Global Pressure Bandages Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Long Stretch or Elastic Bandages, Multi-component Multilayer Bandage System, and Short Stretch or Low-elasticity Bandages.

By Compression Pressure;

Light Compression Bandages, Moderate Compression Bandages, and High Compression Bandages.

By Material;

Cotton Fabric, Latex Free, Polymer, and Other (Elastic Fiber).

By Application;

Leg Ulcers, Deep Vein Thrombosis, Surgery, Trauma Injury, and Others (Edema, Swellings, Sprains and Lymphedema).

By End User;

Hospitals, Ambulatory Surgical Centers, Research and Academic Institutes, and Home Care Settings.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn111399272 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Pressure Bandages Market (USD Million), 2021 - 2031

In the year 2024, the Global Pressure Bandages Market was valued at USD 2,076.07 million. The size of this market is expected to increase to USD 2,778.27 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.

The global pressure bandages market plays a vital role in modern healthcare, offering effective solutions for wound management and recovery. Pressure bandages are designed to apply controlled pressure to a wound or injury site, facilitating healing by reducing swelling, promoting blood circulation, and preventing excessive bleeding. This market encompasses a wide range of products, including elastic bandages, cohesive bandages, and compression garments, which cater to diverse medical needs across various healthcare settings.

One of the key drivers behind the growth of the global pressure bandages market is the rising incidence of chronic wounds and injuries, fueled by factors such as an aging population, increasing prevalence of diabetes, and a growing number of surgical procedures. Chronic wounds, such as diabetic ulcers, venous ulcers, and pressure ulcers, require specialized care and management, often involving the use of pressure bandages to optimize healing outcomes. Additionally, advancements in technology and materials have led to the development of innovative bandage products that offer improved efficacy, comfort, and ease of use, further propelling market expansion.

Geographically, the global pressure bandages market exhibits a diverse landscape, with North America, Europe, Asia Pacific, and other regions contributing significantly to its growth. Factors such as well-established healthcare infrastructure, high healthcare expenditure, and increasing awareness about wound care drive market growth in developed regions. Meanwhile, emerging economies in Asia Pacific and Latin America are witnessing rapid expansion in the healthcare sector, driven by factors like improving access to healthcare services, growing disposable incomes, and increasing healthcare spending, thereby presenting lucrative opportunities for market players to expand their presence and tap into new consumer segments.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Compression Pressure
    3. Market Snapshot, By Material
    4. Market Snapshot, By Application
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Global Pressure Bandages Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Chronic wounds
        2. Surgical procedures
        3. Rising geriatric population
        4. Increasing prevalence of diabetes
      2. Restraints
        1. Regulatory Hurdles
        2. Limited Reimbursement Policies
        3. High Cost of Advanced Products
        4. Preference for Traditional Wound Care
      3. Opportunities
        1. Technological Advancements
        2. Increasing Prevalence of Chronic Wounds
        3. Growing Geriatric Population
        4. Rising Surgical Procedures
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Pressure Bandages Market, By Product Type, 2021 - 2031 (USD Million)
      1. Long Stretch or Elastic Bandages
      2. Multi-component Multilayer Bandage System
      3. Short Stretch or Low-elasticity Bandages
    2. Global Pressure Bandages Market, By Compression Pressure, 2021 - 2031 (USD Million)
      1. Light Compression Bandages
      2. Moderate Compression Bandages
      3. High Compression Bandages
    3. Global Pressure Bandages Market, By Material, 2021 - 2031 (USD Million)
      1. Cotton Fabric
      2. Latex Free
      3. Polymer
      4. Other (Elastic Fiber)
    4. Global Pressure Bandages Market, By Application, 2021 - 2031 (USD Million)
      1. Leg Ulcers
      2. Deep Vein Thrombosis
      3. Surgery
      4. Trauma Injury
      5. Others (Edema, Swellings, Sprains, Lymphedema)
    5. Global Pressure Bandages Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Research and Academic Institutes
      4. Home Care Settings
    6. Global Pressure Bandages Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Smith & Nephew
      2. 3M
      3. Medtronic Plc.
      4. ConvaTech, Inc.
      5. Cardinal Health, Inc.
      6. Johnson & Johnson
      7. Nitto Denko Corporation
      8. Tytek Medical
      9. Persys Medical
      10. BSN Medical
  7. Analyst Views
  8. Future Outlook of the Market