The pressure bandages are used to deliberately apply pressure to produce a desired clinical effect after trauma. Pressure bandages, also known as compression bandages, pressure dressing, are used to control edema, lymphedema and reduce swelling in the treatment of venous disorders of the leg. They also can be easily adjusted to fit changing limb size and compression needs. The pressure bandage are highly recommended in the medical settings, owing to the wide availability of options such as the difference in compression pressure allowing efficient treatment for severe to acute injuries.
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The major factors driving growth of the pressure bandages market include rising geriatric population, rising surgical cases, and increasing incidence of chronic wounds. According to the Cleveland Clinic Foundation, 2017, the prevalence of leg ulceration is approximately one to two percent higher in the older adult population with a peak prevalence is between 60-80 years. Moreover, the rising adoption of pressure bandages in ambulatory surgical centers and home care settings due to easy usage contributes to the accelerated demand for pressure bandages over the forecast period. However, the limited reusability option of the bandages and the adoption of advanced and alternative wound care products such as medical adhesives and tapes are the factors restraining pressure bandage market growth.
Key features of the study:
This report provides in-depth analysis of pressure bandages market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2017 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market. This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global pressure bandages market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, and strategies, and future plans.
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Key companies covered as a part of this study include Medtronic Plc., 3M, Smith & Nephew, ConvaTec, Inc., Cardinal Health, Inc., Johnson & Johnson, BSN Medical, Persys Medical, Tytek Medical, and Nitto Denko Corporation.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics.
The global pressure bandages market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the pressure bandages market.