Pressure bandages are medical devices used to protect and heal an injured area and to control bleeding without affecting the normal blood circulation.
Pressure Bandages: Introduction
- Pressure bandages are medical devices used to protect and heal an injured area and to control bleeding without affecting the normal blood circulation.
- Pressure bandages comprise non-adherent bandages applied over an incision or wound and is covered by absorbent stretchable adhesive.
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- These devices are primarily used to compress the dead space at the site of injury or incision and prevent the formation of seroma and hematoma.
- Pressure bandages have wide applications in different medical areas such as leg ulcers, orthopedic surgeries, and management of chronic as well as acute wounds, lymphedema, and musculoskeletal injuries.
- Different types of pressure bandages such as low elasticity bandages, elastic bandages, and multicomponent multi-layer pressure bandages are available in the market and have specific applications in different medical indications.
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Pressure Bandages Market: Key Drivers
- The global pressure bandages market is projected to grow at a rapid pace during the forecast period due to high prevalence and incidence rate of diabetic foot ulcers, lymphedema, and deep vein thrombosis across the world
- According to systemic review in 2017, the global diabetic foot ulcers prevalence ranges between 3% and 13%. Moreover, it is estimated that around 1 in 7 diabetic patients is likely to develop diabetic foot ulcer.
- Technological advancements in the development of pressure bandages, development & commercialization of new types of pressure bandages, and rise in demand are projected to fuel the growth of the global pressure bandages market from 2021 to 2031
- High prevalence and increase in incidence rate of chronic life-long diseases that require frequent doses of injection, especially diabetes, are the major factors anticipated to boost the growth of the global pressure bandages market during the forecast period
Inelastic Pressure Bandage Segment to Dominate Global Market
- The global pressure bandages market can be segmented based on product type, material, application, by end-user, and by region
- In terms of product type, the global pressure bandages market can be classified into inelastic bandages, elastic bandages, and multicomponent multi-layer compression systems
- Short stretch bandages have low elasticity that deliver low resting and high working pressure at the site of application
- The short stretch pressure bandages segment is expected to dominate the global pressure bandages market in the next few years due to high volume consumption, easy availability, low cost, ease of use, and wide applications of the product
- Multicomponent multilayer bandages are made of combination of different bandages with variable elasticity in order to provide the benefits of both short as well as long stretch compression bandages
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Cotton Compression Bandages Segment to Lead Global Market
- Based on raw material, the global pressure bandages market can be categorized into cotton, latex, polyester, and others
- The cotton segment is likely to account for prominent share of the global pressure bandages market by 2031
Foot Ulcers Segment to be Dominant in Global Market
- In terms of application, the global pressure bandages market can be segregated into lymphedema, foot ulcers, deep vein thrombosis, and others
- The foot ulcers segment is projected to grow at rapid pace during the forecast period owing to high prevalence and increase in incidence rate of diabetic foot ulcers, wide applications of pressure bandages in foot ulcer management, and rise in demand
Clinics Segment to Lead Global Market
- Based on end-user, the global pressure bandages market can be divided into hospitals, clinics, ambulatory surgery centers, and home care. The clinics segment is anticipated to dominate the global market during the forecast period.
- Large number of clinics coupled with high patient footfalls at clinics is expected to boost the growth of the segment during the forecast period
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North America Pressure Bandages Market to Expand at Rapid Pace
- In terms of region, the global pressure bandages market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America and Europe are projected to account for major share of the global market owing to easy availability of pressure bandages, high prevalence of diabetic foot ulcers, large number of surgical procedures, and increase in number of road accidents & other musculoskeletal injuries.
- Moreover, high adoption of technologically advanced products, large base of pressure bandage manufacturing companies, rise in awareness about different types of injuries, well-established health care facilities, and favorable medical reimbursement policies are anticipated to contribute to dominance of these regions by the end of 2031.
- The pressure bandages market in Asia Pacific is expected to grow at a rapid pace during the forecast period owing to rise in the number of road traffic accidents, large population base with diabetic foot ulcers, especially in the highly populated countries such as India and China, increase in awareness about health care facilities, and surge in per capita health care expenditure in the region.
Key Players Operating in Global Pressure Bandages Market
The global pressure bandages market is highly fragmented and a large number of manufacturers hold prominent share in respective regions. Rise in the trend of mergers and acquisitions among the leading players has been observed in the past few years to strengthen their product portfolio and presence in different regions. Prominent players operating in the global pressure bandages market are:
- Stryker Corporation
- Johnson & Johnson
- Becton, Dickinson and Company
- B. Braun Melsungen AG
- W. L. Gore & Associates, Inc.
- Zimmer Biomet
- 3M company
- Medtronic plc
- Bio Compression Systems, Inc.
- BSN Medical
- Abbott
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