Discover trends, market shifts, and competitive outlooks for the compression bandages industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Projected Market Size and Growth Rates for the Compression Bandages Market From 2025 To 2029?

The market size for compression bandages has seen robust growth in the past few years. The market is projected to expand from $1.63 billion in 2024 to $1.74 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. Factors contributing to the growth during the historic period include the prevalence of chronic diseases, advancements in materials and designs, regulatory support, and medical advancements.

The market for compression bandages is predicted to witness significant expansion in the coming years, reaching a market value of $2.2 billion in 2029 with a compound annual growth rate (CAGR) of 6.1%. The surge in the forecast period can be linked to increasing expenditure on healthcare, e-commerce growth, customization and personalization, and emphasis on preventive healthcare. Major forecast period trends encompass increased desire for stylish compression stockings, a transition to eco-friendly materials, incorporation of digital health, and the use of telemedicine and remote consultations.

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What are the Fundamental Drivers and Innovations Shaping the Compression Bandages Market?

The rise in chronic wound cases is anticipated to fuel the expansion of the compression bandage industry. Chronic wounds are defined as skin injuries that don’t follow the usual healing progression and continue for a prolonged duration. The incidence of such wounds is increasing due to factors like aging populations and unhealthy lifestyles, which include a lack of exercise and poor diets. Compression bandages contribute to the management of chronic wounds by minimizing swelling, enhancing circulation, alleviating pain, and averting complications. They can also support wound contraction and closure by offering external support to the wound bed and adjacent tissues. For example, in January 2024, approximately 6.7 million people were currently dealing with chronic wounds, as per the data from Memorial Hospital of Carbon County, a critical access hospital in the US. This number is expected to surge by over 2% in the coming decade. Moreover, chronic wounds have a significant financial impact, costing the healthcare system over $50 billion. Hence, the growth of the compression bandage market is driven by the escalating prevalence of chronic wounds.

How Is the Compression Bandages Market Segmented?

The compression bandages market covered in this report is segmented –

1) By Product: Short Stretch Bandages, Long Stretch Bandages, Multilayer Compression Bandages

2) By Material: Polyester, Latex, Cotton, Other Materials

3) By Application: Wound Management, Deep Vein Thrombosis, Lymphedema, Other Applications

4) By End-User: Hospitals And Ambulatory Surgical Centers, Clinics, Nursing Care Centers And Skilled Nursing Facilities, Home Care, Other End-Users

Subsegments:

1) By Short Stretch Bandages: Low-Stretch Compression Bandages, Bandages for Lymphatic and Venous Disorders, Elastic Short Stretch Bandages, Compression Therapy for Edema Management, Short Stretch Bandages for Wound Care

2) By Long Stretch Bandages: High-Stretch Compression Bandages, Bandages for Orthopedic and Musculoskeletal Injuries, Elastic Long Stretch Bandages, Bandages for Varicose Veins and Swelling, Long Stretch Bandages for Wound Protection

3) By Multilayer Compression Bandages: Layered Compression Systems, Bandages for Chronic Venous Insufficiency, Multilayer Compression for Lymphedema Treatment, Customizable Multilayer Compression Bandages, Multilayer Bandages for Post-Surgical Recovery

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Which Regions Are Driving the Next Phase of the Compression Bandages Market Growth?

North America was the largest region in the compression bandages market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression bandages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Key Trends Are Shaping the Future of the Compression Bandages Market?

Leading corporations in the compression bandage market are creating novel products, including non-woven elastic bandages, to improve medical care and compression therapy. The elastic non-woven bandage is a flexible, breathable wrap often used for mild compression and support, especially in wound care, or for holding dressings in place while still permitting movement and air flow. For example, in October 2022, medical equipment manufacturer KOB GmbH from Germany launched a new product, the VisioCompress2 Lite, expanding their compression bandage range. This 2-component system is tailored for circumstances that demand lesser compression pressure and comprises a padding bandage and an always stretchy non-woven bandage, now with indicators for a straightforward and more secure application. KOB also presented the Hospifix Bi-elastic 911 tubular bandage, a supple and seamless solution that boosts the KOB tubular assortment.

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How Is the Compression Bandages Market Defined and What Are Its Core Parameters?

Compression bandages are elastic wraps or garments applied to a specific body part to exert controlled pressure and provide support. They are commonly used in medical settings to improve circulation, reduce swelling, and support injured or weakened tissues.

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