December 16th, 2021 Coherent Market Insights Releases

Pressure bandages is one of the most important first-aid approach in the medical settings, used in serious injury. The pressure bandages offer compression to the damaged blood vessels by rendering blood clot formation, thereby preventing excessive blood loss. These bandages are suitable in wounds on limbs and in venomous snake bites, in order to avoid venom progression in the body.

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The global pressure bandages market was valued at US$ 188.8 million in 2017 and is expected to witness a robust CAGR of 4.8% over the forecast period (2017 – 2025).

Growing cases of chronic leg ulcers is expected to drive growth of the global pressure bandages market during the forecast period.

Treating venous leg ulcers is challenging, which could become expensive. Such ulcers can usually be treated with moderate compression bandages. Besides, these bandages are commonly recommended for 2-3 days by physiotherapists for acute injuries, in order to alleviate the pain. According to the study published by Circulation Foundation, 2015, venous disease is the underlying cause of chronic leg ulcers accounting for over two third or 80% of all leg ulcers. The study also states that the other reason for the formation of leg ulcers include arterial disease contributing to 15% of leg ulcers and diabetes, rheumatoid arthritis accounting approximately 5% leg ulcers.

High pressure provided by pressure bandages is expected to propel the global pressure bandages market growth over the forecast period.

The elastic long stretch bandages are easy to apply and are highly extensible. They can be accommodated to leg geometry, contraction, and expansion that allows easier movement. Furthermore, these bandages can sustain for a longer time and can be extended up to 140-200% as compared to short-stretch or low elastic bandages. The products available in the global market offer variety of bandaging systems designed to allow optimal management of diseases such as edema, ulcers. For instance, JOBST, a compression bandage by BSN Medical reduces swelling and stabilize the size of the limb before being measured and fit for the JOBST compression garment.

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Among regions, North America holds dominant position in the global pressure bandages market. This is owing to growing cases of diabetes, high recommendation for pressure bandages by doctors, and presence of key companies. According to the American Diabetes Association, 2015, around 30.3 million Americans or 9.4% of the population was diagnosed with diabetes. According to the Cleveland Clinic Foundation, an estimated 15% of diabetic population is expected to develop foot ulceration during their lifetime, where lower extremity amputations in the U.S. are preceded by a foot ulcer. Growing cases of diabetes increases the risk of leg ulcers.

Key companies involved in the global pressure bandages market are Medtronic Plc, Smith & Nephew, 3M, ConvaTec, Inc., Cardinal Health, Inc., Johnson & Johnson, Nitto Denko Corporation, Persys Medical, Tytek Medical, and BSN Medical.

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• Current and future of global Pressure Bandages Market outlook in the developed and emerging markets • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period. • Regions/countries that are expected to witness the fastest growth rates during the forecast period • The latest developments, market shares, and strategies that are employed by the major market players

View Press Release: https://www.coherentmarketinsights.com/press-release/pressure-bandages-market-to-surpass-us-2742-million-threshold-by-2025-585

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