient Settings     
By Region
•    North America
•    Europe
•    Asia-Pacific
•    Latin America
•    Middle East and Africa

The market is categorised into product, material, application, end user and region. The product segment is classified into short stretch compression bandages, long stretch compression bandages and multilayer compression bandages. The multilayer compression segment is predicted to hold the largest compression bandages market share owing to a rise in the emphasis of manufacturers on product development with lower frequency and high lifecycle of replacements. Material-wise, the market is categorised into latex, polyester and others. 
The application segment is fragmented into trauma, wound management, lymphedema, deep vein thrombosis and others. The wound management segment is further bifurcated into arterial ulcers, diabetic foot ulcers, venous ulcers and other limb ulcers. The end user segment is classified into long-term care centres, hospitals, clinics, ambulatory surgical centres and other outpatient settings. The hospitals segment is anticipated to lead the market owing to improvements in the healthcare infrastructure in emerging economies and rise in the number of multispecialty hospitals.

Regional Analysis:

The North America region is estimated to subjugate the market during the forecasted timeframe, and this can be due to the presence of key market players along with favourable reimbursement policies in the region. Furthermore, the Asia Pacific region is predicted to grow at a substantial rate over the forecast period and this is owing to the rise in the obese and diabetic population, rising prevalence of appalling wounds, increased preference of physicians for compression therapy in treating venous leg ulcers shall boost the market growth in the region.

Competitive Landscape:                            

Some of the major market players are 3M, Cardinal Health, ConvaTec Inc., BSN Medical, PAUL HARTMANN AG, Smith & Nephew plc, Andover Healthcare Inc., Mölnlycke Health Care AB, Beiersdorf AG, Baxter International Inc.

FutureWise Key Takeaways:

•    Growth prospects
•    SWOT analysis 
•    Key market trends 
•    Key data-points affecting market growth

Objectives of the Study:

•    To provide with an exhaustive analysis on the global compression bandages market by product, by material, by application, by end user and by region
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
•    To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

Flexible Delivery Model:

•    We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
•    The customization Mobility Care offered are free of charge with purchase of any license of the report
•    You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

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What you get


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What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics