Overview


According to FutureWise analysis the market for Compression Bandages in 2023 is US$ 1.58 billion, and is expected to reach US$ 2.43 billion by 2031 at a CAGR of 5.50%.

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.

  • 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

(Note: The list of the major players will be updated with the latest market scenario and trends)

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.

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

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

  • 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

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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1 . Years Considered for the Study
         3.2 . Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1 . Secondary Data
          1.1.1 . Key Data from Secondary Sources
         1.2 . Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Global Compression Bandages Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework on Country Level
         6.1 . Reimbursement Framework
         6.2 . Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1 . Market Driver Analysis
         1.2 . Market Restraint Analysis
         1.3 . Industry Challenges
  • 6.   Market Analysis tools
    •   1. Industry Analysis - Porter’s
         1.1 . Supplier Power
         1.2 . Buyer Power
         1.3 . Substitution Threat
         1.4 . Threat from new entrants
         1.5 . Competitive Rivalry
        2. Pestel Analysis
         2.1 . Political Landscape
         2.2 . Environmental Landscape
         2.3 . Social landscape
         2.4 . Technology landscape
         2.5 . Legal Landscape
  • 7.   Compression Bandages Market, By Product Historical Analysis and Forecast 2023-2031 (USD million)
    •   1. Short Stretch Compression Bandages
        2. Long Stretch Compression Bandages
        3. Multilayer Compression Bandages

  • 8.   Compression Bandages Market, By Material Historical Analysis and Forecast 2023-2031 (USD million)
    •   1. Latex
        2. Polyester
        3. Others

  • 9.   Compression Bandages Market, By Application Historical Analysis and Forecast 2023-2031 (USD million)
    •   1. Wound Management
        2. Trauma
        3. Lymphedema
        4. Deep Vein Thrombosis
        5. Others

  • 10.   Compression Bandages Market, By End User Historical Analysis and Forecast 2023-2031 (USD million)
    •   1 . Long Term Care Centers
        2 . Hospitals
        3 . Clinics
        4 . Ambulatory Surgical Centers
        5 . Other Outpatient Settings

  • 11.   North America Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Mn) Analysis By Country, 2017-2022
         2.1. U.S.
         2.2. Canada
         2.3. Mexico
         2.4. Rest of North America
        3 . Market Size (USD Mn) Forecast for North America 2023-2031

  • 12.   Latin America Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (US$ Mn) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3 . Market Size (US$ Mn) Forecast for Latin America 2023-2031

  • 13.   Europe Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5 . Switzerland
         2.6. Spain
         2.7. Russia
         2.8. Poland
         2.9. Rest of Western Europe
        13.3 . Market Size (USD Million) Forecast for Europe 2023-2031

  • 14.   Asia Pacific Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1 . Introduction
        2 . Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1 . Japan
         2.2 . China
         2.3 . Singapore
         2.4 . Korea
         2.5 . India
         2.6 . Australia and New Zealand
         2.7 . ASEAN
         2.8 . Rest of Asia Pacific
        3 . Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 15.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1 . Introduction
        2 . Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1 . UAE
         2.2 . South Africa
         2.3 . Egypt
         2.4 . Saudi Arabia
         2.5 . Rest of MEA
        3 . Market Size (USD Million) Forecast for MEA 2023-2031

  • 16.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Product Type and Technology Portfolio, Financial Layouts)
    •           1 3M
                  1.1. Company Overview (HQ, Business Segments, Employee Strength)
                  1.2. Product Portfolio
                  1.3. SWOT Analysis
                  1.4. Financial Overview
                  1.5. Strategic Overview
                2 Cardinal Health
                    2.1. Company Overview (HQ, Business Segments, Employee Strength)
                    2.2. Product Portfolio
                    2.3. SWOT Analysis
                    2.4. Financial Overview
                    2.5. Strategic Overview
                3 ConvaTec Inc.
                    3.1. Company Overview (HQ, Business Segments, Employee Strength)
                    3.2. Product Portfolio
                    3.3. SWOT Analysis
                    3.4. Financial Overview
                    3.5. Strategic Overview
                 4 BSN Medical
                   4.1. Company Overview (HQ, Business Segments, Employee Strength)
                   4.2. Product Portfolio
                   4.3. SWOT Analysis
                   4.4. Financial Overview
                   4.5. Strategic Overview
                 5 PAUL HARTMANN AG
                    5.1. Company Overview (HQ, Business Segments, Employee Strength)
                    5.2. Product Portfolio
                    5.3. SWOT Analysis
                    5.4. Financial Overview
                    5.5. Strategic Overview
                 6 Smith & Nephew plc
                    6.1. Company Overview (HQ, Business Segments, Employee Strength)
                    6.2. Product Portfolio
                    6.3. SWOT Analysis
                    6.4. Financial Overview
                    6.5. Strategic Overview
                 7 Andover Healthcare Inc.
                   7.1. Company Overview (HQ, Business Segments, Employee Strength)
                   7.2. Product Portfolio
                   7.3. SWOT Analysis
                   7.4. Financial Overview
                   7.5. Strategic Overview
                8 Mölnlycke Health Care AB
                    8.1. Company Overview (HQ, Business Segments, Employee Strength)
                    8.2. Product Portfolio
                    8.3. SWOT Analysis
                    8.4. Financial Overview
                    8.5. Strategic Overview    
                9 Beiersdorf AG
                    9.1. Company Overview (HQ, Business Segments, Employee Strength)
                    9.2. Product Portfolio
                    9.3. SWOT Analysis
                    9.4. Financial Overview
                    9.5. Strategic Overview
              10 Baxter International Inc
                    10.1. Company Overview (HQ, Business Segments, Employee Strength)
                    10.2. Product Portfolio
                    10.3. SWOT Analysis
                    10.4. Financial Overview
                    10.5. Strategic Overview

  • 17.   Impact of COVID-19
    •        1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the regulations initiated by healthcare administrations
        5. The overall economic slowdown of the developing and developed nations

  • 18.   Relevant Case Studies and Latest News Updates
  • 19.   Key Market Takeaway Points from the Market Analysts at Future Market Analytics
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